MD 1.21 setting for FXDD

[lora]

Can anyone know what is the recommended setting for my MD 1.21 on FXDD?

Version_1.21=
NFA=??
GmtOffset=??
AutoLocalGmtOffset=?
AutoServerGmtOffset=?
TopPadding=30
LeftPadding=20
_3=Strategy Parameters
Slippage=3

What value shall i set for the ? above if i am using FXDD?

Thanks.

[admin]

Hello Lora,

Here's the settings for my Forex.com/UK account that I recently was running Megadroid 1.21 on... happily I might add and I only moved to MIG lately as my Forex.com/UK account is busy with other trading going on...

The Settings for Forex.com/UK would be comparable for setting up with FXDD... and this account is set for trading at .05 lotsize

Version_1.21=
_1=System Parameters
Stealth=1 - Default Setting to allow Stealth Trading - you need at least Stealth Trading to 1 to get the bot to trade...
Aggressive=1 - Default Setting to allow Aggressive Trading - 0 would disable the Aggressive Trading
NFA=0
GmtOffset=0.00000000 - check to see what this is for your broker - see The Manual
AutoLocalGmtOffset=1
AutoServerGmtOffset=1
S1_Reference=11223344 - change these regularly - like weekly maybe as suggested from The Manual
S2_Reference=44332211 - change these regularly - like weekly maybe as suggested from The Manual
ReceiptCode=XXXXXXXX - this is your own Receipt Code you must enter for one Live License and also for several Demos if you like
_2=Comment Position
TopPadding=30
LeftPadding=20
TextColor1=16119285
TextColor2=13882323
_3=Strategy Parameters
Slippage=3
SendEmails=0
OrderComments=Megadroid 1.21 - this is something I entered in for my info that appears on the MT4 Platform while the bot is trading for me
_4=Order Management
LotSize=0.05000000 - I entered this amount myself to choose 0.05 lotsize
_5=Ratio Order Management
RiskLevel=0.00000000 - I set this to zero so the bot does not decide my lotsize for me
RecoveryMode=1 - this is default to being set to 1 which is on for the Recovery Mode - 0 would disable the Recovery Mode - Recovery Mode makes the lot size double for the next trade after a losing trade so disable this if you do not wish this to happen...

Hope this helps folks set up... any other questions, just ask us...

Colleen aka Admin...

[lora]

i am using FXDD Malta,

Should i set the NFA to true or false?

[Colleen]

i am using FXDD Malta,

Should i set the NFA to true or false?

Hi Lora,

Check page 49 of the Megadroid Manual - there it states that you set NFA to True if your broker has NFA rules in place and False if they don't...

Hope this helps...

Colleen

[lora]

Thanks for the reply.

Anyone here using MD with FXDD Malta? what is the right setting for NFA setting with MD?

as far as i know, FXDD is NFA regulated but they allow Hedging and no FIFO.. i am confuse....

[Colleen]

Hello Lora,

Perhaps contacting Megadroid Support http://www.forex-megadroid.net/support to inquire on the specifics for setting up with FXDD would be helpful to you...

FXDD Malta can be set up with no issues concerning Fifo and No Hedging - so the NFA setting should be set at FALSE

But FXDD/US is regulated by the NFA and you would need to set the NFA to TRUE as your broker has NFA rules in place...

Refer to Page 49 of the Megadroid Manual for more details on this or contact Megadroid Support if things are still not clear...

Hope this info helps...

Colleen