And here it is, my point of view regarding the Forex Megadroid trading robot. Everything was functioning perfectly up until July when on the 15th the megadroid allowed a huge loss on one trade: 91 pips.  About a month later, another loss was allowed, this time for 63 pips, huge. Yet again one month later, I suffered a 42 pips loss.

I concluded two things after the losses:

A: The forex megadroid CANNOT predict the future, no one can! It’s effectiveness was due to its placing trades during times of lulls in the markets. Unfortunately, these time frames don’t always constitute a lull. In other words, during times of regular lulls, there may be exceptions to the lulls ie. price movement. That’s how the losses came about. There was volatility against the trade all three times.

B: It doesn’t make sense to scalp! It really doesn’t. You are risking 6 times what your target profit is per trade. That makes no sense unless your success rate per trade is nearly perfect. Unfortunately for the megadroid, it really isn’t 95% accuracy rate.  The more sensible philosophy for trading is to minimize loss amounts and let your winning trades run.  In other words, a high reward to risk ratio. It might make sense if your trading system relies on price momentum.

So, do I Let The Robot Trade Anymore?

I actually do. But I supervise it. You see the robot has good algorithms in terms of when to enter the market, and most of the time the trades initiate the trade the right way. But I monitor the trades so that if there is any chance of the trade going against me, I get out of the trade manually. So far it has been working great for very small gains. Like today it placed a trade and I got out of it manually for a 5 pip gain.

So Do I Still Sell The Robot?

NO.

I will take my affiliate links off the page. There is no way I can sell this thing anymore. So if the links are still on when you read this, DON’T BUY THE ROBOT!

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