I purchased the Forex MegaDroid robot a little while ago, but I’m still waiting for a separate account I set up specifically for this to get funded. Figured while I’m waiting I might as well explain what this ‘robot’ is and what it’s all about.

The Forex MegaDroid project was created by John Grace and Albert Perrie. John Grace has been trading since 1989 and used to work for a large trading firm where he was active in stocks, options, futures, and forex before teaming up with Albert Perrie, who had been an active trader-analyst since 1991. Both have extensive experience in momentum and price action (the two things traded most by professionals in ‘the pit’), and wanted to see if they could apply everything they’ve learned about the markets over the years into a rule-based algorithm that would automatically trade the market.

You may be wondering at this point, ‘How in the heck would they do something like this?’. Well, one of the most popular forex charting platforms, MetaTrader, solves this problem with ease. Forex MegaDroid is nothing more than an EA or ‘Expert Advisor’. MetaTrader incorporates in their platform a venue for programmers to create fully automatic trading systems via simple lines of code, which when completed becomes what’s called an Expert Advisor (essentially a robot). This allows virtually anyone with prior programming experience to make and test their own trading methodologies.

Forex MegaDroid, however, is not just any robot. It’s algorithm is based on ‘Reverse Correlated Time and Price Analysis’. This is a propriety strategy that has taken years for John and Albert to perfect built right into the bot, which allows it achieve an amazing 95.82% win ratio. You can see on the site they even post an amazing track record, going from 2001 all the way up till present day. That’s pretty amazing and gives me some confidence in this thing.

I cannot tell you all how excited I am to try this out. I’ve already heard such good things about it that I kinda have my hopes up, but we’ll just have to see what happens with it. Be sure to come back over the next few days to see the updates!

Hello world, Jim here! About two years ago my accounting firm I work at started laying off its employees. While I wasn’t fired, I had to ditch my dreams of a big promotion and a nicer house. That is why I decided to get into online trading. I started off trading fake money for a few months, and in those few months I learned a bunch on how the market works. I was waking up every morning before work and making a few trades. The only problem was I was always losing money, or at best, breaking even.

However, this didn’t discourage me. I had learned in those few months that the market wasn’t just random, it had behavioral patterns. I spent the next six months or so trying out a variety of different trading methods, most of which involved indicators and such. I had a couple good days here and there, but again it was mostly a loss.

Which leads to me my current situation; I need to figure out why I am not making the money I should be with trading online. My theory is that my emotions keep coming into play. Whenever I trade with fake money, I seem to be more successful. Fear and anxiety get the best of me when I am risking my personal cash.

This is why I have started this blog, to record my thoughts and emotions while I try out the Forex Megadroid. It is supposed to have an amazing win ratio, supposedly around 95%. For all you traders that can’t seem to figure out why you aren’t making the money you should be, join me in my journey and maybe together we can find out where we are going wrong!