Online Forex Trading - Forex Megadroid Review
Online Forex Trading - Forex Megadroid Review
The money-spinning business of Forex trading has lured many entrepreneurs. What made it even more enticing is the introduction of Forex Trading Robots. These robots are designed to either help the trader, or do everything - from analyzing data up to decision making. One such robot is the Forex Megadroid.
The Forex Megadroid is backed up with 9 years worth of data for back testing. With these data, you can check how Megadroid reacts to changes in the market. Consistently, the Megadroid has been able to post more than 300% of profit every single year - with some years even exceeding 700 years.
During live trading, Megadroid is unlike other Forex robots. Most Forex robots continuously trade, with almost no room for thought. The creators of Megadroid made sure that their robot will only trade when certain optimal conditions are met. While this may sound like a good idea, it might also turn some traders off. One implication of this is that the Megadroid deals very infrequently. Trades can be quite few. Having only two to three trades a week is no surprise with the Megadroid. If you are the type that looks at the frequency of trades as one of the factors in deciding which Forex robot to get, you might want to look elsewhere. But if you are after trades that you can be sure you will win, this feature of Forex Megadroid will be very welcome.
If you are one of those traders who are very careful with their risks, the risk setting in Megadroid will be of much use. You can easily set how much you can risk for every trade, giving you a safety net so as to avoid wiping out your account in one single trade.
Another feature of the Forex Megadroid is what they call the Reverse Correlated Time and Price Analysis, or RCTPA. The RCTPA allows the Megadroid to adapt to any given market situation without having the need to update its core algorithms. The Megadroid can "look" 2 to 4 hours into the future and see whether a given trade will be profitable or not. If you are in the market for a Forex robot that can protect your money and still operate independent of the trader, check out Forex Megadroid.
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