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Forex Megadroid Feedback – The Two Sides Of The Robot

June 4, 2010

So much has been heard about Forex Megadroid recently, a currency trading robot that is famous for its very high accuracy rate. Pretty high in comparison to other products in the market. But don’t take the claim at face value, read a forex megadroid feedback and see if it really is sticking to its claim.

Since it went public a couple of years ago, Forex Megadroid has received numerous feedbacks – some good, some bad, some neutral. Below is a summary of basically the most typical reviews on Forex Megadroid.

{The Good}

{Survivability to most market volatility} – The main benefit of using Forex Megadroid comes from its capability to survive in market volatility. Nearly all trading robots in the market do well in the specific market conditions they were made for. However once the market changes, the robots begin to have very low winning strategy.

This common flaw does not apply with the Forex Megadroid.
This robot is designed to withstand most, not just one, market volatility. It uses a stoploss that matches with the average winning pips of your account. It also maintains a risk-reward ration of 3:1 and adopts a slow trading strategy that has the capability to protect your account from draining due to changes in the trend. When the risks are high, the robot limits its trading to lessen exposure to profit-draining trades. With this robot, you are ensured that your risks are calculated well before your money is traded.

{Uses RCTPA or Reverse Correlated Time and Price Analysis} – RCTPA is just a fancy name for the robot’s capability to approximate the trends in the next two to four hours. But, what’s fancier than a robot that is so intelligent, it can adapt to existing market changes.

Most forex trading robots have the capacity to generate decent profits in a specific trend and usually, everything works until the trend suddenly changes. This is where Forex Megadroid fares very well. The RCTPA technology permits the program to adjust according to the dynamics of the market. Thus even when there are new trends, the robot can still bring in good profits.

{Uses latest technology} – As the newest robot in the market, Forex Megadoird has the advantage of knowing the flaws of previous forex trading robots and work on them.

{Quick installation} – In less than 5 minutes, you can already have the Forex Megadroid working on your computer, given of course that you already have the Meta Trader 4 platform on your computer. If you haven’t worked with this platform yet, learning to work with Forex Megadroid may take more time.

{The Bad}

{Only trades in one currency} – Forex Megadroid only trades using EUR/USD; a major drawback, indeed.

{Does not have a demo} – Forex Megadroid also does not come with a demo account.

{Works only when you’re online} – Forex Megadroid basically does not work when you’re offline and if your computer is off. You can, however, get around this problem by paying for remote hosting services that will monitor your account for you. Although doing so may cost you some good cash.

{The Verdict }

Forex Megadroid is built with superb and latest technology as well as a new technology called RCTPA. With a cheap price tag and no subscription fees, this seem like a very good deal. What’s even better with this software is that it comes with 60-day money back guarantee which you may avail if the software performance unsatisfactorily. In general, this forex megadroid feedback -based review recommends that you try this robot.

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