My Megadroid Review

This Megadroid review looks pretty closely at the new software that says it’s looking into the immediate future with over a 95% accuracy rate so far. Sure, artificial intelligence is one thing but actually predicting the future is quiet another. So then how does the megadroid measure up in reality? Can it really foretell the movements of the markets?

How It 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.

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.

What are the results…?

At the time of writing, this program has only been out for about 6 weeks so it is early days, but reports from users on the foreign exchange trading forums are very good. Many people are seeing 90% or more successful trades.

The software needs to win on five trades for every loss, so a ratio of 90% would really make for good profits. Remember though this doesn’t mean that your first five trades would necessarily be winners. You could have several losses at the beginning which would eat into your trading capital. The more experienced currency traders know this and realize that it’s part of the game.

Some users have reported an amazing 10% to 20% increase on their life accounts over a 30 day period which is indeed a very amazing track record.

Downside

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.