Two very experienced and skilled currency traders with their combined experience of over forty years were the creators of the Forex Megadroid trading system, which is an automated trading robot. They formulated the system with the aim to operate virtually in the any currency market condition. This system acts as a research assistant that will operate as long as you need it to. It has been asserted by many traders that these automated trading robots have revolutionized the entire trading experience.
Since the introduction of the Metatrader Expert Advisors, or commonly called as trading robots, have been budding like mushrooms all over the Internet. These trading robots are codes that you can incorporate in Metatrader to aid you in currency trading. Among the many of these trading robot is the above mentioned robot.
This trading system is different when it comes to the way it manages the market. Unlike most of the trading robots which depend on past data in order to assess the current market conditions and reach a decision, this system take its decision based on current and future trends as predicted by the system. The creators of the system were well aware of the fact that the market condition is not a permanent scenario. It can and always will change as the time proceed. To incorporate the ever changing nature of the currency market, the system was equipped with an algorithm that rides on the back of change.
The system uses an algorithm called RCTPA or Reverse Correlated Time and Price Analysis, which facilitates the software in predicting the market variations and hence enable the system to make strategic decisions leading the user to generate money. It has the ability to read and adapt itself to any kind of market and their conditions. In order to do so, it takes into account previous and current trades and then predicts the market trends for the next three to four hours. Based on this information the system places its trade. It has been claimed that the success rate obtained with the system is over 95%. The users have shown an increase in profits each year.
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