Personally, I have live traded Forex MegaDroid for over 6 months now, on 3 different brokers from across the globe and in summary I rate this as the best Forex EA on the market. The only limitations I have found are:
- It only trades Monday through Thursday nights (European time)
- It has been known to go a couple of weeks without a trade (but this hasn’t happened since their update)
- When it looses a trade, which isn’t often, it can be significant. With Recovery Mode I’ve claimed back my 3 loses in under 2 weeks.
Here’s a snapshot of their live trading results in 2009-2010, which I can confirm, match up with my live results also:
Now, let’s see what everyone else thinks…
Herman below talks about long term profits, however, if you hit a good period where MegaDroid trades often you can get some decent returns in the short term too.
Good to hear positive reviews from other longer term traders:
Here’s a more reliable MegaDroid review from a Senior Member from a popular and well respected Forex Forum. He’s brought in over $5000 running his EA on two different brokers. His “MT4 Stats” links aren’t working at the moment, but give them a try and you may be able to validate his claims.
Here’s an even better review from a trader who has used MegaDroid from it’s launch. This review was posted in May so close to the launch. Plus, he has posted his demo results and has an MT4 Stats account that is operational, although it looks like he has some other trades in there as well… The Megadroid trades are the ones on EURUSD that take about 10 pips in profit. http://hefe2hefe.mt4stats.com/
Customer Service
Here’s a blog comment from one of MegaDroids support staff… there’s good reason why they take upto 24hrs to respond:
Should we test it?
Well, I’m a bit biased when it comes to Forex MegaDroid. I live trade it myself on a daily basis so can only say good things about it. The reviews above only reinforce this. When looking at other reviews out there you’ll find a lot of newbies, who are unfamiliar with Forex MegaDroid, commenting on how they haven’t had a trade for 2 weeks. I can confirm that this was the case up until late 2009. Since then it has traded at least once a week and ended ’09 in good form. So for the benefit of my readers I’ll retrospectively put MegaDroid through our testing process…
Test 1: Independent Strategy Testing
2000-2010 Strategy Test results show growth from $10,000 to $995823 at 95.59% accuracy.
View full 2004-2010 Forex MegaDroid Strategy Tester results
2009 Strategy Test results are choppy but still show growth from $10,000 to $36,436 at 86.92% accuracy.
View full 2009 Forex MegaDroid Strategy Tester results
Test 2: Demo Testing
I’m currently running Forex MegaDroid on Alpari UK. Testing started on 12th April 2010. Current results are as follows:
View Forex MegaDroid Live Test results
Demo Account disabled by Alpari on 20th October 2010. The above chart has stopped working now, so please refer to the chart below:
View Forex MegaDroid Live Test results
Demo Account disabled by Alpari on 4th April 2011. The above charts have stopped working now, so please refer to the chart below:
View Forex MegaDroid Live Test results
Demo Account disabled by Alpari on 10th July 2012. The above charts have stopped working now, so please refer to the chart below:
View Forex MegaDroid Live Test results
Demo Account disabled by Alpari on 10th January 2012. The above charts have stopped working now, so please refer to the chart below:
View Forex MegaDroid Live Test results
Demo Account disabled by Alpari on 10th August 2012. The above charts have stopped working now, so please refer to the chart below:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 19382.59 | |||
| View our Forex MegaDroid Demo Test Statement | ||||
Update 8th August 2010:
- Live Test above updated with MegaDroid Version 1.30
Lab Result:
Due to a messy live account I have called upon the help of MT4i to collate the trades in my account related to Forex MegaDroid. Below you’ll see the monthly pips generated by Forex MegaDroid during the 2nd half of 2009 and early 2010.
In the chart below you’ll see how I’ve optimised Forex MegaDroid to make the most of it’s accurate trading strategy eclipsing $4931 in profit in just a matter of months.
Please note that I currently run MegaDroid on two “No Dealing Desk” brokers, and both tend to operate almost identically. Prior to the results shown above I ran MegaDroid on yet another broker and these results can be seen below:
And to see in more detail how it’s currently running take a look at the screenshot from MT4i below:
View Live Trading results until 7th May 2010
Note: The MegaDroid Live Trading account above was merged with other EA’s on 7th May 2010. It will therefore no longer be used on this site and instead a new chart has been added above and will be updated every 10 minutes.
Hey, guys, I want to know, someone with the EA in real account?Parameter used is the default?
Hi Zhangyang, I am using the EA on a real account, but i have changed the risk settings. On default it risks 20% of the account and that to high for me
How long did you use?The monthly revenue is about how much?Do you have Yahoo Messenger?If so, please add me, zhangyang3963355, the use of the question want to consult you, thank you.
Hi Zhangyang, im happy to talk about megadroid with you if you want to email me jhmarran@aol.com
Has anyone had any megadroid trades recently? mine does not seemed to have traded for ages
Guys/Cam! Can somebody help me to reach Megadroid support?
I’ve changed my trading accounts and wanted to change my authentications of MD and Pipjet, but I have no access to the member area, and the password recovery doesn’t work. I’ve sent e-mails to the support to both addresses support@forex-megadroid.com, and support@forex-megdriod.net, as I’ve received mails from both, but none of the adresses are live any more. I’ve also opened a ticked on the support page of MD website but no answer.
Has anyone else experienced similar issues?
I have no trouble with the new members area…
try this link www . forex-megadroid / members
no spaces of course. Also support @ forex-megadroid . net should work ….
hi guys, What is the best setting for MD ? anyone trading live acount? Thanks
Try megadroid on these settings: “dollar averaging” – false. “consider commision” – false. “risk -level” -0.0. “slippage” – 5. I dont like any type of dollar averaging. On these settings the broker could get a higher commision from some of my trades. Should I be concerned about this? NO. My belief for now is: Dont think about the brokers commision. Get in the market and start trading. MD is a gauranteed winner and my account grows anyway. I may put my slippage at “6″. Should I really care if MD closes a trade earlier because its set on 5 pips instead of 3 pips? No. If I lose 5 pips so what? MD is a winner, so I say “close that trade even if there is a 5 pip difference between MD and the brokers quote”. my account will grow anyway and thats the whole point isnt it? If I could have MD trade 90% of my balance on each trade I would. The next best thing is to put the risk level on zero and manually control the lot size. Everytime your balance increases you will increase your “LotSize”. You may get a warning that says “not enough money!”. Gradually lower the lot size until the warning is gone and then lower that lot size about 20%. My formula is to stay just below that warning, because the more lots I can give MD the bigger my balance will be. Adjust your lot size upward after each deposit. Which you should be doing every week.