We report the final analysis of a search for microlensing events in the direction of the Andromeda galaxy, which aimed to probe the MACHO composition of the M31 halo using data collected during the 1998-99 observational campaign at the MDM observatory. In a previous paper, we discussed the results from a first set of observations. Here, we deal with the complete data set, and we take advantage of some INT observations in the 1999-2000 seasons. This merging of data sets taken by different instruments turns out to be very useful, the study of the longer baseline available allowing us to test the uniqueness characteristic of microlensing events. As a result, all the candidate microlensing events previously reported turn out to be variable stars. We further discuss a selection based on different criteria, aimed at the detection of short--duration events. We find three candidates whose positions are consistent with self--lensing events, although the available data do not allow us to conclude unambiguously that they are due to microlensing.