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The growing Foreign Exchange market has also increased the number of automated trading softwares. We see new trading software programs are being introduced to the market. Some may seem to be very enticing in its advertisements some seems lousy on their website. But by carefully studying these machines, you can find that even those with lousy advertisements could truly work well for you. This article aims to review the two top performing robots nowadays the FOREX Megadroid and the EA Shark 5.0. Which one works better? Are they true to their claims or just another product of a pseudo-trader who just wants to earn money whatever it takes?

The FOREX Megadroid was made by two trading experts Albert Perrie and John Grace. The system’s trading strategy is the RCTPA or Reverse Correlated Time Price Analysis which have been used and tested by Albert and John in their past trades. The artificial intelligence technology RCTPA enables the machine to perform in multi market conditions. It also claims that it can predict the immediate future or the market condition in the next 2 to 4 hours in as high as 95% accuracy rate. It concentrates on trading with the Euro and Dollar currency pair. Unlike any other robots, it doesn’t trade all the time. It waits for the safest time to execute a decision. It also trades randomly within the 24 hour trading period making it difficult for brokers to figure out that you are trading with this robot. Its cost is $97 and has a 60 day guarantee period.

The EA Shark 5.0 on the other hand is another trading advisor that uses the scalping trading methodology. Depending on the broker that you are dealing with, EA Shark 5.0 allows you to trade in as little as US$50. Like Megadroid, it also focuses on trading with the Euro and dollar currency pair. This intraday trading machine can watch 12 indicators, pivots, fibs, and support and resistance levels on multiple time frames and make a decision in a split second.

No matter how popular or how well a FOREX robot performed in other live trades, the success of your own trade still depends on you. These Robots were designed by human traders like you who also share their own downfalls. What’s best to do is to keep yourself educated about this type of investment and let these Robots be just a tool to help you in your analysis. The trading decision should always come from you.

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Ihab Salloum