Introduction
So you have heard about this brilliant new scalping Forex robot known as Forex MegaDroid, promising a 95% winning ratio in any market conditions. We've all heard these claims just before, and practically all of them prove to be false, so is Forex MegaDroid a scam or does it essentially deliver on these big promises? By the finish of this post, you will know regardless of whether or not you ought to acquire Forex MegaDroid.
What Forex MegaDroid Promises
Offered that consumers are immensely skeptical when it comes to scalping Forex robots these days, it is no surprise that Forex robot sellers are resorting to bigger and bolder promises to try to sell their scalping Forex robots on their internet sites. Forex MegaDroid is no diverse, and when you go to their website you are immediately hit with claims of 95.82% accuracy when trading each and every single industry and that it really is such a strong method that you are going to quadruple your cash for certain. Well, I don't know about you, but these types of claims bring up all my defenses and undoubtedly do not decide to buy into these sorts of hyped up sales messages.
Forex MegaDroid and any type of 'high accuracy' system falls into the category of scalping Forex robots, which aim to pick up just three-four pips every time it trades. As a trade off for these tiny pip profits, you're expected to allow a quit loss of hundreds or even thousands of pips in return. Well, I don't know about you, but a 1000 pip stop loss scares me to the core. Consumers could possibly assume that that could by no means occur, but just think of the Japan 8.9 Earthquake that happened recently that triggered the USD/JPY to crash a great deal more than 1000 pips in a matter of hours. If a method like Forex MegaDroid had you in the markets the exact moment it occurred, you would wipe out months of trading profits in a matter of minutes.
What It Actually Delivers
Nicely, that's the dangers of the hyped up promises that Forex MegaDroid presents, but that is all theoretical soon after all. The most vital measure is how it in fact performs in practice, so in spite of all my reservations, I went ahead and bought Forex MegaDroid to certify as soon as and for all whether or not it truly delivers on its promises or not. That was in June, and more than a six week period it managed to do all of fifteen trades, albeit all winners. So far so really good, but in terms of quadrupling my dollars, at the rate it was going it would have to be centuries prior to that occurred.
On the seventh week, Forex MegaDroid took a trade in the EUR/USD that went the other way just about right away, and each and every day following that I had to wake up to the loss growing bigger and bigger, till it finally hit the quit 300 pips away. Needless to say, it wiped out all the little gains it had been collecting up to that point, and ate into a substantial chunk of my (demo) capital as well. Forget about the revenue back guarantee, due to the fact had I been foolish adequate to trade Forex MegaDroid on real funds, I would have halved instead of quadrupled my capital.
I requested a refund on the spot, and I caution you and everyone else from stepping close to Forex MegaDroid with a ten foot pole. Forex MegaDroid could possibly not be a scam in that it does make some earnings some of the time, but you'd superior pray that you do not ever get hit by a freak event like the Japan 8.9 Earthquake, or your account is doomed.