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The Forex Megadroid Review
from Forex MegaDroid.com
Product Description of the Forex MegaDroid
The Forex MegaDroid™ Trading System is a MT4 Expert Advisor based on Reverse Time and Price Analysis to forecast the immediate future (2 – 4 hours ahead). By accurately looking 2 – 4 hours ahead, the Forex MegaDroid™ then places an order to take advantage of market action to make profits.
Developed by Albert Perrie and John Grace, the Forex MegaDroid™ has a trading accuracy of 95.82% in every single market action. Together, Albert and John bring 38 years of Forex Trading experience in developing the Forex MegaDroid™ Expert Advisor.
With a simple 5 step process to install the Forex MegaDroid™ trading robot, it takes less than 5 minutes to get it up and running on your MetaTrader platform.
What You Get With Your Forex MegaDroid Purchase:
The Forex MegaDroid™ Expert Advisor that:
- Uses RCTPA (Reverse Correlated Time and Price Analysis) Technology
- Based on Artificial Intelligence Trading Advancement
- Is a Multi-Market Condition Performer
- Is Capable Of Seeing Into The Immediate Future (2-4 Hours) With Uncanny Accuracy
- Is Undetectable By Any Forex Broker
Product Research on the Forex MegaDroid System
The Forex MegaDroid™ is a scalping software that takes small profits with larger stop losses. If you don't understand how scalping works, then you might probably be quite upset with the Forex MegaDroid™.
Forex MegaDroid™ also doesn't trade very often, which is a good thing. It has good trading filters that reduce the number of low probability trades, which does help to increase its profitability in the long run.
While Forex MegaDroid™ does have its losses, it more than makes back the losses with subsequent winners. The idea for using this forex trading robot is to give it enough time and trades for the win/loss percentages to work in your favor.
Customer Support
For a start, the Forex MegaDroid™ trades primarily on the EURUSD pair. As the developers add additional currency pairs, they will notify users. The customer support also seems to be excellent so far, with questions quickly answered by the customer service staff.
So far, they have kept up with their promise to offer excellent customer service.
Scalping Is Spread Sensitive
The frequency of Forex MegaDroid™ trades is also dependent on the broker used. Being spread sensitive, it does not take trades when the spread is too large (which is detrimental to most types of scalping methods). It doesn't trade often, with one or two trades a day and some days not trading at all.
Running Back-Tests
There are several settings available in the Forex MegaDroid™ EA, some of which you can tweak for customized settings.
When running backtests on the EA, there are some settings that you will have to adjust to get accurate trading results due to GMT offset times. This is explained clearly in the trading manual. If this isn't done, then you might end up with very different trading results. Using data from different brokers is also likely to give you different results.
Our Verdict on the Forex MegaDroid System
Don't expect a lot of trades from Forex MegaDroid™. The most noticable thing about it is it doesn't trade very often. It can go days, or even weeks without trading. And then sometimes it trades every day.
It is also mainly a scalper, which brings along with it the advantages and disadvantages of scalping (i.e. frequent small wins with few larger losses). However, if you manage your risk right by not overleveraging your account, users have reported that they have made their losses back with profits.
If you are a trader who does not need an expert advisor that trades frequently as long as it is profitable, then the Forex MegaDroid™ might be a very good fit for you. Once you have set it up, you may then want to complement your trading activity with other EAs that trade more often, or with some form of manual trading.
Visit the Official Forex MegaDroid Website >>
User Comments and Feedback on the Forex MegaDroid System
These are some user comments and feedback that we found on the Forex MegaDroid system:
"...I've been running this software live for less than a week on InterBankFX.com and already had three profitable trades..."
Portion of actual user review on dreamteammoney.com
"Well, this is a very interesting robot. It doesn't make too many trades but it has a very high win/loss ratio...The result of a 3 year back test was extremely positive...The robot turned $ 1,000 into $ 30,000 in 3 years..."
Portion of actual user review on forexpeacearmy.com
"...System appears to wait for a steady range & trades within it. The creators of the robot claim 95.82% accuracy & the ability of the EA to see the market 2-4 hours ahead. Setup is easy - I have tested the support & so far response was good. One feature I'm concerned about is the EA's switchable "Recovery Mode" to double the number of lots after a loss until the loss is recouped - I observed this after a loss and it did function ok but what if you get a second or third loss or if your risk level is already set fairly high..."
Portion of actual user review on forexpeacearmy.com
"Don't expect a lot from MegaDroid. The most noticable thing about it is it doesn't trade very often. It can go days, or even weeks without trading. And then sometimes it trades every day."
Portion of actual user review on forexpeacearmy.com
Visit the Official Forex MegaDroid Website >>
Have you used this product?
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