Recently I have bought the expert advisor “Forex Megadroid“. I have backtested it to see how it is working. It is working good actually. The following is the review of this expert adviser.
I have tested this expert adviser for different years from 2000 to 2009 and for all these years it worked well. I have tested this for the whole length of time from 2000 to 2009 also and the results are given below. In all of my tests for different years it always showed profit.
One of the good thing I have seen in this expert adviser is the GMTOffset setting. I have seen some other expert advisers where you have to manually enter the GMTOffset which they don’t tell you what it is exactly. But for this expert adviser you can leave the default setting which is “0″. If you leave it, it will automatically calculate the GMT Offset for you. If you want you can change it also and test it.
Other good thing is the money management. It will automatically determine the number of lots that has to be traded and manage the money accordingly. If you want you can change this also and test it.
Another good thing is, for all of these years, any year you take the maximum number of consecutive losses are only 2 (for some of the years it is only 1).
Following are some of the points about this expert adviser.
1) This is for EURUSD only.
2) This is for hourly chart only.
3) Back tested results are given for this expert adviser in the expert adviser’s website http://forexmegadroid for the years from 2000 to 2009 but these backtested results my differ from the results you may see as the author of the web site is using metatrader from one particular broker and you may use a different broker’s metatrader platform.
The following are the conditions I have used for testing this expert adviser.
1) I have used $5000 as the initial deposit for testing.
2) The expert adviser is installed and tested as is and the settings were not changed. Tried to change the settings and test it but it is working for some years and for some years it’s not.
3) I used “Every Tick” model for testing this, which is the most precise method for testing any expert adviser.
4) The expert adviser is tested on ODLMarkets metatrader platform. But for a couple of years I tested it on other broker’s metatrader platforms like FXDD and AlpariUK and for whatever years I tested it worked for those also.
The following are the results for different years starting from 2000 to 2009. A final test is made for all the years starting from 2000 to 2009 and the results are shown at the bottom. The results are impressive.
Year 2000:
Year 2000 Results
Year 2001:
Year 2001 Results
Year 2002:
Year 2002 Results
Year 2003:
Year 2003 Results
Year 2004:
Year 2004 Results
Year 2005:
Year 2005 Results
Year 2006:
Year 2006 Results
Year 2007:
Year 2007 Results
Year 2008:
Year 2008 Results
Year 2009:
Year 2009 Results
Years from 2000 to 2009 (Continuously run):
2000 to 2009 Results Continuously Run
The following are the reports that shows you all the trades that were taken by this expert adviser for different years from 2000 to 2009 and also the full report 2000 – 2009. Click on the following links to open them.
The following the report for 2000 to 2009 when the expert adviser is continuously ran from 2000 to 2009 and not for individual years.
Only live test result are dependable please
You can contact me using the contact form on this blog.
Hi Raj,
Have you tried with different settings using live account? Maybe we can share something here… thanks.
Hello Rizal,
I haven’t tried it on live account. Are you trading on live account with megadroid? Can you share your results?
Raj.
What’s Happening i am new to this, I stumbled upon this I have found It absolutely helpful and it has helped me out loads. I hope to contribute & help other customers like its helped me. Great job.