As close friends, over time they firmed up their thoughts about developing their own 4x trading software robot. Sadly the Forex MegaDroid has a horrid sales page like all the others do - which initially was a big turn off for me. It's exactly the look and feel you'd expect from a used car salesman with sleazy tactics. It is so tacky that I expected to be reporting here that their 4x software product is a disgrace. But during my research of them, I was forced to reconsider my first impressions.
The proven, ongoing live testing results confirm this. In all of the live-account testing I have seen, there is no question that it performs exceptionally well. They claim better than a 95% successful trade rate - which I doubted very much - but it's true. I have seen the proof many times. Visit Forex Robots Reviewed by clicking the link below to see links to live 4x trading accounts of this 4x software in action. This guy bought his MegaDroid, installed it easily, and opened live forex trading accounts with 3 different brokers. In each accoun
t he put $3,000. From each account ID, he gave his MegaDroid the data feed from each broker. The robot can then execute trades on his accounts. He set his limits of risk he was happy with per the training. And then he sat and watched. He is a novice trader. He has just started out. He did nothing more than install it, set it on the default risk levels. Then he just watched and let it do its thing. At the time of writing that review (May 14, 2009) - his 3 different broker accounts (using the one copy of MegaDroid) had made 37 trades.
Of the 37 trades, 36 made a profit - only 1 trade lost money - $7.36. For the 24 days trading till just then (on fully automatic) - his net profit is $1,067.15. I am impressed by that. As of May 14, 2009 that's 97.3% profitable trades.
Also it is important to note the $/trade profit versus the $/trade loss. The 36 profitable trades were for an average of $29.85 profit each trade. As said, the 1 losing trade was for $7.36. So, that's 36:1 profit to lose ratio on the number of trades. And a 4:1 ratio on the size of profits compared to losses. My view is that even if a trader was expert and smart enough to do what the MegaDroid has demonstrated here, no human could concentrate long enough and consistently enough to match the performance. Still not impressed? Then look at other live 4x trading account on the website Forex Robots Reviewed (link below).
MegaDroid $10,000 opening balance January 1, 2009 LIVE As of May 14, 2009 it has now got a balance of $78,138.70. 103 trades - 101 trades made a profit. Look at the profit graph - sorry you have to visit the web page to get the link to the live 4x trading account. Through the years of Forex trading John and Albert did realize that most Forex robot systems were designed and developed with only a single forex market condition in mind. While this maybe true, I don't really care - I just want it to make money reliably and safely. Every Forex trader does know that the forex market changes all the time.
It is clear from real proof that the MegaDroid Forex Trading Robot has a system built into it that embraces this change. The vendors claim this system has been successfully created to perform at 95.82% accuracy. What I have witnessed from real traders doing real trading it performs better than that. The novice is seeing 97.3%, and the professional is seeing just slightly better than 98%.
But don't rush off an buy Megadroid just yet. There are some important facts you need to know - so visit Forex Robots Reviewed to find out all about it.