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 It 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.
One of the common problems with typical forex software is that these programs only make money when the markets are very stable and consistent. The older style of trading software was based on rules that were inflexible and so were unable to cope with any major changes or patterns of currency 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.
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…?
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.
But a steady and slow approach is more likely to lead to long-term growth. If this software could teach beginning traders to look to the long term with more patience it would be a good thing.
Anyhow, the most recent version seems to have addressed that particular issue with 10 or more trades per week being reported.
Tags: Finance