Forex MegaDroid
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Forex MegaDroid is the first trading software to use Reverse Correlated Price and Time Analysis (RCPTA) technology which is the latest trend in Artificial Intelligence use in trading systems. This system allows for the best accuracy that has ever been achieved.
For that reason Forex MegaDroid is not a scalping software, it makes very accurate trades and its trading frequency can be as low as one trade every few days.
Among the other unique features, Forex MegaDroid has a broker ani-fraud mechanism. It is not a secret that brokers can employ techniques to trade against the clients, and any automated software falls victim for that. Forex MegaDroid claims to have build a protection against that. In my opinion that is simply achieved due to its accurate, slow yet consistent nature of functioning.
Here’s a quick breakdown of all Forex MegaDoids’s features:
- Cost: $149
- Setup: 1 click installer
- Guarantee: 8 Week 100% Money Back
- Currencies supported: EURUSD
- Demo account: Yes
- Positive to negative feedback ratio: 100%
It’s important to note that the software doesn’t trade on Fridays, Sundays and Holidays. The authors claim that the system is able to at least quadruple every dollar invested, but I wouldn’t count on that as the promises are set high as rule of thumb.
Overall, Forex MegaDroid is slow yet very accurate trading robot ever made and its price is lower than most competitors. There are no complains and we have seen it making profitable trades, so it is definitely worth a try.
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This is not a full review of Forex MegaDroid. If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps.
Comments
[...] up is Forex MegaDroid. It’s only a few months old but has already made itself a place. It is an automated EA just [...]
Have tried this robot. What a safe way to trade. It don’t trade much, but when it does, you win. Definitely for long term profits.
What broker do you recommend to better use forex megadroïd and what can be the minimum investment.Are there any computer requirements?
thanks a lot
boko
They recommend FXDD. As far as the computer requirements, it all comes down to Meta Trader 4 which has these requirements:
Windows 2000 / XP / Vista
2.0 GHz or faster CPU
512 MB RAM (1GB recommended)
Screen resolution 1024×768 or higher
Modem/connection speed 36.6 Kbps or faster
Internet Explorer version 7.0 / Mozilla FireFox 2.0 or later
I definitely think you can get away with much lower CPU and RAM specs, though.
My broker uses a propriatary trading platform. Is magadroid compatible with any broker’s platform? even when prices display 5 digits?
Thank you,
Pascal
I’m afraid it won’t work on a proprietary platform, it needs MT4. The only thing you can do is run it on demo account and copy the trades.
hi i was wondering, you said that it won’t trade on fridays or holydays, so can I turnoff the computer then or have 2 leave it on still?
Dear Sir,
I am totally new in the mart of forex trading and i only know the word forex , how far the forex megadroid is good for a beginner like me ,
more over do i need to keep my PC on for this robo to operate even if i am not am at home, i am asking this i don’t own a PC i am operate from a cafe .
Pls reply to me
You need to keep the PC running, otherwise you’ll have to use a service that would run it for you (like ForexHoster).
As for being totally new, it would work, of course, since the idea of all robots is minimal human intervention and knowledge. But perhaps you’d benefit more from a program that also teaches trading, such as Forex Rebellion or even a full course like Forex Income Engine.
1. Is it all enter trade come with TP & SL (fixed)?
2. What happen if there is a power failure or internet connection problem on my computer while some trade active?
Dear Admin,
Thnx a lot for your comment am zeroing on Forex Megadroid or Fab Turbo, just to make another few days goggling around the correct and genuine feedback, i operate from a cybercafe in India, i don’t own a pc that why i wanted to know whether its necessary to keep my pc on 24 \hours.
Am looking for earning of around 500 to 900 dollars per month that’s my goal and i am happy with that winnings.
Can tell me few sites where i can get genuine review on the same forex bots.
Suresh
You are the rare one in this Forex jungle which is full of scams and deceits. I read some of your comments and I think You gave honest advice which is the rarity in this business. Thank you and please keep it up! We all need this!
Hi, I am from Mongolia, i now less about it. But my friends used another Forex robot (not Megadroid)and failed. How much do i have to invest minimum? Will it really quadruple my investmant. I am really looking forward to find something to make money. I saw the robot price was 197 on the net when i visited on your site? But stated $97 above?
Pls clarify?
Regards.
Elaman
Sorry, the price has increased recently, looks like it’s $149 now.
You don’t need much to invest, it depends on the broker, usually some $50 may be enough. But I shouldn’t have to tell you that you should test it well on demo account to see how it work for you, if you decide to get it.
Has anyone tried ForexNitro? It looks promising, supposedly better than Megadroid? I would be interested in hearing anyone’s comments.
Peter
Have Megadroid now for 5 months and have only 1 loss so far.
I use fxopen as my broker.
If you want to trade safe, use Megadroid.
I use a VPS server. So, my MT4 platform is always online.
I have megadriod. I started trading and the first trade was a loss of $1250
I then decided to backtest it using every parameter possible. It did make a small profit of about $2000 for the year. I noticed that it makes a number of good trades, and then this is folwed by a huge loss. So the profits are wiped out for another month.
The rediculous claims of 600% per annum, are ficticious. A realistic profit would be in the vicinity of 50%
Its not a good robot. It will take most people a year to wake up.
hi there, i just want ask you, can i use fap turbo with any plataform? i mean, i want to use it with this broker (cms) can i???????
Fapturbo works pretty well. Iv been usinh it for four months now and its making profits.Just wanted to make sure about forexmegadroid. I saw a comment above saying its not a good EA.I got a mail from the fapturbo guys saying you could use fapturbo in unison with megadroid and it will make good profits. Would like to confirm this.
Good day,
Which software is best used when you can not guarantee constant power supply? I mean that you do not have to keep your computer running?\
Tnaks
Aham
I’ve been using Megadroid for a couple of months now on a live account after testing on a demo. Well, it is slow and steady and makes mostly winning trades. However, occasionally it will make a ridiculously big loss as it did a couple of weeks back and my account has been wiped out now. The droid is infamous for these big losses, some folks haven’t suffered as bad as me, but some have. It has v small TP and gigantic SL.
I’m not keen on it anymore!
Hm, I think MT4 is Windows only. So you’d need to run something like Parallels on Mac, run Windows on it, then you can use MT4 and any EAs.
Personally I have been using Forex Megadroid for some time and have found it very reliable. It’s not a fast and furious trading bot but over the long term will and does produce good consistent profits. Its money management settings allow you to set the risk levels you prefer and once done it will set its lot sizes accordingly.
I tried megadroid seems to be better than a lot but as someone else said it makes small wins and big losses.
How about forex Nitro, is the fxnitro robot still working well? Or how can you rate it when compare to other forex robots out there?
when people say it makes huge losses, can’t i set my SL proportional to my gains so that I don’t become too exposed?
I would think you could change the stoploss by opening the ticket after the trade opens and go to type then to modify order and reset your stoploss and your done. So far since oct 09 I have had one loss on my demo and live account. It opens trades In the evening between 6 and 8 it seems. I have also closed trades manually.
Great features! Is this also advisable for beginner traders? Thanks.