I know that most of other sites posted their reviews and especially their "reviews" on the same day (or few days after the launch) when sales of MegaDroid started… This tells me a lot. Especially since they all have affiliate links in their reviews. Their goal is to sell… but the real question is: is Megadroid worth buying?

My answer is probbably no surprise to you, but truly, my answer is YES. Please read ahead, as I will cut all the bullshit, and really tell you why, this is my honest answer to the megadroid question (and i will also point out the pitfalls of this EA, and some statements from it's authors that might not hold water).

So before you say "yeah, another of these kinds of reviews", ask me if i think there is any other EA bot currently worth buying? My answer to this question is NO. Not currently (see my negative review on IvyBot EA)….

You see, I bought a whole lot of EAs in this last year, but since last two months I am only using MegaDroid, I stopped using other ones. I had some great results in first months of FAPturbo as noted here, but since start of summer 2009 positive results were inconsistent and almost newer chained without loosers taking wiping most of previous trade's profits. So I stopped using it, and unfortunely my 60 days money back guarantee was over, so well, I still own it and maybe authors will surprise us with a new version that does better…

MegaDroid EA facts

But back to MegaDroid. Lets review the facts:

• it is a scalping EA (it trades only asian session, only eurusd, usually between 21 and 23 GMT. Saying this I think authors are lying on their webpage about total randomness of time hours… They are about to release megadroid pro EA, which also trades four other currency pairs, but i am currently testing this version and other currency pairs are not as profitable as eurusd, so i currently advice against pro version)
• it has more losing trades than authors admit it (they claim no loosing trades since march 20th, and 95% accurancy… Well, in my first week with  using it on live account, i had a big losing trade, but it did not show on author's page or their mt4stats… how can that be, i asked them? their (very prompt, well at least i have to give them praise over good support) answer was that it is very broker dependant. And this is true. Since then I've been using mega droid ea on 4 different brokers, and even multiple copies of MD on each broker. Guess what - with some rare cases, most of trading was limited to just one or two brokers, or just one copy of MD on same broker… So i guess that there is some randomness built in to mega droid. But this can work to your advantage as well, so ok…) But still, in last three months using (with 10% risk to downdrawn) i managed to earn around 35%. While this is not trippling the money in few months as authors propagate (well theoretically it could be done, but with risk so high i am not comfortable with it as it is against my trading style)…
• Megadroid can be optimized with some techniques which authors are not propagading (but you can read about configuring megadroid to trade more frequently here). Best of all, with this technique I was able to boost profits and speed of profit taking while lowering the overall risk to my account!

So, to sum it up. Megadroid is far from perfect and 100% accurate, but it works great for me. With recent settings changes as noted above I get over 90% accurancy. I highly recommend it, and I stay behind my words (feel free to leave a comment below if you have other opinion - and please give facts as well). If you havent bought it yet, i invite you to give it a try (after all - it has 60 days money back guarantee)…

You can buy it here (thru my affiliate link, and as thanks i will send you my settings for it - just drop me a email to editor at forex-trading-on.net with your clickbank recepie), or you can check it out directly here.

Here is my main live megadroid account statistics, I started with deposit of 1000 USD (mt4 stats dont show this correctly after end of first month):

In next post (due to september 10th) I will summon all the statistics from my demo and live accounts and also megadroid accounts of some other users who have it publicly available, so you can see that it is not only me who is getting these profitable results.