The Forex Megadroid Review
from Forex MegaDroid.com
The Forex MegaDroid Review - Product description
The Forex MegaDroid is an MT4 expert advisor that trades based on Reverse Correlated Time and Price Analysis (RCTPA). Based on the research of Albert Perrie and John Grace, the Forex MegaDroid is designed to adapt to changing market conditions to maintain its profitability over the long term.
It is designed to "see into the immediate future and forecast what will happen in the next 2 - 4 hours with 81.26% accuracy". Together with its RCTPA system, the Forex MegaDroid also has a "Broker Busting" technology that allows it to go undetected by brokers no matter how hard they try.
The Forex MegaDroid team also claims that their forex expert advisor is the most profitable and consistent in the market place. To back up their claim, they show an account trading from January 1st, 2009 all the way to the present.
In other words, they show an unbroken trading statement from the time the account was opened, which shows the trading results as the Forex MegaDroid goes through profitable and unprofitable periods. This may be the one differentiating factor from other forex expert advisors who "restart" their trading accounts when their previous ones show losses or go bust.
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Product Research on the Forex MegaDroid Expert Advisor
Forex MegaDroid Trading Activity
From the research that we conducted on the Forex MegaDroid, it's not a system that trades every day. There will be periods where it goes into waiting mode and just sit out of the market. However, comments from users who have stuck to the Forex MegaDroid have expressed satisfaction with the results they have gotten.
Even though the Forex MegaDroid does have the occassional loss, it makes back the losses and more on subsequent trades. So with this particular EA, it appears that it is not the case of making 1,000% this month and then blowing your account up the next. With this expert advisor, it is about making profits consistently over the long term.
Trading Activity Differs From Account to Account (And from Broker to Broker)
One thing that we found out with the Forex MegaDroid is that it places trades based on the individual account. What we mean by this is that one account may have a trade while the next doesn't, just as there are differences between trading a demo and live account. As with most expert advisors, the broker used will also create discrepancies in the price and spread of the currency traded.
However, this is one product that apparently can be traded right out of the box with its default settings. No adjustments are required at all, except for the risk settings. And it is recommended that you don't go overboard with the risk because there will be the occassional loss that comes along (as with any trading system).
Suggestions on using the Forex MegaDroid
While there is a "Broker Buster" mechanism, the developers of the Forex MegaDroid System recommend that you go into your account to change the magic number and comment field every so often. This helps to reduce the chances of brokers identifying your trades and then doing what they do to create havoc in your account.
According to the developers, the best thing you can do with the Forex MegaDroid system is to let it trade over the long term without too much or even any tinkering. With the default settings, the Forex MegaDroid can still be profitable even after hitting into losing trades.
Visit the Official Forex MegaDroid Website Now >>
User Comments and Feedback on the Forex MegaDroid Expert Advisor
These are some of the user comments and feedback that we have found about the Forex MegaDroid on trading related forums on the web.
With Megadroid some weeks have seen multiple trades, other weeks have seen only one trade. I think a couple of weeks I have had no trade. What I can say is that in just over three months Aug - Nov I have had only one trading loss and that was only 0.7 of a PIP. Better that every trade is a winner than more trades with loosers...I am very happy with Megadroid, am trading with suggested default settings and am very happy...
David, Australia ~ http://www.forexpeacearmy.com/public/review/forex-megadroid.com
I purchased this beaut in May and it has consistently made excellent trades using its system when the market conditions are right. I have run it on both default settings and on a risk setting of 0.3... Congratulations to the developers and support team who produced an EA which will be an excellent tool to add to your arsenal.
Roy, Canada ~ http://www.forexpeacearmy.com/public/review/forex-megadroid.com
So many people abandoned Mega droid when it made some losses. Mistake. All traders make losses and so will an EA. But its the way you recover and how you do over time that counts. And Mega Droid can. I know it and I have seen it. Many EA's only go down hill after a loss. Mega Droid constantly recovers and even goes better after a loss...back tested Mega Droid over about 10 years. I have picked bad periods and watched how Mega Droid cope with that. And that's made me confident that Mega Droid can handle losses...be patient and give it time...I'm just a very happy customer.
rjvw1 ~ http://www.forexpeacearmy.com/forex-forum/forex-software/4418-forex-megadroid-com-22.html
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Have you used this product?
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