Automatic Forex Trading Systems - Sifting Through the BS
Forex Megadroid Review
Good automatic Forex trading systems are harder to find than a quiet infomercial salesperson. Forex Megadroid is one of the few software programs that wouldn't leave you homeless and hungry if you trusted your life savings to it (although I wouldn't recommend doing that). Here are the basics of what you can expect from the Forex software known as Forex Megadroid.
Profitability: 8/10
Ease of Use: 10/10
Reliability: 10/10
Customer Service: 9/10
Price: $97
Forex Megadroid
This particular piece of foreign exchange software has been out for a few years now and it is one of the more well-known robots in the industry today. It was created by two guys named Albert Perrie and John Grace.
It trades the EUR/USD on a regular basis. This particular system also comes in two varieties. You can get the basic Megadroid and then you could also get the Megadroid Pro. The Megadroid Pro system is basically the same thing, only you can trade it on a few more currency pairs. Many people simply prefer using the basic model because it works and you can keep things simple.
Pros of Megadroid
One of the primary advantages of Forex Megadroid is that it is simple to use. What Keurig is to coffee makers, Megadroid is to expert advisors. You simply open up your Metatrader platform, drag the expert advisor onto the chart and enter your authorization code. You can choose the lot size and beyond that, you have to do nothing. You can then simply log into your account and check to see how your trades are going every day.
Another big advantage is that this system is really reliable. You can pretty much set your watch by it. It's got over a 90% win rate and it doesn't lose very big. While you're not going to light the world on fire or get rich overnight, this is definitely a profitable robot and it can provide you with a passive source of income over the long-term.
Cons of Megadroid
One of the primary drawbacks of this piece of Forex trading software is that it doesn't trade very often. In fact, it doesn't trade very often at all. Some days, it won't trade at all and you'll wonder if it's working or if you set it up wrong. Then all of a sudden, it will spring into action and take a trade or two trades in a single day. Some people have started to use a system with multiple instances of the robot running on the same trading platform to amp up the number of trades, but this is optional. If you plan on trading this Forex software, you have to be patient and let it do its thing. Some automatic Forex trading systems will trade all the time...this isn't one of them.
Another con is the name. Seriously? Megadroid? Is it a Transformer or a piece of Forex software? But now we're just nitpicking. If it makes money, it doesn't really matter if it's named Mr. McGillicutty's Magic Money Machine.
The Verdict
We would definitely recommend this as one of the automatic Forex trading systems that you should have in your arsenal. It's very reasonably priced for what you get out of it. If you don't like it, it's sold on clickbank, which means that you can send it back and get your money back. If you're interested in good Forex robots, you might as well go download it now, throw it on a demo and try it out for yourself. If it doesn't work, you're only out a few minutes of your time. If it does work...well then you're sittin' pretty with a passive source of income.
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