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Is FOREX MegaDroid the Real Deal?

There’s been a lot of emails flying around today about FOREX MegaDroid being the big launch day and all. But is this new FOREX robot the real deal? Good question!

So here’s what I see when I review the FOREX MegaDroid page …

I see a couple bad actors telling me about how great they are and how great their robot is. They throw in some fancy sounding terms like RCTPA and then talk about artificial intelligence.

Then they go on about all the great results they’ve had and how they can prove it trades with 95.82% accuracy. Of course they follow it up with a bunch of numbers that are supposed to wow us.

So is it real? Or just a bunch of B.S.?

Truth is it’s not possible to tell and if anyone tells you otherwise at this point in the game they are full of shit. Unlike FAP Turbo, they do not actually show us any real results. The FOREX MegaDroid page does not present you with any actual real money account results. In fact they don’t even present any forward results. ALL of the results presented on their page are hypothetical and based on back testing only.

So if their robot is so great and they have so much confidence in it then why were they not willing to put any real money on the line and actually forward test it with live real money accounts like the FAP Turbo guys did? hmmm

Have a look at the fine print at the bottom of their sales page and I think you’ll understand what I’m talking about.

Having said all that … this does not mean the robot sucks or is not real or is a bad robot. It simply means we don’t yet have any real proof to back it up which is exactly what I intend to do.

Buying and Testing FOREX MegaDroid

The only way to know for sure is to forward test MegaDroid with real money accounts. To that end I’ve begun the process and will report back as soon as I have something worth reporting.

In the meantime if you’re seeing review sites and other emails braging about how great it is just be cautious until there has been sufficient time for real review to be performed which won’t be for at least a few weeks. Anybody telling you anything different before then hasn’t really tested it themselves and is probably just regurtitating the hypothetical sales pitch data.

If you’re a trail blazer like myself and want to start testing FOREX MegaDroid yourself then I’m more than willing to give you access to the FAP Turbo Expert Guide for free as well as free access to any future guide I’ll create for FOREX MegaDroid if the robot turns out to be worthy of a guide.

All you have to do to get access to these guides is buy the MegaDroid from this link right here

Buy FOREX MegaDroid

P.S. this is not an endorsement. When my testing concludes only then will I decide if it’s worthy of endorsement.
P.S.S if you do test it I would love your feedback so don;t be shy ;)

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Comment by Jakob
2009-04-03 16:24:15

They do have a live forward test now, go to there website and you will find the results for 2009 “LIVE UPDATE”. The two first “REAL” live trades were made on the 2nd of April as launching day was the 31st of March. They actually belong to fapturbo-familiy as well, because fapturbo is promoting forexmegadroid!

So:

1. ForexMegadroid shows LIVE results after the first real trades after launching day were made.
2. ForexMegadroid is also promoted by FAPTurbo…(ask them…)
3. It works. Had three profitable trades. Go to FOREXPEACEARMY:

http://www.forexpeacearmy.com/metatrader_expert_adviser/forex_mega_droid/demo

4. Trading style is the same: Mainly during Asian ssesion

Result: Your comment about ForexMegadroid STINKS.

Best Regards,

Jakob

 
Comment by Rob Casey
2009-04-03 18:22:39

Jakob,

LOL. I’m sorry that you think my review of FOREX MegaDroid STINKS, but you’re being a bit naive about this. I don’t say this in a mean way because most people are going to make the same mistakes you’ve made in your comments so I want to point them out here.

BTW, just so everyone is clear, I’m not claiming the robot stinks, just that there was no real proof yet and there still is no REAL proof.

Your claim that they now have LIVE results is wrong and is the kind of semantic error they are hoping most people will make.

You are referring to the section on their sales page about 1/3 of the way down their page that contains the little scrolling window and the graphs of their results. The top of the 2009 chart says “2009 Live Update: 57% Net Increase In Profit In Only 8 Days!”

As much as they’d like you to believe it, the LIVE UPDATE part is NOT referring to the account being a live account with real money. It is a semantic game they play and the truth is the only thing that is live on those charts is the fact that the chart is coming through a html separate frame from another page.

How can I prove it’s not a real live account? look at the top of the chart where it says “Every tick (the most precise method based ….)”

That bit at the top of the chart is the information provided by the back testing simulator in meta trader 4. That information is only relevant for back testing. Those charts are back tested simulated results JUST LIKE IT SAYS IT IS IN THE FINE PRINT AT THE BOTTOM OF THEIR WEBSITE! Which of course they don’t want you to read.

Now, the link you provided to your results in your comment shows exactly what I’m talking about. Your results I believe are real because your chart does NOT contain that tell tale back testing information at the top.

So far your results are good. But unfortunately 3 trades does not prove anything yet. In time it may very well prove out to be a great robot. I myself am hopeful and am testing it as well. But if you think 3 winning trades some how proves that a robot can do what it claims then I have a bridge to sell you. My friend, you need a lot more than 3 trades to prove anything.

I’m not trying to slag the robot. I’m simply very well aware of the industry, both FOREX and Marketing, and I know the games played to help people make seemingly accurate conclusions when in fact they’re not.

Most new people will have to be around a while before they figure this all out and will have been burned a few times in the process.

Last issue I want to address is your idea that MegaDroid is somehow part of the “FAP Turbo family”.

Sorry, but just because FAP Turbo mailed out about them does NOT create a family relationship. There is no connection between them other than a simple Joint Venture which is a common practice in all industries of online marketing.

FAP Turbo has a mailing list of maybe 40,000 people. They can make $50 for every person that buys megadroid from their email. That’s all the relationship that exists my friend. In fact I can guarantee that when a new big robot hits the market FAP Turbo will mail out on it, as well MegaDroid will mail out on it, and so will every other forex robot vendor. That’s what their mailing lists are for!

Vendors working together promoting each others launches is far more profitable than each one competing with each other. So please don’t assume there is more of a family relationship other than the fact that there’s a hefty commission in it for FAP Turbo.

OH, and by the way … those emails you get are the exact same emails all the other vendors sent out to their lists because the emails you got from FAP Turbo and everyone other big robot vendor was created by MegaDroid and given to their Joint Venture partners to send out. They’re pre-canned and pre-timed emails.

It’s called a coordinated launch.

In conclusion, I truly hope the FOREX MegaDroid robot turns out to be as good as it claims. My only point at this date is that there still is no real proof. I’m all for buying it and testing it. Just be sure to take the sales page with a grain of salt.

If you think my assessment of the situation stinks then you are more than welcome to your opinion.

I will be posting my own testing results for FOREX MegaDroid here on this website as they become available. But I WILL NOT be pushing some robot as the next best thing until it has proven itself out with real trading.

If people don’t want to wait for my tests or other peoples tests that are real money based then they shouldn;t be concerned about buying FOREX MegaDroid and testing it themselves because there is a 60 money back guarantee so anyone can draw their own conclusions from it within the 60 days.

Rob

 
Comment by Jakob
2009-04-03 19:13:39

Hi Rob,

Wow, what an answer… I really appreciate that. And you are completely right.

You are completely right, the live update is not a live account. However these trades were made on live accounts as well. Maybe they are going to put up live acccounts like on the fapturbo site. I red somwhere in an email that they all work together. They call itself the Forex Guru club:

“All the best,

Steve
The forex Guru Club

************************************************
The Forex Guru Club offers advice, free information,
gifts and updates. It consists of

Andreas Kirchberger (forex killer)
Marcus B. Leary (forexautopilot.com)
and Steve, Mike and Uli from (fapturbo.com)

that joined forces to provide you as a newsletter member
the best information and free updates to their programs.”
************************************************

I backtested Forex Megadroid on fxpro and the results are really good (of course not the doubling shit and son on), 80% was the gain for three months (at least no losses).

From my part I have to say that I used fapturbo on fxpro and it was a disaster. I paid attention to the settings very carefully traded eurgbp and usdchf only and I lost. I got the refund. But I am really thinking about to purchase it again and use your expert guide and yes, not fxpro anymore. Hopefully you gonna recommend me good broker for using fapturbo. Ok?

Thank you and I say: YOU are completely right. I have to admit that. No discussion.

Take care

Best regards,

Jakob

Comment by Rob Casey
2009-04-03 19:30:24

Hey Jakob, no problem and I certainly appreciate your feedback as well.

I’m sure that once they have forward tested live results they’ll post them … unless of course they don’t turn out.

rob

P.S. yes I can certainly recommend brokers in my guide. I’m constantly testing a number of brokers as an ongoing process.

 
 
Comment by Jakob
2009-04-03 19:14:55

I forgot:

I gonna test Forex Megadroid on my live (!) account and I will provide you with my results. Ok?

Best regards from Switzerlnd

Jakob

Comment by Rob Casey
2009-04-03 19:39:11

I would very much appreciate if you share your results with my. I’ll be sharing my results here as well and the more the merrier.

cheers,
rob

 
Comment by Rob Casey
2009-04-03 19:59:33

Hi Jakob,

You’re from Switzerland? Very nice place. I used to work there back in 1994. I was living in Geneva and working at CERN. We were doing early prototyping for some ideas that we were thinking might become part of the Atlas detector of the new Large Hadron Collider.

Rob

 
 
Comment by Jakob
2009-04-03 19:48:43

uups I meant eurchf and not usdchf

 
Comment by Keith Jones
2009-04-07 02:07:36

I am running this new robot on my live account of $1,000 it made two trades today for the first time. The first one was +$6…but the second was -$70. But at around the same time Fapturbo made a -$50 trade on the eur/chf, so I am not sure if the robot is bad or good at the moment…I am hoping the only problem is that this week is near Easter, so I have turned off both my robots, and will turn them back on two or three days after Easter. Up until tonight though Fapturbo had made me $80, so I am still up $30 with Fapturbo! I’m looking forward to the future, and thanks Rob for all the Info it has helped a lot!

Happy Trading,
Keith

Comment by Rob Casey
2009-04-07 18:42:42

I didn’t actually have any trades the other day because I had the software turned off (upgrading to new computer) so I’m not sure if the losing trade for FAP Turbo was common or not.

Sometimes on the same day one person will have a win while another will have a lose. There are many reasons for the difference in results from person to person on any given day, but over the long run, if you have things set up correctly, then the results are even out pretty well.

And then of course there are days when the market is behaving wonderfully and everyone is winning.

I’ve got an audio discussion on this coming out shortly that I think will be helpful.

cheers,
Robb

 
 
Comment by Jakob Senn
2009-04-07 12:35:02

Hi Keith

I had 2 profitable trades this night with ForexMegadroid. Each with 5 pips profit. Let me tell you a “secret” regarding trading hours. It seems like it starts at 21 pm GMT to 23 pm GMT, so 2 hours. Thats what I noticed in my backtest as well, it trades in this 2 hour timefrime. As long as it works…I am happy. I think there is some fatpurbo stuff in ForexMegadroid. They admit all together that they work together, not only as it comes to marketing and so on

Happy trading
Jakob

Comment by Rob Casey
2009-04-07 18:47:00

Hi Keith,

That’s interesting given that they claim it trades throughout the day. If it works great. I’m looking forward to seeing what it will do over a two month period. Then we’ll really have the low down on it.

I’m going to put some results from my tests up in about 2 weeks. I think that will be enough time for me to give a first impression.

Thanks for the feedback

cheers,
Rob

 
 
Comment by Jakob Senn
2009-04-07 12:39:39

and yeah thanks to Rob for his great Expert guide. Rob is the most honest and intelligent guy out there for fapturbo issues :-)

Comment by Rob Casey
2009-04-07 18:42:58

thanks Jakob :)

 
 
Comment by Keith Jones
2009-04-07 19:01:55

Jakob,
Thanks for the advice il keep that in mind!…so after those two hours do you turn the robot off, or just let it run all the time?

 
Comment by Jakob Senn
2009-04-08 07:14:31

Hi Keith

Yes I turn the computer off in the morning (I let it run during night while I slepp…and I am earning money ;-)). Like this night again it trades only between 21 pm GMT and 23 pm GMT.

My results for 7th/8th April 09

4917959 2009.04.08 01:32 sell 0.10 eurusd 1.32788 1.33140 1.32188 2009.04.08 03:01 1.32636 0.00 0.00 0.00 PROFIT: 17.37
4918148 2009.04.08 01:35 sell 0.10 eurusd 1.32792 1.33974 1.32292 2009.04.08 01:53 1.32687 0.00 0.00 0.00 PROFIT 12.00
4918385 2009.04.08 01:59 sell 0.10 eurusd 1.32797 1.33974 1.32297 2009.04.08 02:17 1.32693 0.00 0.00 0.00 PROFIT 11.88

 
Comment by Keith Jones
2009-04-08 15:17:57

Jakob,

Looking good man!…wht is your lotsize? Did you keep all the settings on defalt, or did you make any changes?

Happy Trading,
Keith

Comment by Jakob Senn
2009-04-09 06:19:37

Hi Keith

How are you doing? My settings are:

Risk Level: 0.07
Base deposit: change that to your money you have in your account accordingly (from the beginning)
StepRatio: 0.3

939730 2009.04.09 01:23 buy 0.10 eurusd 1.32547 1.31462 1.33047 2009.04.09 01:34 1.32653 0.00 0.00 0.00 PROFIT 12.16
4940000 2009.04.09 01:58 buy 0.10 eurusd 1.32501 1.31462 1.33001 2009.04.09 03:00 1.32533 0.00 0.00 0.00 PROFIT 3.68

This is from my live account with fxpro. However I will change it to alpari uk and use there Megdroid and Fapturbo. With the right settings it works. HOWEVER, alpari uk has not decreased spreads yet as announced!!!!

C u and take care

Jakob

 
 

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