Question 1

What type of strategy does Megalodon EA MT4 use?

Accepted Answer

Session-based trend-filtered grid with mild Martingale recovery.

Question 2

What is the risk level?

Accepted Answer

Medium — safer than aggressive Martingale thanks to trend filter and controlled multipliers.

Question 3

Is it suitable for beginners?

Accepted Answer

Yes, with caution. Use small starting lot and sufficient capital. Always test on demo first.

Question 4

Why does it have different sessions?

Accepted Answer

To trade only during high-liquidity periods and avoid low-activity times that can cause false signals.

Question 5

Can I trade Gold (XAUUSD)?

Accepted Answer

Yes. It works well on Gold and other major volatile pairs.

Question 6

How to reduce risk?

Accepted Answer

Lower the LotExponent (e.g., to 1.2), reduce max trades per direction, or use smaller initial lot size.

Megalodon EA MT4Premium