So much has been heard about Forex Megadroid recently, a currency trading robot that is famous for its very high accuracy rate. Pretty high compared 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 its release a couple of years ago, Forex Megadroid has received numerous feedbacks – some good, some bad, some neutral. Here is a summary of the most common feedbacks about the Forex Megadroid.
The Good
Survivability to most market volatility – The main benefit that may be had from using this currency trading program is its capability to keep up with high and low volatility markets. Most robots, in general, can keep up with the trends in the particular market they were made for. However, once the market changes, the robots start to have low winning strategy.
This is somewhat not applicable with Forex Megadroid. This robot is designed to hold up against all 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 applies a slow trading strategy that has the capability to protect your account from draining due to changes in the trend. In short, your account will not be entering into the trade when the risks are high that you will not profit from the trade. So, no matter what the market does, you can be assured that you account won’t be ruined.
Uses RCTPA or Reverse Correlated Time and Price Analysis – It’s a fancy name for the strategy this robot uses to determine changes in trend for the next two to four hours. But, what’s even fancier to a robot that is equipped with artificial intelligence that allows it to adapt to market changes.
Nearly all forex trading robots have the capacity to generate good profits in certain trends and typically, this capacity holds up unless the trend changes suddenly. This is where Forex Megadroid fares very well. RCTPA allows the robot to adapt to different market dynamics. This works well in ensuring the flow of profits into your account even though changes in the market have already manifested.
Uses latest technology – As the newest comer in the market, Forex Megadoird has the advantage of knowing the flaws of previous forex trading robots and work on them.
Quick installation – In a little less than 5 minutes, you can have the Forex Megadroid installed on your computer, that is if you are already familiar with Meta Trader 4. You may exceed the 5-minute mark, however, if you are not familiar with the Meta Trader 4 platform.
The Bad
Only trades in one currency – Forex Megadroid only trades using EUR/USD; a major flaw, 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. However, you can get around this problem by having your account hosted by a hosting service. Although this might cost you some money.
The Verdict
This robot is engineered to have the latest technology on Artificial Intelligence and a propriety technology called RCTPA. With a cheap price tag and zero subscription fees, this seem like a very good deal. To top these off, purchase of this robot comes with a 60-day money back guarantee which the buyer can apply for in case he is not satisfied with the performance of the program. Over all, this review which is based on actual Forex Megadroid feedback recommend that you buy this forex trading robot.
A comprehensive Forex Megadroid feedback and review is a good place to start when trying to figure out whether this forex trading robot is a good option for you. Read our selection of forex trading software reviews which look into the varieties of trading software available in the market.
