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.