Forex Megadroid ReviewRating: 
Rating:
Website: www.forex-megadroid.com
Background – Forex Megadroid has been developed by two Forex traders with over 28 years experience between them. Albert Perrie and John Grace are the traders and they teamed up with P.H.D Hector Lusting a technology guru to automate their trading strategy using an advanced AI system that it the core of Forex Megadroid.
The site boldly claims to gave had NO LOSING TRADES since Forex Megadroid was launched in March 2009. And whilst we have absolutely no reason to dispute this claim, it would have been nice to see a live account proving the results. Over forex robot sites have this.
The site also makes a big play of it’s ‘install in under 5 minutes’ ease of use claim. Whist this may be the case if you have experience of Meta 4 Brokers it will take you a little longer if not or you are a bit of a technophobe. Nonetheless the documentation is good and pretty easy to follow.
What do you get – pretty much the software and how to install and use it. No frills. Nothing wrong with that and it is cheaper than some other robots. At the time of writing this review there is $50 off offer in place but we don’t know how long that will last.
The big thing to be aware of though is that Forex Megadroid can only handle the USD/EUR currency pairing and it was this restriction that we found, if not off putting, then certainly limiting.
It is also limited to short-term (2-4 hour) scalping rather than any longer term trading strategy. This very narrow trading approach shouldn’t necessarily put you off. How much money you make is, after all, the main driver for all Forex traders.
Having said that, this very limitation could be an advantage to Forex trading beginners. Because it only works with one pairing fewer trades are generated and this could make it easier if you are just starting out. A way of getting your feet wet as it were.
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