Forex MegaDroid


Forex MegaDroid ScreenshotForex 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:

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.

(Read more on the website...)

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If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps.

Comments

Great features! Is this also advisable for beginner traders? Thanks.

Yes, it is. Most of these robots are made with the beginners in mind.

[…] 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?

Yes, you can turn it off.

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???????

sorry another question, this robot called fapturbo works in real time or just demos????? thanks!

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.

can I run megadroid in windows 7?

Probably. It runs on MT4, so as long as that works, megadroid will work too.

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!

can i use Megadroid on my Mac?

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?

any better robot then megadroid

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.

I’m insterested in trading with robots but I hesitate between fapturbo and forex megadroid.there also the problem of power shut down while the trade is on. I got the information of a server but it is costly. I need to be advised and get i touch with people who use these robot and win thanks

Admin,

This is addressed to you. Do they have any upsells after you have paid for the Megadroid?

I’m 99% sure there are none, but don’t shoot me if there appears to be something after all.

I have been using the Megadroid now since the beginning of 2010 starting with ver 1.21 to the present revised ver of 1.30
and as such have been pleased with it’s overall performance. Every trade made has been posted on my blog for anyone interested. As for brokers I use GoMarkets in Melbourne Australia who have been particularly helpful as an advisory capacity as have the forex megadroid support team. If you have any questions on Megadroid by all means drop me a line. David

I was on the website and there is no purchase price or info, how can i buy this software.

You have to keep clicking the “Click Here To Read More” link at the bottom of every page until you finally get the order button.

thanks I found it.

I think the old version of Forex Megadroid is better. There were not many shops, but the gains were better. Forex Nitro now I have a week. So far, no trade was opened. The support has only responded when I wanted my money back. Forex Nitro I can not recommend. Forex Robot No Name Bot is also a complete fraud. Karl Dittmann says, with each new product, you need nothing more. Why every 14 days a new product comes from him on the market. I think he thrives on the sale of the products.

Hi,
I am thinking of buying Megadroid. Can you set it to limit your loses. i.e if you had an account of say £300, could you limit it to loose no more than say £25 on one trade?
Though I have done a little reading on the subject, I am pretty green! I could see myself getting wiped out if it suddenly made one of its large losses. I am not expecting to get rich quick but would like to make a steady income.
Bye the way, this site is the best I’ve found for unbiased comments. Well done
Bob

Hi. Can we use megadroid with OANDA trade platform?

Appreciate your clrarification.

TQ

No.

After reading about this software, sounds pretty interesting. It seems to have it’s good and bad about it. Im just not too sure yet about this type of trading.

Hi,
I have recently bought Forex Megadroid & so far have made four profitable trades on a practice account.I am having the usual problems with my computer occasionally going off-line so I thought I would rent a VPS but most seem quite expensive but I came across a company called Amrox who rent a cheap (around £6 per month) VPS called Fedora which is run in Linux using “wine” whatever that is? amroxonline.com Not being very computer literate, I am unable to understand how to load it and get it running as explained in a forum rebatefx.com/forum/showthread.php?tid=4 Could you tell me if such a system is feasible and whether there is any book or information that would guide me. Why don’t the suppliers have comprehensive instructions on how to load Meta Trada on to it? Regards, Bob

You need a Windows VPS, then you can install MetaTrader as you would install it on your computer. Using Linux and Wine is an overkill and way too techy. Or look for a VPS that caters to Forex traders, they have MetaTrader pre-installed.

Thanks much appreciated.
Bob

I’ve heard a lot of bad things about automated forex trading in general and robots in precise, but this specific robot has earned my trust. While you should keep your positions under the full human control, you certainly can use Forex MegaDroid assistance while making hard decisions!

Using forex Megadroid for 5 months. Success ratio is ~86%. With 0.1 risk settings account currently up 17%. It does a lot of profitable trades, usually these are 10 or 15 pips in profit. But loosers are 30-45 pips. So you have to have 3 winners and one loser to stay at BE. I am forex trader, my most trades are manual. I was able to see what indicators it uses and during these months I was able to find out how it trades. I can tell that Megadroid strategy is very good, but they have problems with risk management. Losers are too big.

Admin,
pls can the author do something about the ‘big losses’ that most people are complaining about. In this trading you can rule out losses but they must be kept within reasonale ratio.

I have no such power to make the author “do something”, I don’t even know them personally. Besides, if it was so easy you wouldn’t have to ask, it would be already done, I’m sure.

Hi,

I purchased Megadroid and back tested it for a full year. Over the full year it makes very little profit because it regularly makes 500 pip loses. When I requested guidance on how to reduce the risk I got no reply.

In trading generally your reward should be less that your risk. This EA does not follow that rule.

My recommendation is to avoid this EA.

I also purchased Megadroid. Have tested it on several brokers, live as well as demo.

To be honest, I am not sure if I will use it much longer. IT does not trade often. When it does most of the profits ( if made any) are small.

During this last week I traded manualy also using the AshFXv2 strategy. All the manual trades ended in profit. Then, yesterday, Megadroid came into action and wiped out all of my profits made in the previous days.

For now, I can’t realy endorse Forex Megadroid or even any other EA

I’ve used Megadroid for one year. Im 40% back. It does OK for a month or two, then it does a huge loss, sometimes followed by another huge loss. Then it starts taking back, the second loss is covered, your closing on break even, then smack, two huge losses again.
It will win 60 units for each 70 unit loss

have limited funds can i make money with megadroid without being wiped out quick

My Megadroid has been on the shelf since the first couple weeks it was released. Tested fine but on live account it made a trade I just didn’t understand.I have been trading for years but when the droid took out the trade as it was coming back into profit (quite quickly I might ad) I shut it down. I have the newest version…waiting

Testing TPS and TPS advanced bots right now. Looks very promising. Solid trades being made in the EUR and the JPY/USD. I think this bot is already sold out..but not completely sure. GLTA

have any one used this EA recently ? i want to try this EA but cannot find comments by users.

please share your experience

Have had Megadroid for a couple of months now. IT made small trades for about a month and now sits on the Chart doing nothing. Zilch. The Megadroid team were fairly responsive in the early days but all I hear from them now is them pushing other products which are mostly rubbish. It seems once they have got your money, they are no longer interested apart from the affiliate money they try to rake in.

Nice..

Very good robot.. My result is 20-30% net profit per month

Hey Jack Sam, who’s your broker as some EA’s work better, broker dependant. Are you trading live?

Hey guys, just wanted to add something about Droid. I have this bot since summer last year. I have to admit that this is the best EA I have ever used. Very safe, very good recovery sense. It will close the trade if it feels uncertain and will not jump in untill that particular momentum has changed.

This EA works best on five digit broker. Only drawback is it does not trade very often but that does not bother me at all.

Happy trading guys.

:)

This ea made me money when it was first released. What version are they on now, I have heard that many are still making money with it.

I am using v4 very successfully, since I changed to this version the results are much better than the earlier versions.

I am very happy with Megadroid!

http://fxoverdrivegb.mt4stats.com/

Hi Geoff,
Who is your broker?, Do you use VPS Linux/Windows?.
I thought ForexMegadroid only worked with EUR/USD,now does it work with GBP/USD?

This EA was always very profitable and accurate for me. ran it in a live account at 30% risk until a different EA blew that account up. The only problem is that sometimes it would trade only once a month. Let’s see what the new version brings…

BH–just updated my droid and testing. Sat on the shelf a long time. live with both FH and LR. found that green products has a trailingator, might be able to use with APB CTF version. If that works, should have a well rounded portfolio of ea’s that bring home the bacon..GL trading all

Megadroid just lost me 100 pips, 30% of the account! good job it’s a demo account… that was on FXDD. It was a different storey on Alpari.

DEMO Accounts
FXDD
23:59 Sell Lots 1.16 1.43098 1.42982 -50.4
00:35 Sell Lots 0.56 1.43637 1.42982 -49.2
This has taken 30% of the account with it on these two trades.

Alpari
No trades 18 May.

I use Megadroid in liteforex.mx floating spread. it work well. on fxdd MD dont like for big spread the best of broker is finfx; fxpro.
Personaly i opened on liteforex.mx for bonuses an the results are very similar whith finfx and fxpro.

http://www.mt4i.com/users/basarabia real account
http://www.mt4i.com/users/constantprofit demo account

Good luck.

I prefer to use Ava auto trader. It gives me a lot of confidence while trading.

I think SWVPS is good and cheap starting at $18? month for windows. Howevr, I want to ask which is the best broker where to use Megadroid?

How does the demo work? Do you trade with non real money and see if you would have made a profit or not? Is that how all the forex machines work??

I think Megadroid is a waste of valuable space and resources. It is sooooo conservative and is obviously setup to make little to no losses but unfortunately because it is so tight, it almost never trades. If you have $1mil account and only want 1 or 2 trades a month then this is the robot for you but if you think you will make money quick with this EA especially on a low account balance, think again.

Final ruling, I have now also taken Fap Turbo Ichimoku, Forex Overdrive and Megadroid off my charts so now I am not using any robots at all. My account is now down from $10K to $500 so now I must learn by myself how to bring it back up.

Bottom line is ….ALL ROBOTS are rubbush. They work now and then, make nice consistant profits now and then but ultimately all they do is draw the account down with a few LARGE losses that ultimately wipe out the account.

That is the end of me and robots, it is now up to me.

Has anyone tried Forex Hijacker from Canonbury publishing or Pro Auto trader recommended by Vladimer Ribakov who has seemed trustworthy and genuine in the past.

Guys go to casino with some fund and make profit and have wonderful time rather than wasting time on these sort of money management robots.

I am Portfolio Manager-
Its skills which requires to provide good performance, robots cant act on sudden market movements.

So better not to expect money to be played for 4 times of profit. I would recommend Casino for those investors.

Hell no tension of placing and getting wiped out on trades. :)

LOL, I think a very wise comment xxx. Certainly a lot more fun and less stressful……LOL.

im thinking about getting MT4 and using megadroid.
ive never used forex before.
im wanting to invest about $2500.

what should i know?
do’s and dont’s
anything i should read up on?

so im looking to get some real up to date feedback.

ive googled EA’s and i dont know what to make of them.

any and all advice would help.
thank you
semper fi

“KMTopgun”
I have had Megadroid for a year or so. It is quite reliable but takes very few trades. If you want to fall asleep in front of your computer, I recommend it!!

hi,i just installed megadroid on my computer a weak ago, i make sure that its always online even overnight. im checking the megadroid results they have on there webpage and it made 3 trades already but MY MEGADROID HASNT DONE ANY TRADES…everything is installed right cuz i can see the smilie face on the top right hand corner of the screen…i dont know what is going wrong with my robot ,any one have the same trouble as me … need some help please, im getting very frustrated…????thanks

Hi, I agreed that its a conservative robot and usually trade 2 hrs before and after Asian open cos its in a ranging market and therefore very safe. For a 1k account,tp would be about a few dollars which sometimes barely cover the electricity bill.I would recommed it hoping for better result.

Hi all,
Does anyone know if the EA Megadroid could support another EA running on the same pair together?

Thanks!
Cheers!

I purchased Megadroid almost 2 years ago – I think that it was Version 1.21 then.After 3 big loses wiped out all of my wins and more,I decided to put it on the shelf.I decided to try it again a few months ago with Version 1.37 – the latest being 1.38 as of 3 weeks ago;and,so far,I had only one very small loss in 28 trades.Yes,it trades infrequently and garners about 5 pips on average. I think that they must have tweaked it so it doesn’t lose big.There is now a setting that prevents opening trades during a dangerously unstable market. It only opens trades between 4PM & 6PM Eastern Time.I have discovered that it’s not necessary to keep the computer running 24/7 Sunday thru Thursday or have a VPS. I’ve been turning it on by 2 or 3PM,and turn it off after 6:15PM if there are no trades still open.We’ll see in the longer term.

From my experience, Megadroid robot is a tough, rugged EA that consistently pulls in profits, well better than any other robot out there, it has not done well though the past few years but updates can change all that and that can make it better and more profitable. You must only trade with this robot though at a certain time like 11AM – 12PM PCT, make sure that it is around this time! This trading system can reel off consecutive winning trades like you wouldn’t believe, but it’s the losses, the gigantic losses that can prevent your account from growing. If the makers of this software can make the robot better in this area then I think it’s all the robot you need to trade the FOREX.

I am a beginner in Forex trading. I am still working on DEMO accounts. I have loaded some Auto Traders and have following observations. The auto trader initiates trade whenever there is a signal but does not close the trade when the opposite signal is generated. To explain this observation = for example the trade signal buy is generated and it works fine for some time. It even generates more buy trades if the signal is strong but the buy trade continues for a long time even when the trade conditions are reversed ( means that buy trade turns from long to short ) This therefore either reduces the profit or generates heavy loses in the trade. Is there any auto trading software that will close the previous trade deal and end the buy trade when the reversal takes place. Will your Mega Droid be able to do this operation.
thanks

regards

Kamath
24 january 2012

i’m really wondering why anyone should sell a robot that works. seriously, think about it guys!! if you can make 10 or 20 or 100% per month with a forex robot, you really don’t need 150 dollar. you would provide that robot for free, if you want to help others. if you want to keep the profit and knowledge for yourself, you wouldn’t sell it at all, you wouldn’t tell anyone about it

martin

Guys, I have only just entered the world of Forex, but listen to the nay sayers when it comes to Bots. DO NOT enter into FOREX if you NEED money quickly. Would you get into an aero plane and expect to be able to fly it after just a few months training? Would you perform open-heart surgery after a week of looking at medical forums? No. So why are any of you talking about risking $xxx on a BOT!!!? Look up ‘Gambler’s Falacy’. Long-term, these BOTS will fail! The results, like any gambling systems may look impressive short-term but will eventually clean you out. I know it hurts. You wanted the quick, easy fix. Sorry, but it’s going to take hard work.

i have installed and began a demo account in January. So far I have not seen one trade. I know I am connected because I can see the data on the screen. I can trade manually but no droid action. The support group has not been able to help. Can anyone make a suggestion?

@wareagle Make sure your Expert Advisors button is on up the top of MT4 and the smileys on EUR/USD is happy face :)

Also Megadroid does not trade often, you must have your PC on 24-48 hours to figure out what time period it prefers to trade, once you have figured that out you only have to turn your PC on at these times for Megadroid to work.

two words re megadroid- caveat emptor

I asked Megadroid support the following, and here’s the response. Hope it helps some newbies like me!

Hi,
I know very little about currency trading. Just opened a new acct with Forex.com and a practice account with them. I’ve been reading a LOT in the past few days, and a lot about bots and scalpers.
1. Will your product work with forex.com MT4 accounts?
2. What are the preferred settings?
3. Does it need a “low spread” (whatever that means…I have no clue, but I’ve read it’s important)
4. VPS? What is it and do I need it for your system to work?
5. ALso, a forum I read said you recommend FXDD as a broker. Why is that? and can I use a demo account with them?

Now you see why I’m looking at EA bots…Green here:)
Thanks,
Lorraine
Tue, Oct 16 2012 10:00pm – staff
Hi Lorraine
1)Yes
2)Default ones
3)Yes, spread should be lower than 3.5 in average. Ask you broker, if you are not sure about how big it is.
4)It is a service that lets you rent a platform to keep your EA running 24/7.
5)We recommend FXDD for their lower spreads and fast connections to all trading servers.

Sorry to burst your bubble do not waste money and time on megadroid…it will win 90% then one day gone after running a few months I was up about 10%…then one I wanted to see it in the middle of the trade,,I was shocked to find it -15%..the risk setting at 5%…how is this possible ? I managed the trade to -5%….I sent an email asking how is it possible EA not obey risk setting ..it is outrageous..THE most important thing ..and no reply still waiting …..my account manager was telling me the truth..do not trust it

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