Discussion of Forex Trading and Currency Trading

Forex Megadroid a Scam?

I have purchased Forex Megadroid on 2 June 2009 and trade live since with default setting except the risklevel which I set at 0.4. Till now, the robot did only 3 trades. But when I back test it, the robot did 9 trades, why is the robot not performing just like said in their web? Why did the robot missed out so many trades? I'm starting to think that it's a scam already. Disappointed.

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5 Responses to “Forex Megadroid a Scam?”

  1. It could be the broker that you are using if they have a high spread then it the forex megadroid could be missing the trades.

    I would suggest that you look at this site they test all the forex robots on live accounts and also have a section where they display all the settings they are using. So you could compare their settings to yours to see if there is a difference. If you join the site (it is free) you can also see what trades each robot is doing so be able to compare the performance of your robot against the one on test.

    http://www.forex-robots.com/

    Also this site explains how to understand forex robots work and what you need to do to get the best from them

    http://www.currency-exchange-reviews.com/automatic-forex-trading.html

  2. try this very useful page
    http://www.shopblogger.info/forex.html

  3. i dont know, never used, maybe you dont know how to use it

    forex trading system
    http://forex—-trading.info

  4. You should increase risk or, you can increase leverage…… this will give the bot more area to move.

  5. Forex investing is a marathon not a sprint. Backtesting is no indication of future performance and that the robot made 9 backtest trades and has made only 3 trades so far is a meaningless comparison.

    Not saying forex megadroid isn't a scam (I don't know either way) but making a conclusion based on three trades seems a little hasty to me…

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