Welcome back Meta-Traders.Things have been slow this past week in the land of the Forex robots. Megadroid demo took its first trade in almost 10 trading days and picked up 2 pips. That leaves Megadroid leader of the demo pack up 18.3% year to date.
Next up is God's Gift EUR/USD which didn't trade this past week, but remains up 14.3% for the year. After that comes Megadroid Live which hasn't traded since 3/24/2009 but remains up a respectable 7.77% for the year
Trailing the pack comes God's Gift GBP/USD which dropped 16 pips for the week and remains up 0.02% for the year. Before I get too negative, keep in mind that not trading is much better than loosing money and all the systems i've been following are positive year to date.
Getting back to Megadroid live, I got a reply from Megadroid support in terms of recommeded brokers, and here was their reply:
We suggest you to use such brokers as:
FXCM (http://www.fxcm.com/)
Alpari UK (http://www.alpari.co.uk/)
FxPro (http://www.fxpro.com/)
IamFX (http://iamfx.com)
Alpari RU (http://alpari.ru/)
Since Forex.com continues to not trade Megadroid because of spread manipulation, the only way i'm going to make my 1% a week goal is to switch Megadroid brokers. One interesting tool to help along the path is MT4 Spreads at mt4spreads.com. This tool (which appears to work only during market hours) shows real-time spreads for multiple pairs across multiple brokers.
For a hint of what i'm working on, check out the graphic in the upper-left corner which shows a GBP/USD trading picked by an EA i'm working on. Its far from complete and clearly a work in progress.
Check back later and good trading all.
Sounds like a switch would be good for Megadroid. I note a lot of people don't mention FXDD (which I use). A lot of other ones are mentioned to be good including Alpari of which was one of the selections I was considering. So now it seems you have to choose one that won't manipulate things... As much. As time goes I start to think that making money in Forex might not be as profitable. I get the feeling that there will be more manipulation which leads to more government restrictions, which leads to not making any money.
ReplyDeleteLooks like from your graph you might be cooking up something good. Can't wait to hear about it.
JT
Your article is always useful.
ReplyDeleteThanks.
JT-
ReplyDeleteYes, there are a lot of obstacles in the way to profitable forex trading.
I can't say i've gotten there yet, but i've stopped loosing money and now i'm able to distinguish between a profitable system and a non-profitable system. But there's still a ways to go. Best of luck with Pro-B5 and ZuluTrade.
Forex-Cat-
Thanks for reading and for the comment.
Hello Ya'll,
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