Forex Megadroid™ - Should You Believe the Hype? By Stephen J. Lewis
In this article, we take apart and test out Forex Megadroid™. Is it a scam or a success story waiting to happen? Read on and find out.
Released on March 31st, 2009, Forex Megadroid™ was developed by Forex trading legends Albert Perrie and John Grace, based on the strategies they've used over 40 successful and profitable years in the market.
Megadroid uses an algorithm called "Reverse Correlated Time and Price Analysis" (RCTPA) to predict market conditions in the immediate future by rapidly analyzing similar past market conditions. Like any other financial market, the Forex market follows specific patterns and trends, and this algorithm allows Megadroid to make a profit by successfully predicting those patterns in advance.
Forex Megadroid™ has made waves by being the first Forex robot to offer "market adapting intelligence". Megadroid learns from its mistakes: if a trade loses money, then it will analyze what factors caused the loss and use that information in future trades. Most Forex robots cease to be useful once market conditions change enough that what they "know" no longer applies; Megadroid, on the other hand, continues to learn, adapt and profit.
Initial testing results have been amazing.
This product has only recently entered the market, so these figures may change over time, but Forex Megadroid™ has demonstrated a 95-96% success ratio on trades and tripled at least one account. The robot was also excellent at limiting losses by avoiding drawdowns; these are two signs of excellent automated software.
As always, you should perform your own research before purchasing, but Forex Megadroid™ is a trading robot to keep your eye on.