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Expert Advisors are all the rage at the moment. Sexy sounding names, cheap but hard hitting marketing, claims of untold wealth and all for…..and this is the best bit…..doing nothing. With these self named “robots” you have to do nothing…it will trade automatically and you sit back and watch the money roll in.
I wanted to find out if Forex Megadroid works and does what it says on the tin or is it just a scam? I decided there were several things I wanted to find out?
1) Have traders had “No Losing Trade Since 20th March 2009″?
2) Have traders experienced gains of <strong>”340.33% To 1,193.40%” since product launch?
3) Has it maintained it’s claimed 95% strike rate.
I have been trying to complete a full test of megadroid over the last few months but having had issues with the version of Megadroid I was testing I have decided that my bad experience with running the the EA should not be the basis for a truly independent review. Nothing in life is perfect and nor would I expect it to be so one bad review does not make a bad product. Just like one good review does not make a great product either.
In this day an age it is common to see television advertisements that are promoting a product aimed at target sales of several million units yet their “strict, controlled surveys” that state “89% of users agree” with their self claims are made up of 100 or 200 people. This often means their product is endorsed by less than 0.01% of their target audience.
For such a product as a trading EA that claims to make more than the best fund managers in the world would make in 5 years let alone 1 year it dawned on me that key to making an educated decision on whether Megadroid does what it says on the tin is numbers. Number of reviews. Good or bad.
So in light of that I have been on the hunt for various reviews and test results. Naturally I wanted to also try and produce some evidence in favour of the forex megadroid ea. Nothing would give me greater pleasure than to say..”this is fantastic…buy it..trade it…enjoy the wealth you will create with it”. The only issue with finding positive reviews is that most are from people selling it. This obviously brings into question the credibility of the review. Usually such reviews are obvious to spot, most of them have specific “megadroidreview” suffix to their weblinks. But they all usually have a clickbank affiliate link for you to buy the product.
There are also a few megadroid testers who like to post about how great the system is and post on a vast number of forums. They are all championing the Megadroid cause and are very defensive of those call the product or the system creators into question. In normal circumstances I would ignore such reviews but given the lack of other positive reviews out there I have to take their opinion in to consideration albeit with a pinch of salt.
There are plenty of positive reviews for megadroid. Just do a google search and you will see quantities of paid for advertisements down the right hand side. Alternatively, you could do a search for “bravehoststamps” and “pipsbuster” who is one of the MegaDroid testers who has posted on multiple forums about how good the systems is. Although, there are occasions in his/her’s post that admit to some short comings with the system. I only used him/her as an example, I am sure there are plenty more of them out there if you just search hard enough.
Given this I can say that there are some people out there who can ‘claim’ to have had no losing trades since the product launch. However, I have not met anyone who is willing to post real broker statements (not MT4 demos) to show they have made 300-1000%.
As for the other reviews and tests? Well, there are several sites out there that have something other than pure positive things to say about the expert advisor.
Trading Gurus highlight some issues with the Megadroid EA on it’s site. Problems with the
Tags: 20th March, All The Rage, autograft, Bad Experience, Best Bit, burkholderia cepacia, Ea, Expert Advisors, Forex, Fund Managers, Google, Independent, Independent Review, Lt, Marketing, Megadroid, Money Roll, Promoting A Product, review., Robots, Surveys, Target Audience, Target Sales, Television Advertisements, Tin, Untold Wealth
