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Forex Megadroid

Average Customer Rating: (based on 5 reviews)

(4.2 stars vs. 3.1 category average)

Your Rating: (write review)

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Recommendations by Profile:

Casual Trader
0 of 0
0%
Intermediate Trader
3 of 5
60%
Expert Trader
0 of 0
0%
All Traders 3 of 5 60%

Recommendations by Usage Length:

A month or less
0 of 0
0%
1 - 3 months
2 of 2
100%
3 - 6 months
1 of 2
50%
6+ months
0 of 1
0%
All Traders 3 of 5 60%

Characteristics:

Pros:
Easy setup, Great price, Easy-to-download
Cons:
Slow

Description:

Megadroid is an MT4 EA created by Albert Perrie and John Grace.

Single Review: (view all 5 reviews)

traderDan
traderDan

Intermediate Trader

There is so much better out there

4/27/2010

1 of 1 customers found this helpful (100%)

Pros:
Easy setup, Great price, Easy-to-download
Cons:
Slow
Bottom Line:
No, I would not recommend this to a friend
Quote:
I got Megadroid when it first came out. Yes, I am one of those who hopped on from the FAPTurbo bandwagon.

At first I really liked it, because it was cheap and cheerful. Easy to install and it consistantly performed. If I had really known, back in mid 2009, that this kind of 'scalp' is actually extremely unprofitable unless you risk 10% per trade or more, I would have looked to the hills and made my way there very hastily.

At one stage it only traded once a week which means that it took 5 weeks to make up for one losing trade. I must say that they have updated it now and it trades about 3 times a week, but still. Other systems out there are offering the same return as Megadroid without the 10% risk per trade!

For that reason - I'm out!
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