Forex Megadroid Reviews - Forex Automated - Forex Systems

Reviews

(4.2 stars vs. 3.1 category average)

(3)

(0)

(2)

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Intermediate Trader

11/28/2010

0 of 0 customers found this helpful (0%)

Pros:: Easy setup, Great price, Easy-to-download
Cons:: None
Bottom Line:: No, I would not recommend this to a friend
Quote:: I purchased and used this provide for a few months. But it did not trade very often so I found a solution published by another customer to get more trades. In the end the losses were much larger than the wins and I was losing money.

This software is VERY sensitive to broker spreads. Most of the brokers that I would consider using (like FXCM) had too large a spread for the software to work.

One interesting part of this software is that the longer a trade is open, the tighter the stoploss becomes. This keeps a trade from lingering in negative territory too long.

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Intermediate Trader

6/14/2010

0 of 0 customers found this helpful (0%)

Pros:: Easy setup, Great price, Easy-to-download
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: After personally using the Megadroid for nearly 6 months now I have to confess out of the wide array of EA's available on the market this ranks as one of the most reliable and consistant.

This is definately a PnP product at its best and anyone with a good understanding of trading and MT4 usage should have no problems getting it up and running.

Incorporates and implements good risk management and is ideal for both the novice and experienced user alike.

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Intermediate Trader

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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Intermediate Trader

11/17/2009

0 of 0 customers found this helpful (0%)

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Intermediate Trader

5/18/2009

2 of 2 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: I have used this EA since it was released. I have had nothing but profitable trades. Keep in mind that this EA looks for high probability trades so it may only take 2-3 trades some weeks. It also only trades between 2100 and 2300 UTC. And it only trades the EURUSD. So what! It's making money and paid for itself on my first trade. I would rather have a few trades and no losses.