Saturday, May 1, 2010

My Favourite - Forex Megadroid a Forex Winner

My Favourite Forex Robot is Forex Megadroid. This robot does not trade every day, it just trades when it knows it will make money. It rarely misses and in over a year I have not had a loosing week.

On the rare occasion that it looses on a trade it automatically increases it's risk until the loss is recovered. This is a successsful strategy with this robot because the chances of two loosing trades in a row is almost zero.

Forex Megadroid also has true money management. Some robots will say they have money management when their money management is truely very primitative. Money management should allow you to nominate the percentage of your account that you are (in a worst case scenario) prepared to risk loosing not the percentage of you account you wish to open a trade with. The difference between these two amounts can be quite frightening.

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