An expert adviser called MegaDroid was released recently. The developers claim that it has 96% success rate. In this article I would like to give some overview of this EA as well as my own trading results with it.

What’s the Logic Behind MegaDroid

It is known fact that most successful automated trading software work while they are brand new. They are programmed for current market conditions and they work worse and worse as time goes by and market conditions change. MegaDroid supposed to be different since it uses “market adapting intelligence”. This is something we are going to see in the future. If it still makes money.

This name of the algorithm gives an idea that it should be continuously adjusting to the market condition. As usual the short term prediction of the price is more accurate than the long term. Therefore it has so called “reverse correlated time and price analysis” (RCTPA) algorithm. It allows to make prediction in the nearest 2-4 hours in future.

Overview

I’m using this EA on my account and I see this MegaDroid has a potential of making consistent profit.

Advantages

Very high success rate

For more than a month of testing this EA it have not yet made a single losing trade. All of them were profitable.

Automatic money management

There is an option that allows you to set the automatic position sizing according to our chosen risk level or set fixed position size.

Stealth mode

This mode hides your S/L and T/P levels from your broker. However this mode can be dangerous if you lose connection to the server. Your position will be left unprotected.

Disadvantages

One major disadvantage to this EA is that it takes trades very rarely. That is actually understandable since it needs to wait for a set up with a high probability of success.

Price

You need to pay $97 to get MegaDroid. Is it expensive or not. For something simple like Metatrader’s piece of code it may seem high. In my opinion if it will continue to make profit at the rate it makes now it well worth the price.

My Results with MegaDroid

By this day MegaDroid is running for five weeks on an account of $5000. In those five weeks it made $160. That makes 3% of return which may seem a little, but for completely automatic trading it’s quite good in my opinion.

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