- Forex Robot: Forex Megadroid
- Developed by: Albert Perrie and John Grace
- Trading Style: Scalping EUR/USD
- Platform: MT4
- NFA Compliance: Yes
- Cost: 67 USD (one-time)
Forex Megadroid Review at FxPros
The Forex Megadroid is a Forex-scalping Expert Advisor for MT4 and ZuluTrade platforms designed in 2009 by John Grace and Albert Perrie. Since then it has proved significantly popular among traders all over the world and has sold tens of thousands of copies. Forex Megadroid is an expert advisor designed to trade exclusively EURUSD under any market conditions.
How does the Forex Megadroid Forex Robot work?
The Forex Megadroid is based on RCTPA technology, which means Reverse Correlated Time & Price Analysis. This feature allows the Forex Robot to compare and analyze currency prices in different markets. The Forex Megadroid algorithm measures current market conditions (demand and supply) and generates forecasts about how the market will perform in the next couple of minutes.
Forex Megadroid Basic Features
Here are the basic features of this popular Forex expert advisor:
1. Scalping EURUSD
2. Time frame used is H1 (one hour)
3. The robot incurs a built-in mechanism to make it invisible to Forex brokers
4. Start Trading using this Robot with as little as $5
5. Smooth performance even when trading in highly volatile Forex markets
6. Reverse Correlated Time & Price tag Evaluation Technology (RCTPA) for trading any market conditions
Forex Megadroid Past Performance
Forex Megadroid shows a strong past performance when it is backtested using the MetaTrader4. Backtesting performance is one of the greatest advantages of Forex Megadroid, but past performance should not be considered as a guarantee for future performance.
Forex Megadroid Basic Settings
Forex Megadroid offers an easy and Straightforward Setup. The Forex Megadroid can be used on a Demo account before trading for real money. As with every other Forex scalper, traders must use the Robot only with ECN / STP brokers offering fair terms and narrow spreads. It is better to start using the system in a Demo account and then move to a real account. In any case, it is again recommended to use this Forex scalper only with high-competitive ECN Forex Brokers.
Forex Megadroid Review Conclusions
The Forex Megadroid is a very popular expert advisor specially designed to trade EURUSD. It shows a very good past performance and it is designed to trade any market conditions.
How much does Forex Megadroid Costs?
The Forex Megadroid costs $67 and that is a one-time fee.
■ ForexMegadroid.com EA Review