Forex Megadroid FAQ User Guide
review newsletter for Instant FX Profits
Email:
image-ruler
image-ruler
rss feed
(Google Now)  Date: 02 / Sep / 2010
 
Forex Reviews Link  navigation link  Forex Robots  navigation link  Forex Megadroid  navigation link  FAQ & User Guide

Forex MegaDroid
FAQ & User Guide

 
Forex Megadroid FAQ User Guide
 
Rating (Added Mar '09)
User Friendly
9/10
Popularity
with Users
8/10
Support
8/10
Profitability
8/10
Value for Price
9/10
Overall Rating
9/10
 

download forex megadroid Download @ Forex-MegaDroid.com
Automated Forex Robots

 

ruler

Below are list of answers that we can find and compile them to
help you understand more on Forex MegaDroid.
  1. What is Expert advisor (EA) or aka Automated Forex Robot?
  2. Do I have to monitor any trades? Is it difficult to setup?
  3. How much trading capital do I need with Forex MegaDroid?
  4. What is the percent of winning trades and how much money can I make with Forex Megadroid ?
  5. If many people trade with the robot, can that affect the robot’s accuracy and profitability?
  6. What currency and timeframe does Forex MegaDroid trades with?
  7. What are the best Forex brokers to use for Forex Megadroid ?
  8. What trading software do I need to run Forex MegadroidTurbo and where do I get it from?
  9. What are the best settings I should use?
  10. What are the trading days for Forex MegaDroid?
  11. The robots seem to take some time to open a trade?
  12. Can Forex Megadroid work when I am away from the pc?
  13. What if my PC lost power or rebooted?
  14. What is a VPS (Virtual Private Server ) ?
  15. Do you have a trial demo download that I can try out before buying ?
  16. What if I Don’t Like Using Forex MegaDroid ?
  17. What type of client support will I receive?
  18. How do I remove expert advisor?
  19. Do I start with Demo or Real account first?
  20. How do I run several advisors on one account?
  21. How do I make a backtest on Forex Megadroid?
  22. Why are the backtest results so poor when setting AutoGMT=TRUE?
  23. Can I edit the source code or do you have the MQ4 file for Forex MegaDroid?

What is Expert advisor (EA) or aka Automated Trading Robot?

Expert Advisor is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you! An Expert Advisor is a "robot". Robots beat humans at chess, and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterizes most traders.

The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you. Expert Advisors can only work when the connection to the Internet (in Metatrader4) is established. You must always keep your Metatrader4 online and working to let the advisors trade. If you close Metatrader4, advisors can’t monitor the trades and that could cause you possible losses of deposit. Again, Forex Market is open 5 days a week. No trades on weekends

>> Back To Top

Do I have to monitor any trades? Is it difficult to setup?

No! All you need to do is setup the automated trading robots (expert advisors) and let them trade on your account automatically to bring you profits!

We guarantee you that the installation time is less than 5 minutes. We did a test on a group of 25 people with totally no experience to install Forex MegaDroid. The average time from installtion to operation was 4 minutes and 21 seconds.

How much trading capital do I need with Forex MegaDroid?

Depending on your broker terms, you can start trading with as little as $100. Remember that starting out with low trading capital may put you at disadvantage because you will only be able to trade the market in small share sizes. We recommend that you start with capital of $1,000-5,000 USD or train on a Demo account till you are satisfied with the performance.

What is the percent of winning trades and how much money can I make with Forex Megadroid ?

To start, in 2009 the robot has already more than TRIPLED the initial deposit (since January 1st). It has achieved a 330.20% return. That is over 100% NET profit per month since the beginning of the year. In simple words, every dollar deposited has grown to over $3 to date.

But that's not enough...

Every year the robot has achieved unparalleled results: 623.47.84%,  612.91%, 333.05%, 810.70%, 677.67%...

This year we will hit the 1,000% NET profit mark because market personality has dramatically changed over at least the past 14 months and will remain like that for at least the next 2 years to come

Check out Reviews on Forex Megadroid from Customers

If many people trade with the robot, can that affect the robot’s accuracy and profitability?

This answer can be divided into 2 separate sections:

1. Lots of people still don’t realize just how huge the Forex market actually is – it’s the largest market in the world. It’s larger than ALL the stock, bond and futures markets in the world COMBINED! It’s estimated that every single day, something in the order of $3 TRILLION are traded in the Forex market. It’s extremely liquid, volatile and trades 5 days a week, 24 hours per day.

Effectively, the market is so huge that there’s room for everyone, and I mean EVERYONE! There could be 10,000 people or more trading with the Forex MegaDroid Robot and it wouldn’t affect its efficiency and accuracy in the slightest.

2. Forex MegaDroid has what we call a “Forex Broker Buster Mechanism”. This means that even unscrupulous brokers can never ever prevent you from profiting with the robot... in any way, shape or form! And this we absolutely GUARANTEE. We covered this issue extensively earlier.

What currency and timeframe does Forex MegaDroid trades with?

The forex robot only trades EUR/USD in 1HR timeframe. More details at the Factsheet of Forex MegaDroid

What are the best Forex brokers to use for Forex Megadroid ?

Fap Turbo can be used with any broker that uses the Metatrader 4 trading platform. Some of the most common Metatrader 4 brokers are: InterbankFX, Alpari, FXDD, FXCM, Forexmeta. If there are any doubts, then the support desk of your broker will be able to confirm if they use Metatrader 4 or not.

What trading software do I need to run Forex Megadroid and where do I get it from?

Forex Megadroid is designed to work with the forex trading platform Metatrader 4, which is now offered by many of the leading forex brokers. Metatrader 4 can be downloaded for free from most broker's websites, usually via a "download trading platform" link.

What are the best setting I should use?

The best settings to use are actually the defaults.  The only thing which
requires setting is the LotSize parameter (for trading without Order

Management) or the RiskLevel - 0.1 - 0.2 works well… (10% - 20% risk per trade) though you are free to use any sensible risk level you wish.

What are the trading days for Forex Megadroid?

Forex MegaDroid does NOT trade on Fridays, Sundays and Holidays. You can understand the trading activity on Forex Megadroid Live Results from our statement accounts.

The robots seem to take some time to open a trade?

Some people seem to feel that a robot should be trading frantically from the moment it is attached to a chart!

While that might provide an element of excitement, it is not the way to succeed in trading - the people who look upon trading that way would be more sensible taking their money to Las Vegas and getting some enjoyment out of throwing it away.

MegaDroid is very carefully designed to enter trades with an extra-ordinary degree of accuracy so if it doesn’t trade for a day or two,there is a very good reason for it and nothing is wrong.

Compare Forex Megadroid with other similar top automated forex robots.

Can Forex Megadroid work when I am away from the pc?

Yes, they can work 24 hours/day for you. You don't need to monitor the trades if you don't have enough free time. Our Robot Advisors will monitor the trades, open orders and close positions for you when needed. Just keep your MetaTrader on to let them work their magic

FAP Turbo EA has a built-in stop loss function that prevents your possible losses from getting bigger. So your potential losses will be small and limited.

In addition to this fixed stop loss value, additional filters and indicators are incorporated to prevent trading in risky conditions.

Based on this, it would be okay to say that FAP Turbo EA is SAFE with compared to other automated trading systems that do nothing about drawdowns.

What if my PC lost power or rebooted?

No problem here! Just run Metatrader again and turn on the expert advisor. It will continue trading. If you have continuous power losses and poor internet connection or simply cant keep your PC online all the time we suggest that you order VPS (Virtual Private Server) for hosting your trading.

What is a VPS (Virtual Private Server ) ?

The VPS is basically a windows PC that you rent from ForexHoster to run your Metatrader application and Fap Turbo on. Once you run Fap Turbo on your home pc you’ll quickly find that it is quite an inconvenience and things like power failures or reboots also make life difficult. Having a remote PC to run your Fap Turbo on solves all these problems. Personally I wouldn’t buy the VPS until I am 100% sure that Fap Turbo delivers consistent results in my live account.

Do you have a trial demo download that I can try out before buying ?

We do not have a trial demo version but you could purchase Forex Megadroid first and ask for a refund later if you find our product unsatisfactory. Please take note that our license key update regularly so your current software version will not work.

What if I Don’t Like Using Forex MegaDroid ?

The program has a 60 day money-back guarantee. If you don’t like your trial, you can simply request a full refund. Even better, if you purchase Forex MegaDroid through the ClickBank online payment program, you can get a full refund from ClickBank if you can’t get in touch with anyone at Fap Turbo. That’s just one of the protection options that ClickBank offers.

What type of client support will I receive?

We are both very “quality support” oriented when it comes to our OWN purchasing, especially over the Internet. We HATE it when we get bad client support... it drives us crazy so we're sure you understand what we mean.

Besides us both being available for whatever you might need, we actually hired AND trained a team of 5 people to focus SOLELY on supporting our clients. No matter what the question is, no matter what you need... our support will be fast, professional AND unconditional.

We also sent updates on Forex Megadroid regularly.

How do I remove expert advisor(EA)?

To remove an advisor, just right click on its name or face in the top right part of the chart and select «Expert Advisors -> Remove». Don’t forget to close all open trades of the current advisor if you remove it.

Do I start with Demo or Real account first?

You should always test your advisor on Demo account first to check if your broker is compatible with your current expert advisor! NEVER trade on Real account without testing on Demo first!! Maybe your broker takes your orders too slowly, gives bad quotes or has too high a spread or slippage. If so, we recommend you try the Demo account with another broker

>> Back To Top

How do I run several advisors on one account?

That is very easy! You can run several advisors at the same time to increase your profits and minimize risks! Open several Price Charts and attach each advisor to its own chart! This way, they can all work at the same time. Don’t try to attach 2 advisors to the same chart. That won’t work!

Warning: Don’t run too many advisors if your deposit is too small. Try on DEMO account first to see how they work together! Some of the advisors are incompatible with each other and work poorly if you run them together. Please always try on Demo first if you want to run several advisors at the same time! If you get bad results – don’t run those advisors together or simply change your broker.

How do I make a backtest on Forex MegaDroid ?

Please refer to our video tutorial.

Why are the backtest results so poor when setting AutoGMT=TRUE ?

Someone else had bad results when testing with AutoGMT=true. AutoGMT picks the current GMT offset and uses it for the whole backtest. However, we (at least in the U.S.) recently changed to summer. If you manually set the correct GMT offset it apparently backtests much better.

You can also follow these link to our backtest results for Forex Megadroid

Can I edit the source code or do you have the MQ4 file for Forex MegaDroid ?

Sorry but we cannot reveal our strategies. Pirated crack version might appear in the market.

 
 
ruler

Blogrolls

W3.org  |  Energy  |  Wordpress.org

Articles

 Forex Investment  |  Forex Training  |  Forex Strategies

 About Us   |   Privacy Policy  |  Terms of Service   |  Contact Us
We bring you the best trading courses, system, software, system and books
Copyright © 2009 ForexReviewLink All rights reserved

sitemap xml

ruler