Forex Trading Review - Is Forex Megadroid an Effective Trading Tool?

Forex Megadroid was one of the latest automated trading system that was launched early this year. According to the creators of this robot, it uses a new technique called RCPTA or Reverse Correlated Price and Time Analysis. This article aims to review the performance of this automated trading system.

Forex Megadroid has a unique feature which is the built in broker protection feature. It is common knowledge that some Metatrader brokers trade against their clients, along with things like high spreads, off quote errors and slippage it has become very difficult for a trading robot to consistently make a profit. Forex Megadroid Robot is tagged as the first robot ever to be released with a broker protection or anti-broker mechanism.

Most robots that deal with Forex trading work well under certain market conditions, but fail completely when the market changes. Many robots have been launched in the market but some only work well when the market is ranging, but then makes massive losses when the market starts trending and vice versa. Another interesting thing about this product is the RCPTA (Reverse Correlated Price and Time Analysis) technology, which is supposed to be a new and unique facet in Artificial Intelligence technology.

Once you have bought the Forex Megadroid package you are taken to the members area where you can download the latest version of the robot and the installation manual. The product consists of the following main components:

The Forex Megadroid manual for installation is a 78 page ebook that contains detailed step-by-step instructions on the installation and setup of the robot.

Support and Updates:

Dean Saunders, author of the LMT Forex Formula, created the LMT Forex Formula to address the shortcomings of Forex trading robots, as well as manual trading systems. Most traders prefer control and also transparency that comes with the Forex robots and also don't have time to learn manual trading systems that require practice and discretion, this is where the LMT Forex Formula offers a great alternative.

If you are new to this type of trade and show interest in learning how to trade Forex yourself (without a robot) then this product is the perfect introduction. The LMT Forex formula is 90% automated and the custom indicators will alert you of possible trading opportunities, but you still make all the trading decisions yourself based on a few very simple rules.