Megadroid 1.21 standard setup only trading EURUSD.
This was an interesting week. MD opened 4 trades on Wednesday; 1 buy & 3 sell trades. MD closed the buy and one sell trade. The last 2 sell trades went into drawdown. After the asian open MD normally looks to close all trades at breakeven. I did not wish to settle for breakeven since the euro sentiment was to the short side so I turned off the EA. The 2 short positions hit TP later in the Asian session.
Week of........Wins....Losses.....Pips
Mar 21- 26 ........4..........0...... +25.6 MD normal operation
Mar 21- 26 ........2..........0...... +26.3 MD deactivated
Megadroid 1.21 standard setup only trading EURUSD.
I did not wish to settle for breakeven since the euro sentiment was to the short side so I turned off the EA. The 2 short positions hit TP later in the Asian session.
Week of........Wins....Losses.....Pips
Mar 21- 26 ........4..........0...... +25.6 MD normal operation
Mar 21- 26 ........2..........0...... +26.3 MD deactivated
Megadroid 1.21 standard setup only trading EURUSD. NFP week, end of month and end of Quarter... not a good week to be trading with an EA. MD was active on Mon & Tues only.
Week of........Wins....Losses.....Pips
Mar 28- Apr 1 ....0..........0......0
Megadroid 1.21 standard setup only trading EURUSD. One long entry on Wednesday did not suit me so I closed it for a 2 pip profit. The euro plunged during the asian session.
I'm not sure if MD would have closed the trade before hitting stop loss. Just goes to show that EAs are not perfect. That is why I continue to trade manually during regular market hours and use MD during the slow period between the NY and Asian sessions. Trading manually manually keeps me in touch with market sentiment.
Megadroid 1.21 standard setup only trading EURUSD. Thursday was a bust! One long trade stopped out at -43 pips. MD took a second trade that I had to exit at -62 pips. .. oh well ... it's going to take awhile to recover this loss.
Megadroid 1.21 standard setup only trading EURUSD. Thursday was a bust! One long trade stopped out at -43 pips. MD took a second trade that I had to exit at -62 pips. .. oh well ... it's going to take awhile to recover this loss.
I don't keep a total pip tally on MD. You can go back on the posts and add them up if you wish.
I am putting MD on the shelf for awhile. The last disaster was caused by the Frankfurt open dumping euros because someone in Germany said something negative about the Greece bailout package. MD is not designed to react to news such as this.
It just proves that EAs cannot be trusted. They only do what they are programmed to do.
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