The Official Forex Megadroid Review
My Forex Megadroid Review
This Megadroid review looks at the expert advisor program that says it's seeing into the immediate future with an astonishing 95% accuracy. Artificial intelligence is one thing - but reliably predicting the future is really another. So how does the program measure up in practice? And can it really forecast the ups and downs of the currency markets?
How Does It Work
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.
The new market adapting and intelligence as you might have guessed from this phrase actually allows the new generation of trading software to learn from the changing market patterns. They can now actually adapt to a certain amount of inconsistency and refine their trading rules accordingly.
Of course were not talking about longer-term predictions here. Megadroid attempts to see market movements only 2 to 4 hours ahead of time.
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 software needs to win on five trades for every loss, so a ratio of 90% would really make for good profits. Remember though this doesn't mean that your first five trades would necessarily be winners. You could have several losses at the beginning which would eat into your trading capital. The more experienced currency traders know this and realize that it's part of the game.
Some users have reported an amazing 10% to 20% increase on their life accounts over a 30 day period which is indeed a very amazing track record.
Downside
Some traders have reported that Forex Megadroid didn't make as many trades as they wanted at first. People were seeing only three or four trades per week. This meant that unless you wanted to risk larger amounts of money you wouldn't have had a chance to make money quicker, which is of course what most people want to do.
But a steady and slow approach is more likely to lead to long-term growth. If this software could teach beginning traders to look to the long term with more patience it would be a good thing.
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. - 23226
This Megadroid review looks at the expert advisor program that says it's seeing into the immediate future with an astonishing 95% accuracy. Artificial intelligence is one thing - but reliably predicting the future is really another. So how does the program measure up in practice? And can it really forecast the ups and downs of the currency markets?
How Does It Work
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.
The new market adapting and intelligence as you might have guessed from this phrase actually allows the new generation of trading software to learn from the changing market patterns. They can now actually adapt to a certain amount of inconsistency and refine their trading rules accordingly.
Of course were not talking about longer-term predictions here. Megadroid attempts to see market movements only 2 to 4 hours ahead of time.
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 software needs to win on five trades for every loss, so a ratio of 90% would really make for good profits. Remember though this doesn't mean that your first five trades would necessarily be winners. You could have several losses at the beginning which would eat into your trading capital. The more experienced currency traders know this and realize that it's part of the game.
Some users have reported an amazing 10% to 20% increase on their life accounts over a 30 day period which is indeed a very amazing track record.
Downside
Some traders have reported that Forex Megadroid didn't make as many trades as they wanted at first. People were seeing only three or four trades per week. This meant that unless you wanted to risk larger amounts of money you wouldn't have had a chance to make money quicker, which is of course what most people want to do.
But a steady and slow approach is more likely to lead to long-term growth. If this software could teach beginning traders to look to the long term with more patience it would be a good thing.
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. - 23226
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So what is the final verdict on Forex Megadroid Review...? You'll need to go here to see what I really think about this forex software.
posted by X - Men @ 2:22 AM
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