Forex MegaDroid

Posted on March 29, 2009

 Forex MegaDroid

UPDATE:

Forex Megadroid’s price is going up to US $149 on Friday, January 22nd, 2010 – Get it before the price goes up!

UPDATE: I just bought this forex robot (here is the “official announcement”)  and I’ve also just published the first performance testing results update over here.

UPDATE: For the second performance update go here now!

Have any of you guys heard much about this Forex MegaDroid forex robot? I’ve been receiving e-mails from the usual promoters promising the moon with this forex robot. For example:

Today you’re about to learn WHY a Forex robot can actually see into the

immediate future with an unheard of accuracy rate: 95.82%

 

The developers of Forex MegaDroid have taken it upon themselves to

push things further… much further …and they’ve certainly achieved their

objective:

 

==> Over l00% Net proflt per month, every month… complete autopilot

robot trading.

The supposed developers are two guys by the name of Albert Perrie and John Grace. I’ve never heard of these people and I wonder if they’re even real persons or just aliases.

The robot itself is said to be based on some RCPTA technology. I have no clue as to what this  RCPTA tech is – do you? If so let me know.

UPDATE: I found out at least what RCPTA means. It’s actually called Reverse Correlated Time And Price Analysis (RCTPA) theory. What it DOES I’m not sure yet, but will soon find out.

I signed up for their “early bird” VIP mailig list so I will post more details about this forex robot as I receive them.

Until next time,

Happy trading!

Alan
http://alansforexblog.com

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85 thoughts on “Forex MegaDroid”

  1. Pingback: Private Blog » bForex/b MegaDroid | Alan#39;s bForex/b Blog

  2. Yeah I did hear about and I’m still puzzled with what they had claimed. We do know FABTurbo forex and now we have another player who say’s their robout is a AI.

    If you read a review on auto forex then you would know that it’s all played upon meta. I dont know about this system yet but i’s really big thing if it does what it claims to be. But still better get a review about this product first then we’ll know what exac it’s about.

  3. Its difficult to see or even find out if this meta trader advisor could be AI. No one and certainly no software can ever ‘see’ into the future and no what event will come next or when the market will change from trending to swing etc. I expect an advisor can be a little more predictive as long as it is restricted to very short term trades. That would need fine spreads and good timing to offset the number of trades and costs involved.
    The marketing machine talks about the hughe accuracy and breakthrough achieved but as with all the other similar products pushed to get a truely independent expert test who has access to teh programme code and real (not demo test) trade data is nigh on impossible.
    I find it surprising that this or any other seller dont restrict their offering by trading as a managed programme and take the 20% performance fee. That would maximize their revenue but mean the product must deliver day by day in the real world.

    Michael

  4. To comment #1:

    Well, I may purchase it like I do typically and review it, but I have a lot on my plate at the moment. I haven’t decided at this point.

    To comment #2:

    I hear you Michael. I too am skeptical. I have found a few “AI” expert advisors available freely on the net but none of them perform really well. Also as you say if the robot is so good why offer it to us in the first place, why not offer a managed account setup as you say.

    It would be nice if they setup a test LIVE account and post the results as the FapTurbo guys did.

    Personally I think the right way of offering a successful automated trading system to the public is via a monthly subscription. The only other commerical “artificial intelligence” forex trading system that I know of comes from a company called “Bogie Enterprises” The guy behind it won the ATC 2007 (annual expert advisor trading championship) with his EAs.

    See this link for details:

    http://alansforexblog.com/2008/08/23/bogie-nn-v8b-expert-advisor-test-results/

    So like I said I think the guy at Bogie Enteprises is doing it right. You can subscript to the EA for as long as it continues to make a profit for you. With forex megadroid you can ask for a refund within 60 days but what if the trading system stops working 61 days after the refund period..

    So anyways, before I start rambling on and on I’d just like to kindly ask that if any of you end up buying this product to please share your performance results over at my forex nirvana forum.

    Please post it in the commercial trading systems section over. In fact there appears to a thread already there. Here is the direct link:

    http://www.forexnirvana.com/showthread.php?p=2809#post2809

  5. Pingback: Forex MegaDroid Developers Live Webinar | Alan's Forex Blog

  6. Forex Megadroid is being hyped so heavily it’s insane! I have received multiple emails over the last few days from at least 10 other forex EA and other forex websites that have my email trying to market this to me. When you do web searches it all over the place. lots of people are trying take advantage and make a profit on this in every way possible. Lots of people will be buying this no matter if it works or not, their marketing is extremely slick. It’s getting at least 3x plus the coverage of the recent”Surfire Trading” package that was so heavily hype and sold out multiple times according to Mark McRae (Surefire Marketer) who has aslo been marketing MegaDroid to his customer base and trying to cash in on the MegaDroid affilate dollars. The Fapturbo Guys are marketing it heavily too, they can sure stand to make a huge amount in affiliate $$$ if 1/2 of their customer base (huge email list of people that bought their EA) buys it and that’s a real possibility based on the hype on this one.

    Here is the Forex MegaDroid Affiliate Website I found: http://forex-megadroid.com/jv-details.html highly organized.

    So what happens when all these people who buy this start using this on the same broker to place trades? Over saturation is my feeling based on the amount of hype. Hopefully they have some kind of magic in place to handle all the users and stay profitable.

    If its soooo good and has such great results why don’t they sell it for way more money Say $500 to $1000 to limit the user base or create a monthly fee like so of the others posters mentioned?

    I am feeling pump and dump here! Their interests seem to be to make as much $$$ from the little guy who is seeking an opportunity and retire. They might have seen that the short term potential is much more profitable than the long term potential because it doesn’t pan out in projections.

    They are teasing people but not giving out any real info. They have been very strict in limiting the info that is released. What pairs does it trade? Any live results? What’s the down draw? What’s the risk reward? What hour’s does it trade? etc. etc.

    I don’t want to be so skeptical but I have seen this many many time over throughout my life. The marketing techniques just get better and better and in the end you are the one out of your money.

    I hope my feeling are not true and this is not too good to be true. I hope today’s webinar quells my fears on this and it is revolutionary and works for a while for everyone that buys it and they make some money.

    That’s my 2 pips on this. We will soon find out more.

    Thanks Alan for doing all that you do! You run an awesome bunch of forums and blogs! Keep up the great work. I learn so much from your blog and forum post.

    Sincerely,

    FTrader1

  7. I think sooner or later if the dealing desk brokers starting losing a lot of money cause of this EA they’ll just ban it like some brokers have done with FapTurbo for example.

    If they sold it for $500 to $1000 their potential customer base would be a LOT smaller – the idea I think is to try to appeal to the masses and thus they have to keep it affordable.

    It could be a pump and dump as you say. The last pump and dump that I got stuck with was some EA called Silicon Forex – what a piece of garbage EA that was. But anyways, yeah it could be as you say.

    Oh btw in regard to the webinar see this post:

    http://alansforexblog.com/2009/03/31/forex-megadroid-webinar-re-schedule/

    Thanks for the praise FTrader1…I’m glad you find my forums/blogs useful! 🙂

  8. I’m not sure about this robot. Watching the video, it seems the two ‘actors’ are reading a script and appear to be over acting anyway. Lets see what happens

  9. I bought it. hasnt traded yet.
    sketchy even on the site
    1. WHAT PAIRS IT TRADES
    2. NO LIVE DATA
    3. What is it grid system, scalper, etc. it was only after i purchased that i found out buried in the manual that its eurusd 1hr.
    4. Sessions? what times?
    theres more unanswered questions than answered questions and only the coming days will tell. could be skewed with the G20 meeting and any volatility in markets.

    doesnt seem limited to one machine? registration is by putting the clickbank receipt in the EA

    Might be like another robot selling for $4,500 that claimed to be the ducks nuts of EAS the sic. Omega one (cant remember), and had a return of 3% $3k profit on testing yet had more than a couple of $1,000 losses!! why t.F&k would you pay $4.5k for something with that much variability in profit.

  12. purchased Forex Megadroid on the 31st of March. Havent’ had any trades so far!!! According to support team this is normal. DID ANYONE OF YOU HAD ANY TRADES SO FAR? PRFITABLE?

    ONE IMPORTANT THING: IT ONLY TRADES DURING ASIAN SESSION around 22 p.m. GMT for one or two hours only. It changes then from “waiting” to “running”. Do you agree? Watch it during these times… So it is very very similar to fapturbo regarding trading hours times (I think 2 hours is the maximum or even only one hour). I have the similar times in my backtest which is really good by the way (fxpro)

  13. I don’t think that’s entirely correct there. It should trade during ALL trading sessions not just the Asian. Are you getting this from the users manual, or?

  14. no not from the manual, i just noticed that according to the backtest all trades werde made during asian session. On my live (!) account I did it went from “waiting” to “running” around 22 or 23 pm for one or two hours. That’s what I noticed, nohing more 🙂

  16. Here are some sample trades:

    “My results from last night, with GMT offset = 0

    140269 2009.04.01 21:59 sell 0.10 eurusd 1.32298 1.32866 1.31798 2009.04.01 23:33 1.32284 0.00 0.00 0.00 1.40
    141538 2009.04.01 22:27 sell 0.10 eurusd 1.32327 1.33189 1.31727 2009.04.01 23:35 1.32276 0.00 0.00 0.00 5.10

    with GMT offset automatic hence “correct” ,no trades, iam on FxPro.”

    quoted from a post on forex nirvana

  17. i will do it

    i am on fxpro as well. NO TRADES SO FAR! But according to support team this is normal…

  18. Has anyone of you had already some trades with ForexMegadroid? Demo or live? I am on Fxpro (live) and Alpari (demo. NO TRADES so far!

    I am looking forward to your answers.

  20. Mine traded last night for a few hours during the Asian session and took a 7 pip profit.

    Has anyone looked into their money management?

    I presume setting the lot size = 0 should let the system figure out the optimal size accord to the defined risk. Please comment.

  23. Erik,
    Interesting that you had one profitable trade on April 2. I had a 52 pip loss? On one hand, I would prefer to have had a profit, but on the other hand, perhaps this is a good sign in that all trades are not identical (?). I’m with FXOpen, and the sell position opened at 01:55 on April 2 at 1.3247, and closed at 09:14 same day at 1.3299. My GMT offset is 3.

  24. Doug did you make sure you have the correct GMT setting and that you took into account DST (daylight saving time) if applicable to your broker?

  25. ForexMegadroid sets the right GMT time automatically. The DST time is only necessary if you do a backtest. In case of fxpro for example GMT offset (automatic) is 3. For backtest it is 2 (3-1; GMToffset: 2; if you dont backtest it is set to 0, dont touch this if you dont backtest!). So it has nothing to do with DST or GMT running Megadroid. They are right, coz ForexMegadroid makes it right automatically.

  27. megadroid is totally bullshit !!! worst EA actually on the market.. its been running the whole week with no trades ..0 trades!! and if it trade it makes only 7 pips ,,loool.. ive ask for money back..

  28. I’m on the brink of asking for money back.

    Not because it hasn’t traded in a week (which it hasn’t for me) but because there is something fishy/culty about how the support team respond to requests for help. They refer you to their ‘records’ of successful trades as though you must be stupid or have a duff broker or something instead of actually accepting and resolving the problem.

    Ohh well, there are plenty more EA’s out there that work ok, Pipzu, Forex Rising etc etc, The AI claims are obviously BS anyway, Megadroid is all starting to look a bit like a rip off exercise. Lets see if the money back promise comes true???

  29. HJB I can’t really comment on their support as I don’t own this EA, but I can tel you that you WILL get a refund, just don’t be silly and ask a refund from the forex megadroid developers…You gotta ask ClickBank for a refund and you WILL get it – I guarantee it.

    Good luck with other EAs…

  30. right,

    FOR REFUND

    just get in contact with clickbank and not meagadroid support etc.

    at clickbank (look at your receipt there is a website indicated) there is even a button “ask for refund” and the refund will be processed automatcially. It takes some days but you WILL get it.

    many people don’t get the refund because they are not able to read. The contact the vendor itself…which of course in most case does not respond at all….

  31. Support has published result of a traded account. It is quite impressive. Anyway, we will keep our fingers crossed and see for ourselves this new week for the performance. Not selective trading as witnessed this week.

  32. II bought mine on the first of April and until now no trades. Do you have to have a certain balance for it to work? I am willing to wait and see afer a while ask for a refund if it does not live up.

  33. fxking did you check the “Journal” and “Experts” tab to make sure there are no errors preventing the EA from running?

    I don’t believe you have to have a minimum balance – the EA is supposed to automatically figure out the proper lot size based on your balance and risk level setting.

  34. I did all of that and no errors detected. Any more suggestions wold be great. Nothing on the demo either.

  35. Did you make sure to copy the forexdroid.dll file in the “libraries” folder of your MT4 install? This is all in the user guide btw…

  37. Hmm, odd…yeah wait a bit longer and see if it opens any trades and if it still does not open any trades try a different demo platform (fresh install) If that fails e-mail megadroid’s support..

  39. Hey guys, I hate to be frank, I DID make some money yesterday with this megadroid robot, just a little bit but it was slightly more than the cost of the robot, so I got back my investment. I am seeing the potential with it. You must know how to set it well, play around for a while. This thing does work. Seriously the less people buy this, the less competition I have. Haha

  40. Brian thats great…can you please publish your settings so i can ajust mine to match yours.

  44. Quick question: Am i being a bit silly.. my trades opened at the same prices as most people last night (around 11pm BST). Many of you who made a profit managed to have your trades close at 1.3440ish. But according to my charts, the market never trading that high.. but you are all showing some profit. Luckily i closed out the trades manually as I doubted the market could reach that high (and I was right). Can someone explain how the positions were closed at a price which never traded????

  45. I have had few good trades …i think its promising…it does not trade often dont expect anything friday,sunday or holidays. Be patient.

  46. I had three profitable trades today. MegaDroid works so far; lets hope the trend is maintained.

  47. i have been on practice for a week, 500 bank, in practice mode, made 3 trades, all profit, total 43$

    the trades were yesterday and today, around the same time interestingly

    im in practice for a month

    hard to get any response from the supposed service centre

    interestingly i googled the two founders and got nothing except the bot

    i thought 20 years in the industry you would warrant a mention somewhere…..

    it seemed to take about three days to look like it was working properly

    ill be watching to morrow morning

    wish me luck

  48. I personally don’t think those two “professionals with 20 years in the industry” are real – they’re just aliases, and that 20 years of experience is just a plain lie.

    Let’s face it people, they are trying to SELL you something and they will say anything to get you at least try their product. In the end I suggest you judge their whole operation only by the performance of the product because all the other details could be big stinking lies.

    Just my two cents.

  49. still total of just three trades, none yesterday or this morning, my time when the others have happened

    save yourself the postage stamp for customer service, they just refer you to statements , showing everyone is making more than me, ehich isnt a lot anyway

    maybe tomorrow………

  50. I purchased the MegaDroid this past weekend and have been running it on a live account with forex.com and a demo account with Alpari. So far, the droid has 6 winning trades and 0 losing trades. It’s up about 8% in 3 days so I’m very satisfied thus far. It trades the EUR/USD pair off the 1 hr. chart. It seems to be very efficient with the trades it opens and only seems to open 1 or 2 trades a day. Hopefully it will keep up this momentum but would say for under a hundred bucks its worth a shot!

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