Thursday, June 11, 2009

Forex Megadroid 2ND Set of Frequently Asked Questions 2

There are a lot of questions and assumptions. I'd like to try to clarify the most popular questions in my post:

==>> Download Forex Megadroid

* 1) First of all, your backtested results are wrong if you don't read page 63 of user manual. Seems that brokers current GMTOffset is adjusted according to Daylight Saving, that's why they raised their offset by +1 hour. BUT! When you are doing back test, they use gmtoffset without daylight saving time. That is why using the same value, as displayed on chart is not correct for most brokers. We don't know is this temporary feature or not.

* Attention: There is a mistake in USER MANUAL: FXDD doesn't use Daylight Saving Time, that is why their GMTOffset for backtesting and live trading is "3" in both cases.

* Current version of Forex MegaDroid is trading on EURUSD currency pair ONLY. If we add some new pairs - you all will be notified.

* Forex MegaDroid works well on both 4 and 5 decimal quotes.

I don't really understand, why people are afraid of spreads 18 or 22 on 5-digit quotes. This is true, because 18 pips on 5 digit quotes are equal to 1.8 pips on 4 - digit quotes brokers.

==>> Download Forex Megadroid

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