FOREX MEGADROID REVIEW
Foreign Exchange Robot: Forex Megadroid
Software Programmer: John Grace / Albert Perrie
Scalping: Using RCTPA (Reverse Correlate Time and Price Analysis) in the H1 timeframe
Forex Pairs: EURUSD only
Trading Platform: MetaTrader-4 / ZuluTrade
License: 1 Real Account License
Pricing: 82 USD
INTRODUCTION TO FOREX MEGADROID
The Forex MegaDroid is a Forex Robot scalping exclusively EURUSD. The robot was initially released in 2009 by John Grace and Albert Perrie.
Here is the live performance of the EA (MYFXBOOK)
FOREX MEGADROID ALGORITMH
The Forex MegaDroid uses the RCTPA, which means Reverse Correlated Time & Price tag Evaluation. RCTPA is designed to trade any market conditions using the H1 timeframe. The RCPTA allows trading in any market conditions using a loss-minimization strategy.
FOREX MEGADROID PARAMETERS
The Forex MegaDroid adjust continuously its parameters according to the evolving market conditions. Here are some important default settings:
(1) Stealth Mode = True (the stealth mode is designed as a tool of avoiding price manipulation by a Forex broker)
(2) Slippage = 3 (That parameter controls the maximum accepted difference in pips between the price that a trade is placed and the actual price of execution)
(3) Lot Size = 1 (sets the maximum accepted lot size)
(4) Risk Level = 0 (it shows the percentage of the account’s balance that can be used for the next trade, if risk level is 0.05 then 5% of the total account’s balance if risk level is 0.1 then 10% and etc.)
(5) Recovery Mode = True (if true the robot will double the lot size in order to recover losses. This will happen until it achieves the pre-loss balance amount)
FOREX MEGADROID REVIEW PROS
◘ Forex Megadroid has a good record of historic Backtesting Results
◘ Forex stealth mode (check above)
◘ Trade loss minimization (be aware that this feature may end up in very risky trading)
◘ Forex Megadroid is designed to manage high volatile Forex markets
◘ Forex Megadroid offers an Easy Setup
◘ Cheap to buy it and 60-Day Money-Back Guarantee
FOREX MEGADROID REVIEW CONS
◘ The Forex Megadroid algorithm is designed to execute only a few trades per week
◘ Forex Megadroid trades only EURUSD
FOREX MEGADROID REVIEW CONCLUSIONS
The Forex Megadroid is designed as an Expert Advisor for MT4 and ZuluTrade. The Robot trades only EURUSD in any market conditions. The Forex Megadroid had shown a positive record of historic performance. There are many parameters available but you must be careful when you alter any default settings in order to avoid excessive trading risk (check the basic parameters above). Forex Megadroid costs only $82 and offers also 2 month money back guarantee.
◙ FOREX MEGADROID REVIEW
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