Forex Megadroid Review

My Forex Megadroid experiences have been quite positive but not in the ling run. Before I publish results on the basis of numbers, I would like to explain the functioning of the Expert Advisor. The Megadroid is an Expert Advisor, an automatic trading system for MetaTrader. It was developed by two Americans (John Grace and Albert Perrie) and is currently one of the most privileged EAs. The system is a scalper, so it tries to fill a position quickly after it has a few pips in the black. Scalping at a position allows quickly closed out, sometimes take a few seconds. Forex Megadroid is not as fast, but still it needs a high trading volume. We are already arrived at an important point. The trading volume and trading hours at Megadroid the key to success. The system is only at certain times, namely when the EUR / USD is very liquid. While efforts are being made relatively few trades, they run it in most cases also positive but the losses mostly erase all the profits it makes.

Forex Megadroid experience

I have had good experiences in the past two months. The trading system has achieved a hit rate of 96% and within 40 days of trading about 22% return achieved. The maximum drawdown is 4.7%. A losing trade is always higher than from a single winning trade, this is due to the scalping strategy. A win here will be taken soon, the loss is allowed to run because he frequently turns to profitability. If the loss is too high, the position is closed out to protect the capital. The high profit rate, there will be in effect a profit.

Forex Megadroid LIVE account Performance

Performance on LIVE trading account with FXDD broker is shown below. The data is provided my the 3rd party monitoring service Myfxbook.com – forex-megadroid-default-fxddreal

Forex Megadroid Stealth Mode

The developers advertise a stealth mode that will make it the for the broker impossible to see that an automated trading system is used on the account. In Megadroid there is no automatic take profit or stop loss, but managed them internally, the broker can thus not see when and which position is to be closed. Manipulation itself is my opinion, is not excluded, but much less likely. For me this feature is invaluable, because it is official that some brokers have automated systems for price manipulation. The disadvantage is that the order addition is not stored at the broker and in case of failure of the trading platform, for example by a system crash or power failure of the computer, the Forex Megadroid will not execute the stoploss order, because the software is no longer running . Stealth mode is optional and can be turned off in unstable systems.

More Details

Forex Megadroid works in 1 hour chart and comes with a comprehensive manual. The Expert Advisor is very easy to configure, it took me about 2 minutes for the settings. In two weeks I will switch from the demo account on a real account Forex Megadroid been running without problems and makes its profits.

Forex Megadroid Overall Rating

Forex Megadroid Website: http://www.forex-megadroid.com Profitability : Support : Pricing : Risk Management : Equity Curve : Price Special price: $67.00 Refund rate : N/A Refund : Yes (60 days) Overall Rating : C Not Recommended