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 Does It Work

This forex software has taken well over 30 years to develop and was finally been launched in early 2009. It uses a sort of market adaptive intelligence to make it flexible enough in achieving a very high rate of accuracy in a turbulent market setting.

The criticism thrown at most automated forex software by many traders is that the robots can only make money if the markets are consistent. The old style of robot that was based on inflexible rules was not able to cope with major changes in the patterns of 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

The software has only been put through its paces in the public for approximately 6 weeks at present. But early reports from traders in currency exchange forums seem to be very positive nonetheless, with reports of over 90% 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.

Users have reported a 10% to 20% increase on live accounts over one month which is a very healthy profit.

Any 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.