Forex Megadroid is an Expert Advisor running a scalping strategy one just one currency pair. The EA comes with a good risk and money management and only trades in very promising market conditions.
Forex Megadroid can be remotely deactivated by the developers during news events or others time periods not recommended for trading. The EA does not trade very often and non-trading periods of several days or even weeks have to be expected.
The internal take profit and stop loss limits are 15 pips and 150 pips, respectively, however, all trades are continuously monitored by the EA and can be closed anytime to secure profits or minimise losses. The risk-reward-ratio is in the area of 3:1 to 6:1.
A Monte-Carlo-Simulation, based on backtests (2009-2014), with a lot size of 0.10, a starting balance of EUR 1,000 and 100,000 iterations, shows the following results regarding expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.
|Period||Profit||Drawdown||Value at Risk|
|2009 - 2014||2,541.84||1,306.94||1,936.74||11.31%||0.70%||2.47%||4.38%||5.54%|
21:00 - 23:00 GMT
Payment through Clickbank.
The developers grant an unrestricted right to return within 60 days of purchase which will be paid back through Clickbank.
The licence is valid for one live or demo account and includes support and upgrades. The licence can be managed in the members area of the developers' website.
A 90-pages manual explains in detail the installation and set up of Forex Megadroid the input parameters and their impact.
The performance of Forex Megadroid is demonstrated, as follows, on an exclusive FinFX live account.
Megadriod backtests for the period 2009 - 2014 are shown below. To demonstrate the distinct impact of the applicable spread on the performance of a scalper the backtests are shown with spreads of 3 pips, 2 pips and 1 pip.
year 2009 - 2014, spread: 3 pips, risk: 20%
year 2009 - 2014, spread: 2 pips, risk: 20%
year 2009 - 2014, spread: 1 pip, risk: 20%
year 2009 - 2014, spread: 2 pips, risk: 10%
year 2009 - 2014, spread: 2 pips, lots: 0.10
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