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:
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January 2010 update : Read my full
Forex Megadroid Scam review here.
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).
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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.
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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.
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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.
I’ve received many similar questions from visitors and I hope this post have cleared up some of the questions you may have. Please feel free to comment below or send me an email if you require any guidance regarding the above points.
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January 2010 Update: Read my full Forex Megadroid Scam review here.
January 2010 Update: Read my full Forex Megadroid Review here.
Forex Megadroid has just been released and judging by the slow response times of their website, I can imagine that they are making hundreds of sales as I type this. I spent some time reading through the information on their Homepage and found the following things that impressed me:
Forex Megadroid
Forex Megadroid works under all market conditions. Most Forex trading robots work well under certain market conditions, but fail completely when the market changes. I’ve seen many robots that work well when the market is ranging, but then makes massive losses when the market starts trending and visa versa. Even the famous Fap Turbo requires a flat, ranging market to perform well. One of the main points that the creators of Forex Megadroid are pushing is that it works under ANY market condition.
One of the BIG problems with Forex robots and the Metatrader platform in general is the shady tactics deployed by brokers. It is common knowledge that many Metatrader brokers trade against their clients and together with things like high spreads, offquote errors and slippage it has become almost impossbile for a trading robot to consistently make a profit. Forex Megadroid is the first robot ever to be released with a broker protection or anti-broker mechanism.
They have a pledge on the Forex Megadroid Homepage that reads: “No Forex Broker In The World Will Ever Know You Are Trading With Forex MegaDroid, No Forex Broker Will Ever Be Able To Stop Forex MegaDroid™ From At Least Quadrupling Every Dollar You Deposit …“. I have no idea how this works yet, but it certainly sounds like a great feature.
Can Forex Megadroid really quadruple every dollar you deposit? Is the so called RCPTA technology the massive break through in artificial intelligence that they promise? We will have to wait and see. This product certainly seems to be something different and at the special launch price of $97 I am definitely getting myself a copy. I will start testing Forex Megadroid today and hope to post a detailed review within the next week.
Click Here to Visit the Forex Megadroid Homepage
January 2010 Update: Read my full Forex Megadroid Scam review here.
January 2010 Update: Read my full Forex Megadroid Review here.
The hype around Forex Megadroid is building up and second only to the recent launch of Fap Turbo, this is definitely one of the biggest launches of a Forex trading robot I have ever seen. I am receiving multiple emails about Forex Megadroid each day even though I promised myself not to get caught up in the excitement, I can’t help looking forward to see what this produtc is all about on Tuesday, 31 March 2009.
Click Here to Visit Forex Megadroid
A video was released on the Forex Megadroid Homepage today in which the creators talked about some of their background in the Forex industry and how the system came about.
The Forex robot industry is full of lies and I’ve learned the hard way to always take these type of stories with a pinch of salt, but when watching the video one can’t help thinking that there is something different about this launch. Perhaps it’s all just fake, but we’ll find out soon enough. The one thing that keeps on coming up about this robot is the so called RCPTA (Reverse Correlated Price and Time Analysis), which is supposed to be a new frontier in Artificial Intelligence technology. In my opinion this is just a fancy way to say that Forex Megadroid uses a very accurate, mechanical system to predict future movements of the currency pair it runs on.
The Forex Megadroid robot promises a lot – on the homepage it says the following: “Every Single Dollar Deposited Will Be AT LEAST Quadrupled” and in the video they mention that this can be achieved in any kind of market condition, trending or ranging. Whether this is all just a bunch of garbage we will have to find out on Tuesday.
Please feel free to comment if you have any further info regarding this product.
Click Here to Watch the Latest Forex Megadroid Video
January 2010 Update: Read my full Forex Megadroid Scam review here.
January 2010 Update: Read my full Forex Megadroid Review here.
I’ve received some “insider” emails regarding the launch of Forex Megadroid, a new Forex robot that promises to be the best there ever was on March 31. According to Albert Perrie and John Grace, the creators of this Forex Megadroid, this robot has shown consistent profitable results since 2001.
Forex Megadroid
None of the details has been released on the
Forex Megadroid Homepage yet, but it supposedly has an amazing record of accuracy over the past 8 years, with a success right of 95.80% over this period.
We have of course heard this same story many times before, but there seem to be a bit of extra buzz about this one that has caught my interest, so I am keen to see what this product will deliver.
Forex Megadroid will cost $97, so the price is reasonable, but will this be another hyped up scam like so many others or not? We will have to see on Tuesday. More info will be released over the next couple of days as part of their pre-launch and I will make another post about this then.
Click Here Visit the Forex Megadroid Pre-Launch Homepage
January 2010 Update: Read my full Forex Megadroid Scam review here.
