Forex Megabot EA Review (Forex Mega-Bot Results)

Review of the Forex Megabot EA
 

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Forex MegabotUSDCAD15 minutesScalpingYesYes8 pips50 pipsForex Megabot

Performance (Forex Megabot EA Test Results)

License

Forex Megabot is sold for 97$ through clickbank

 

Forex Megabot Strategy

from looking at the backtests posted on their website, this EA seems to perform profitably on both Dynamic and Static Risk/Reward Ratio. When set on Dynamic Risk/Reward ratio, the EA will close with small profits and won’t always wait for the 8 pips target to get hit. However, when set on a Static Risk/Reward ratio, the EA will wait for the 8 pips target to get hit. In my understanding, this could be done by switching the Time protection input to On or Off.

Add the fact that the Risk/Reward ratio can be lowered to 3.3:1 (From their backtests). I would say that this is the most interesting EA for 2010. 

Forex Megabot Recommended Brokers

FX Open and Iam FX are two brokers to consider when trading forex robots.

 

Conclusion

Folks, after reviewing all the junks which showed up this year. This Scalping EA looks really promising. The seller provides more than 9 months of Real money tests verified on our Favourite accounts verification website (Myfxbook.com) and is backtested on a 99% quality.

As far as transparency on their website, we’ll give it 10 out of 10. The last time we have seen an EA with such high transparency on the sales page is for the Forex Megadroid which showed up in 2009 and turned out to be stable and profitable.   

Safe To Buy?

YES!

For all the proofs these guys have provided, and for the fact it’s being offered with 60 days guarantee through ClickBank, we’ll Mark this with a big green YES. 

 

Forex Megabot Overall Rating

  • Required: Name Reply
    Mar 9, 2011 @ 19:56 pm

    Megabot is a total scam – stir away, plus you wont get your money back

  • rami katzir Reply
    Feb 3, 2011 @ 20:49 pm

    I asked refund money-hope it would done friday-no answer .

  • David Reply
    Feb 2, 2011 @ 23:05 pm

    I have had the robot on for three trading days (only trades between 5 and 6 pm EST) and no trades were taken. I have sent two emails to support with no response. This appears to be a scam.

  • rami katzir Reply
    Feb 1, 2011 @ 18:30 pm

    again another day-nothing …………..

  • rami katzir Reply
    Jan 31, 2011 @ 19:00 pm

    nothing for monday 2 metatrader and we had movement

  • rami katzir Reply
    Jan 29, 2011 @ 19:51 pm

    I PAID GOT IT -LET’S SEE NEXT WEEK-I MUST SAY NO ANSWER 2 EMAILS FROM SUPPORT AND I DIDN’T GET THE INDICATOR WAS PROMISED.

  • Stu Reply
    Jan 28, 2011 @ 21:11 pm

    Just what i thought. I firmly believe there isn’t a single robot out there worth it’s salt. If they are so good how come the banks and funds aren’t using them. If they did use them you can bet your life you would never see that bot……..ever.

  • mac Reply
    Jan 26, 2011 @ 13:35 pm

    SCAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAMMMMMMMMMMMM

  • Roger Reply
    Sep 23, 2010 @ 9:02 am

    can you post your results, please?

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