I am trading Forex Megadroid as well as Forex Meta live on real account and am updating the results on a daily basis on my blog at http://fapturboincome.blogspot.com/ and yes I am a reseller of both the Robots and I am not ashamed of it or hiding it. After all I am risking my own real money and making it safe for potential buyers. I’d wish that I am rewarded for it. Fair enough? Check my blog at http://fapturboincome.blogspot.com/. Cheers!!
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it is not the top forex robot
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See how it will go here – http://www.forexmegadroidblog.com/

As people correctly already answered, we need to see how it goes with demo trading. Again there is also a difference between live and demo account. But lets see how it goes in demo first.
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http://www.forexmegadroidblog.com/

It’s $97 and that was worth a try. Plus it’s interesting playing with it and writing about it. I update my experiance at least once a day at theforexnoob.com .
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BACK-TESTING is useless, and indeed, this is NOT a "real question" (Yahoo Answers should REMOVE ASAP) – However, when one searches for this product, thankfully the "truth" about these Bots listed here now, is listed high in the search rankings over ALL the SCAM affiliate (cheerleader) sites that "popped-up" overnight (amazing how 40+ sites have all used this and made money… oh wait, read the fine print… it’s all hypothetical!! and back-testing sucks!)

Go to http://www.pipcop.com to see FOREXT ROBOTS being FORWARD TESTED on LIVE (and different) broker accounts, and you’ll see HUNDREDS of "busted" Robots (I have no vested interest in PipCop… just that they do what other CLAIM to do) – including the "authors" of said robot..

If they really really believed this was so "great"… why don’t they forward test it??? Because it will blow up your account just like every other robot out there…

And the question asker states "FAP Turbo "was" the best Forex Software EVER made"…. till Megadroid.. Puleeeeeeeze!!

FAPS & FAP TURBO has been debunked – and WILL get your brokerage account closed for "scalping" (the scalping feature is the only part of FAPS TURBO worth some merit) –

Anyway – that claim is "false" – as are the claims made on Megadroid’s website… and it is beyond me why these guys aren’t prosecuted for FALSE ADVERTISING….?? (as well as their affiliates)

As the 1st poster said, LEARN TO TRADE MANUALLY – 4-5 YEARS *THEN* think about risking your hard-earned $$$

There is NO "Holy Grail" robot (EA) out there folks… or if there is, You and I could NOT afford it!!! and it certainly wouldn’t be selling for a mere $97 bucks….

Think about it… if it makes 400% return… Why not trust their own product to make their money vs. all these "infomercial" affiliate-selling hyped up BS sites on the interweb??

Grrrrrr!

* Note – once this product gets out in the wild (only been on market 2 days) and people have the chance to FORWARD TEST on a LIVE CASH ACCOUNT and it does 400%? I will be the first to call these 2 idiots and apologise… Otherwise, till they can provide live forward results, it is your usual marketing affiliate (or as MP said, "cheerleader") SCAM…

Don’t walk, but RUN away from these types of marketing scams and hype (also vote for MP’s answer so other people will see the TRUTH about these robot scams)
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http://www.pipcop.com and the owner’s own site megadroid.com

So before you buy MegaDroid (or any other product) you should have an idea of whether your paying for a real product, or just paying a finders fee to someone else for their paid cheerleading. If the cheerleader won’t answer emails honestly, or tries to gloss over your questions … then save your money and walk away.

NOTE #1: The person who posted this question is a cheerleader; their link (findanyoneinstantly…) is merely a sales pitch for the MegaDroid product and you’ll notice that the button at the bottom of their web page is a XXXX.FXDROID.hop.clickbank.net link. The person asking this question isn’t honestly interested in the validity of the MegaDroid product … this person merely wants to make a finder’s fee off anyone who visits their site before buying MegaDroid.

As for the MegaDroid product, consider …

On Friday (30 Mar 2009) the MegaDroid developers were suppose to have a 1-hour web Q&A session about their product. For various ‘techincal reasons’ the Q&A session was pushed back to the following morning (Sat, 31 Mar 2009, 6:00AM, NY time). The Q&A session was supposedly ‘fully subscribed’ so it wasn’t possible to attend on Sat morning (did anyone actually get into the Q&A session?), but no worries … a recording of the Q&A session would be made available. Guess what … there’s no recording of the Q&A session.

The MegaDroid website goes on and on about how profitable their product is, even going so far as to post their make-believe profits from 2001 to present.

NOTE #2: All of these ‘profits’ are based on what’s called back testing.

NOTE #3: Anyone who’s spent any appreciable amount of time trading the forex, and has looked at countless the-real-thing trading systems, knows that back testing results *NEVER* match live trading results.

As of today (3 Apr 2009) the MegaDroid folks have an addition to their website which shows their ’2009 Live Update’ (ie, live trading) results. Guess what!?! Those numbers are *NOT* live trading results. Those are back testing results generated by running their robot through MetaTrader’s Strategy Tester.

NOTE #4: When asked for actual LIVE TRADING results, the reply from the MegaDroid support folks was basically … "We’re not forcing you to buy our product.". They made no attempt to provide LIVE TRADING results, nor did they try to refute my comments that all of their claims are based on back testing.

As most folks (with a couple neurons to rub together) can tell, there’s a lot of hype/slight-of-hand/bs’ing on the MegaDroid site so, does MegaDroid actually work?

*shrug*

I haven’t seen any actual live trade results … yet. (Again, back testing results are *NOT* the same as live trading results!)

I haven’t come across anyone (no, cheerleaders do not count) who’s actually made money off the product … yet.

At this point the product appears to be unproven in a live trading environment.

You can either wait-n-see if any reliable/believable live results are published … or you can buy the product and hope that the MegaDroid folks stand by their 60-day money back guarantee if you find that you’re not 200% satisfied (how corny is that … *200%* satisfied … it’s not like they’re going to pay you back double your purchase price, eh?).
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I looked at the web site. These people are idiots. If you put in 10K and end up with 50K that’s a 400% profit not 500%. These guys don’t know enough about arithmetic to exaggerate correctly and I’m supposed to trust their computer program.

When you get all the way to the bottom, you find

"All results shown on this website are hypothetical, back-tested results"

In other words, nobody has actually used this program to make money. They just took a formula and kept rerunning historical prices through it and tweaking it until it showed a profit.
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