Wednesday, June 10, 2009

FXDROID - The Forex MegaDroid: The new Forex Robot on the block?


No extraneous claims here, no passionate pleas to waste your hard earned monies on forex scams, but I happened to see this product and started to read various reviews and noticed something that most of the forex systems out there didn’t have: A REAL PERSON THAT ACTUALLY VOUCHES FOR THEIR SOFTWARE!!! Matter in fact there was two people of interest. John Grace and Albert Perrie have a combined repertoire of over 30 years trading the forex market.

The interesting scenario with the Forex Megadroid though is more interesting then just the personas who developed the system. A newer technology called RCTPA. RCTPA stands for Reverse Correlated Time and Price Analysis. Of course you can just say “Oh BIG WHOOP, It just looks back for a period’s peaks and trough’s and pulls a few fibonacci trades.” Shockingly, the Forex Megadroid is not really a Fibonacci range trader or a lagging oscillator cross trade mechanism either. Can we say it is a neural network of some sort? Nope, not that either!

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