Forex Megadroid Review: Is It a Scam or a Legit Forex Robot?
Forex Megadroid is a forex robot that claims to use a unique technology called RCTPA (Reverse Correlated Time and Price Analysis) to adapt to any market condition and trade with high accuracy. But is it really worth downloading and using this software? Or is it just another scam that will waste your time and money?
In this Forex Megadroid review, we will examine the features, performance, pros, cons, and results of this forex robot. We will also compare it with other popular forex robots and see if it can deliver on its promises.
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What is Forex Megadroid?
Forex Megadroid is a forex expert advisor that was developed by Albert Perrie and John Grace, two veteran forex traders with over 38 years of combined experience. They claim that they have used their knowledge and expertise to create a forex robot that can trade any currency pair on the MetaTrader 4 platform.
Forex Megadroid uses a scalping strategy that targets a few pips per trade, usually during the Asian session when the market is less volatile. It also claims to use RCTPA technology, which is supposed to analyze the past and present market data and predict the future market movements with over 95% accuracy.
According to the developers, Forex Megadroid can adapt to any market condition, whether it is trending, non-trending, ranging, volatile, or non-volatile. They also claim that Forex Megadroid has a built-in broker protection module that can hide its trading activity from the brokers and avoid being detected as a scalper.
How Does Forex Megadroid Work?
To use Forex Megadroid, you need to have a MetaTrader 4 account with a compatible broker. You can either use the recommended brokers from the developers or choose your own broker as long as it has low spreads, commissions, and slippage.
Once you have your MT4 account ready, you need to download and install Forex Megadroid on your computer or VPS. You can then attach it to the EUR/USD chart on the M1 timeframe and let it run on autopilot. You can also customize some of the settings according to your risk appetite and trading style.
Forex Megadroid will scan the market for trading signals based on its RCTPA algorithm. When it finds a valid signal, it will open and close trades automatically without any human intervention. It will also manage the trades with stop loss, take profit, and trailing stop orders.
What are the Pros and Cons of Forex Megadroid?
Like any other forex robot, Forex Megadroid has its own advantages and disadvantages. Here are some of them:
Pros
It is fully automated and easy to use.
It has a unique RCTPA technology that can adapt to any market condition.
It has a broker protection module that can hide its trading activity from the brokers.
It has a built-in recovery mechanism that can recover from losses.
It has a low drawdown and high win rate.
Cons
It requires very specific broker conditions such as low spreads, commissions, and slippage.
It is vulnerable to high volatility and news events that can affect its performance.
It only works on MetaTrader 4 platform and only trades EUR/USD pair.
It does not have any backtests or verified results to prove its effectiveness.
It may be considered as a scam by some users who have not seen any profits from it.
What are the Results of Forex Megadroid?
The developers of Forex Megadroid claim that their robot has been making consistent profits since 1999. They also claim that their robot has an average win rate of over 95% and an average monthly return of over 15%. However, they do not provide any backtests or verified results to support their claims.
The only results they show are screenshots of their own accounts and testimonials from their users. However, these results cannot be verified or trusted as they may be manipulated or fabricated. Moreover, these results do not reflect the current market conditions or the performance of 29c81ba772
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