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Does it Really Work Or Is It Another Scam?

There was a massive amount of hype around the launch of Forex Megadroid in March 2009 and apart from the launch of  Fap Turbo, this was definitely one of the biggest launches of a Forex trading robot I have ever seen. According to the creators of Forex Megadroid, this robot has shown consistent results since 2001, with a success rate of 95.80% under all types of market conditions. Does Forex Megadroid really work? I decided to buy the product and test it for myself. The results so far has been very impressive. See my full review below for more details.

NOTE: Don’t Buy Forex Megadroid Without The Exclusive Bonus Below

Forex Megadroid

What is different about Forex Megadroid? 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.

Another BIG problem 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 …“.

Another thing about this robot is the so called RCPTA (Reverse Correlated Price and Time Analysis) technology, 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, intuitive system to predict future movements of the currency pair it runs on. The creators of Forex Megadroid posts trade by trade results of the robot on the Forex Megadroid Homepage and the results certainly look impressive – the account has almost quadrupled already in 2009 and according their recent newsletters they are aiming for a 1000% total return on investment for 2009.

What’s Included in the Package?

Once you have purchased the Forex Megadroid package you are taken to the members area where you can download the latest version of the robot and the installation manual. The product consists of the following main components:

• The Forex Megadroid Robot
  Like Fap Turbo, the Forex Megadroid Robot comes in the form of an Expert Advisor for the Metatrader platform. The robot trades only on the EURUSD currency pair and runs on the 1Hour time frame. Based on the results I’ve seen so far, the Forex Megadroid system executes roughly 1 trade per day and according to the manual it does not trade on Fridays, Sundays or holidays.
• The Installation Manual
  The Forex Megadroid installation manual is a detailed, 78 page ebook that contains detailed step-by-step instructions on the installation and setup of the robot. The manual also contains a detailed section on how to perform backtesting against historical data if you are interested in past performance.
• Support and Updates
  The Forex Megadroid team seems very dedicated to the long term success of their product and they provide email support via a ticketing website, as well as frequent updates to the software to fix possible bugs, cater for new customer requests, or improve the effectiveness of the system. They also send our frequent newsletters to answer some of the common questions customers have, discuss future plans, etc.

NOTE: Don’t Buy Forex Megadroid Without The Exclusive Bonus Below

Is Forex Megadroid Profitable?

Forex Megadroid is still very new to the market and its long term profitability is unknown at this stage, but so far the results that I have seen has been very impressive. I tested the system over a 2 month period and during this time the robot performed 27 trades for a total profit of 257 pips. The success rate was 100% and all 27 trades were profitable, so their claims of a 95% success certainly does not seem false at this stage. See the statement below for details of the trades that were performed. 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:

Exclusive Bonus – Advanced Forex Megadroid Guide

One big problem I have found with Forex Megadroid is that many new customers end up losing money because they used incorrect settings, or because they simply did not understand how to use the Forex Megadroid software to it’s full potential, which is really unfortunate.

So here’s the deal – if you buy Forex Megadroid through any of the links on this page, I will give you my exclusive Forex Megadroid Advanced Guide. I’m offering this guide because I don’t want any more of my readers to lose money unnecessarily. Inside you will learn everything you need to know in order to make the most of Forex Megadroid, including: -

• The exact settings that I use with Forex Megadroid on my live account.
• How to verify that the 2 most critical settings are 100% correct.
• How to earn 300% gains in 1 year using relatively low risk settings.

NOTE: After you have purchased Forex Megadroid, simply enter your order details here and you will receive your Advanced Guide in your inbox immediately. The Forex Megadroid Advanced Guide is exclusive to FXTradingReviews readers and you won’t find it anywhere else on the net.

Click Here to Visit the Forex Megadroid and Claim Your Advanced Guide Now

Conclusions and Recommendations

I have been very impressed with Forex Megadroid so far. The robot seems to perform exactly as advertised on the website and if it continues to performs like this it will soon occupy the number 1 spot on my list of Forex robots. The launch price of $97 is still in place, but there has been a lot of talk about a possible price increase. 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.

Click Here to Visit the Forex Megadroid Homepage Now