Forex MegaDroid Performance Update #1

Update: Checkout Forex MegaDroid performance update #2 over here

Hello there! How’s everyone doing today? Making a lot of pips? I hope you are!

A while back I made a post (over here) announcing that I decided to purchase the Forex MegaDroid expert advisor, and in that post I promised that I’d keep you all up-to-date on how Forex MegaDroid performs. Well, here I am with the first of what I hope to be a long series of performance updates.

Now, before I go on and post trading results, I should mention that I’m testing Forex Megadroid EA on a LIVE FXDD MT4 account. Yes, I’ve got real money on the line with this one.

As far as settings, I’m using the defaults except that I have “Aggressive” modem turned off. I do not recommend using aggressive mode on as it can lead to significantly larger drawdowns. The only downside to turning aggressive mode off is that Forex MegaDroid won’t trade as often, but the trades it takes are “SAFER.”

Seeing as how I’ve only just recently started testing Forex MegaDroid it has taken only a few trades – 2 so far to be precise. I know that’s not that many, but both trades were winners.  Check them out:

2084285113 2009.10.14 00:00 sell 0.02 eurusd 1.4854 1.4896 1.4804 2009.10.14 01:36 1.4850 0.00 0.00 0.00 0.80
2084401163 2009.10.20 00:00 sell 0.02 eurusd 1.4963 1.5005 1.4913 2009.10.20 01:10 1.4960 0.00 0.00 0.00 0.60

It’s a tiny tiny profit, but there is still plenty of time for this EA to show me its worth. As I gain more confidence in this EA I intend to increase (ever so gently) the risk level. Ok, that about does it for this performance update. I’ll get back to you folks in a week or two with further performance update. Until next time, I wish you all many pips!

Oh, by the way, if you want to grab yourself a copy of Forex MegaDroid please follow the link below:

http://alansforexblog.com/links/forexmegadroid

*this will redirect you to the official homepage*

Cheers,
Alan