The Forex Megadroid also sent out an email today to answer some of the frequently asked questions by users. Here are some of the things they mentioned:
Forex MegaDroid trades ONLY the EURUSD currency pair
* Back-Testing
The strategy tester in MetaTrader is useful but also very finicky due to
variances in server times, spreads and several other factors. This can
make it rather difficult to match results seen elsewhere so we are going
to issue a list of the correct settings for several major brokers over the
next few days.
==> Visit Forex Megadroid
* Trading live / Practice Accounts
The best settings to use are actually the defaults. The only thing which
requires setting is the LotSize parameter (for trading without Order
Management) or the RiskLevel - 0.1 - 0.2 works well…
(10% - 20% risk per trade) though you are free to use any sensible risk level you wish.
* Trade Frequency
Some people seem to feel that a robot should be trading frantically
from the moment it is attached to a chart!
While that might provide an element of excitement, it is not the way
to succeed in trading - the people who look upon trading that way
would be more sensible taking their money to Las Vegas and getting
some enjoyment out of throwing it away.
Forex Megadroid is very carefully designed to enter trades with an extra-
ordinary degree of accuracy so if it doesn’t trade for a day or two,
there is a very good reason for it and nothing is wrong.
Forex MegaDroid does NOT trade on Fridays, Sundays and Holidays.
==> Visit Forex Megadroid
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