The Real Forex Megadroid Review
My Forex Megadroid Review
This Forex Megadroid review takes a close look at the expert advisor software that claims it is seeing into the immediate future with 95.82% accuracy. Artificial intelligence is one thing - predicting the future is another. So how does the droid measure up in practice? Can it really foretell the movements of the markets?
How This Thing Works
Developed by John Grace and Albert Perrie from out of 38 years combined experience in the forex markets and launched in the spring of 2009, Forex Megadroid uses what is called market adapting intelligence to make it flexible enough to achieve a high level of accuracy in a fluctuating market.
One of the common problems with typical forex software is that these programs only make money when the markets are very stable and consistent. The older style of trading software was based on rules that were inflexible and so were unable to cope with any major changes or patterns of currency market fluctuations.
However, the new market adapting intelligence, as you might guess from the name, allows a new generation of forex robots to learn from these changing patterns so that they can adapt to a certain amount of inconsistency in the markets and refine their trading rules to fit. This gives your funds a much better chance of surviving when things become more than usually volatile.
But we're not talking about longer-term predicting ability here. Forex megadroid attempts to predict the market movements in the shorter term, say movements in the markets for the coming 2,3 and 4 hours.
How about the results
At the time of writing, this program has only been out for about 6 weeks so it is early days, but reports from users on the foreign exchange trading forums are very good. Many people are seeing 90% or more successful trades.
The bot needs to win 5 trades for every loss so a ratio of 90% will make good profits. Keep in mind though that this does not mean always 9 wins followed by 1 loss. You could have a couple of losses in short succession which will eat into gains and could frighten off beginners. Experienced traders know that losses are part of the game and must be prepared for them.
In terms of percentage gains, users report 10% to 20% increase on live accounts over one month. That is a healthy profit.
Disadvantages
Users report that the Megadroid did not at first make as many trades as they expected. People were only seeing 3-4 trades a week. This meant that unless you wanted to risk large sums, you would not have a chance to make a lot of money in a short time, which many people starting out in forex want to do. So this was frustrating for many users.
However, a slow and steady approach is much more likely to lead to long term growth. If this software teaches beginners to look to the long term instead of trying to make a fortune overnight, it will be doing us all a service. So have patience while your bot is sitting there waiting to trade.
Anyway with the recent release of version 1.1, long gaps between trades do not seem to be so much of an issue and users are reporting up around 10-12 trades a week now. - 23310
This Forex Megadroid review takes a close look at the expert advisor software that claims it is seeing into the immediate future with 95.82% accuracy. Artificial intelligence is one thing - predicting the future is another. So how does the droid measure up in practice? Can it really foretell the movements of the markets?
How This Thing Works
Developed by John Grace and Albert Perrie from out of 38 years combined experience in the forex markets and launched in the spring of 2009, Forex Megadroid uses what is called market adapting intelligence to make it flexible enough to achieve a high level of accuracy in a fluctuating market.
One of the common problems with typical forex software is that these programs only make money when the markets are very stable and consistent. The older style of trading software was based on rules that were inflexible and so were unable to cope with any major changes or patterns of currency market fluctuations.
However, the new market adapting intelligence, as you might guess from the name, allows a new generation of forex robots to learn from these changing patterns so that they can adapt to a certain amount of inconsistency in the markets and refine their trading rules to fit. This gives your funds a much better chance of surviving when things become more than usually volatile.
But we're not talking about longer-term predicting ability here. Forex megadroid attempts to predict the market movements in the shorter term, say movements in the markets for the coming 2,3 and 4 hours.
How about the results
At the time of writing, this program has only been out for about 6 weeks so it is early days, but reports from users on the foreign exchange trading forums are very good. Many people are seeing 90% or more successful trades.
The bot needs to win 5 trades for every loss so a ratio of 90% will make good profits. Keep in mind though that this does not mean always 9 wins followed by 1 loss. You could have a couple of losses in short succession which will eat into gains and could frighten off beginners. Experienced traders know that losses are part of the game and must be prepared for them.
In terms of percentage gains, users report 10% to 20% increase on live accounts over one month. That is a healthy profit.
Disadvantages
Users report that the Megadroid did not at first make as many trades as they expected. People were only seeing 3-4 trades a week. This meant that unless you wanted to risk large sums, you would not have a chance to make a lot of money in a short time, which many people starting out in forex want to do. So this was frustrating for many users.
However, a slow and steady approach is much more likely to lead to long term growth. If this software teaches beginners to look to the long term instead of trying to make a fortune overnight, it will be doing us all a service. So have patience while your bot is sitting there waiting to trade.
Anyway with the recent release of version 1.1, long gaps between trades do not seem to be so much of an issue and users are reporting up around 10-12 trades a week now. - 23310
About the Author:
Here's my Forex Megadroid Review...? You will want to go here to see what I really think about this forex software.
posted by Mr. Forex at
2:23 AM
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