subject: Foreign exchange Megadroid Review and Test Results [print this page] Foreign exchange Megadroid Review and Test Results
Automated Foreign exchange trading is becoming an rising number of popular. And it is no shock that there at the second are many different robots which might be available that can trade currencies automatically.
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Nevertheless, solely a select few are capable of do it with constant success.
Foreign exchange MegaDroid is considered one of these new and reliable trading robots. Listed below is a brief overview behind this Forex tool and a overview of my own trading results.
The Logic Behind MegaDroid's Trading
As you might know, many trading robots are profitable solely whereas they are new. When market circumstances change, these robots usually lose money. Individuals who programmed MegaDroid declare that the logic behind it is based mostly on what is known as "market adapting intelligence". As market situations change, we're going to find out sooner or later if this EA is capable of adapting well.
Another interesting thing about this robot is named "Reverse Correlated Time and Price Analysis" (RCTPA). This algorithm is designed to forecast value movement inside a time-frame of two to four hours.
Quick Overview
In actuality, there is no "Holy Grail" in Foreign exchange Trading. Still, some tools could have the potential that will assist you succeed in the Forex market. MegaDroid may be one in each of them.
Advantages
Takes Solely Excessive Likelihood Trades
I am testing this EA for greater than a month and apparently sufficient, it did not have a single losing trade. This doesn't suggest though that it'll not have any losses within the future.
Automatic Money Administration System
This is an choice that lets you set automatic place sizing, based on your chosen danger level. It also has an option to set fastened place size.
Stealth Mode
This mode hides your S/L and T/P ranges out of your broker. However, this mode could be harmful in the occasion you lose connection to the server, leaving your position unprotected.
MegaDroid Disadvantages
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Since a high success price means waiting for the right set-as much as occur out there, MegaDroid would not trade very often. On my account, it averages 1 trade per week. Other people report larger frequency of trades, which in all probability is dependent upon brokers' options.
Value
MegaDroid Skilled Adviser prices $97. Is it costly or not? Effectively, for one thing simple like a piece of code for MetaTrader, it might appear high. For my part though, if it is going to proceed to make profit on the fee it's doing now, it's effectively well value the price.
My Results with MegaDroid
As of so far, my Foreign exchange MegaDroid is operating for five weeks on a $5,000 account. In that span of time, it has made me a revenue of $160. That makes a three% return which may seem a little bit at first, but for utterly automatic trading, it's undoubtedly a great result.
Click here to Forex MegaDroid Robot Download
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