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Forex System Report

Name: Forex MegaDroid
Web site:   forex-megadroid.com
Review date: 3 June 2010
Review period: April 2009 to May 2010
Description: Forex MegaDroid is an expert advisor which trades on EURUSD.
Strengths:

This expert advisor does not place a lot of trades, but it has limited drawdown. I have had an average of 2 to 5 trades per week (this does vary with the broker used).

I have been risking 20% of the account balance on each trade on a live account for the last 12 months and have added 75.85% to the account balance during that time (including all profits and all losses). Monthly percentages have been 8.40%, 6.05%, -16.97%, 3.49%, 5.27%, 3.87%, -2.56%, 8.19%, 3.11%, 9.79%, 0.37% and 35.90%. The 6 month gain was 62.81% and the 3 month gain 49.76%.

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Weaknesses:

You need to risk a significant proportion of your capital on each trade in order to achieve a high return.

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Conclusions:

This is an excellent system. Little configuration or optimisation is required. It makes steady profits with only occassional losses.

green plus green plus green plus green plus    Very strong buy
The Forex reports on this web site are based on my experience. There can be no guarantee that you will obtain similar results.
This is an educational website and does not provide investment advice.
The author is not authorised to give investment advice in the UK or in any other jurisdiction.
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