I was asked about my reference to the spreads for the two demo accounts I’m running, FastFX & FxPro. Here’s what I have showing.
Screenshot of FastFX chart running Forex MegaDroid
Screenshot of FxPro chart running Forex MegaDroid
Am I incorrect when I say the spread for FastFX is 2 and FxPro is 20? I’ve been confused before so help me understand if that’s the case this time.
Thanks,
The Forex Noob
I took the time to look more closely at my trades from last night and see that I missed a Forex MegaDroid trade.
On my FxPro demo account MegaDroid made a trade:
Buy .1 @ 12:37a @ 1.33970, Sell @ 1:58a @ 1.34031 for a profit of $6.10
On my FastFX demo account it traded:
Buy .4 @ 1.3398 @ 12:37a, Sell @ 1:59a for 1.3403 for a profit of $20.
Buy .4 @ 1.3391 @ 1:16a, Sell @ 2:03a for 1.3406 for a profit of $60.
That means that my Mega Droid is up $126.10 over the past 8 days and FAPTurbo is heading down faster then originally believed.
A couple things to note: 1) Forex MegaDroid is loaded on my FxPro and FastFX accounts. FxPro consistently have spreads in the high teens while FastFX spread is 2 pips, this is why I put the Droid on both accounts. 2) Since MegaDroid is on my FastFX demo account FAPTurbo long term is not running. This coud certianlly effect FAPTurbo profit/loss. 3) I had a number of open positions on my FxPro demo account so Mega Droid trading may have been effected by the available margin. Both demo accounts are set up with $5000.
Each morning I post an update on the results of FAPTurbo and Forex MegaDroid I have running on demo accounts. There are a lot of claims out there for both of these forex robots but few apparent real traders reporting on their results. I hope this help other noobs when deciding whether to purchase FAPTurbo and/or Forex MegaDroid.
FAPTurbo made 8 trades last night netting -$31.86. FAPTurbo continues to give back the gains from the first two days. The demo account it is running on is currently up $211.67 since 3/18. The first two days it gained $438 and has fallen since.
Yesterday after much trouble getting Forex MegaDroid started (error 126) I reinstalled a 6th time from a saved zip file and get it running last night around 7p. I did finally receive a response from Forex MegaDroid Customer Service at 7:11a, 21 hours after submitting a ticket. It made no since at all suggesting I rename the MegaDroid.dll file as MegaDroid.dll. What?!??
I’m not sure what the issue was, corrupt file, glitch when starting….it sounds like they are unsure what error 126 is as well. And 21 hours to respond is a long time.
As for Forex MegaDroid trades last night there were none. Yes it’s running properly. At least all indicators are showing it is running. I’m curious how they claim to have a 62% gain since launch when I have been running the bot since the launch day and have one trade for $40 gain. OK, I lost the first day becauseI neglected to set my risk, something that should be addressed in more detail in the manual.
In any case, my trades were up $482 this morning and FAPTurbo and Forex MegaDroid are trailing far behind.
