In case you are unfamiliar with exert advisors and how they work, here is a little summary; In order to trade in the forex markets, you need a trading platform to trade in. The most popular and the one that most expert advisors are created around is the MetaTrader 4 platform. You simply download this platform for free and either open a live or demo account, which costs nothing to test out a new expert advisor in. Then you will need to download the expert advisor and simply follow the instructions that come with the advisor to upload it into your trading platform and activate it. That’s it.
Now this may seem too easy to believe but this is why most people think expert advisors are scams. They do not believe anything that easy can really make you money. Once you have activated the expert advisor, it starts going to work for you, monitoring the market, opening and closing trades for you, 24 hours a day, 5 days a week. Basically, whenever the forex market is open.
There are many expert advisors out there and I am here to tell you that most of them do hold some value, however, some “out of the box” advisors are better than others. What I mean by this is that some of these forex robots put into use without any modifications are not very good for the beginner who doesn’t know what settings to modify in order to make the expert advisor better. If they did, then the EA would be worth every cent and probably make money for them day in and day out. This is what makes the good EA’s different from the exceptional expert advisors.
The exceptional EA’s should work for you right “out of the box” with minimal to no modifications needed to make them work at their optimal level (or at least instructions to show you how to get them at this level). To sum this up, expert advisors are worth the money as there is a lot of money to be made in the forex markets with over $3 trillion trading hands every day, but you need to choose an advisor that suits your level of expertise.
Most forex robots (expert advisors), like the Forex MegaDroid, are created so that they are very easy to install and start using. In fact, the megadroid comes pre-installed into the metatrader 4 platform, so all you have to do is download the platform and start trading on a demo or live account, whichever you prefer. However, where the forex megadroid goes above and beyond other expert advisors is that this advisor has a proven track record dating back to the year of 2001 with a 95.82% trading accuracy. Basically, this means the software was successfully able to predict the movements of the market with over 95% accuracy and was only wrong less than 5% of the time.
Some other advisors will only provide recent history of trading, which is great in some cases if your only looking to use the advisor for a short term period. But using that type of advisor over the long term would not be recommended as it does not have a long term track record. This is also where some advisors lack in their worth. They will only work for a short while until the markets start changing rapidly and the EA was not built for it so it starts making bad trades.
With the over 38 years experience in the forex markets between the creators of the Forex MegaDroid, Albert Perrie and John Grace know the importance of long term growth. You aren’t going to become rich with quick profits in the markets. Wealth is created over the long term and this is what the Forex MegaDroid has proven with 8 years of consistent and accurate trading (95.82% accuracy to be exact). Perrie and Grace have produced a product aimed at all levels of forex traders. Beginners and seasoned traders will be able to use this software to make profits from day 1 and continuously for years to come, as there is little to no modifications needed to this advisor straight “out of the box”.
With 8 years and over 95% accuracy, the MegaDroid has shown that it can stand the test of time and the changes any market can bring its way, but just how much will this Forex Trading Software Robot set you back?