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PIPJET new EA from Megadroid team

hernan68
Jul 11 2012 at 19:26
1 posts
Hello, I m also had large losses in the first week. And the recovery mode seems to play against my account. I checked the Pipjet configuration whith their team support and Daniel Harris, but they recomended to keep the default settings with a risk level of 0.2 and run and look the performance to be evaluated for one or two months. I lost the 40% of my account, and the only winners trades were of 3 to 10 pips. Time server should be checked, although the team support didn t give any recomedation, only wait and see in the long run. I see a hard marketing work, but at the mean while I go ahead studing this EA.

Ronald (ronald123)
Jul 15 2012 at 09:57
5 posts

   Karpukhin posted:
   Crazy Friday PipJet on real -( -3556,32$ ).On this week 3 trades-(+242,23$) and (+106,29$)=At ALL ( -3207,80$ )!!!!!!!!!!!!!!!


LotSize is way too high (around 10-12). You have it set to 0.00, maybe should change that to 0.5 or 1.0 or something... Test it out on a demo-account first (also 'RiskLevel' is something to play with before putting PipJet on a live account).

Cheers

It's all in the mind (this applies not only to trading).
waltrader
Jul 15 2012 at 18:30
2 posts
May be the spread is high, if so , change broker or work with VPS, work with VPS is better than home pc

philex
Jul 16 2012 at 21:04
5 posts
I bought PipJet 3 weeks ago and am a little confused. I understand it doesn't trade on Mondays and Fridays, but I have only seen 2 trades since I set it up. In fact they were both losing trades, not much but they lost. I then started to read a few negative reviews and decided to take it off my live account with $10,000 and put it on a demo account. Since then, I haven't seen one trade. Any feedback appreciated.


phil (phil)
Jul 17 2012 at 05:31
62 posts

philex posted:
I bought PipJet 3 weeks ago and am a little confused. I understand it doesn't trade on Mondays and Fridays, but I have only seen 2 trades since I set it up. In fact they were both losing trades, not much but they lost. I then started to read a few negative reviews and decided to take it off my live account with $10,000 and put it on a demo account. Since then, I haven't seen one trade. Any feedback appreciated.


Iv'e had six trades so far but only 2 where able to beat the commision.

Johan (johannothnagel)
Jul 17 2012 at 17:19
32 posts
Hi Phil,

I also have the Pipjet for about say three weeks - made only 5 trades so far. 4 Big wins and 1 small loss. I suggest you keep it on minimum risk for a while. Like you said, let it run on Demo first then. I have loaded mine straight to my live account as I trust the Megadroid Team. I am also running Megadroid as well, does not trade often, but if it trades it is a minimum drawdowns and slow groing profits. I allways say 'Rather win small than loose big'.

I also had taken of my 'Million Dollar Pips' that are a 100,000,000,000,000,000............. % money waster !!!!!!!!!! It blows about +-$600 a day of my live account. I am very angry about that 😭

Well, Megadroid Team are the Pioneers of EA's. If they make losses, they recover it. MDP's dont recover any losses - they only make the brokers richer.

Johan.


Your attitude determines your altitude
philex
Jul 17 2012 at 21:21
5 posts
Hi Johan - thanks for your input and interesting to hear about your experience with both PipJet and Megadroid. What do you term as a big win? I am not looking to make huge money on this account, but I want to see some progress. I have $10,000 on my live account and I have another EA working there, although not particularly great. GregsSuccessSignals - have you heard of it?

Interestingly enough, I am now seeing a trade on USDCAD. Buy at 1.01221 with a SL and TP at 50 pips. The order went in for $100 a pip so the potential loss and of course win is $5000 or 10% up or down in my account. As I write its down $355.

Whats your opinion of the Megadroid EA?

Johan (johannothnagel)
Jul 17 2012 at 22:09
32 posts
Hi Phil,

My Pipjet also opened a deal on buy 1.01229 - it made a profit of $42.45 on 3.07 Lot size. Well impressive. This EA never made a loss to date.

Megadroid opened also a deal 2 minutes earlier than PipJet but at a huge Lot size 8.45. Made a profit of $109.85. It was nail biting thou 😲

Megadroid for me to date are the best EA's ever. They do not trade so often but they show profits and extremely low drawdowns. I always like small profits - its better than losses 😁

I will have a look tommorow on 'GregsSuccessSignals' - I like live trading so any signal indicator can do for me.

I am looking for 'VpowerIndicator' and 'SuperOscilarator' indicators. Another Robot you can look at are based on Momentum are 'https://www.ifxprofitsrobot.com' - I have bought this EA a while ago - Also no loosing trades to date.

Phil - are you still new in Forex trading ? Because I am as well. I only started live trading in June this year. I have been on Demo's the whole time. Then I deposited $ 24,500 - Well, tell you the truth, Live trading are a complete different ball game for me. I am now 1 million times more scared to go in trades.

Johan.

Your attitude determines your altitude
phil (phil)
Jul 18 2012 at 02:06
62 posts
Hi Johan,
Iv'e traded for a few years now but been with forex for about a year. If your nervous you should trade very small. So small that it doesn't matter. always know how much you can lose on every trade and be comfortable with it.

philex
Jul 18 2012 at 04:31
5 posts
Hi Johan - an update from my side. Pipjet eventually closed the trade on me for a $79.03 profit, but then a new sell order went in 15 minutes after the closing of the previous order and gave me a loss of $19.71. In addition, because the positions were held overnight (by definition of my broker), I had to pay a $30 rollover fee. The net result being a $29.32 profit!!!

My lot size by the way was 10, which is quite large.

I wouldn't say I am new to FX trading, but I definitely have a lot to learn about good strategy and psychology of trading. I am using FXCM´s MT4 on a VPS service and as mentioned been running Greg Stefaniaks EA. I started with 5000GBP and its been up to 6300, but I have had some losses from it. In addition, I was running PipJet on my live account but lost 300 so decided to let it run on a demo for a while to see if it actually produces results.

I also have another manual account with FXCM where I have actually been doing OK at the moment. I am mainly trading the major currency pairs and gold. I use a variety of techniques from positional trading using support/resistance levels, RSI and MACD. I am also using a 10, 25 and 50 EMA crossover technique on the 60min chart. Lastly, been also trying to use a system by an Irish guy who called his system the 3 ducks. Its all about trading with the trend using the 240 minute chart to identify the trend, then the 60 min to confirm the trend and look for the entry points. I then set pending trades with a 1:2 risk/reward ratio and let them sit for 24 hours.

$24,500 sounds like a lot of cash for someone just starting out. Sure, if you have a lot of money then it may not be that much. I have $10,000 on each of my accounts right now. Are you only doing EA trading?

Phil

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