By Vernon L Lees
Forex Megadroid is one of the more recent Forex trading robots to win favour with traders. The unique feature set and profitable performance have led to Megadroid becoming one of the most successful robots of all time. It is both a very simple and effective trading system that can be employed to generate consistent Forex profits by any trader. As you read more about Forex Megadroid you will discover the reasons behind its effectiveness.
The principal reason as to why Forex Megadroid is so effective lays in it's ability to precisely forecast prevailing market conditions. Unlike most robot trading systems which will only use historical market information, Megadroid reads current market conditions when assessing trade opportunities. RCTPA is the name of this new trading approach. This stands for Reverse Correlated Time and Price Analysis. This is a unique patented technology employed by the robot which lets it learn and adapt. In this way it is able to adjust its trading parameters to best suit the current market movements.
Behind this robot is 38 years of trading experience in the Forex markets. The Forex Megadroid team used this huge experience when developing it. The underlying strategies used by Megadroid are based on their experience of Forex trading during this time period. These were then used as the basis for the robots strategy.
Unusually considering the amount of cutting-edge features of the robot it is very simple to install and use. The robot functions as described, even down to meeting the 5 minutes setup pledge as claimed on the Megadroid website. Many users will be tempted to try to tinker with Forex Megadroids settings, however most profitable traders of the system suggest leaving them at default. Default settings seem to provide the optimum performance generating the most profits for traders.
So is this robot truly profitable for traders? Well yes it is. Of course many Forex Megadroid robot reviews have vastly over stated the performance claims of the robot. This of course accompanies the marketing of most systems these days.
However the reality is that Forex Megadroid really can produce steady Forex profits on your account. It can in fact generate excellent profits. All you need to do is simply deploy the robot on your account. No multitude of trading settings to configure just to get the robot to run. It is a steady performer which will open the best trades and accumulate Forex profits over time. Don't be fooled into believing this robot will make you rich overnight. Simply setup the robot up on your Forex account, stand back and leave it to run. Check back in 2-3 months and you should be pleasantly surprised at the results this robot will have generated for you.