i purchased one and when put on the demo account... it only accept EURUSD........ not able to use on other currency.. and suggest all to wait and see ... i have put up on my test account and no trades are done... and still waiting 3 hours past...... for the the ea to work...... ...

not sure whether is it working or not .. will post more later

ive made close to $500 on demo first few trades with megadroid...of course just starting trading it...we'll see where this goes. I think it avoids holidays and major news.

just cautious--- losses against profit .

I also purchased the MegaDroid. So far I am somewhat pleased with the results. Granted it has only made 6 trades so far but all were profitable. The thing that really aggravates me about these guys and other similar robots is their marketing campaign. They clearly state that the benefit of this robot is that it randomly trades throughout the trading day so brokers can lock on to a particular trading time to manipulate the spread. This thing only trades from 5-7pm EST. I have repeatably asked for clarification from their support about this and they keep sidestepping the question. I even pointed out that in all of their back test results going back to 2001 there was never a trade opened outside of the 5-7pm EST. You can even look on the screen and outside of this time frame it says "Waiting" and inside the 2 hours it says "Running". In terms of the poor backtest results people are getting it's probably because of the GMT offset and the broker used during backtesting. Their support sent out an email yesterday saying that it's best to use, I believe, ForexMeta's platform because the GMT offset does not change due to daylight savings time. I can tell you this much, if you try to back test using a different GMT offset the results are horrible so I guess what they're saying is somewhat true. With the exception of all the lies in their marketing campaign I can't complain too much because all my trades have been winners. But hey it's clickbank, I'll wait the 60 days and see what happens.

Wayne

Ok i tested with live account ,,
1. seems to have a bug..
2. it never trades takes up to 24 hours to trade 1 and pips 2 - 10 pips
3. sometimes48 hours 1 trade...

and i am also testing on demo as well ,, there is a set back.. please post if anyone find the same issue.

Atlast..peterdias77 was a scammer, who just wanted my 200$ indicator for free.. I should have known by his posts..
Hence new comers beware of this scammer.

Any other reputed programmers here?

Thanks

I also purchased Megadroid at the release date and run forward test on demo.
It's produced 6-7 winning trades about 10 pipis each with relatively small lots and then 1 loosing trade ~35 pips with relatively large lot and this trade erased all gains. Since then no more trades in 5 days. I am going to contact support. Their marketing campain is very aggressive and irrelevant to software. Well, it's clickbank so have time to consider. Besides very suspicious restrictions to trde just one pair

Don't put all EAs in the don't work catergory. Many EAs out there make consistant profits over the LT, if you are happy making 3 to 5% a month like i am then there are EAs that can do this, i know this because i have some that can do that.

If you are wanting something that can make 100 or 1000% a month then your will never find one, it all depends on how greedy you are

I can't say I have had the same experience as you. I have been running Megadroid on a live account (my mini play account as my demo account never matches reality) and so far this month it has made about 230 pips. I also run the Swiss Army EA and close any trade that breaches 2% of my account balance.

I've got to say that I'm getting really fed up with the morons on this forum who only know one word - "scam"!

If any of these gifted product reviewers had the brains to develop something useful then I'd be more than surprised so to all of the half-wits out there complaining about MegaDroid, FAP Turbo and the other decent robots being sold:

1) learn how to use the product PROPERLY
2) do some proper research
3) trade it live and as per instructions
4) quit complaining about EAs not making trades after 3 hours
5) quit complaining about small profits - a profit is a profit!
6) when you can out-perform the robots, tell us - if not, keep quiet

Now, as I'm a happy owner of MegaDroid, let's put some meat on the bones...

1) I can match the results on their sales page EXACTLY - same trades, same winners, same losers
2) I've not had a SINGLE losing trade on my live account so far
3) I've been answered quickly and courteously when I've requested support

Does it trade every day?.. No! Do I care?... No! - I'd rather have 10 winners for the month than 50 trades with lots of losers.

Would I trade it with the likes of IBFX?... No! - they play too many games with the spread to risk a scalping bot in my opinion... even trading majors.

Why do you think that the system only trades EURUSD? Because each currency pair has its own personality - a system that works on EURUSD is NOT going to work reliably on GBPUSD, USDCHF, etc. - they all act differently - this is not some great secret... it's part of Trading 101! Is this "suspicious" as some bright spark commented earlier? - of course not, it's the most sensible, logical thing in the world.

Does it trade within a 2-hour window? NO!... it does just seem to trade the overnight session but it DOESN'T stick to a 2 hour window as someone stated in an earlier post. Having said that, I wouldn't care if it did - I'm looking for accuracy and profit... if I want excitement then I'll go to Vegas.

Finally, I'll apologise if this seems like a bit of a rant but I know that lots of potential purchasers of products like MegaDroid, FAP Turbo, etc. will have been scared off by the unfounded, inaccurate, misleading and, at times, blatantly stupid remarks made by "experts" in threads like this one who, in reality, probably can't even fry an egg without assistance and I find that very sad because these misled souls are missing out on some good pips.