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Saturday, July 18, 2009

The Real Forex Megadroid Review

By Aaron Roberts

My Megadroid Review

This Megadroid review looks pretty closely at the new software that says it's looking into the immediate future with over a 95% accuracy rate so far. Sure, artificial intelligence is one thing but actually predicting the future is quiet another. So then how does the megadroid measure up in reality? Can it really foretell the movements of the markets?

How Does It Work

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 criticisms about automated software like this is the rigidity of the rules the software must adhere to. This means it that it couldn't typically anticipate the changes in the currency markets and adapt like a human would.

However, the new market adapting intelligence, as you might guess from the name, allows a new generation of forex robots to learn from these changing patterns so that they can adapt to a certain amount of inconsistency in the markets and refine their trading rules to fit. This gives your funds a much better chance of surviving when things become more than usually volatile.

Of course we are not talking about long term predictions. Forex Megadroid's reverse correlated time and price analysis (RCTPA) aims to predict market movements in the next 2 to 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.

Some users have reported an amazing 10% to 20% increase on their life accounts over a 30 day period which is indeed a very amazing track record.

Any Disadvantages?

Some traders have reported that Forex Megadroid didn't make as many trades as they wanted at first. People were seeing only three or four trades per week. This meant that unless you wanted to risk larger amounts of money you wouldn't have had a chance to make money quicker, which is of course what most people want to do.

However, a slow and steady approach is much more likely to lead to long term growth. If this software teaches beginners to look to the long term instead of trying to make a fortune overnight, it will be doing us all a service. So have patience while your bot is sitting there waiting to trade.

Anyhow, the most recent version seems to have addressed that particular issue with 10 or more trades per week being reported. - 23199

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