Description

Megadroid is one of the longest standing and most recognized Expert Advisor's in the industry.  Looking at Megadroid’s trades, you can see this is another Expert Advisor that tends to initiate orders in between 21:00 & 22:00 GMT. Conducting a back test of Megadroid and opening the chart shows pretty obviously that the system trades off of support & resistance analysis.  Looking at the trades, whenever the price begins to run up to a previous level of resistance, Megadroid will sell the EUR/USD.  It does this in a time where the U.S. session is getting ready to close and is approaching the gap between the US Session & the Asian Session.  Volume will most likely be light in this time period so the Megadroid system is betting that the price will correct, rather than break through this level.

Conclusion

Megadroid has been around longer than most of the other systems so there is much more testing data available. It has managed to be consistent, infact many of our members have said that this system is one of the only ones they still use on a live account. Megadroid's team still updates the system. This is another system that won't make you rich, it is about consistancy and grabbing small winning trades.