Finally we are able to run MegaDroid on more than EURUSD. The added pairs are EURCHF, EURGBP and USDCHF. I was very surprised that GBPUSD wasn’t one of the new ones. EURCHF and EURGBP is of course also traded by FAP Turbo, but USDCHF is a new pair for me (it is scalped by Forex Shocker, an EA that seems quite nice also). Otherwise nothing is different from MD v1.11. Oh, the font of the info text shown on charts is new (and uglier). 
I’ve added MD Pro to two demo accounts and am currently busy running backtests. I will post results as soon as I have something nice to show.
Update: Fixed a mt4stats account for the Forex.com/UK demo account I’m using for MD Pro. It has the default settings other than that I turned of recovery mode. It has traded quite a few trades already. Link: http://johnrambo.mt4stats.com/
So, it has been two days since the release of FAPT Evolution. It is currently off the market, it was taken out before the 2000 copies was sold because of indications that Dukascopy was getting swamped with questions and applications. Strange that they didn’t anticipate it I think. I ended up with buying two copies, so if you want one, buy it from me for a “nice” price. I’m kidding, I will probably return one. Then it will be resold on the site I think.
So, how is it doing? Well, nothing fancy yet. I’m trading all the pairs (the regular four from old FAPT, EURCHF / EURGBP / GBPCHF / USDCAD) and the first day I didn’t have a trade. Yesterday I had two, one in GBPCHF and one in EURGBP. Both were small losers. So perhaps not the most convincing start. The weird thing is that other people seem to get more trades and winners also. I thought the JFOREX platform where supposed to be much more consistent in trading results (compared to MT4). We’ll see…
I also bought the bridge software now called Trade Converter but I haven’t really tested it yet. Want to focus on FAPT Evolution the first days. It could be very nice though as spreads on the majors at Dukascopy is very tight (EURUSD, GBPUSD and USDJPY most often is 1 pip or less). I’m of course thinking of using it with MegaDroid (Pro or regular) and perhaps GridBot. The problem I think is that we have to find a MT4 broker that has a stream that as much as possible matches that of Dukascopy. Of course it has too be a true ECN. I really think the absolute best thing would have been that the MT4 EAs where fed the ticks from the Dukascopy stream, or even that they would have written a emulator platform inside JFOREX that we would load the EA too (wouldn’t even need MT4 running). But we’ll see how it works out.
This is probably the worst start of a week possible. First FAPT screwed up and left a EURCHF sell position open for 14 hours yesterday, closed with a loss €105 on my Alpari UK account. Luckily Megadroid did well yesterday and recovered most of that loss. Also MD made very nice returns on my Forex.com/UK account.
Well, today is another story… FAPT haven’t made anything basically (well, two orders with €3 profit…) but Megadroid, boy oh boy. It lost me €207 on Alpari UK and $356 (!!!) on Forex.com/UK. It will take weeks of good results to get this back. Crap.
So, other than loosing money it also seems that I lost MD Pro. For some reason I’m not connected to Donnaforex as a affiliate on my FAPT Evolution purchase yesterday (even thou I used her link). So right now it seems I’m not getting MD Pro. I’m talking to ClickBank and Donna. If this doesn’t get settled with me getting MD Pro I’m refunding. So tired of crap like this.
To sum it up. Right now I feel like just running RoboMiner (perhaps on FXCM/UK with their quite nice spreads on AUDNZD) and check in to that account once a month. Don’t even want to see a single $ loss right now. Crap.
Well, at least it did very well on my accounts this evening, night and morning. €18.52 profit at Alpari UK and $36.7 at Forex.com/UK during normal working hours. That doesn’t sound to impressive, but in addition to the automatic chart I run quite a few more as you know by now (using much lower risk settings). So total on Alpari UK was €73.7 and $92.5 on Forex.com/UK. That is almost about 9% profit, in one day.
I also trade in the afternoon with MD. Am I crazy? Well, it seems to work. I run a chart with GMT offset 14 (16 on Alpari UK with it’s GMT+2 timezone). Of course risk setting is low at 0.02.
One thing is still worrisome as MT4 regularly crashes with Forex.com/UK with MD running. I don’t know why, and it only seems to happen to my live account as MD is about to close a order. I’ve of course tried to re-install and talk to support (both at Forex.com/Uk and MD), but no one seems to have any ideas. I’m gonna try switching of the Stealth setting so that MD sets the correct T/P and S/L values. If/when it crashes at least the orders won’t drift off to far.
I am really excited about the new MD Pro that I hopefully have my hands on very soon. It is supposed to trade three pairs and look for scalping opportunities around the clock. Then I perhaps won’t need to run 12 charts of EURUSD anymore 
Update: Got six trades on the GMT 14 chart at Alpari UK and four on Forex.com/UK. All winners
Took out detailed reports for the week from my live accounts at Alpari UK (sporting FAP Turbo, MegaDroid and GridBot) and Forex.com/UK (only running MegaDroid). Not as nice as I hoped, with losses yesterday and today.
All in all, Alpari UK finished at a loss of €44.87 and Forex.com/UK at a profit of $66.87. That is basically a break even if you add it up… What a waste 
Alpari UK live account
Forex.com/UK live account
So, MegaDroid did well on both accounts. FAP Turbo did well on Alpari UK. So what is left? Well GridBot didn’t do well… Again it loses me money. I will really stop trading it this time thou. Next week I expect them to release the new version (2.9) and then I’ll test it again.
Time for a update since the release date of the new creation from FAP Turbo team is approaching, fast. It was called FAP Turbo Swiss the last time I wrote about it, now it is renamed FAP Turbo Evolution. It will be limited to 2000 copies. And it will be released on July 14th at 9am EST (that is 15:00 GMT I think…). The broker is still DukasCopy in Switzerland, which is currently accepting accounts with minimum of $10000 (or equivalent, say €7300 if you prefer the EUR). The price of the software is $599.
So, I will try to get a copy. It is four times the price of the most expensive EA I have bought and the deposit requirement is 7 times what I have put up yet, so it is quite a step up for my Forex “operation”. Hopefully it will meet my expectations…
As a side note I yesterday recieved a email from the MegaDroid team stating that everyone who use their link to buy FAPT Evolution will be getting a new EA from them, for free. It is a new version of the MegaDroid called MegaDroid PRO, and get this, it trades three currencies 24/5! I don’t know if I am more excited about that piece of news or the FAPT Evolution even! MegaDroid is a very stable performer, and I would love to be able to trade it on more than EURUSD. Also, because I currently am trading it 12 hours a day myself by tricking it, I know it can be profitable during more than the dead hours between NY close and Tokyo open. I don’t know if MD Pro is using MT4 or JFOREX platform thou… Would love it even more if it also ran JFOREX at DukasCopy.
Oh, and I almost forgot. There is a war going on between some sites online that offer rebates on the Dukascopy commissions. The top offer right now (and possibly this is where the limit is) is 40% back. Wow, that is quite a lot. Cashbackforex.com is currently “only” offering 35%, but their reputation perhaps make up the 5% they keep. I actually think so, and probably will sign with them.
Found a very interesting piece by J.S Kim on a leaked trading software developed by Goldman Sachs. It can evidently be used to manipulate markets and make GS millions a year (according to the DA investigating the case). Kim speculates that GS is using it in the crude oil sector. And possibly also in stock markets, remember the low volume bear market rally as of late?
Read up here: http://seekingalpha.com/article/147260-goldman-sachs-thoughts-on-the-developing-stolen-trade-secrets-scandal
So, wouldn’t you like that EA? Unfortunately it probably is useless if you aren’t hooked up to COMEX directly and isn’t in possession of the kind of money GS is. But I bet that there are many financial institutions that are interested in getting the software now…
Update: Tyler Durden also covers the story: http://seekingalpha.com/article/147104-is-a-case-of-quant-trading-sabotage-about-to-destroy-goldman-sachs
Well, I don’t know about you, but I’m constantly looking for new robots to make me money. Lately this have reversed a little (since FD2 burned me), but there are two EAs I am considering to buy right now, besides the not yet released FAP Turbo Swiss (should be out by July 14th). They are RoboMiner and Joury EA.
I have run RoboMiner in a Alpari US demo for 6 weeks and at one point I really didn’t think it was working out for along time. It constantly had 10-12 trailing orders with quite large losses accumulated (at one point more than 25% of the account). But the market have reversed and RoboMiner have had a serious payday. During June (in the demo account) it made 38 trades in AUDNZD with profit and had one lingering with a running loss of €20. The total profit was around €800, or close to 15%. RoboMiner is a grid trader and it opens orders without stop loss. This can seem scary, but the thing is that the pair it trades, AUDNZD, is very range bound. The economies of Australia and New Zeeland are both very commodity heavy and they usually follow the same economic swings. This makes there currencies very nice to trade with a grid system (I’ve been trading it with GridBot EA also). The down side is the spread, at Alpari UK it is 20 pips. There are other brokers with lower, but I haven’t found anything lower than 14 pips. A very nice thing is that you can demo RoboMiner (and its bigger brother GT-Shadow) for free. The price is a whopping $495, but you can subscribe to it for $40 a month if you want. I’m considering the subscription. As for broker I think I’m going with Alpari UK because of the 1:500 leverge, with just 1:100 the margin is perhaps a bit to tight to fully trade this EA.
Joury EA is a quite different being than the slow and careful RoboMiner. I haven’t demo traded it but I have gotten input from people who do and who also trade it live. It is a completely mad system that takes many small positions, sometimes hedges them when the free margin is small and sometimes even re-hedge the hedge (like I said crazy). But it seems to work out. The gains are small but quite even. It can trade many pairs but the ones most profitable are GBPJPY, GBPUSD and CADUSD as I understand it. The cost is $197 and it is not a ClickBank product. This is actually why I haven’t bought it yet, I really enjoy the possibility to demo trade during the refund period and have the possibility to return the product if it doesn’t perform well.
I’ve finally opened and funded an account at Forex.com/UK, I will trade it parallel with my Alpari UK account as before. I will start out with just MegaDroid on it, but will get another license for GridBot eventually (when they release the hedging function). Forex.com/UK has somewhat higher spreads at EURUSD than Alpari UK (2-3 vs fixed 1.8), but Alpari UK is going to start offering floating spreads soon (perhaps July). I think this will mean higher spreads for EURUSD, but perhaps lower for GBPJPY, AUDNZD and the likes that now have quite high fixed spreads. Forex.com/UK is offering better spreads almost all the time in GridBots main pairs.
It is still my strategy to have 3-4 live accounts running at the same time, as a way to hopefully diversify enough to eliminate broker manipulation. I am currently running demo at FXCM/UK (I have applied for a live account there also, but haven’t funded it yet). FXCM/UK offers floating spreads with 5 decimals, but for some reason I don’t get my EAs (FAPT, MD and GD) to trade very well there (on the demo). Don’t know why. The spreads are low during the day, but about the same as Forex.com/UK during the Asian session.
I have a demo at MB Trading that is doing great with FAP Turbo (even in GBPCHF) but they’re still in Beta and isn’t accepting new live customers right now. They take commission, but the spreads are amazing.
I am also looking at FxOpen and FXDD, will start demos there soon. I think that FxOpen is more like Forex.com/UK and FXDD more like Alpari UK. Of course I wouldn’t open accounts without the cashback offered by cashbackforex.com, that’s like throwing money away.
On the FAPT Swiss side I’ve found a new website offering 33.33% rebate on commissions, but it isn’t as well known as cashbackforex.com so I don’t know if I’ll sign there yet. Cashbackforex is huge and old in the game, the chance they close down and stop paying you is minimal. The new site there’s no telling with of course. So I still recommend to sign with the 30% cashback. But sure, 11% more in the pocket is real money…
Just a quick post about two free experts that seem interesting enough to start demo trading with. Both are written by Quicksilver. Perhaps the most interesting of the two is called Quik MACD as is based on the LMT trading system (that is praised on some forums I hang around on). The other one is based on a break-out trading system and named Quik DBS.
You can get the EAs here:
http://www.forexnirvana.com/f27/quik-macd-hot-770/
http://www.forexnirvana.com/f27/quik-dbs-v2-802/
I will start a new demo account at Alpari UK for them and register a MT4Stats page. I’ll post it when it’s done here with a update. There are links to statistics in the threads posted above. Perhaps nothing really convincing, but that is not surprising since these are long term strategies and this is just released. Backtests are very convincing, but as we all know that is not the same as a profitable EA, but of course it is a good start at least.
I really would appreciate finding a EA that is trading long term. All the short term EAs I have (that is supposed to be in the market for a few hours at most) are very sensitive to spreads and data stream quality. This makes them very broker sensitive and some of them erratic in their performance. Orders with the LMT system can be open for weeks if I understand it correctly. But we’ll see how the EA does, hopefully we have enough trades in a month or so to at least draw some conclusions.
