Forex Megadroid review

Forex
MegaDroid is the brand new automated forex trading
robot from creators Albert Perrie and John Grace. It is one of the 'new age' auto traders that claims to be able to analyze the market and adjust itself for future predictions. This is unlike other robots who study past trends for future predictions.

Go to the official Forex MegaDroid site

The creators claim to have a combined 38 years experience in the forex industry and have translated this knowledge into their latest invention, the Forex MegaDroid robot.

Forget all the hype you are reading, below we have collected various reviews from around the web and combined it with some of our own information to offer one of the only unbiased opinions we have seen anywhere on the internet. So keep reading and find out how we ended up with the ratings that we gave it.

There is a lot of mixed opinions about this one floating around out there which is good to see, no product is ever perfect and a bit of debate is good for growth of the industry. But please note that it is impossible to give a full review of this product at such an early stage. It won't happen and any complete reviews on live test accounts that you see are completely fabricated in order for you to buy the product. The best you will see (and what we're offering) is a review on backtest performance.

We ran 2 backtests, the first being horrible and almost completely wiping our account. The reason for that though was the time settings. If you refer to the manual they mention adjusting the time settings in your MT4. Once we adjusted this we received much more impressive results. Over a 12 month test period (beginning Jan 2008) we had almost a 100% account increase.

Now, this is OK but not great and unless you are trading large sums of money it won't make you a millionaire. It is consistent though and running multiple brokers on smaller accounts can also yield great profits based on back testing.

So, what is our final opinion? We really liked this robot and think that it has massive potential. We recommend that you purchase it, run your own backtests with your broker and analyze the results for yourself. After that run a demo account for a month or so to analyze performance. New software can be unpredictable and updates can come out. Running it on a demo account can minimize your risk and ensure that when you decide to 'go live' you are doing so with confidence that you'll profit.

So give it a shot and you can always return it for a fullr efund if it isn't up to your expectations. Happy Trading!!!