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Robot Adjustment – Welcome MegaDroid Pro

July 16th, 2009 Sam J No comments

OK, well every day is a new day, and it just so happens that today is the day i welcome MegaDroid Pro into my Forex robot list.

This robot trades 4 pairs:

EUR/USD

EUR/CHF

EUR/GBP

USD/CAD

I have it set up on the three EUR pairs with risk levels at: | EUR/USD = 0.6 | EUR/CHF = 0.4 | EUR/GBP = 0.2 |

I had EUR/USD with the old MegaDroid at 0.3 risk level, BUT with this new one, it spreads the risk relative of the amount of pairs you are trading.

I am trading 3 pairs, so it splits the risk by 3. ie. Total risk level over the pairs is 0.6 + 0.4 + 0.2 = 1.2 / 3 = 0.40

I’ve decided to focus on this robot for now, and have removed FAPt EUR/CHF, even though it performed brilliantly last night. (Will show you at the end of the week)

The next trades will be 0.08, 0.05 and 0.03 in Lot Size respectively, so it’s nothing I don’t normally risk.

I’m not one to jump into something without really thinking about it, and I’m ready to put it live.

So, catch up soon for my results :D

Cheers,

Sam J