Forex Megadroid works well but not flawless

Jim at Trading Gurus is one of the only people who actually go and test the much hyped trading systems such as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Megadroid.

Following the Megadroid team's warning that the robot might stop functioning following the FIFO rules he gave it another test.

Two conclusions I get from reviewing his latest test results:

1. Forex Megadroid works. And even works pretty well.

2. Megadroid team's statement that "Had no losing trade since 20th March 2009!" is inaccurate.

Anyone reading this blog knows that I'm not a big fan of commercial retail Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term robots as I believe that the people behind these robots are better marketers than developers. I also belive that these people have little or no interest to make sure their software works after completing a sale.

But with Jim's ongoing testing of the Forex Megadroid I can see that this robot is not a complete scam. It doesn't work as well as the marketers behind claim it to be, but it still produces satisfying results.

This is the backtest result Jim received: