The Forex Megadroid Review You Need
Jul 18, 2009 Forex Currency
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 Albert Perrie and John Grace with over 3 decades combined experience in the currency markets and launched it in early 2009, Forex software uses market adapting intelligence to make it more flexible enough in achieving a high level of accuracy in a moving market.
One of the criticisms about automated software like this is the rigidity of the rules the software must adhere to. This means it that it couldn’t typically anticipate the changes in the currency markets and adapt like a human would.
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.
What are the results…?
These are still the early days, and the software has only been out for six weeks, but the reports from traders on foreign currency exchange trading for alms seem to be very very good. People are reporting that they’re seeing 90% or higher 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
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.
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Tags: currency trading, finances, Forex Currency, forex software, Forex Trading, how to trade forex online, Money Markets
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