Saturday, January 30, 2010

Forex Megadroid Review - Four Factors That Greatly Contribute To The Popularity Of Forex Megadroid

By John Adams

I have been using forex Megadroid since it was released earlier this year. To date, not many other forex trading robots have been able to match it's results. I have been trading on a demo account and a live account with my business partner. We have used other forex expert advisers along with this one however, Megadroid has been consistently making money. There have been few other robots that have been able to get the returns it has, around the 30% plus mark. These are fantastic returns, but trades can sometimes be far and few between. Especially if you are used to many trades with other expert advisers. The robot is looking for the right conditions to trade under, and if those conditions are not met, it will not trade. Only 2 hours of the day.

Reverse Correlated Time and Price Analysis or RCTPA This is a huge database inside the Megadroid that grows every time you use the robot. This is made of data that were collected in the past trades. When a similar trend occurs, the robot refers to these data and formulates a strategy by using these data. This feature also allows Forex Megadroid to learn from its mistakes and prevents the robot from doing the same mistake twice.

Stealth As we all know, brokers really hate traders who are using trading robots. When a trader wins a trade, the broker loses money, and with the accuracy of some trading robots, the brokers are losing a lot of money and these are taking over their jobs. That is the reason why Forex brokers intervene with the trades being conducted by trading robots. They want to minimize the profits of the trader and maximize their trade losses.

Forex Megadroid Tactics - What Is This? The long and short of it is this. Megadroid has a setting that will only trade on one chart, Ben has worked out settings for it to work on 3-4 open charts (depending on one's risk) that will allow many more trading opportunities with some slight tweaks he has back tested. What does this mean?

The best advantage you can have while using Forex Megadroid is that, no one will ever know that you are using a trading robot, which gives you an extra line of protection from Forex brokers who will intervene with your trades once they discover that you are using a trading robot. Megadroid can be purchased for only $149, and it is a small amount if you consider all the benefits that you can get from - 23210

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