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Algorithmic Trading

Learn to trade with algorithmic systems and explore reviews of automated Forex trading platforms.

Forex Megadroid Robot Review

Forex Megadroid

  • 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 Website

Forex Megadroid Review – FxPros

Forex Megadroid is a Forex scalping Expert Advisor (EA) originally launched in 2009 by developers John Grace and Albert Perrie. Built for the MetaTrader 4 (MT4) and ZuluTrade platforms, it quickly gained global popularity, with tens of thousands of copies sold. This EA is designed specifically to trade the EUR/USD currency pair, adapting to various market conditions with its proprietary trading logic.


 

How Does the Forex Megadroid Work?

Forex Megadroid operates using RCTPA technology—short for Reverse Correlated Time and Price Analysis. This advanced algorithm evaluates time and price data across multiple markets to forecast short-term price movements. It measures current market dynamics (supply and demand) to generate precise predictions for the next few minutes—ideal for scalping strategies.

Forex Diamond Robot Review

Forex DiamondForex Diamond Robot Review

  • Robot: Forex Diamond
  • Trading Style: Scalping GBPUSD, EURUSD, USDCHF, USDJPY
  • Platform: MetaTrader4
  • NFA Compliance: Yes (Settings)
  • Cost: $267 (free lifetime updates)

» Download Forex Diamond from their Website

 

Forex Diamond Expert Advisor: Comprehensive Overview

Introduction

Forex Diamond is a sophisticated MetaTrader Expert Advisor specializing in GBPUSD, with additional capability to trade EURUSD, USDCHF, and USDJPY on a 15-minute timeframe. Developed by the creators of Forex Wallstreet EA, this system launched in late 2013 with a focus on adaptive trading strategies.

How Forex Diamond Works

This multi-strategy EA intelligently combines different approaches to capitalize on various market conditions, executing an average of 3 trades per day. Unlike many EAs, Forex Diamond self-optimizes, eliminating the need for manual adjustments.


High-Frequency Trading

Understanding High-Frequency Trading: A Closer Look at Millisecond Markets

High-frequency trading (HFT) has sparked significant debate in financial circles, especially in the US and UK, where some regulators and market participants have labeled it as potentially unethical. This modern form of trading leverages speed and technology to gain an advantage, sometimes executing trades in milliseconds, well before the broader market has time to react.

Here’s an insightful overview of HFT and its implications.


 

What Is High-Frequency Trading (HFT)?

High-frequency trading is a type of algorithmic trading that uses advanced computer systems and ultra-fast internet connections to open and close trading positions in mere milliseconds. This is why it's often referred to as trading in the "millisecond markets."

 High-Frequency Trading

HFT systems are designed to detect small market inefficiencies or price discrepancies and execute a vast number of trades in a very short time—sometimes thousands per second.

Million Dollar Pips Review

Million Dollar PipsExpert Advisors on FxPros: Million Dollar Pips Review

Million Dollar Pips is an automated Forex scalping robot developed by William Morrison, designed specifically for trading the EUR/USD currency pair on a 1-minute chart. Known for its tight risk controls and high-frequency trading strategy, this Expert Advisor is fully compliant with the US National Futures Association (NFA) standards.

Overview: Million Dollar Pips EA

  • Developer: William Morrison
  • Trading Strategy: Scalping on 1-Minute EUR/USD Chart
  • Trading Platform: MetaTrader 4 (MT4)
  • Regulatory Compliance: NFA-compliant
  • Pricing: $99 (One-time payment)

» The Million Dollar Pips Website


How Does Million Dollar Pips Work?

Million Dollar Pips operates as a scalper, executing rapid trades on the 1-minute EUR/USD chart. The robot is programmed with a low risk-to-loss ratio, placing stop-loss orders close to the trade entry point. It actively scans the market for favorable conditions and initiates trades based on short-term price breakouts.

Each trade includes predefined Stop-Loss and Take-Profit levels, dynamically adjusted based on current market conditions. As with most scalping robots, Million Dollar Pips performs best when left to operate without manual interference.

Forex Sakura (EA) Review

Forex Sakura Robot Review

  • Forex Robot: Forex Sakura (Japanese Style)
  • Robot Style: Scalping EURUSD, USDJPY in H1 Timeframes
  • Platform: MetaTrader4
  • License: 2 Real Accounts
  • Cost: 98 USD (one-time)

This is the review of the new Forex Sakura Robot.

 

Introduction to the Forex Sakura

The Forex Sakura is an innovative Forex Robot that works on MetaTrader4 and trades only two Forex currencies (EURUSD, USDJPY) in a fully automated mode. The robot offers easy installation and configuration, but for those wishing to customize it, it offers many options to fit any trading style. The robot incorporates unique filters as the News-Filter, which allows the avoidance of trading during days of important news. The robot also uses additional filters to avoid high spreads and to avoid trading in sessions without strong trends (flat markets). Overall, what characterizes the Forex Sakura is its ability to perform selective trading and adapt to any market conditions. The selection includes trading hours, stealth mode, spread control, sensitive TP and SL, and many other filters as presented below.