In this post I will be reviewing the popular Forex Megadroid Expert Advisor. Forex Megadroid is a fully automated forex robot that has been around for a long time. I experimented with it in the past but found that once forex brokers became aware of its presence they started to implement tactics to diminish its profitability
Forex Megadroid Expert Advisor Trading Strategy
Forex Mega Droid uses a reverse correlated time and price analysis (RCTPA) which helps it to adapt to market conditions. It is a scalping robot which targets a few pips on each trade. This does mean that it requries very low spreads and commissions along with fast execution speeds. Thus, I would only consider using Megadroid on the best forex brokers.
Forex Megadroid Expert Advisor Back Testing
There are back testing results on the website but the back tests only use 90% modelling quality and therefore no tick data or real spreads which can have a detrimental affect on the performance of scalpers. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance.
Forex Megadroid Expert Advisor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Megadroid Expert Advisor Summary
As with most forex robots, the Forex Mega Droid Expert Advisor comes with easy to understand setup instructions, pre-set files, full support, updates and a money back guarantee. Along with FapTurbo this is probably one of the most popular forex robots of all time.