Forex Megadroid Review
Forex Mega droid A Scam? – Let’s Find Out More About The ONLY Forex Robot on the Market with 95.82% Accuracy.
Launch Date: Tuesday, March 31st 2009 – 9AM EST
Website Link: http://forex-megadroid.com
What Is The Forex Megadroid Robot?
The Forex MegaDroid robot is the result of many months of research, testing and development.
It is the best solution for those who want to trade the Forex market with the help of sophisticated software and little human intervention.
Forex MegaDroid has been designed such that the user needs absolutely no experience or knowledge of Forex trading – a “Plug & Play” concept.
The robot is the only product of its kind currently on the market boasting such accuracy: 95.82% winners since 2001
Now, I know these claims may seam too good to be true but they are.
Let’s take a closer look at the product and its creators.
The Creators of Forex Megadroid
This Robot was created by John Grace and Albert Perrie. Both very experienced forex marketers with a combined in-field experience of 38 years.
They have actually held very important positions in the Forex industry, mostly in currency trading rooms of commercial banks.
After leaving their day jobs, their sole mission in life has been to revolutionize the Forex industry… to create something never seen before.
And they have certainly done that by creating the forex megadroid robot.
How Does The Robot Work?
The forex Megadroid robot is RCTPA driven.
RCTPA stands for Reverse Correlated Time & Price Analysis.
It is the first robot that uses this new RCTPA Intelligence technology and strategy that places trades looking into the future with accuracy rather than into the past with hope (like all current robots do).
By creating this RCTPA technology, Albert and John have proven that IT IS possible to see into the immediate future with unheard of accuracy… they proved that anything and everything done in Forex until today is “the PAST”.
Ease & Speed of Use
Everything has been taken care of for the you.
Once you get access to the forex megadroid you’ll be up and running in just minutes.
The creators have included a pre-configured copy of MetaTrader in the download area with Forex MegaDroid already installed, allowing you to start trading the robot on a demo account with the minimum of fuss.
“Every Single Dollar Deposited Will Be AT LEAST Quadrupled”
Watch This “FRESH” Just Released Video of the Forex Megadroid Robot.
EDIT: due to technical problems we cant host the video here.
Please visit the main website http://forex-megadroid.com to watch it.
Forex Megadroid Cost
We’ve received lots of emails asking the price of the product.
Here it is:
$97
If you ask me, I’ll say it’s a Bargain.
Get More Information Here
The forex megadroid robot is set to change the way you make money with forex.
Can’t wait to get your hands on it?
Get more details here at the official website.
I wish you success in your forex trading.
Thanks for reading.
Rob
EDIT: CLICK HERE TO SEE A FOREX MEGADROID STRATEGY TESTER REPORT.
HOPE THIS CLEARS THINGS OUT REGARDING THE ROBOTS PROFITABILITY.
CREDIT FOR THE FILES GOES TO “THESECRET” If You See This Pal, Come Say Hi.
CHEERS
Tagged with: Forex MegaDroid
the title of this review is forex MD can we leave out the refereces to other robots..
thanks
Hi Jewels
Humanoid EA works on MT4 platform. Change your settings in the input 1) Max lots to maybe 1.0 or less 2) Max trades to maybe 1
3) Risk % to maybe 5-10% This is how I got started.
The robot trades only 10 hrs. and goes to sleep rest of the time.
Robot is designed to work on 00:00 to 10:00 FXDD server time.
Thanks Lateef. I’ve got it running now!
A couple of weeks ago, I was running 7 copies of Megadroid. They all opened at about the same time, and all should have closed at the same time. However, 2 of them did not. I closed them manually at a loss of 5 pips each. I am sure they were on their way to 59 pip losses. So the question is why did they not close on time? I was running a tight slippage of 3 pips. If the robot tries to close, but the price has moved past 3 pips it will not close, but it will get a requote error from the broker. For this reason I am recommending a rather large slippage setting, if your robot is not closing on time.
This brings us to the question of how do brokers deal with winning robots? They have 3 methods which they used on Fapturbo: 1. They raised the spreads during the hours Fapturbo traded. 2. Traders got mysterious disconnections in the middle of a trade when trading large lot sizes. When they complained, the brokers just said we are sorry you have such a poor internet connection. 3. They give various error messages to keep the robot from closing the trade, such as requotes, misquotes, and a few others until the trade is in a loosing position. So if you are trading large lot sizes, like one full lot or more; be prepared to close the trade manually, or phone your broker and close the trade.
sorry for posting stuff other than MD I didn’t think much of it, and also Lateef thanks for your settings I appreciate it. well people have a great night.
Hi all
Still no one tested the Megadroid Pro version?
Latief where can one get the Humanoid for $47?
Anyway had a good day yesterday, believe it or not trading the EURUSD! Decided to throw caution to the wind (had a stiff drink first) and traded .500 lots. However it’s scary stuff and I don’t recommend it unless you really know it’s an A++ trade!
rgds to all
Nigel
Hi Nigel:
Here is the link:
http://forexhumanoid.com/halfprice.html
Hey Lateef,
Thanks for the link I just ordered my copy and hope it makes good trades such as MD. Have a great night Jewels
Hi, anyone tried EvyBot yet?
Hi Nigel,
Careful! You were just lucky. You are swimming with the sharks! Keep your manual trades down around lot size .01 until you establish a proven record. If you don’t, you will blow up and be looking for a job flipping hamburgers along side of the former traders from Lehman Bros and Bear Sterns.
Hi jerrycollie:
Just got the IvyBot and installed it on Demo account
Let see how it works out.
Hi Jerrycollie
Yep you’re 100% right of course. One has to overcome the instinct to trade constantly. Not every good looking opportunity is so good. I’ve noticed that buying into a recovery swing can be very trying and dangerous, whereas selling into a downward swing the trade usually starts looking good quite quickly! I think that the thing is that one has to make a decision (after making a good number of practice trades of course) to trade bigger lot sizes if you really want to make some real money. I’ve already made over a 150 trades so I’m beginning to get the idea. The biggest problem is FEAR! – cashing out trades way too early -one has to let the good trades run!
Latief – thanks so much for the link. I’ve bought it and now I’ve got Humanoid and MD Pro. Hopefully I can relax for a bit and let the robots worry for a change!!
Rgds to all
hi guys,
getting myself totally confused over the lot size and risk level settings.
Jerry, you mentioned to leave lotsize at 0 if you want MD to configure it for you and that risk level will determine lot size? is that correct? But then Calvin mentions his risklevel is 0.3 but he also adjusts lot size?
What should my lot size be for a 5k acc?
Any help appreciated.
Jerriecollie
Absolutely right about how brokers deal with winning robots but actually its the way they deal with manual traders too.
If you are constantly winning = they are losing they will try always to stop you closing trades unless you already have a tp or sl on there system (never the case with EA scalpers).
Once or if ever you have good ea or system never trade more than 1 lot unless you have a reputable broker or you are gauranteed to lose in the long term, you will just get so frustrated when your normal 6 out of 10 wins becomes 4 out of 10 and that is all the broker needs to change the odds in his favour. Lets face it Alpari have good spreads but only to attract us people. Do you really ever hear of someone trading large lots and making mega money with an EA? Simple reason why people sell them at $50 a time to 2000 people because if they were as good as they say you would be a millionaire in 2 years!!
BE CAREFULL these robots do work but when its serious money (lots)do you really think they will let you take it away from them..
The only way I see it working is to have multiple instances with small lots but even then they might get wise..
Hi Nigel & Jewells:
you are welcome. If you use FXDD then you only change the lot size to about 0.5 but if you are using a broker eg: IBFX then you need to change the time to match the Fxdd server time which is:
From Hour Trade= 21:00 To Hour Trade= 07:00 this is how I put it.
So far it has done well, up by $325 in two days and so far no losses, keep your fingers crossed.
MD did a trade yesterday for $21 profit.
Is anyone willing on opening up their new blog on humanoid? I have tons of questions and I was wondering if anyone could help but don’t want to post anything that is not concerning MD so they won’t get in trouble. or can I have an email address to ask anything about humanoid? I appreciate it thanks Jewels (newbie)
Hi John W,
Okay, MD will ignore the number you put in LotSize, if you set a number in RiskLevel. Further confusion comes from the fact that the same number in LotSize can mean two different sizes, depending on your broker. In trading with IBFX lot size .01 (one micro) results in a penny per pip. With some other brokers lot size .01 is a dime per pip. The difference may be in whether or not your broker is running on 4 digits or 5. Let us assume the maximum loss on an MD trade is 59 pips (true, unless disaster strikes). Then on IBFX a lot size .01 could result in a 59 cent loss, or more likely a 10 cent gain. Lot size .1 could have a $5.90 loss. Lot size 1 (one mini) could loose $59. 10 minis could loose $590. So with a 5K account, one would normally risk only 5% on a trade; and therefore would set lot size to about 4 minis (4.0). This could result in a loss of about 4 X 59 or about $250. More likely would be a win of about $40.
So you could set your RiskLevel to about .3 and wait and see what MD does with this setting. If it is too low, you can set it higher next time.
Hi Nigel,
You are absolutely right: FEAR and GREED! That is why we are here
Hi Lateef,
I downloaded IvyBot last night. I will try to set it up tonight.
I also reset Maestro to run from 21:00 to 23:00 GMT and scalp 10 pips, Megadroid style. So far 6 wins, no losses. We shall see…
How to tell when your lot size is too large:
When your palms are sweating, and your heart is pounding, your lot size is too large. (Just ask Nigel).
Reduce your lot size until you can sleep at night!
IvyBot settings for EUR/USD:
DSCAN .003
HSCAN .0007
Long_Cut 4
Pound_Level 10
TP 110
DDS_Delay64800
Pin_Under 10
IvyBot settings for USD/CHF:
DSCAN .006
HSCAN .001
Long_Cut 7
Pound_Level 15
Pin_Under 14
TP 6
Hi Lateef,
Thanks for the info I tried getting in touch with the humanoid support email and no answer to my questions. I was wondering if you don’t mind emailing me exactly what the inputs mean on the page and when I do make a change on the inputs page what exactly do I press so it could take in effect. and what the blue, green, red dashes mean and the arrows. they didn’t explain that in the handbook. This is all new to me and yes I have an FXDD account.
I don’t mean to hurt feelings out there for talking about some other robot other than MD but I cannot get help any where else I tried everything and you guys are the only ones helping thanks
my email address is jewels166_2@msn.com any one who knows info on the humanoid how to run it. I appreciate if you email me the facts thanks Jewels newbie
Hi all
Phil you’re absolutely right IMHO. I noticed that after a lot of wins I started to lose a lot. To be honest I don’t even set a stop loss if I’m sure that the trade is a fairly certain winner (in the long run of course) I’ve sat looking at a couple of trades now with minus $200 staring back at me. If I had a stop loss I would have been wiped out! Eventually however the swing “swung” and I made a credit. As I say, the big problem is letting the trades (where you’re significantly up) run as far as possible. This is VITAL because big wins have to cover (hopefully smaller)losses I am going to start to use a trailing stop – say 10 to 13 pips.
I’m obviously talking about manual swing trading here. I’m using some tools (signal software) which is pretty good on the whole. Not always totally accurate but eventually the indicator IS correct. Frays ones nerves to the limit though!
Jerrycollie, I’m using a lot size $5.00 a pip. Bit high I know, but I upped my balance to $10000 – mainly to get the free 10% credit that Alpari are offering at the moment. I’ve got $800 from them, quite nice! I agree that $5.00 a pip is a bit high – I’m reducing to $3.00 and only risking 2% of my account. Palms won’t sweat so much!
I’ve put the MD pro & Humanoid on demo. Humanoid made 1 trade last night for a loss of $2000 on GBPUSD. Something is definately wrong ith the settings! Or maybe it shouldn’t trade on GBPUSD. What pairs do you trade it on Latief? Please do let us know how you get on with Ivybot, Jerrycollie.
Rgds to all and happy trading.
Nigel
Hi guys,
Friday in UK and Megadroid slept all week again.
With this ‘one week on – two weeks off’ I am starting to think it works for British Airways. lol. (You’ll understand if you are from UK
)
Anyway, I feel really sorry for you fellas in the US!
Why?
Because I just read the new NFA rules on forex which come in next week. OMG. Are they kidding? This is gonna really disable a lot of traders.
Sounds like a lot of you will need to open up new broker accounts.
I’m no tout and but am an ex-banker and will only ever use fully regulated quality financial providers.
I can recommend 2.
Alpari UK – which I use and have never had a problem.
They are a meta4 broker. And except EA’s.
and FXCM – which is a non-meta4 account (non EA). You need to go to forexmicrolots (dot com) to get a low spread micro account with them.
If you do take up my recommendations I would be grateful if you let them know it was me.
I am Calvin Williams.
That’s it. All touting over. Just trying to give some of you poor US guys a heads-up.
Have a good weekend.
Hi Jewels and Nigel:
I run the Humanoid Ea on EURUSD and believe this will only work on this pair. I run on a 3% Risk on 0.5 lots. The other thing I do is I close a position (manually)around $200+ and I do not let the losses run more than $125, I watch the trend and take a decision. Once I let it run and I had a whopping loss of $277.
But so far I am ahead. Also I changed my Max Trades to 1, default is 2. Looks like Humanoid support is non-existant.
Have a good weekend
I have a question (not sure if it is related with the topic. I’ve bought the MD and I wanted it for the following purpose:
Get U$S125 daily, from a $12500 account, trading manually using the “Upward/Downward impulse detected” and the “Fading” signals.
My question is:
Is this a probable scenario? In fact, I want to make $125 each time the impulse is detected, so after ~20 impulses (in a month) I get U$S2.4k, which in my country (Argentina) is enough to have a decent life.
And then, Which lot size/pips is adequated? (I mean, getting only 1pip with 12.5 lot or 12.5 pips with 1.0 lot?)
Thanks a lot!
Hi all
Well forget about “signal trading software”. I think it only works in ranging markets. I lost $1000 in 3 trades yesterday. The indicator said sell GBPUSD at 16550 and it jumped in half an hour or so to 16730. There go all my dreams!!
It’s robotic trading or nothing for me now.
Latief, thanks for the info on set up for Humanoid. I’m taking it off GBPUSD in a hurry. By the way is 3% risk a setting of “30″?
MD Pro also hasn’t yet traded. I’ve got it on all 4 pairs. Trying different periods now.
Rgds to all (from a rather disheartened Nigel)
Hi Calvin, you mentioned about FXCM. I know there’s two branches, which are one in UK and one in AU. I have checked their website. It seems that they do trade in MT4. Are you saying that you are only recommending their non-meta4 service?
I’m still an FXDD customer. Waiting to see how the FXDD handle this NFA issue. It seems like FXDD may not bound by the NFA rules due to their ‘pending’ membership.
Have a nice day guys. MD rocks!
There is a reason why we trade the EUR/USD, low spread!
Trading the EUR/USD live on IBFX week of 7/27 thru 7/31:
Megadroid: 7 robots set to go long, no trades
Maestro: 4 robots set to scalp and go long:
7/27 06:30 to 07:07 GMT won 10 pips
7/27 06:30 to 07:07 won 10 pips
7/27 06:39 to 07:06 won 10 pips
7/27 06:42 to 06:51 won 10 pips
7/27 07:15 to 07:45 won 10 pips
7/28 21:00 to 00:50 won 13 pips
(Maestro is an aggressive, but dangerous robot).
Humanoid: 4 robots on 5 min, 15, 30 & 1 hour, default settings
7/30 On the 1 hour 23:15 to 06:35 won 48 pips in a breakout trade
Ivybot: 4 robots, default settings, no trades
Hi Diego,
I wish I could be more positive; but in my experience I would say you will eventually loose all of your money with your signals trading. See Nigel’s comment just above mine. You need to test all strategies and robots for a long time at a very low lot size before you risk any large amount of money. Only trade the money you can afford to loose. We are retail traders. The system is set up to favor the banks and brokers who take the opposite side of our trades. You have to be smarter than they are to make money in this game. Be very cautious! Only take the very best looking trades. Trade the EUR/USD because it has the lowest spread. Use robots, they are smarter than we are.
Can anyone tell me what effect this new ruling is going to have on MD? I’ve heard they are coming out with a new version to work within the rules, but I have not seen anything yet. I’m very new at this and would like to understand what’s happening. Thanks.
Hi Chris,
The FIFO ruling depends on your broker. If your account is not in the USA, you have no problem. IBFX is in the US; but they have worked around the FIFO ruling with some back office re-accounting; so IBFX is not affected and MT4 will still work, except no hedging. Robots will work on IBFX. Some other US brokers have transfered accounts to their overseas offices. Check with your broker to be sure. You may have to switch brokers.
The FIFO rule essencially replaces our separate order accounting with positional accounting, in which all orders are consolidated into one position for each forex pair. This eliminates conditional buys, sells and stops for each separate order. In other words Metatrader 4 looses most of its functionality. Most robots will not function properly under FIFO.
Hi Lateef,
Thanks for the heads up on the humanoid, when you say 0.5 lots on your account what do you mean?
thanks for sharing Jewels