Forex Megadroid

While it lacks the obvious pomp and gala that some other pieces of forex software tend to have, the Forex Megadroid does appear to have what it takes to stand out from the crowd of other, more anonymous, pieces of software.

From the get go, it is important to understand that unlike some other packages that you might have encountered, the Forex Megadroid delivers what was promised – full stop. There are no ‘extras’, or ‘bonuses’, or ‘hidden surprises’.

Instead, what the Forex Megadroid has to offer is a stable, profitable robot that claims to work in every type of market condition. Although you might think that this all sounds fairly bare-bones, the fact of the matter is that it is quite refreshing to have a forex robot that actually concentrates on being just that – a forex robot.

Getting things started is fairly easy, and while the marketing claim is that you can get the Forex Megadroid up and running in under 5 minutes, it could take you a little longer than that if you’re unfamiliar with Meta Trader 4 (which you’ll need to use this robot).

Once installed, a few simple configurations need to be set and you should be all done. One of these is the all important trading strategy setting, where you get to pick between an Offensive or Conservative style of trading.

Worth taking special note of is the Recovery feature of the Forex Megadroid which will allow you to activate a special strategy to recuperate a certain loss!

However, by far the most attractive feature of all is the price tag. Compared to the other two products that we’ve looked at, the Forex Megadroid is by far the cheapest option, available now for a single one-time payment of $97.

All in all, this means that you could get your hands on a cheap and yet effective robot that is easy enough for even a beginner to get started with.

Now it is time for the bad news.

When we mentioned that there are no ‘extras’, ‘bonuses’, or ‘hidden surprises’, that also meant that the documentation consists of a single eBook that details everything from installation to operation. While it is really a very well written guide that is easy to follow, having a couple of videos too would definitely have been a plus.

Also, the Forex Megadroid is limited to trading in the EUR/USD pair. For beginners, this probably won’t be an issue, but some slightly more advanced traders may balk at being limited to a single pairing of currency.

Both these downsides aren’t exactly total killjoys, but they are enough to put a damper on things slightly. Still, if you want something easy to use that devotes itself to simply making you money on the forex market, the Forex Megadroid remains a very good deal and is, for the time being, pretty much the only robot that is undetectable by brokers!