In a previous post relating to Forex MegaDroid I mentioned that I have intentions to open up a live MT4 account with the US brokerage firm MB Trading. Well, I finally got that done, and the account is active and Forex MegaDroid is up and running on it.
I had a bit of bad luck though as the first two trades it took ended up hitting their stop loss. Although this was not the fault of Forex MegaDroid it still nonetheless sucks. If you’re curious what caused the loss, it had to do with the surprise Federal Reserve discount rate increase which caused a hefty spike in the value of the United States Dollar hence EUR/USD fell like a rock, and guess what, Forex MegaDroid had a buy EUR/USD position at the time.
But I’m not disheartened. I recognize that forex involves risk and that without a little short term pain there can’t be any long term gain.
I’m going to keep you all up-to-date on how my MB Trading MT4 account progresses.
I wish you all many pips.
Cheers,
Alan
Related posts:
- I bought the Forex MegaDroid EA
- Forex MegaDroid Price Is Going Up
- Forex MegaDroid Performance Update #2
- Forex MegaDroid Performance Update #1
- Forex Megadroid Backtest on Dukascopy Tick Data – 99% modeling quality
March 8th, 2010 at 9:54 pm
Hi,
I’m interested… Why the problem with Megadroid? I though it was specifically designed to work domestically?
I’m looking at FXProfit Mountain right now..
March 9th, 2010 at 12:07 am
There is no problem with MegaDroid per se..the loss was caused by a surprise news announcement being released at a time where the market was not expecting it..
So to conclude my comment, Forex MegaDroid works domestically or internationally just fine..not sure what you meant by working domestically, but yeah, it works with domestic brokers (is that what you were referring to?)
I haven’t played around with FXprofit Mountain…
If you test it out please open a thread at Forex Nirvana (in the commercial trading systems section) and share your experience.
http://www.forexnirvana.com