Forex MegaDroid
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Forex MegaDroid is the brand new automated forex trading robot from creators Albert Perrie and John Grace. It is one of the 'new age' auto traders that claims to be able to analyze the market and adjust itself for future predictions. This is unlike other robots who study past trends for future predictions.
The creators claim to have a combined 38 years experience in the forex industry and have translated this knowledge into their latest invention, the Forex MegaDroid robot.
Forget all the hype you are reading, below we have collected various reviews from around the web and combined it with some of our own information to offer one of the only unbiased opinions we have seen anywhere on the internet. So keep reading and find out how we ended up with the ratings that we gave it.
Go to the official Forex MegaDroid site
The creators claim to have a combined 38 years experience in the forex industry and have translated this knowledge into their latest invention, the Forex MegaDroid robot.
Forget all the hype you are reading, below we have collected various reviews from around the web and combined it with some of our own information to offer one of the only unbiased opinions we have seen anywhere on the internet. So keep reading and find out how we ended up with the ratings that we gave it.
Testimonials
"Forex MegaDroid is different. It is programmed with Artificial Intelligence capabilities. These allow the program to actively learn from the behavior of the market and to adapt to it. In this way, you are much less exposed to changes in market conditions."
Portion of actual user review from ezinearticles.com
"I am going to open a small account and give it a go. I think in about 6-months or 1-year I can give it a rating. I will not rate it until I see it trading live and see the results over the next few months. Unless, of course the developer can get it to trade more often so we can see it run."
Portion of actual user review from forexpeacearmy.com
"I bought this Indicator and starting from Jan 1st to Mar 31 I had over 40 Trades with 1 Loss. The Accuracy of this Robot is Incredible but there is one small problem. It doesnt trade very often and doesnt produce tons of cash as they state, unless you have a large account."
Portion of actual user review from forexinvestigated.com
Our Verdict
There is a lot of mixed opinions about this one floating around out there which is good to see, no product is ever perfect and a bit of debate is good for growth of the industry. But please note that it is impossible to give a full review of this product at such an early stage. It won't happen and any complete reviews on live test accounts that you see are completely fabricated in order for you to buy the product. The best you will see (and what we're offering) is a review on backtest performance.
We ran 2 backtests, the first being horrible and almost completely wiping our account. The reason for that though was the time settings. If you refer to the manual they mention adjusting the time settings in your MT4. Once we adjusted this we received much more impressive results. Over a 12 month test period (beginning Jan 2008) we had almost a 100% account increase.
Now, this is OK but not great and unless you are trading large sums of money it won't make you a millionaire. It is consistent though and running multiple brokers on smaller accounts can also yield great profits based on back testing.
So, what is our final opinion? We really liked this robot and think that it has massive potential. We recommend that you purchase it, run your own backtests with your broker and analyze the results for yourself. After that run a demo account for a month or so to analyze performance. New software can be unpredictable and updates can come out. Running it on a demo account can minimize your risk and ensure that when you decide to 'go live' you are doing so with confidence that you'll profit.
So give it a shot and you can always return it for a fullr efund if it isn't up to your expectations. Happy Trading!!!
Go to the official Forex MegaDroid site
We ran 2 backtests, the first being horrible and almost completely wiping our account. The reason for that though was the time settings. If you refer to the manual they mention adjusting the time settings in your MT4. Once we adjusted this we received much more impressive results. Over a 12 month test period (beginning Jan 2008) we had almost a 100% account increase.
Now, this is OK but not great and unless you are trading large sums of money it won't make you a millionaire. It is consistent though and running multiple brokers on smaller accounts can also yield great profits based on back testing.
So, what is our final opinion? We really liked this robot and think that it has massive potential. We recommend that you purchase it, run your own backtests with your broker and analyze the results for yourself. After that run a demo account for a month or so to analyze performance. New software can be unpredictable and updates can come out. Running it on a demo account can minimize your risk and ensure that when you decide to 'go live' you are doing so with confidence that you'll profit.
So give it a shot and you can always return it for a fullr efund if it isn't up to your expectations. Happy Trading!!!
Specifications
| Format: | Autotrader for MetaTrader4 |
| Delivery: | Digital Download |
| Price: | $97.00 |
| Warranty Information: | 6 Week Money Back Guarantee |
| Created By: | Albert Perrie and John Grace |
| Customer Support: | Full Email Support |
| Official Site: | www.forex-megadroid.com |
Customer Reviews
Submitted By adel on 27 April, 2009
This is a wise EA ! .. it trades less but wins more. more than %90 winning rate and very low drawdown. besides the system itself, the results on their website is honest and not fake like many others. I respect that. the onlything I really find it - negative - about this EA is that they should tell the users how important it is to set their GMT settings correctly. they should make this point more clear in the memebrs area and tha manual. the other thing is .. there is no ( I.A ) involved in the system at all. it's a symple and clear trading strategy. I understand it's a marketing thing, but they really didn't have to say that! .. in my opinion. overall .. the EA works great and very profitable. ( didn't test their support but the order process was very fast and simple ) .. 5 Stars
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