I've been trading with Midas for a couple of weeks or so now.

I must admit I could have picked a better time to start using it :)

For those that don't know Midas is a grid based martingale system. It relies on the market eventually retracing and closing out your positions.

So, doesn't work too well during black swan events!

I was running both the 'standard' Midas as shown in the Midas 1 account. I started it with six pairs and with £5000 capital and a starting lot of 0.01. So about 10% of the risk that the original Midas 1 account started with, so I thought it would be pretty safe.

Not so! I closed it down today £3400 poorer. I'm sure if I had left it on it would have been totally wiped by this evenings sharp moves.

I also tried the Set-Time variant of Midas and used the same settings as the Midas demo account. i.e. starting capital of £1000 and starting lot size of 0.1. This made me nearly £1000 in it's first week. Which I withdrew. I then had to reseed £400 in the second week as it became evident that the Set Time strategy can't keep up with fast market moves and leaves trades 'orphaned'.

It made some more then lost some more. I eventually switched that one off about £500 up overall. If I had left it running I know that it would have been wiped over the last two days.

So, all in all. You have a choice Midas or the Casino. It's your call.

Ah yes Thursday wiped me a couple of accounts. I'm intrigued how MIDAS1 performed Thursday though, making a 236%+ profit over a 24 hour or something!

I like idea most of the time the set-time/Low Deposit settings were I double small deposits before being wiped out on Thursday so drew my monies out every time I doubled. Maybe leave now for few days before starting again, don't want to experience again when steep up climb of euro has confidence!

I here not just Greece problem may have caused big dip, also dodgy dealings in wall street saw 1,000 pip drop in one half of hour and also the election in UK, authority investigate dodgy dealings in USA!

racheltan posted:
    pcmultifx, which robot did your use that produced such amazing results ?


This is my private EA to trade managed account with.

I think the key is in the word private

Here's a quick question to ALL EAs, why are you not going out to Hedge Fund boys with 6 months of audited numbers with say a 100k starting balance, if they're so good wouldn't you assume that you'd be able to get at the very least one to two million dollars of trading capital???