Well Like you said, the broker makes a big impact on how it will perform, especially since it takes the small profits. Of course like any robot, it will perform better or worse in certain markets so it will still need to be babysit. The good news is this robot uses stops, I have seen the ones that haven't and it gets real ugly sometimes. What broker were you planning on using?
Scott Kuehne
--- On Sun, 7/11/10, C Franks <cfranks@gmail.com> wrote:
From: C Franks <cfranks@gmail.com>
Subject: Re: [4XONTARIO] Forex Courses
To: 4XONTARIO@yahoogroups.com
Date: Sunday, July 11, 2010, 10:40 PM
Against my initial judgment, I've been impressed by megadroid. I have a
friend who has been trading it live since April, so obviously he enjoyed
May. His demo tests before then lost 4 trades out of 100 - average winners
were 7 pips, average losers were 30 pips.
I ran some statistical analysis that suggests one year out of six would
probably get two losses in a row. I ran a monte carlo simulation of
trading at the 40% risk level and had a 20% average drawdown, with a
standard deviation of 6% and a yearly multiple of 3x to 8x.
In theory, there should be little difference between theory and practice,
but in practice there is. Most of the tests that I've seen have similar
results, although a few people have had losing trades in a row and some
brokers aren't as good as others apparently.
I hope to go live with megadroid myself soon on a small account and see how
it does for me. Shouldn't be any different than anyone, right?
On Sat, Jul 10, 2010 at 9:33 AM, Scott Kuehne <scottdavidkuehne@yahoo.com>wrote:
>
>
> Seems like the MegaDroid made much better returns than the Robominer. Also
> the Robominer trades on a less liquid pair which many brokers have a high
> spread on. Really impressive that Mega did almost 80% during the big move in
> May. Of course manually trading you could have made more but still not bad
> for a machine.
>
> Scott Kuehne
>
> --- On Fri, 7/9/10, Richard Van Cleave <dickvc@yahoo.com<dickvc%40yahoo.com>>
> wrote:
>
> From: Richard Van Cleave <dickvc@yahoo.com <dickvc%40yahoo.com>>
>
> Subject: Re: [4XONTARIO] Forex Courses
> To: 4XONTARIO@yahoogroups.com <4XONTARIO%40yahoogroups.com>
> Date: Friday, July 9, 2010, 9:35 PM
>
>
>
>
> Try www.pipcop.com they test EA's with real money.
>
> The RoboMiner is by far the best one out there on the market.
>
> Richard Van Cleave
>
> 415-383-8701 pst
>
> [Non-text portions of this message have been removed]
>
> [Non-text portions of this message have been removed]
>
>
>
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