Forex Software Review

There seemed to be a huge amount of hype surrounding the introduction of Forex Megadroid in March '09 and apart from the release of Fap Turbo, it was no doubt among the largest introductions of a Forex currency trading robot I've ever observed. As outlined by the creators of Forex Megadroid, this software has exhibited reliable success since 2001, having a effectiveness of 95.80% in a myriad of current market conditions. Will Forex Megadroid truly succeed? I resolved to purchase the product and test drive it for myself. The results until now has been incredibly notable.

What's different about Forex Megadroid? A lot of Forex trading robots work well within preferred market conditions, but are unsuccessful when the economy changes. Lots of bots that work effectively if the market is ranging, ; however , make enormous failures when the market starts trending and vise versa. The renowned Fap Turbo requires a flat, ranging market in order to execute properly. Among the primary elements that the makers of Forex Megadroid are pushing is that it functions under Every market condition.

Another Major frustration with Fx bots and the Metatrader platform commonly is the dishonest methods deployed by agents. It's popular understanding that many Metatrader broker agents trade against their customers and in conjunction with things like substantial spreads, off quote blunders and slippage it has turned out to be practically impossibile for a trading robot to repeatedly generate income. Forex Megadroid could be the first bot ever to be unveiled along with a broker security or anti-broker method. They have a pledge on the Forex Megadroid Homepage that says: “No Forex Broker In The World Will Ever Know You Are Trading With Forex MegaDroid, No Forex Broker Will Ever Be Able To Stop Forex MegaDroid™ From At Least Quadrupling Every Dollar You Deposit …“.

Yet another thing with this automatic robot is the so called RCPTA (Reverse Correlated Price and Time Analysis) technology, that's meant to be a new frontier in Artificial Intelligence engineering. In my perspective this really is just a fancy way to say that Forex Megadroid uses an incredibly specific, intuitive technique to be able to foresee upcoming activities of the currency pair it operates on. The actual makers of Forex Megadroid publish trade by trade final results of the bot on the Forex Megadroid Home page and the effects certainly seem outstanding – the account has just about quadrupled already in 2009.

What’s Included in the Package?

Once you have purchased the Forex Megadroid package you are taken to the members area where you can download the latest version of the robot and the installation manual. The product consists of the following main components:

Is Forex Megadroid Profitable?

Forex Megadroid is still very new to the market and its long-term profitability is not known at this stage, but to date the results have been very impressive. I tested the system over a 2 month period and during this time the robot performed 27 trades for a total profit of 257 pips. The success rate was 100% and all 27 trades were successful, so their boasts of a 95% success certainly does not seem false at this stage:

One big problem I have found with Forex Megadroid is that many new customers end up losing money because they used incorrect settings, or because they simply did not understand how to use the Forex Megadroid software to it’s full potential, which is really unfortunate.

Conclusions and Recommendations

I have been very satisfied with Forex Megadroid so far. The robot seems to perform exactly as marketed on the website and if it proceeds to perform like this it will soon inhabit the number 1 position on my list of Forex robots. The launch price of $97 is still in place, but there has been a lot of talk about a possible price increase so if you still want Forex Megadroid then I recommend you move swiftly.