Forex Megadroid Review Automated Forex
Following in the footsteps of the highly successful FAPTurbo, there have been several scalping robots released into the marketplace. Many of these have been proven to be cheap knock-offs and show dismal trading results that mean you’d be wasting your money on most of these. Among these releases was the Forex Megadroid and originally it seemed to get lumped into the same group as all the other cheap knock-offs. It didn’t take long for people to learn that the Forex Megadroid is a good robot all of its own.
What makes the Forex Megadroid stand out from the rest? Forex Megadroid is an expert advisor that integrates easily with any MetaTrader 4 trading account. This means you’re able to choose your options when it comes to brokers.
This software is designed to trade on the pre-Asian trading session and it has the noticeable difference of a different currency pair than the FAPTurbo can offer. The inclusion of the EUR/USD pair allows you more opportunities to trade, especially as the spreads on this pair are very reasonable during the pre-Asian sessions.
One of the biggest stand-out features of this robot is the level of trading accuracy offered. It boasts a higher accuracy rate than the FAPTurbo and many of its other competitors of up to 95%. The difference in trading strategy is also noticeable. Instead of placing several smaller trades each day, you may only see one or sometimes two. While this may seem as though it’s trading less, the higher level of accuracy means your profits are higher overall.[youtube:RCMoj8fcBmQ;[link:automated forex analysis];http://www.youtube.com/watch?v=RCMoj8fcBmQ&feature=related]
The major difference is that it places noticeably fewer trades, but the win percentage is also reported quite a lot higher too. At a reported 95% trading win percentage this is quite an impressive robot.
It’s also obvious that this software doesn’t require a lot of customization like its competitor FAPTurbo. This can make the Forex Megadroid ideal for novice trader as you simply download the software and install it onto your MetaTrader 4 platform. Drag and drop it onto the appropriate chart and let it run on its own.
It is extremely easy to set up, as you just download it into your MetaTrader and then attach it to the appropriate chart. If you’ve never done anything with forex before, you could follow the guide that comes with it and be up and running in a few minutes.
In conclusion, the Forex Megadroid is a quite effective trading robot that has a few similarities to the FAPTurbo, but also has the notable difference of having a higher accuracy rate and uses a different currency pair. While the amount of trades might be lower, the win rate is higher for those trades is does place.