But still you got an awesome profit. That's over 1% per biz day.

My demo accounts are kind of dead at the moment unless I can fix a problem with my virtual machine and PC since they don't want to play nice with network connections now for some random reason. So I have my live account which I'm also going to try to trade a strategy on, made 2.3% manually trading today. Up 8.9% since the 13th with MD and 2 manual trades I did today. Not to bad for less than 2 weeks.

http://bfddeglobal.mt4stats.com

Interesting... I have a HUGE loss in this trade MD is in right now. Pretty interesting stuff. I wonder what's going to happen.

got hit real bad by megadroid tonight.

mind posting your mt4stats link again? probably similar to mine made a sell right after another. apparently mine didn't hit the SL and is slowly recouping but meh it would of put me bout -1000 on my account, put me in a negative.

HUGE loss. http://bfddeglobal.mt4stats.com this was MD not me trading.

link in signature ....

Same here made massive loss on FM demo acc. $-910.00!!!!!
but also good profit. My live acc. today two trades one recovered and made few dollars
other made a loss, and the same with my demo acc. Alpari.
Looking forward to the recovery mode if there is such a think.

My PC crashed so it didn't do recovery mode. I saw a trend made a gamble and it paid off and I recovered most of of the loss myself.

Be careful bfdd, you only have a 5k account so trading $20 a movement could kill your account very quickly.
I wasn't able to get internet connection so i missed MegaDroids trade yesterday but i think that it is a wake up call for a lot of people, it runs at over 95% winning Accuracy but if you are risking to much of your account when it has that loss it will hurt you.

Unless you can read charts then i would recommend you never risk more then 10% while using MegaDroid and much less if you are only just starting to learn to trade and do any manual trading.

GP

Hey bestforexsoftwares, have you hooked up some live stats yet to prove to people that you do trade and your not just a ref ho?

Here is the website:MT4 Live Stats - Ref Ho Indicator......LOL!

I actually saw the loss coming when it opened the second trade. Also, I didn't actually mean to trade that big of a lot GP it was more of an accident.

hallo, ich finde MD sehr gut.

Sorry mate, i don't understand what you are saying?

GP

ye NEED English in USA

i dont hav much time at Library + no job very little $

i see on MT4 page your buying on 13th + now
on Oanda game demo Id sold EUO/USD like FAM said to + it went up to stop loss

can you help me get a winning start with my $5.00 FXTrade
acct by showing me signals + tell me which to trade ?

He is saying that he finds MD very good.
Hope you having fun on your holidays.

I wanted to put my two cents in and say Megadroid is pretty solid and so far so good. 52 pips after 5 days of trading good system and knowledge equals one thing Money$

Hey GP would you recommend MD for a beginner? I'm still going through the motions at Babypips and learning all I can but I want to get my feet wet ya know? Would rather start off with an EA than try manual trading. I could always get my money back if need be but just looking for a way to start out.

Yes i would recommend Forex MegaDroid to anyone as long as you understand that it isn't magic and you won't make 100% winning trades but you should have around 95% Accuracy and if you keep it real and trade with a realistic % Risk like 10 % then you should make money while you learn.

This is as good as it gets and as a beginner there is no better way while you learn, i only wish i had such a thing 3 years ago while i was trying to learn......

GP

Thanks for the advice GP. I look up to ya man and appreciate all the help you provide around here. Will definitely get MD through you and start a demo account while I keep lurking around here. What would you recommend for me to focus my efforts on if I wanted to implement Technical Analysis moreso than Fundamental Analysis in manual trading? Maybe both should be used but for now I can only spread myself so thin...any guidance is appreciated. Sick of all the rubbish out there and affiliates trying to make a quick buck. Lots of garbage info circulating. Thank you for all your help GP!

Thank you for the kind words TheGoodLyfe,

I am as sick of the rubbish that is around as you are, people have to understand that forex can destroy your life if you are not careful, it's not a game it's the biggest market in the world!

My advice to anyone that is trying to learn how to trade is to take there time, time in the market is what it is all about, the key to forex is being around long enough to be in a position where you have seen the ups and downs and still have money left in your trading account to take advantage of that moment when you think......AH HA I UNDERSTAND and you have mastered YOUR TRADING PLAN!

Have a try of a robot, still respect the market and trade with a respectable % and get a demo and start to test different things with manual trading, i think i will have to start a new thread with how i trade as i am sick of people coming on MMG with all this crazy stuff, i will show people my style of trading and if they want to try and trade like me so be it.

I will need a bit of time to organize it as i am still overseas but i will get it done as soon as i am back.

GP

PS: It's the usual websites that you have to go through to learn :

BabyPips

LearningMarkets

ForexFactory

I have to give credit where it is due my friend That would be MUCH apprectiated because I'm favoring technical analysis and just a general idea of what not to do haha. If I could minimize my chances of making noobish mistakes then I'm all for it. Please keep me updated. I will let you know when I purchase MD as well GP.

*I have to give Globalprofits mad props. He's an incredibly helpful guy will take time out of his day to talk to you and help you learn. He's a very smart trader and he has gone through it all if you wish to take Forex seriously and become a serious trader read his posts and hit him up. Mark is a standup guy. I'll vouch for him on anything.

Thanks for the kind words, i just know how dangerous and how hard it is when you first start to trade this market.

When i get back to Australia i will sit down and work out how to go about putting my trading style\plan into a thread, it's not magic and it ownly works if all the rules are followed, i still get in to trades to early sometimes when i ignore even just one of my rules and i then get stuck trying to get it back to break even which you will see on my live stats, the $0 trades.

Live GoMarkets Standard Account

Bizking, i am having a great time in Haiti, i have seen some incredible sites and since this is the first time out of Australia you can imagine how different everything is to me.

GP

I look forward to following this thread GP and being somewhat of an 'apprentice' haha. I will get MD from you tomorrow and start setting it up. I began a demo account with Alpari US, IBFX, FXDD, and FxPRO. Ahh so excited to get my feet wet! Take care all and may the pips be with you

The bad news is that $5 in the forex market is just not enough to even worry about.

You may as well stick to demo trading and take your time and learn, i am not going to provide signals because i am not qualified to give Personal Financial Advice which in my country means ( I will not of taken into account one or more of your Financial Objectives, Financial Situation and Needs.)but i am almost Qualified to give General Financial Advice which is what the new thread will be about, i will right down the indicators that I use and the rules that I stick to when i trade.

What people do with that info from there is totally up to them.

GP

Megadroid made a good trade today that I accidently messed up. I accidently put a buy in when I had to go to a meeting for work =\ kind of negating my gain.

Tough break bfdd. I have a question about setting up mt4 stats. How do I change the name of the url so that it will be more clear which account it is for? So if I have an account for Alpari-US I want the url to say http://alpari.mt4stats.com or my screen name then the company name. Thanks for the help! And I am beginning with demo accounts so I will post my stats when I officially begin.

just make a new account with the name like that =)

You can set up your name as combination like mine.
Good day for MD but my FM didn't pick up the trade.

So Forex MegaDroid bounced back with a win, i am to scared to turn it on while i am in Haiti as it has rained at the time MegaDroid looks for trades every day so far and the internet drops in and out when it rains, my brother tells me that this is the ownly month of the year that they get these rainy conditions.

GP

Thanks for the help with mt4 I was able to figure it out. Simple stuff. GP I just picked up MD so hopefully your wife will have some extra spending money! Enjoy your stay in Haiti my friend.

I am enjoying my stay in Haiti, i have been told many times that it is a poor country but until you witness it with your own eyes you can not comprehend it.

The difference between my life and surroundings in a small country town in Victoria Australia and the poverty that is everywhere i look in Port au Prince is unbelievable and something i will never forget.

I guess that is why they call Australia the lucky land.

My wife will be very happy that you are going to give Forex MegaDroid a try, she is going to have a weekend away with a couple of her friends which i guess is a fair deal, i have 2 or 3 weeks away while she looks after our three children and then she gets a couple of nights away while i look after them...

If you get stuck setting MegaDroid up just ask in the forum and it will be answered very quickly.

Less then an hour until MegaDroid starts looking for trades, it's been a very erratic night so lets see what happens.

GP

Glad you're having a good trip.

To anyone needing help I'll be around also so you can hit me up with a PM.

Its always good when you can enjoy and get certain experience outside your immediate surroundings ....

Just had a +'ve trade with megadroid on my ibfx account.

Anyone have a MegaDroid trade?

There was a bit of action in the market yesterday.

GP

No trade for me, but I didn't understand the dip after looking at news and the chart so a buy I put in at 1.3888 I didn't close at a loss even at -700, now it's floating around +850 if it dips to +750 before I head to work I'll close it and no matter what it's at when I head for work I'm closing it. Hope I can get 100 pips.




No trade for me, but I didn't understand the dip after looking at news and the chart so a buy I put in at 1.3888 I didn't close at a loss even at -700, now it's floating around +850 if it dips to +750 before I head to work I'll close it and no matter what it's at when I head for work I'm closing it. Hope I can get 100 pips.

forgot to post my mt4stats, all my trades yesterday were manual. http://bfddeglobal.mt4stats.com i don't go for big wins I'm happy with a single pip tbh.

Had 1 trade with megadroid yesterday on IBFX entered close to the end of that big drop yesterday (very uncharacteristic), closed in profit on retrace.
no trades on other brokers

thanks man !!!!

Hey everyone so I finally got MD up and running on 4 of my demo accounts (Alpari US, Interbank FX, FxPRO, FXDD). EACH MICRO ACCOUNT WAS FUNDED WITH $500. Leverage was set at 100:1. I digress to say that I made a noobish mistake on my Alpari account when it opened a trade and as soon as it went into the negative, I closed it. However, today my FXDD account was the only one to trade today and I scored 4 pips at .04 lots. All accounts with any activity are in the positive.

Am I correct in saying that MD trades everyday between 21:00 GMT and 23:00 GMT? I was wondering if I could close MD overnight and open it up in the morning so it can do its thing? I thought it would be a good idea to see how MD would do with risking %1 or %2 per trade but I didn't see any activity so I bumped it up to %10 on all my accounts.

As of today, Thursday May 28th, my settings are all default on MD version 1.11 with a few exceptions:
S1 and S2_Reference have been changed to different random numbers
Lot Size = 0.01
RiskLevel = 0.1
RecoveryMode = False

Let me know if there is anything I should or should not have done or anything I can tweak to make improvements. Check out my Alpari US, Interbank FX, FxPRO, and FXDD accounts at mt4 for results. Thanks!

It does not trade everyday. Also, just let it run these are demos and you're testing the product let it run it's course.

I understand bfdd. Just wanted to make sure I was correct about the timeframe when it 'most likely' does on a day. Does anyone recommend keeping a comp running 24/5 or up until MD's usual trading time window? Not sure which is better for MD to do its thing...

I plan on opening a live account down the road and wanted to know who here uses a 1 or 2 percent risk per trade? Will this have a negative effect on the probability that MD will trade (depending upon my initial deposit)?

Hi
As you can see from my stats I'm using 30%
and setting is default.

risk bases your lot size on your equity. So if MD opens a trade and risks 30% and then opens another trade it will risk 30% of what is left of your equity, not what your balance is. I use 45% but this is a micro account and is just for experimentaiton. If you set risk to 0 it will go based off the lot size you put in.

Right I got you bfdd. I was trying to get a better grasp of MM in live trading regarding MD placing orders. To be more clear, will MD have trouble placing orders on a live account if my deposit, equity available starting off is $1000, and I set my RiskLevel to 1 or 2%? Or will that be fine? I'm trying to figure out if I should save up more money in order to use those risk levels AND have MD run like it should. Sorry if I am unable to accurately articulate this scenario. It made sense in my head haha

I'd suggest 5 - 10% if you want to be more realistic with it. which would be .05 or .1

TheGoodLyfe,

Sorry i haven't been able to answer your questions but after having a quick look it is very simple to answer.

Go to page 50 of the Forex MegaDroid Manual and it explains Money Management very well.

It will be simple for you to understand as they use an example with a $1,000 account.

At the end of the day everyone will have a different appetite for risk, just remember that the more you risk with Forex MegaDroid or any trade the more you will lose when MegaDroid or you have a losing trade.

For example bfdd has a huge appetite for risk and runs MegaDroid at 45% Risk Level and when he had his first loss with MegaDroid it was $1,121.40 on a $5,000 account and now with one of his manual trades he is sitting on a $1,950 running loss.

bfdd - Live Stats


For me it's crazy but hey each to there own.

I spent most of the day teaching my brother and some of his workers how to trade forex, we had a great day and my brother is going to set up a trading club for them, 2 nights a week he will set them up at his warehouse with a couple of computers and train them for a couple of months and then he will set them up a $1,000 account and see what they can do for themselves.

Have a great weekend.

GP

Yeah I run a lot of risk. This trade I have open over the weekend is meh. We'll see what happens. Only 1 trade by MD this week and it was a winner the rest were me if it's 2.0 lot 1.5 lot or 1.00 lot.

Yesterday i had your Stats page open on a monitor and was showing my brother and his workers what you were trying to do and where you went wrong, it came in very handy.

When you start buying and selling the range you almost always get burnt if you don't use a tight stop loss and one big mistake people make is ignoring the daily trend and the daily range, just think what would of happened if you only took orders in the direction of the main trend yesterday while playing the range.

Remember that daily range indicator that i gave you,(I took 2 trades before the others arrived.) we didn't take a trade yesterday until it was reading -3 on the upside which means that it had already moved it's one day average distance and NewYork had only just opened, price had already broken through the R1 and R2 and was heading for the 1.4100 which proved to be an easy trading day and we went on to make $907 profit. (My brother and his workers are now hooked on Forex)

Once it was above 1.4100 and it now acted as support there was lots of trades to be had on the sell side, all lagging indicators where in over bought condition and the average daily range was -60 when price was around 1.4150

When i get back and start this new thread all of this stuff will make more sense.

I'm not going to show the live stats on our trades from yesterday as it's not my account and my brother doesn't want the extra pressure of people watching him trade and make mistakes....LOL.....

If i can work it out i will take a screenshot of yesterdays trades.

GP

Here is the screenshot:



This was in an account that has $11,000 and you can see how easy it was to make money with sells once it had moved so far past it's average moving daily range and made a yearly high.

GP