A Review of Forex Megadroid

[Jay Hawk]

Forex Megadroid: The vendors of most of the popular forex trading robots currently available online routinely make amazing claims about their products being exceedingly profitable. Forex Megadroid’s vendors are no exception to this marketing-driven tendency. Based upon Megadroid’s impressive performance since its initial release in March of 2009, co-founders John Grace and Albert Perrie now claim Megadroid is the most consistent and profitable forex trading robot in the industry.

Interestingly, Forex Megadroid seems to be an evolutionary step forward in automatic trading software. According to the vendor’s site, the trading robot combines advanced artificial intelligence based on Reverse Correlated Price and Time Analysis or RCPTA technology with John and Albert’s real forex trading experience to produce remarkable profitability results for its customers, even in variable market conditions.

Forex Megadroid also has a generally good track record of customer reviews, and its vendor’s site boasts an impressive performance of the forex robot returning 1,933.59% in the first 341 days of 2009. Furthermore, while back testing is not always the best indicator of future success, it would seem that 2009 was not an isolated profitable year for Megadroid, since it seems the worst performance this robot has had on a yearly basis was an annual gain of 333.05% in 2006. Megadroid also claims an overall trading accuracy of 95%, but although it may be profitable, the robot does not trade very often in practice.

As far as getting the Megadroid software up and running on your computer is concerned, most people will be pleased to learn that the process is relatively simple for anyone with a computer running a recent version of Windows. If you have not done so already, you will first need to follow some simple instructions to download and install the free MetaTrader 4 forex trading platform available at www.metatrader4.com since Megadroid acts as an Expert Advisor which runs within MetaTrader.

You can then pay for, download and install Forex Megadroid within your MetaTrader directory. The vendor even gives a five-minute installation guarantee to customers, perhaps just to emphasize the point that they have gone to considerable lengths to make the process fast and simple. The other vitally-important guarantee Megadroid’s vendors make is that you will be satisfied with their product. Since purchases are processed via ClickBank, you get their standard 60-day period to review the Forex Megadroid product with hassle-free refunds assured by ClickBank’s excellent return policy. Be sure to try the software out quickly to make sure that it does what you expect it to.

Once Megadroid is installed, you can set risk parameters according to your risk tolerance preferences and then set the robot trading for you via MetaTrader on a practice or live account. Furthermore, if you have a large portfolio at risk and a potentially-interruptible Internet connection, it might also make sense for you to run your MetaTrader installation on a remote server to prevent connection down-time from adversely affecting your trading results.

With respect to price, the standard price is $149 via www.forex-megadroid.com. This pricing compares well with other popular forex trading robots like FAP Turbo, and the cost can easily be made back with just a couple of good trades. As a result, Forex Megadroid seems well worth a try for anyone who would like to test drive a fully-automated forex trading system to see if they really can just sit back and let an expert advisor do all the trading work for you.

[1954baby]

Nice review. For me it is certainly the best robot on the market and I tried a lot the list reads like this Auto Cash, Auto Scalper, FRED, Holy Grail, Piptronic, Forex Rising, Robo Trader, Supremacy, Tracer. I have probably missed a few. Most did not get out of demo.

I have realised later rather than sooner that there does not seem to be a "robot holy grail". But Megadroid is the closest thing out there.

I follow the advice given on www.droidtactics.com by a guy called Ben Cook and that does give you more trades. I had an email from him tonight and it suggests he will be opening his doors for business again soon.

I also close down Megadroid at the slightest hint of trouble NFP Friday. FOMC, G7, G20 meetings etc. Following Marc W lead of if in doubt stay out. By doing that I have missed a few stop loss hits.

Don't expect to become rich using Megadroid it is safer as a slow burner - part of a portfolio.

To Check out Forex Megadroid CLICK HERE