11/01/2010

Unbiased Megadroid Review

Forex Megadroid is one of the most popular Forex trading robots.  It is fully automated system optimized to follow currency markets and execute trades in the clients’ accounts.  

Benefit of this trading approach is that clients can still profit and make money in Forex without any prior knowledge about trading and currency markets.  And for those that are experienced and already have different trading system, Megadroid can help them diversify their income and improve their bottom results. 

But everyone, in order to pay bills, needs to make money consistently.  It is not about one winning trade, but winnings every single month.  That is what this robot promises to do.  Regardless of how you feel and how much time you have on your hands, it works.  It will position its trades, take winnings and losses, all based on back tested formulas that showed spectacular back tested and real time returns.  It can have over 90% of profitable trades providing you with much needed stability as it filters data out using hourly charts and specializes in the most liquid Euro-US Dollar currency pair.

Most systems that accomplish this do it with setting winning targets very low while not enforcing tight stop loss.  This is one of the red fags that people have to look into when considering this system.

In order to convince yourself of its true potential (and company’s lauded returns that are superior to 100% annually), you can open a small or even a demo account with a broker that supports MetaTrader 4 platform which is needed for this program to function.

The company made the set up of the program as easy as possible, and most people accomplish it within minutes.  Proper documentation will make even tech challenged people fell at ease.

Only notable issue with this robot is that its customer service can be slow at times.  They do answer e-mails sent to them, but the answers may come back after few days – it’s and issue most likely created by software’s popularity and demand, and we are hoping that as we write this, the company is working to solve it.

All in all, this EA seems to offer some promise unlike many other ones that are completely useless.  However, the results that were obtained on currencies other than EURUSD are very discouraging and stop us from having a full faith about this system.

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