Since its first launch there have been many Forex Megadroid robot reviews that have declared this robot one of the most successful available.
The claimed 30 years of experience that was drawn upon in order to develop the strategy of this Expert advisor is said to provide a Forex system that is capable of automated trading with an accuracy of over 95%.
So can this system deliver on these claims?
Forex Megadroid Product Details
Product: Forex MegaDroid
Cost: $97.00 ($67.00 see below)
What You Receive: Forex MegaDroid ex4 and dll file, installation and set-up manual, email support
Currency Pair: EURUSD
Timeframe: 1 hour
Guarantee: 60 Day Money Back Guarantee
What’s Behind the Forex Megadroid Trading System?
Forex Megadroid is a piece of automated Forex software which is designed to be run as an Expert advisor in the Metatrader 4 trading platform.
Megadroid trades the EUR/USD pair only on the 1 hour chart time-frame. It follows a straightforward ‘scalping’ strategy with the emphasis on opening quick short term trades each designed to book a few pips profit. Trade entries and exits are automatically exeuted in line with the strategy by the Expert advisor. Once installed no further intervention is required from the trader. Effectively its just plug and play on your account.
Forex Megadroid makes use of a unique patented technology that the makers call RCTPA. This stands for Reverse Correlated Time Price Analysis. This technology empowers the robot with the ability to actively monitor past market conditions. By studying these past movements the robot is able to more accurately forecast future market moves. Megadroid is therefore said to be capable of ‘learning’ over time. The idea here is that the more the robot learns, the more accurately it will be able to time entry and exit points for future trades. This is mentioned in many a Forex MegaDroid review. Whether there is any in truth that this actually increases its trading accuracy however can only be bourne out by looking at its trading record. However the end result of course is that the robots accuracy should increase over time.
How to Use Forex Megadroid
As with all automated Forex software, the Forex Megadroid robot is intended to be left to run on your account once you have made the initial setup. The manufacturers recommend that the robot is run 24 hours a day as a trade can be opened at any time during this period. While you can run Megadroid via a dedicated VPS (Virtual Private Server) nothing special is required and the software runs fine on standard PC with an Internet connection. Trades tend to occur mostly in the Asian session although more recently with the launch of the 1.30 version of Forex Megadroid, trades in other sessions have become more frequent.
Forex Megadroid offers a straightforward setup and install, which pretty much reflects the 5 minute setup pledge made on the website. If you have used Expert advisers previously then expect the setup to be broadly similar. For newcomers the whole process is straightforward meaning that you can be up and running in just minutes. Full setup instructions are in the comprehensive manual provided.
Settings for the robot are provided and are easily configured. A few alternative settings are also provided in the manual offering some minor tweaks to the execution of the strategy. We would however advise sticking with the supplied default settings for the best performance , although a range of ‘non official’ tweaks do exist for the robot.
Forex Megadroid Robot Review – Verdict
There are two key points to understand about this Expert Advisor. Firstly it stands above its peers for its ease of use. The software is well thought out and has been developed to make it usable straight out of the box. The manufacturer’s pledge of a five minute setup process is about right. There is no messing about testing and tweaking settings until you find those with the best performance. You simply install the indicator and add the few settings that are outlined in the manual and you are up and running. This makes it very accessible to newer or less experienced traders looking to add another profitable dimension to their Forex trading.
Secondly performance. If you accept that Forex trading systems often make unrealistic claims of performance in their marketing then it should be no surprise to learn that Forex Megadroid is no different. However contrary to many systems that just don’t deliver, Forex Megadroid does. While expecting to double your account each month is unrealistic, you are likely to see double digit gains on your account quite quickly by employing Megadroid.
This is why Forex Megadroid continues to receive praise from Forex traders. Not only is it simple to deploy it more importantly has the ability to deliver results. With a 95.82% level of trading accuracy that has been consistent since its launch, Forex Megadroid is one of the few trading robots that you really should be using to add a new profitable dimension to your trading.
NOTE: The system is currently being offered for only $69.99 for an offer period!
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Top of Forex MegaDroid review
please i want to buy which is the best mega drion or fap turbo.
1 which has the lowest capital requirement to start trading, 2 which is more protected from the brokers,
3 which one can i close its trade if it is going negatively 4 which is easy for a computer illiterate to use?
send the answer to the 4 question to my box today
thanks
ola
Hi Ole.
These two systems are quite different. FAP Turbo is a much more complicated system and we would suggest that you will need to be more experienced so that you can back test it to find the best settings.
The FAP team have also included an ‘Ickimochu’ version of the robot which trades the scalping strategy only.. we have currently got this on test and will post as soon as we know how its getting on.
Forex MegaDroid is the simpler system to use as it does not require any configuration, other than the simple set up that is documented in the supplied manual. It can go for periods without trading so don’t expect it to be making trades each day. However if you let it run over the longer term then you should see profits.
You can close out of trades with either system but whichever you use, get yourself a good broker and make sure you run it on a demo account to see how it performs before using it on your live account.
Hope this helps!
Hi, I think the price of this EA was changed from official web site. You might consider update your post here to reflect the new price.
Cheers
Hi, thanks for the note. We received notification that this is the case and have updated the above post. We are not to sure how long this discount will last so it is worth while getting this system at the discounted price while you can!
My robot stopped working how can I get the new version