I had a chance to play around with a preview copy and I was blown away though I only had 10 minutes to investigate before my boss came back into the room. This forex robot has taking the best of all the recent forex automatic trading software robots and added a few features that we wished were in the robots we loved so much. If FAP Turbo was the best forex software ever made, Forex Megadroid makes it look like a Prototype. I need testimonials besides my own. You can read a review at http://findanyoneinstantly.com/forex-megadroid-review.html

Let's face it...you don't really want an opinion; this is an ad for Megadroid.

I looked at the web site. These people are idiots. If you put in 10K and end up with 50K that's a 400% profit not 500%. These guys don't know enough about arithmetic to exaggerate correctly and I'm supposed to trust their computer program.

When you get all the way to the bottom, you find

"All results shown on this website are hypothetical, back-tested results"

In other words, nobody has actually used this program to make money. They just took a formula and kept rerunning historical prices through it and tweaking it until it showed a profit.

currency trading
or fap turbo

Hi,

I don't really think you can get a demo, have to buy it. I bought my copy because as a college student I was struggling to find some ways to make some spare cash, knowing I didn’t have much to invest initially.

After reading a lot of reviews of things I didn’t really believe, I stumbled upon some of the robots I thought looked more promising. I realized I would be at a huge disadvantage playing the market just by instinct rather than real calculations that others were using. The one I found that looked the most reliable was http://www.forexmegadroidsoftware.com

Reasons I chose it:

Developers had over 35 years of trading experience
Ability to adapt to any market condition
-This seemed to be the real unique feature
Claims of over 300% gains a month

After reviewing as many systems as I could find, I purchased this one. I only had a $1000 to invest, but tried it anyway. I honestly didn’t make a 300% gain, but I did increase my $1000 to ~$2300 in just under a month. I’d say that’s pretty good. Maybe larger investments could have greater gains, I don’t really know. I did have a few days with losses, but none were more than $55.

Just my honest review here, hope it helps you in your decisions.

anyone use this Forex MegaDroid already? does this really work as it's promise. it's automatic trading even if i am in singapore?
project payday doesn't works in singapore.... so i cannot join. pls provide me better info, thanks

Trust me, there is NO automated forex trading system that work to consistently beat the market in the long run, else everyone is rich.

You have to learn it and master the necessary skill to be successful in forex trading.

Anyone out there using this, what kind of server are you using, the cost etc.? Do they give you upgrades when needed? Are you having good results with it?

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

I have purchased Forex Megadroid on 2 June 2009 and trade live since with default setting except the risklevel which I set at 0.4. Till now, the robot did only 3 trades. But when I back test it, the robot did 9 trades, why is the robot not performing just like said in their web? Why did the robot missed out so many trades? I'm starting to think that it's a scam already. Disappointed.

It could be the broker that you are using if they have a high spread then it the forex megadroid could be missing the trades.

I would suggest that you look at this site they test all the forex robots on live accounts and also have a section where they display all the settings they are using. So you could compare their settings to yours to see if there is a difference. If you join the site (it is free) you can also see what trades each robot is doing so be able to compare the performance of your robot against the one on test.

http://www.forex-robots.com/

Also this site explains how to understand forex robots work and what you need to do to get the best from them

http://www.currency-exchange-reviews.com/automatic-forex-trading.html

Hi, I have purchase Forex Megadroid recently but it's not placing any trade for me. What seem to be the problem? I'm staying in Malaysia and using IBFX MetaTrader 4. What GMToffset should I set?

Post this question in the EA section of the Babypips.com website.

You'll get a much better response there.

Ive read that using this robot will "quadruple" your money, well how long does it take for it to quadruple your money
Because quadrupling your money in 10 years, and in 1 month would be a very different thing

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots like Forex Megadroid appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.