I bought the Forex MegaDroid EA

Greetings fellow forex traders. I hope the market is treating you well. Today’s post is going to be short and to the point. As you may or may not know, I’m a big fan and user of automated (aka expert advisors – EA) forex trading systems, and I’m always on the lookout for new EAs to play with. So after hearing some very positive comments about the Forex MegaDroid EA in this thread over at the Forex Nirvana forum I thought I’d jump in and join the fun, so I grabbed myself a copy.

I’ve got it attached to a EUR/USD H1 chart on a live FXDD account and I’m ready to hit the markets. From what I’ve heard this EA needs the spread to be as low as possible so a bit later on I’m thinking of moving the testing over to a MB Trading MT4 account or perhaps just leaving this FXDD account run and also install it on the MB Trading MT4 account as well – basically testing with two live accounts. I haven’t decided over this yet, so for now all my testing shall be on the FXDD live account only. Now, as far as settings, I’m using all the default settings except I’ve got it set to to conservative mode – I’ve turned the “aggressive” mode off.

If you’ve been following my blog for a while you already know how I like to do things. After some extensive testing I will write a full review and along the course I will post regular performance updates.

Wish me luck!

Some useful links:

1) Forex MegaDroid homepage

2) Forum thread where you discuss this EA

Cheers,

Alan