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January 2010 Update: Read my full Forex Megadroid Review here.

The Forex Megadroid launch has definitely been one of the biggest for a Forex product I have seen so far. John and Albert (the creators of the system) sent out an email to their mailing list this morning where they state that the $97 launch special will not be available for much longer and that the price will go up soon.

Click Here to Visit the Forex Megadroid $97 Launch Special

Forex Megadroid

I’m not sure what the final price will be, but we saw with the Fap Turbo launch that they increased the price from $97 to $149, so if you still want Forex Megadroid for less than $100 then I suggest you move quickly.

Another very interesting thing is that the creators have just posted trade by trade results of the robot on the Forex Megadroid Homepage. The results certainly look impressive – a 100% success rate in the past 8 days, which has increased the return on investment for 2009 so far from 330% to 387%.

This means that the account has almost quadrupled already in 2009. According to John and Albert they are aiming for a 1000% total return on investment for 2009. Unfortunately I have had some problems with my dedicated Forex PC and Internet connection over the past 2 days and I can’t confirm any of these trading results yet, but I will post another update on this blog as soon I see some results. So far I havent seen anything that suggests that this is a scam, so I’m quite excited about the results they have posted.

Click Here to Visit the Forex Megadroid $97 Launch Special

The Forex Megadroid team also sent out an email today to answer some of the frequently asked questions by users. Here are some of the things they mentioned:

• Forex MegaDroid trades ONLY the EURUSD currency pair – we suggest that you run it on the 1H chart timeframe as shown in the manual. Please do not confuse the term “multi market condition” (meaning varied market situations – trending / ranging / volatile / non-volatile) with “multi currency” (meaning a variety of currency pairs).
  
• Back-Testing
  The strategy tester in MetaTrader is useful but also very finicky due to
  variances in server times, spreads and several other factors. This can
  make it rather difficult to match results seen elsewhere so we are going
  to issue a list of the correct settings for several major brokers over the
  next few days.
  
• Trading live / Practice Accounts
  The best settings to use are actually the defaults. The only thing which
  requires setting is the LotSize parameter (for trading without Order
  Management) or the RiskLevel – 0.1 – 0.2 works well… (10% – 20% risk
  per trade) though you are free to use any sensible risk level you wish.
  
• Trade Frequency
  Some people seem to feel that a robot should be trading frantically
  from the moment it is attached to a chart!
  While that might provide an element of excitement, it is not the way
  to succeed in trading – the people who look upon trading that way
  would be more sensible taking their money to Las Vegas and getting
  some enjoyment out of throwing it away.
  MegaDroid is very carefully designed to enter trades with an extra-
  ordinary degree of accuracy so if it doesn’t trade for a day or two,
  there is a very good reason for it and nothing is wrong.
  
• Forex MegaDroid does NOT trade on Fridays, Sundays and Holidays.

January 2010 Update: Read my full Forex Megadroid Scam review here.