Forex Megadroid is another forex trading robot which was released in April 2009. Similar to FAP Turbo, it created quite some discussion on the internet. Is it a real money earning robot? Or is it another scam? Well, we are here to tell you.
We have done some back-test with the Forex Megadroid automated system. The robot is trading Euro/US dollar pair but doesn’t depend on spread. The machine claims to have artificial intelligence which sounds like sci-fi movies. Nevertheless, the program does employ sophisticated RCTPA technology to choose the most suitable stop loss price calculating numerous factors including market volatility. RCTPA stands for Reverse Correlated Time And Price Analysis. It is created by the founders of Forex MegaDroid, Albert and John. They created this masterpiece with 38 years of forex trading experiences, supreme knowledge and undefeated will. They deserve respect for giving this to the world.
Of course, no forex trading system can claim that they can 100% guarantee you to profits all the time. But in our and others back-tests, it shows pretty good results.
Many people on the internet are debating that whether Forex MegaDroid is better or the famous FAP Turbo. Our comment to this debate is that you don’t have to compare them. The only concern of a real trader should be profit potential of a trading system. We have no reason to give up a system which automatically earns 10 bucks for you everyday just because we found another one which has the potential to earn 12 a day. A mature trader would gather all of them and let them work for you simultaneously so that they can hedge fluctuations with each other and reduce the overall risk. When one robot is losing that day, another one can cover it with its profit give you no losing days.
So what do you get when you order the package of Forex Megadroid? First, you got to download the program. You can choose to download the manual and the robot files one by one or together in a zip file. There is a long pdf file instruction with 78 pages. The main part in it is to help you get started including basic information like how to setup up your trading account. If you have some experience with forex trading, you can skip this part.
You should first trade with a demo account to familiarize yourself with the settings first. And one point you should remember is that you should avoid trading real money during major public holidays or even around them due to the small trading volume and the weird market behaviors. It is always good to minimize uncertainties.
You would also need a EUR/USD chart. Setting about risk level is also important. They claim that MegaDroid robot has exceptional success rate with very small probability of consecutive losing trades which is quite true according to the back-test and users comments. However, it offers a recovery mode which aims to recover any lost trade by doubling the next trade until the loss is recovered. I personally doubt it because according to my statistical knowledge, this set converges to negative infinity unless the chance of winning is especially high. But we have to test about it to see if it works.
Overall, we think the Forex MegaDroid is worthwhile, but like we always mention, you should try it with demo account before risking real money. We are going to test it further and will release latest results once we got them organized.
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