Forex Robots

We spent more than a month fully testing Forex MegaDroid Forex Robot. This is our final Forex MagaDroid review. Will it be Confirmed, Plausible, or Busted?

No trades for Forex MegaDroid today. Again. I think I’m done testing this Forex robot. I’ll write up a full review and post it soon. However, here are the stats for today:

No trades for Forex MegaDroid today. This robot better make some more trades soon, if it intends on making up that big loss it took on the last trade.

No trades for Forex MegaDroid today. This robot better make some more trades soon, if it intends on making up that big loss it took on the last trade.

Forex MegaDroid Robot Test Results: -$793.90 (-7.9%)
No trades for Forex MegaDroid today. I’m only going to test this for about another week. It would be nice to see some more trades.
Forex MegaDroid Forex Robot placed 0 trades throughout the past day:

Winning Trades: 0 (+$0.00)
Losing Trades: 0 (-$0.00)
Today’s LOSS = -$0.00

Forex MegaDroid Forex Robot is down [...]

No trades for Forex MegaDroid today. That is to be expected since Forex MegaDroid doesn’t trade on Fridays, according to it’s creators. Forex MegaDroid Forex Robot is down 7.9% overall in 32 days of trading.

Forex MegaDroid finally placed a trade. Unfortunately, it didn’t turn out well. Today was a perfect example of one of the big problems with Forex Robots.

Still no trades from Forex MegaDroid. I verified all the settings. I’m also running it on a secondary broker. Neither broker posted any trades for the past day.

Still no trades from Forex MegaDroid. I’ve decided to give Forex MegaDroid another two weeks of testing. To that end, I’ve also decided to run it on a new broker.

Forex MegaDroid Robot Test Results: +$639.90 (+6.4%)
Still no trades from Forex MegaDroid. Another one of our members wrote me an email and said his Forex MegaDroid doesn’t trade very often either. But, as is ours, it is making a profit, even if it isn’t the $363 per day the Forex MegaDroid sales page claims.
Forex MegaDroid [...]

I just checked their website again. According to their “Live” results, they have had 4 trades since June 11, 2009, while our testing has had none.

Forex MegaDroid Robot Test Results: +$639.90 (+6.4%)
Ho hum… Still no trades since June 11, 2009. I’m emailing Forex MegaDroid support tomorrow morning.
Forex MegaDroid Summary Results (22 Days):

Profit Trades: 6 (100%) Loss Trades: 0 (0%)
Total Net Profit: $639.90 (+6.4%)

Here is the latest live trading forward testing statement for Forex MegaDroid:

We will test Forex [...]

This is getting a little ridiculous. Forex MegaDroid is supposed to be this awesome robot that generates $363 per day.

Forex MegaDroid Robot Test Results: +$639.90 (+6.4%)
Forex MegaDroid creators state in the user guide that it doesn’t trade on Sundays, Fridays, or holidays. So, Day 21 live testing of the automated trading system called Forex MegaDroid was nothing new. Still no new trades.
Forex MegaDroid Summary Results (21 Days):

Profit Trades: 6 (100%) Loss [...]

Forex MegaDroid Robot Test Results: +$639.90 (+6.4%)
Day 17 live testing of the automated trading system called Forex MegaDroid was nothing new. Still no new trades.
Forex MegaDroid Summary Results (17 Days):

Profit Trades: 6 (100%) Loss Trades: 0 (0%)
Total Net Profit: $639.90 (+6.4%)

Here is the latest live trading forward testing statement for Forex MegaDroid:

We [...]

Forex MegaDroid Live Testing Results: +$639.90 (+6.4%)
No trades today. Again. The last trade Forex MegaDroid made was on June 11, 2009. I realize the creators specifically say that this automated trading system trades on quality, and not quantity, but geeze. Still sitting at $639.90 profit (a current return of +6.4%).
Don’t get me wrong. A 6.4% [...]

Forex MegaDroid Live Testing Results: +$639.90 (+6.4%)
No trades today. Still sitting at $639.90 profit (a current return of +6.4%).
So far, Forex MegaDroid placed 6 successful trades in a row with no losses, but it still doesn’t trade very often.
However, Forex MegaDroid is still profitable with a current monthly return of 6.4%. That is actually respectable [...]

Forex MegaDroid Live Testing Results: +$639.90 (+6.4%)
So far, Forex MegaDroid placed 6 succesful trades in a row with no losses, but it still doesn’t trade very often.
However, Forex MegaDroid is still profitable with a current monthly return of 6.4%. That is actually respectable considering that is an average annualized return of 153.6%. (Of course, that’s [...]

Forex MegaDroid Live Testing Results: +$523.30 (+5.2%)
Forex MegaDroid placed another successful trade. So that makes 5 trades in a row with no losses, but it still doesn’t trade very often.
However, with that trade, Forex MegaDroid is still up 5.2% for the month, which, while it isn’t near what they boast, is still very respectable. I’m [...]

Forex MegaDroid Live Testing Results: +$418.30 (+4.1%)
Still no more trades. To be fair, the creators of Forex MegaDroid specifically state that this robot doesn’t trade often. It chooses only the highest probability lowest risk trades. In this case, patience is a virtue.
So what this means is that for the month so far, Forex MegaDroid is [...]

Forex MegaDroid Live Testing: +$418.30 (+4.1%)
So after the fifth day of testing Forex MegaDroid, it is still doing better than we expected.
It made 3 more trades today, all profitable. Lets break down the trades Forex MegaDroid made:
73916075:
The lot size increased to 1.01. The reason is because Forex MegaDroid will use the programmed risk percentage (we [...]

Forex MegaDroid Live Testing: +$100 (+1%)
Forex MegaDroid has finally made a trade. And yes, it was profitable.
Forex MegaDroid only trades the EUR/USD pair. It placed a trade entering the market at 1.4301 with an initial stop loss at 1.4149 and a take profit at 1.4351.
Notice that the stop loss puts at risk 152 pips, while [...]

Forex MegaDroid Review. Well, here we are at the end of day 1 for Forex MegaDroid. Over the past 24 hours, there were no trades made by Forex MegaDroid.

Forex MegaDroid is one of the newest Forex Robots or Automated Trading Systems on the market. We are going to put it to the test.