Forex MegaDroid Review

Reviewer: John Chapman
Rating:
Website Reviewed: Forex MegaDroid Robot

Forex MegaDroid is one of the latest Forex Expert Advisors (EA) launched in March 2009. The developers and founders are Albert Perry and John Grace, who have more than 38 years of forex trading experience combined. Forex MegaDroid comes with a lot of buzz, claiming to have a 95% accuracy rate, which means that the robot will make successful trades more than 95% of the time. Sounds good for sure, but what's the real deal. It's not the first time a forex expert advisor software has claimed to be infallible. I've taken a look at the robot and tested it for myself and you can see my review below.

Click Here to Visit the Forex MegaDroid Official Site

The new thing that Forex MegaDroid brings to the market is what they call RCTPA, Reverse Correlated Time & Price Analysis. Behind the words is a system that is able to predict market conditions in the future and not just based on technical indicators. Market adaptation is the number one selling point of Forex MegaDroid. If you have read other articles about forex and forex robots, you probably already know how important it is to adapt to the market conditions.

This new Market Adaptation intelligence sets the Forex MegaDroid apart from other robots that only use a fixed set of rules. Not to say, those other robots can't be profitable, because they can, but I particularly like the idea of RCTPA because it mimics real life trading better. Most decent robots will make money in a forex market in optimal conditions, but won't deliver as well, when there are news releases or there is a significant event. Forex MegaDroid claims to be able to handle any market condition.

Here's what you get:

Forex MegaDroid Robot
Forex MegaDroid Guide
24 Hour Live Support and Forum

I have tested their support and they were very helpful even if I asked them somewhat difficult questions (I am like that, I don't just accept whatever I'm told!).

OK, let’s have a look at the good stuff first:

It's a rather inexpensive robot priced at just $97, so it will be available to most traders. Let's be honest here, if you can't come up with $97 then forex is not the place for you.
5 minute setup pledge. Their website claims it takes no more than 5 minutes to install and run Forex MegaDroid, it took me about that time to install.
Trades EUR/USD only. This one has been a topic of some debate, but I absolutely think it's a positive. EUR/USD is the most traded currency pair and the most stable, meaning optimal conditions for an automated system.
Forex MegaDroid is a ClickBank Product, which means you get a 60 day money back guarantee. Pretty good deal in my opinion.

What about the bad stuff then?

Customer service is a bit slow. Nothing horrible, but sometimes they can take a while to get back to you.
Needs to run on a computer that is on 24/7 or run on a forex server. I've solved this by paying $30 a month for hosting.

Click Here to Visit the Forex MegaDroid Official Site

That's it really. There's not many negatives to mention about Forex MegaDroid. I liked it, but did I make any money? Read on below.

As you can tell from other reviews, I run more than one robot at a time. I do this to split test and so I can compare the robots under similar conditions. At the moment I am running 11 forex robots on real money account. Forex MegaDroid has been running for a month now and is currently ranked third of all robots, but gaining fast. It's been making me over 145% annual growth. I have big hopes for this robot as I've seen much better results than mine on the internet. I do recommend you take a look at their web site and for the price this bot's a worthy investment.

Note: Forex Trading is a very risky form of online investment and is not suitable for many traders. Please read the investment disclaimer on Forex trading. All information on this website is for informational purposes only. The use of this website constitutes acceptance of our terms and investment disclaimer.