Megadroid forex myfxbook contest - ForexpipfishingCom

Megadroid forex myfxbook contest

You are either missing or need to megadroid forex myfxbook contest your ADOBE Flash Player in order to see this video . FACT: The only robot that has been updating results daily for 3531 days. Take advantage of the time-limited, price while you can. No questions asked – no ifs, no buts, no whys!

Your satisfaction is our success and if we can’t fulfil that then we don’t want your money. You can opt out at any time. The Robot Has Increased Initial Deposit Gains From 340. Net Profit Increase In 3531 Days! 41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.

SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. All results shown on this website are hypothetical, back-tested results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee.

Your actual trading may result in losses as no trading system is guaranteed. The use of this website constitutes acceptance of our user agreement. Logos and trademarks are the property of their respective owners. Forex Megadroid: if we consider the raft of commentaries in discussion forums about this robot, it will definitely be in the top five. It looked too suspicious to me, so I decided that instead of trusting this gibberish, I’ll check the strategy in action by exploring some particular trading data. The website had no link whatsoever to live trading results, even a demo account was absent, while the backtests consisted of some photographed charts that a kid would have drawn.

Hence, I suggest that we turn for help to third-party live trading accounts and backtests. Backtests: What is the Role of the Recovery Mode? Today we’ll make use of Birt’s review of the Forex Megadroid, which links to a real account on Myfxbook. Both backtests are run for the period from March 30, 2007 to March 26, 2012, which gives us some 5 years of information. Now we know that the robot supports EURUSD.

The settings of the two backtests are identical, with one important exception: the recovery mode, which makes trading riskier and more aggressive. The trade contract size in both backtests varies: in the one with the recovery mode off, it changes between 0. 50 lots, while in the backtest with the recovery mode on, it varies between 0. 679 for the test with the mode off.

The history of trades also points to some differences: look at the backtest with the recovery mode on and the trading on Nov 14, 2007: a EURUSD short position with trade contract size of 0. Then the robot opens a buy trade with a trade contract size of 0. See, the trade contract size nearly doubles and the direction of trading is reversed, which is a classical stop-and-reverse method. For this period of time, the gain has reached meagre 4. 9 means that there is a possibility that of losing money in the long term. Adding to the dismal performance, average pips per trade stand at 1. And now we can flush down the drain the claim of the Megadroid’s developers that the robot is winning in any market environment.

Exploration of the history of trades sheds light on the strategy of the robot. For starters, it trades only during limited time of the day: the so-called Asian session. However, it is not a  classical scalper, given the 2. 2 hours average time of keeping trades open and the size of wins and losses which is somewhat higher than the one characteristic of traditional scalping.

The highest drawdown occurred around October 10, 2012, when the Forex Megadroid opened EURUSD shorts. However, the trend sharply turned upwards following the release of positive eurozone data, leading to losing trades. If we compare the drawdown periods for Birt’s real account and the drawdown periods for a demo account by another third-party user of the Megadroid, we’ll see that these periods coincide. On the demo account, the Megadroid behaved in an analogical manner around October 10, 2012. And now I see what the ingenious strategy behind this bot is: it’s a night range scalper sensitive to market volatility. This makes you smile, doesn’t it? One more disadvantage of this bot is made obvious by a useful website comparing the trading of Megadroid on accounts registered with different brokers.