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My Megadroid Review

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 This Thing Works

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.

The new market adapting and intelligence as you might have guessed from this phrase actually allows the new generation of trading software to learn from the changing market patterns. They can now actually adapt to a certain amount of inconsistency and refine their trading rules accordingly.

Of course were not talking about longer-term predictions here. Megadroid attempts to see market movements only 2 to 4 hours ahead of time.

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 robot would need to win five trades for every single loss so the ratio of a 90% success rate would make excellent profits. Remember though this doesn't mean every single nine wins would be followed by one loss. You might even have a few losses at the beginning of trading which might eat away your capital. More experienced traders know that this is part of the game however, and must be prepared for it

In terms of percentage gains, users report 10% to 20% increase on live accounts over one month. That is a healthy profit.

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.