Forex MegaDroid Optimization Tips
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Forex MegaDroid is one of the most stable forex robots in the market. Forex MegaDroid Robot was launched in the early part of 2009. Since, 1st January 2009, this robot has made 3,319.88% NET PROFIT in 791 days of trading. You can see the trade by trade results on the site. This EA can trade with 95.82% accuracy in any single market and quadruple every dollar that you invest in the forex market.
Now, these results are based on the live trading performance of this robot since 1st Jan 2009. This is the live performance of this robot year by year:
- 2013: 623.84%
- 2012: 612.91%
- 2011: 333.05%
- 2010: 810.70%
- 2009: 677.67%
Looking at these live trading performance results over the years, you can see that this EA has been giving a consistent performance. Keep this in mind that markets keep on changing but this robot has been giving consistently good performance over the years. Now, Forex MegaDroid trades only the EURUSD pair on the 1 hour charts. This is something important for you to understand.
MegaDroid Trades Best the EURUSD Currency Pair
The first most important tip for using MegaDroid to make huge profits in the forex market is to only trade the EURUSD pair on the 1 hour chart. Don’t make the mistake of trading any other currency pair with this robot. The robot has only been programmed to trade the EURUSD pair.
Use Only the 1 Hour Time-frame
The second most important tip for using MegaDroid is that only use the 1 hour charts. This robot does not trade on Fridays, Sundays and holidays and only enters into a trade when it finds a high probability trade setup.
So, don’t get upset if it doesn’t trade for one or two days. What is more important a winning trades or a lot of losing trades? Of course winning trades.
This robot looks for winning trades and only enters into a trade when the probability of winning is high.
Don’t Change Default Optimized Robot Settings
The third important tip for using MegaDroid is to use default settings. You should not use more than 0.1 or 0.2 when it comes to RiskLevel. This is a very important parameter that sets the risk level that the robot will be using when trading.
0.1 means 10% risk and 0.2 means 20% risk. In my opinion 10% risk level is more than enough for you. Don’t take risk more than this. As always, first test these settings on the demo account and see how well the robot performs. First try to trade with those settings for a period of at least two months. Once, you are satisfied with the settings, only then trade live. Good Luck!