Forex Megadroid Review
This Forex Megadroid review examines the hottest new expert advisor on the market to see how it measures up in real trading by real traders like you and me. Can it really foretell market movements and guarantee profits for you?
The advertising for Forex Megadroid claims that it can “see into the immediate future with 95.82% accuracy”. Of course this makes it tantalizingly attractive to forex traders. Artificial intelligence of one sort or another is nothing new, but predicting the future? Is it possible?
What Forex Megadroid Claims To Do
This new MT4 EA was developed by John Grace and Albert Perrie and unleashed on the world in the spring of 2009. Grace and Perrie used their combined 38 years of forex market trading to work on its systems and then applied what they call ‘market adapting intelligence’ so that it would be flexible in dealing with a constantly changing market.
This kind of adaptation is something that the existing generation of forex robots have not been able to do. They can only make money from forex consistently if the markets continue to act as they have in the past. They cannot cope with major changes or any diversion from the patterns established by backtesting.
So it is this market adapting artificial intelligence that allows the Megadroid to claim to be able to see the future. It learns from the changes that it encounters and amends its systems to deal with the new patterns that are emerging. This ability means that you have a better chance of surviving unusual or very volatile circumstances than you had with the old robots.
Of course it is not a question of long term predictions. Forex Megadroid uses what the developers call ‘reverse correlated time and price analysis’ (RCTPA) to predict market movements just 2 to 4 hours into the future. But that is all you need for a successful trade.
Forex Megadroid Reviews And Results From The Trading Floor
This new EA has been out for about 8 weeks as I write this review. It is early days, but long enough to have gathered plenty of reviews from independent users. It is clear from feedback on the forex trading forums that people are having success with it. The first full month of trading went well and many people are seeing over 90% profitable trades.
That is a great result. It needs to have 5 successful trades to each loss, so anything over 80% should see you making profits. Remember though that 90% wins does not mean a steady 9 wins followed by 1 loss. You could have the loss first or you could suffer two losses in a row. Either of these scenarios is discouraging for beginners. Keep your head. One rule of statistics is that the improbable happens more often than you expect. Experienced traders understand that losses are part of the game. Don’t risk too much on one trade.
Looking at percentage gains, users reported 10% to 20% increase in funds over the month of April. That is a healthy profit which will make you good income if it keeps up.
Negative Points
The early indications were that Forex Megadroid was very limited in the number of trades it would make. Cautious traders may like this but users were seeing only 3-4 trades a week which was frustrating for those who were hoping to make a lot of money in a short time.
The danger here is that you might become impatient and risk a lot on those trades to try to keep your income up. Even though you probably know that small and steady profits are better for long term growth than a high risk strategy, you could be tempted.
Fortunately this issue seems to have been solved with the recent release of version 1.1. There are not so many long gaps between trades. However, you should not expect more than 10-12 trades a week. Plan your strategy accordingly, and do not rely on Forex Megadroid to make you rich overnight.
Cost
This is a very powerful forex bot that must have cost a deal in research and development. I couldn’t believe how little they are asking for it. I thought the price was a misprint! It is worth plenty more. Click here to see the current price.
Returns And Guarantees
The vendor is the independent online retailer Clickbank who offer a 100% guarantee for 60 days on all of their products. So you will not have hassles trying to get a refund if it doesn’t work out for you. Just be sure to go to Clickbank and not to the developers support desk which is for technical matters, not payments.
Summary – 5 stars
I’ve given 5 stars for a review in the past and this one beats it so I was tempted to give 6 in this Forex Megadroid review! Forex robots are continually evolving but so far at least, Forex Megadroid is getting results that blow the others out of the water. You have 60 days to play with it in demo and/or real mode before you make up your mind, so there is no need to hesitate.
Click here to try Forex Megadroid for yourself.
Update: There is now a report out which will help you maximize your profits from Forex Megadroid. It turns on how to have it make more trades, and especially more profitable trades, and it is a must-have for every Megadroid user. Click here for Advanced Droid Tactics report.
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