Forex Megadroid Review

July 31st, 2009

Since the successes of the FAPTurbo, there have been many scalping robots released into the market that are little more than cheap copies. The majority of them don’t have the track record of successfully profitable trades and this has led people to avoiding them, believing they were rip-offs. Unfortunately the Forex Megadroid was released at a similar point in time and people instantly assumed it was just another knock-off robot. The truth is there is a lot more substance behind the Forex Megadroid robot than meets the eye.

What makes Forex Megadroid stand out from the others? This expert trader is able to be used with any MetaTrader 4 forex trading platform, so this gives you plenty of options for choosing your broker.

This robot trades in the pre-Asian trading session and you’ll find that it offers one extra currency pair than FAPTurbo can offer. The EUR/USD can display reasonable spreads throughout the pre-Asian session so you’ll find that there are frequent opportunities for trades.

This robot is a little more accurate than FAPTurbo or any other robot for that matter. It picks entry points that are a little more accurate than others. It also has a little bit different trading strategy than other EA’s out there. It doesn’t trade as often as FAPTurbo, but it usually gets bigger profits per trade. For example, you might be getting several $5 and $6 winners out of FAPTurbo, but you can expect some $25 and $30 or more winners out of Megadroid. It just won’t trade as often. You will get two trades at the most per day and sometimes one or none.[youtube:RCMoj8fcBmQ;[link:automated forex analysis];http://www.youtube.com/watch?v=RCMoj8fcBmQ&feature=related]

The major difference is that it places noticeably fewer trades, but the win percentage is also reported quite a lot higher too. At a reported 95% trading win percentage this is quite an impressive robot.

This robot doesn’t have a lot of customization like FAPTurbo, which makes it the perfect robot for beginners. You just enter in your receipt number and what you’re willing to risk per trade, and it does the rest. It will even factor in the risk percentage into the stoplosses, so it won’t lose more than you’re willing to risk.

The Forex Megadroid is very simple to install. Once you’ve downloaded the software, you just drag the robot and drop it onto your MetaTrader 4 charts. This allows you to begin trading within only a few minutes.

Overall, this is a very effective robot that can get the job done. It’s similar to FAPTurbo except it’s more accurate and uses a different currency pair. You won’t get that many trades, but you can feel more comfortable about the ones that you do get. Check out Forex Megadroid if you’ve been looking for a consistent way to grow your account.

About the Author:

Popularity: 5% [?]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists

Leave a Reply