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January 2010 Update: Read my full LMT Forex Formula Review here.

Normally I don’t pay much attention to all the new Forex products that are launched every week, but this week there is something that I am quite excited about. Dean Saunders (the creator of 10 Minute Forex Wealth Builder and Blade Forex), is releasing his new LMT Forex Formula system.

LMT Forex Formula

I beta tested the LMT Forex Formula some time ago and was very impressed with the accuracy and profitability. This system is not just another Forex robot, it’s a new concept created by Dean, which stand for Low Maintenance Trading.

The LMT Forex Formula was designed to ride the big movements in the Forex markets and aims to take hundreds (or even thousands) of pips of profit in single trades, with an average winning rate of 82%. In addition to this, the producs caters perfectly for the part time trader and only requires 15 minutes in front of the charts every day, so there is no need to constant watch the markets.

The LMT Forex Formula launches on 19 May 2009 and I am not allowed to say much more about it at the moment, but what I can say is that this system is 90% automated and even easier to use than his famous 10 Minute Forex Wealth Builder product. Dean has already released an exclusive  free report called the “LMT Profit Plans” that you can download right now. Inside  he reveals things like:

• The Foundations of the LMT Forex Formula
• Why 95% of Forex Traders Fail
• Secret Trade Management Techniques
• Simple, Yet Powerful Trading Techniques

This report was well written and many of the techniques he discusses applies to any type of Forex trading (not just the LMT Formula), so I definitely recommend that you get your free copy today. (I believe it will only be available for one or two days until the main product is launched). I will make another post when more news about this system is released before the launch. >>Click Here to Get Your Free Copy of the LMT Profit Plans Now

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

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

I had some problems with the desktop pc I do my Forex trading on over the past few weeks, but this has been sorted out and I hope to start posting weekly updates again soon.  I’m still running my Forex Megadroid tests and so far the results are looking very good.

Since I started the Forex Megadroid robot it has performed 12 trades for a total profit of 115 pips. The success rate was 100% and all 12 trades were profitable, so their claims of a 95% success certainly does not seem false at this stage. Setting up Forex Megadroid is much easier than Fap Turbo, because things like the GMT Offset is detected automatically and there are no long list of parameters to worry about. All you need to do is specifiy your desired risk percentage and activate the robot. The stealth mode or “Anti Broker” mechanism appears to work as advertised and the robot also has an interesting “aggresive mode” setting that effectively doubles the lot sizes after a losing trade to ensure that losses are recovered quicker. I have yet to see how this works, because there has not been a single losing trade so far.

The Forex Megadroid system appears to be very careful in its selection of trades and normally only trades once per daybut never on Fridays or Sundays. So what you end up is roughly 4-5 trades per week, with about 10-15 pips of profit per trade. See the statement below for details of the trades that were performed so far. Please Note: I had a problem with my desktop for about 3 weeks, hence the gap in trading between 2009.04.08 and 2009.05.04: