Mark Jorgenson asked:


On track to be the best Forex Robot of 2009, Forex MegaDroid has been receiving a lot of attention and for good reason! We began testing this robot shortly after its release and were very impressed. As independent testers of most all forex robots that hit the market, we begin trading every robot in a demo account with no intention at all of ever trading them in our live account. We were so impressed with Forex MegaDroid that we added it to our live account in June, 2009 where it has performed almost flawlessly! The following is our review of this new expert advisor.  

Forex MegaDroid is one of the most accurate robots on the market today, maybe ever! Their website boasts of an accuracy of 96% at the time of this writing and from what we can tell so far they are not exaggerating! We experienced accuracy levels very close to this during demo testing but it’s too early to tell if this level will continue under real trading conditions. We are however experiencing very high levels of profitable trades under live conditions and have no reason to believe that this robot will disappoint us or anyone else.  

Forex MegaDroid is the creation of John Grace and Albert Perrie, who have been forex trading for 18 years and 20 years respectively. Their experience in the market is demonstrated in the programming of this robot. Forex MegaDroid features RCTPA Technology, which stands for Reverse Correlated Time and Price Analysis. What exactly is RCTPA? I wish we could be more help here as the technology is considered “the secret” behind this robot and will not be fully divulged by its programmers. Simply put, RCTPA is the technology that allows Forex MegaDroid to place trades by “looking into the future” rather than placing trades based on past price action and hoping for the best. What ever it is it does seem to work quite well.  

In stark contrast to its sophisticated programming is the user interface. A robot of this magnitude generally has a quite difficult user interface…Not so with Forex MegaDroid. The manufacturers promise less than a five minute setup and the settings are simple to handle. The average computer user could probably go from purchase to trading in less than five minutes – it’s that simple! The trader simply decides if they want to trade on aggressive mode and the other settings remain at the default.  

The feature we like the most when trading with MegaDroid is its Stealth feature. This robot trades completely undetected by forex brokers. It’s completely hidden and can’t be identified so there is no way a deceitful broker could trade against it or take advantage of its users by recognizing its trading parameters. With many brokers this isn’t a problem but it’s nice to know this feature exists in Forex MegaDroid.  

In conclusion we believe Forex MegaDroid could become the Forex robot of the year. Its profitability, ease of use, and consistency is something not seen in a forex robot very often. At the time of this writing the price for Forex MegaDroid is only $97 making one of the most affordable robots on the market. You’ve probably figured out that we’re big fans of this product and would recommend it to any forex trader regardless of their level of experience.

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Lisa C. Wilsons asked:


Released on 31 March 2009, the Forex MegaDroid is the brainchild of Forex trading experts Albert Perrie and John Grace. Together, they have designed this software that employs the various strategies and techniques they have used to accumulate wealth which span their 40 years of experience in the industry.

How the MegaDroid works
Using a technology called Reverse Correlated Time and Price Analysis (RCTPA), MegaDroid is able to make trades in the current time based on past market trends. This is made possible through the artificial intelligence technology that is built into the robot, and as there are patterns that recur in foreign exchange trading, the MegaDroid is therefore able to make trades successfully by observing these patterns.

The product is the first robot to be programmed with Artificial Intelligence (AI). By observing past trends, it learns from experience and will not make trades in a currency that has been performing poorly. Instead, it will study the trends and employ the knowledge in future trading.

Unlike earlier Forex robots, the MegaDroid functions much like a Forex trader’s assistant. It is able to study past trends and adapt to changing market conditions, by sifting through market information and providing reliable trading advice. Creators Perrie and Grace are confident their robot will set itself apart from other competitors in the industry.

How the MegaDroid performed
During its eight years of testing, the robot impressively shone through with a 95% to 96% win on trades and trebled the performance on one of the many accounts it was tested on. It has successfully traded with a high level of accuracy and consistency, and it also limited losses by not buying into trades with poor performances.

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Stephen J. Lewis asked:


Forex Megadroid is a trading robot created by Albert Perrie and John Grace, 40-year veterans of the Forex market. This EA, the first to utilize the innovative “Reverse Correlated Time and Price Analysis” (RCTPA) system, incorporates their combined knowledge tempered with decades of firsthand trading experience. This is a robot that does more than buy and sell: it understands how the market works, and it parlays that understanding into profit.

As with any software purchase, you should make sure you buy from a reputable vendor. There are three things that you should look for in a vendor, and here is how Forex Megadroid stacks up in each category:

- Customizability. There is a learning curve involved with using any EA; you need to be able to customize your robot to trade using your preferred strategy. With Megadroid, however, most of its flexibility is under the hood: the software is intelligent enough to make its own tweaks as market conditions change, taking most of the guesswork out of your hands.

- Service. Voicemail or a prerecorded sales pitch does not constitute customer service. Before you give your money to anyone, you should make sure you’re able to talk to a live representative on the vendor’s end in case you have any questions or issues. If you buy directly from the creators of Forex Megadroid, they have decent customer service. They respond to emails within 2 business days; this might seem slow to some, but this means you an expect a personalized, relevant response and not a generic copy-and-paste reply. There are also affiliate sites you can purchase the software from that offer 24/7 Skype support with your purchase.

- Money-Back Guarantee. If the vendor’s site doesn’t specifically mention that you are entitled to a refund of the entire purchase price if you are not satisfied with the product, then you’re looking at a scam. Forex Megadroid guarantees a full refund within 60 days.

Forex Megadroid excels on all fronts. It’s only been on the market for a few months, but this is an EA that shows great promise. If you’re interested, please read below to learn more about this robot and how to use it most effectively.

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Alan Bentler asked:


“Is the Forex Megadroid software a scam?”
“Does Forex Megadroid really work?”
“Has anyone made money with it?”

If you’re looking for a profitable automated Forex trading system and are considering the Forex Megadroid robot then these are probably some of the questions which are now on your mind. Before you spend your hard earned dollars on this software, you want to know if it’s really worth the money. And I don’t blame you – retail online Forex trading, lucrative as it may have been to many small traders, has seen it’s share of scam-mers and fraudsters so one can never be too careful when analyzing a Forex trading system, especially a new one like Forex Megadroid.

To be honest, the Megadroid software left me really skeptical at first. Its back test results graph simply looked too good to be true, on top of that the test included data from the last 10 years (since 1999), all the while showing the same consistent profitability, month after month…

So I asked myslef the same question…is Forex Megadroid a scam?

I decied to start from the beginning: who developed the Forex Megadroid software? What type of analysis system does it use?

The developers of the Forex Megadroid system, Albert Perrie and John Grace describe themselves as professional traders with almost 40 years of combined experience and also as the inventors of RCTPA, the latest Forex trading analysis methodology which relies heavily on AI – Artificial Intelligence. RCTPA is an acronym for “Reverse Correlated Time and Price Analysis”.

About the Forex Megadroid Software

As I pointed earlier, looking at the Forex Megadroid results I was really skeptical in the beginning…

However, my own backtest analysis yielded more or less the same results (minor differences, as I used historical data provided by a different broker and there are always some minor differences in the brokers quotes)… This made me curious…

Upon analyzing the results of historical trading I began to realize that the Forex Megadroid system manages to always (well, almost always – no system is perfect!) trade in the direction of the short term trend!

How was that possible? Just as the developers explain in the manual and in one of their video interviews, utilizing the power of the new AI technology based on the RCTPA method, the robot was able to “predict” short-term price moves with an such high accuracy and execute those orders with very high probability of success!

Obviously, it is a lot more likely for a trader to close their trades profitably than if trading manually. However, the software must be used correctly and that’s where many people can go wrong and end up thinking that the product is a scam!

Here’s a few simple tips which will help you get the most out your purchase should you decide to give Forex Megadroid a try.

No Forex trading software is perfect and Forex Megadroid is no exception. It can not and will not win all the time. Look on the bright side – no human trader is perfect either! What Forex Megardoid can do, however, is provide you with a consistent and adaptable AI-based strategy and this should increase your chances of success significantly. Smart as it may be, Forex Megadroid will not be able to account for global economic events so it is best not to use the robot during heavy-impact economic announcements, such as for example the Non-Farm Payroll report, Consumer Price Index, Consumer Confidence index and other major news announcements. This of course can not be a reason to declare that “Forex Megadroid is a Scam” (although some people, I am sure, will do just that). As was mentioned earlier the system can analyze and correctly determine short term trends in the market. This however does not relieve the trader from certain responsibilities, and most importantly, simply using common sense. For example: Do not trade against the daily trend and, as pointed above – during high-impact economic announcements. A quick glance at the charts will show you whether it is ok to let the robot trade or it’s better to wait out an unfavorable situation.

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Daniel C. Paul asked:


The Forex Megadroid has been causing a sensation since it first appeared on the market on March 31st 2009. It allows the user to trade within the Foreign Exchange Market with no need for the person to intervene. This article shall look at some of the essential points about this robot.

John Grace and Perrie are the men behind the Megadroid. They have used a lifetimes worth of experience trading on the Forex market to invent their product. They then tested their product out over a period of 8 years and found that their creation produced an accuracy rate of 95.82%. Whilst other robots trade over a whole multitude of foreign exchange markets, the Megadroid concentrates on just two, the U.S Dollar and the Euro. This is the key to the robots consistency, less markets means less variables thus easier to predict.

The Megadroid will never produce rapid fire results, will not pay for that vacation within a week but it could provide a tidy sum, enough to make it worth the purchase. The Forex market is dense and complicated, enormous amounts of research is required to be able to forecast imminent market changes. The Megadroid, with it’s Artificial Intelligence is designed to make these predictions for you, allowing the user to sit back and relax as the robot does the work for you. This product should really be considered as being the ideal research assistant. No need to eat, sleep or take vacations or days off ill. The robot will work as often as you wish, though it is designed to be cautious and if left alone will only trade once every few days.

Here are some more things about the Forex Megadroid that ensure that it is user friendly.

Other robots are complicated to use and to set up, requiring customization to your preferred settings and trade strategy. However, the Megadroid can be set up and installed within minutes and the instructions are very easy to comprehend

This products customer service is definitely adequate. A dedicated team of people are available to answer any queries you may have about the Megadroid.

There is a money back guarantee of 60 days, if for whatever reason you are not satisfied with what the product is delivering.

At a once off cost of 97 dollars, it would appear that this product is well worth a purchase. Though I would advise any potential buyer to thoroughly research the product themselves to see if it is the perfect fit for them.

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