Forex Megadroid is one of the most popular online currency trading robots and claims huge gains which are the results of artificial intelligence and its unique RCPTA method of trading – so are the results to good to be true or are they the results you can expect when you trade this popular online software package? Let's find out and look at Forex Megadriod results in more detail.

The one thing that struck me about the site was the video of the developers of Forex Megadroid – Now I was a trader for 25 years and to me the interview looks like it's acted, it might not be but take a look for yourself, it doesn't look natural to me!

The Developers

Albert Perrie and John Grace, are the developers and they claim gains for their trading system which most of the world's top Hedge Fund managers couldn't match. The developers despite its huge profit claims are selling the robot for under $200.00! Just think how much the world's major investment houses could save by sacking their dealing teams and replacing them with Forex Megadroid.

I did look around online, to see where these guys worked and some history on them but found nothing, to reveal their background in terms of, where they worked and what they have achieved in currency trading – so now let's move onto the results.

Forex Megadroid Results

The claims made are truly astounding for this currency trading robot, in terms of growth rate to draw down but when you look at the disclaimer on the site you see this in terms of the results:

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

So we have a warning, that the results are simulated over back data knowing all the closing prices!

How hard is that? Not very hard really, even a child could make their trading signals profitable if they had this key data.

If the currency trading system, was as profitable as they claim, you would think they would get an independent rating agency or accountant to audit the figures. This would vastly increase sales of the trading system and if the figures matched the simulation, I would buy it and so would a huge number of people – why work when you can get an automated Forex trading software package to make you an income with no effort and all for the cost of a night out at the bar.

A quick look around Forex forums online sees a vast amount of currency traders who are puzzled, they have not achieved the results claimed by the marketing copy and you have probably guessed why

Forex Megadroid Final Words

There will be plenty of new and greedy traders who will buy this currency trading robot but any serious trader would have their doubts, once they see the simulated performance disclaimer on the site. The system makes unrealistic claims in terms of the performance you can expect from a currency trading robot and I haven't heard of any dealing teams on multi-million pound salaries being sacked in favour of this robot or any of the other cheap robots for sale online - the reason why, is probably obvious having read this article.