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Forex Megadroid Review Automatic Trading

Thursday, July 9th, 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 the Forex Megadroid stand out from the rest? Forex Megadroid is an expert advisor that integrates easily with any MetaTrader 4 trading account. This means you’re able to choose your options when it comes to brokers.

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.

One of the minor differences with the Forex Megadroid is that it doesn’t offer the same level of customization that the FAPTurbo can offer, however this can make it much easier to use for novice traders. The robot makes your trading strategy very simple. You just input the amount you’re willing to risk with each trade and the robot will factor in your risk tolerance levels with each trade placed, including stop-loss trades.

If you’ve never traded on the forex market before, then this robot is ideal. The easy to follow guide can show you how to get your account up and running with your robot so you could be making profits within minutes.

In conclusion, the Forex Megadroid can be an amazingly effective robot that will help you generate solid profits. There are distinct similarities to the FAPTurbo, but this robot is considerably more accurate in picking entry points. While the amount of trades entered might seem lower, the consistently higher accuracy of trades picked makes this robot an ideal choice for anyone wanting to succeed with forex trading.

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