Why do brokers hate the Forex Megadroid robot so a lot?
As an individual who is still pretty new to forex trading, I toyed with the idea of using a trading robot to give me a head start out in the small business. Soon after attempting out a few robots that left a lot to be desired, I gave Megadroid a shot.
When forex trading robots very first surfaced a number of years ago, the brokers speedily became particularly conscious of a new threat to the stranglehold they had on the millions of traders out there.
Since brokers generally trade against the traders, which indicates if you win then they shed and vice versa, anything that offers us an benefit is bad news for them. So what did the brokers do to shield their huge earnings:
They rigged the program so that robots couldn't take winning trades!
The brokers implemented their own software, or robots, to detect when a traders account was becoming traded with a trading robot. As soon as detected, the brokers did whatever they could to quit it generating money.
One of the means they prevent robots from trading profitably is to raise the spread on the currency pair in question for the duration of the hours that robot tends to trade. Other tactics they use are to block you from trading when a robot is detected, or to close your account altogether!
So where does the Forex Megadroid robot fit into all this? Nicely, pretty simply, the Megadroid robot is diverse from the other people due to the fact it is in a position to trade undetected.
The new technologies the makers of Megadroid have incorporated into this revolutionary robot, means it can trade day immediately after day without throwing up any red flags to the broker. That is why it can consistently make income for traders, and why brokers hate it so a lot!