Forex Megadroid Frequently Asked Questions
June 10, 2010 by forexmegad-01
Filed under Automated Forex Trading
What is Expert Advisor (EA) or Automated Trading Robot?
Expert Advisor is an automated robotic script coded in MQ4 language that will work in the Metatrader4 platform to make trades on your behalf! An Expert Advisor is a “robot”. Robots do better than people at chess, and they also beat people at forex trading. An EA robot can monitor the market for you, placing trades within specific parameters (strategies), evading the greed, fear, not having enough confidence and inconsistency which characterizes the majority of traders.
The Expert Advisor provides a program. It sticks with it regardless of what, regardless of how uncertain or ugly the market seems. It has certainly no greed that can stay running round the clock for you. Expert Advisors can primarily function if the connection to the Internet (in Metatrader4) is confirmed. You have to always keep the Metatrader4 online and working to enable the advisors trade. Should you close Metatrader4, advisors cannot keep track of the trades which may cause you possible loss of deposit. Foreign exchange market is open five days per week. No trades on Saturdays and Sundays
Do I have to watch every trade? Will it be difficult to setup?
No! All you have to do is set up the automated trading robots (Expert Advisors) and then let them trade for your account automatically to enable you to get profits!
We warrant that the set up time is under five minutes. We did an experiment on a group of twenty-five individuals with absolutely no experience to set up Forex MegaDroid. The standard time from installtion to operation was four (4) minutes and twenty one (21)seconds.
How much trading capital do I need with Forex MegaDroid
Based upon your broker terms, you can begin trading with as low as $100. Keep in mind that getting started with lower trading capital might place you at a disadvantage since you will only be able to trade the market in modest share sizes. It is recommended that you get started with capital of $1,000-5,000 USD or practice on a Demo account until you’re pleased with the results.
What’s the % of winning trades? How much money will I earn with Forex Megadroid?
To start, in 2009 the robot has more than TRIPLED the original deposit (since January 1st). It has attained a 330.20% return. That’s more than 100% NET profit per month since the start of the year. To put it simpley, every dollar put into the account has grown to over $3 to date.
But that is not enough…
Each year the robot has attained unparalleled results: 623.47.84%, 612.91%, 333.05%, 810.70%, 677.67%…
This coming year we’ll hit the 1,000% NET profit mark because market personality has significantly changed over at least the past 14 months and may continue to be that way for at least another 2 years to come.
Click here to visit Forex Megadroid site.
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