Forex Megadroid ™ Review

Rating and Review:

Up front you’ve got to know that I am not a proponent of using robots and black boxes to make trading decisions. However, I will attempt to keep this review as unbiased as possible.

The verdict is still out on this relatively new program that hit the streets in mid April of 2009. However, most people are reporting that, on balance, the EA is profitable.

Although it seems to be performing well, it looks like it’s programmed to take small profits while leaving the door open for potentially large draw downs. Apparently it closes positions with about a 10 pip profit and sets stop losses at between 100 and 150 pips.

In other words, one large loss can wipe out ten to fifteen gains.

Most professional traders are in the habit of taking small loses and letting profits run. Therefore this programming is diametrically opposed to most good money management philosophies.

Also, the Forex Megadroid™ robot does not trade on Monday mornings, Fridays, or weekends.

While some people are getting two to three trades a day others go a week without getting a trading recommendation

Based on other people’s input, if it performs as advertised it can be considered to be breakthrough technology. However because it still has a very limited track record the jury is still out on this one. Therefore it can’t, in good conscience, be rated higher than three stars.

If you are comfortable having a new robot trade your account and decide to buy Forex Megadroid, consider testing it first on a demo account before risking any significant amounts of money.

Product Name: Forex Megadroid™

Price: $ 97.00

Product Developers:
John Grace – strategy
Albert Perrie – strategy
Hector Lusting – programming

Return Policy: 60 day money back guarantee

Forex Megadroid™ Review – Consumer Complaints and Comments:

“I’ve been running this software live for less than a week on InterBankFX.com and already had three profitable trades. It really is an unprecedented EA and a suitable rival for FAPTurbo.”

- forex-tester from forexpros.com/forum

“Its just a one horse wonder, anouther night scalper…only does one thing, once per night, at one specific time, on one specific pair.”

- – Ken from forexpeacearmy.com

“The EA apparently does not trade every day and not even every other day.”

- pipsbuster from forexpeacearmy.com

“All they have done is set the Take Profits at a low minimum (avg 10 points or less from open price) while the stoploss is a far as 100 to 150 points away, So you need to keep getting 10 – 15 wins to one loss to break even.”

- – ilearn2t from from forum.fxopen.com

Forex Megadroid™ Highlights:

- Co-founders have 38 years of combined Forex trading experience
- Next level artificial intelligence – Reverse Correlated Time and Price Analysis (RCTPA)
- 100% automated – hands free
- Forex Megadroid bases its strategy on very short time frames – two to four hours. It’s more of a scalper than either a day trader or a medium term trader.
- Undetectable by any Forex broker

Click here for more information about the Forex Megadroid™ robot.