The Forex Noob

I received this email today. It is in the account I use for possible spam and not the email acocunt used for the purchase of this or any product. I get to see the mail sent to prospects and customers and compare. Here’s part of the email:

It’s good to see action on FAPTurbo and Forex MegaDroid. I’m still very confused especailly with Droid. Here’s an example of my confusion.

Last night I had two MegaDroid trades within an hour of each other. Here’s the results.

You can see two buy orders placed within an hour of each other and closed within two hours of each other, the first trade closing before the open of the second. Now look at the actual chart. I labeled the buy and sell for the first trade but the question arises for both trades.

If Forex MegaDroid is truly Artificial Intelligence and can “see 2-4 hours into the future” why did it close for a 10 pip profit when it could have closed much higher soon after?

I’m happy Droid made a profit but it was marketed as and many of us purchased it because it was more intelligent than other forex robots. It would make larger profits because it looked past the knee jerk reaction of less intelligent bots and look into the future and see the larger profits.

Has anyone seen that ability in MegaDroid?

As for the rest of the accounts here are the results for last night.

Tne FxPro account was more active than usual, 5 FAPTurbo and 2 MegaDroid trades. Unfortunately the small FAPTurbo trades were wiped out by a large loss.

The ForexMeta account had two Droid trades, no FAPTurbo trades.

The Mig FX account has  FAPTurbo and Forex MegaDroid installed like the others but has yet to have a trade. I opened the demo account with Mig FX because of reports that the robots were not trading on peoples acocunts. It appears that this is the case. All other accounts, four total, have traded using the AE’s at one point or another. Mig FX has yet to open a single trade.

LiteForex saw a number of FAPTurbo trades but none for Forex MegaDroid.

There’s even one open trade still running. This is confusing. (Notice the last trade close time. It was open when I started this post)

Is there a reason for a robot trading differently on various accounts? One would think that if conditions were good for a trade they would be good for a trade no matter what broker was being used. Why do we see MegaDroid trading on three and not the fourth? (I discount Mig FX, it appears to be unfriendly to the bots).

Why does MegaDroid not live up to it’s advertised intelligence and ability to see the future?

Nothing is perfect I know.

Thanks for your time,
The Forex Noob

The Triad Trading Formula webinar is ending. I’m underwhelmed by the information and presentation. Yea, these guys are traders not pitchmen but I’ve seen the info before. The Triad system may be a good one but the info in the webinar was the same as on Jason’s video bolgs.

In a nutshell the Triad Trading Formula is $1997. There is a 3 payment plan. They say they can only support 997 customers with their support so it is for sale for just a week and once the 997 are gone that’s it. Bonuses include:

• The 1st 25 to buy get a personal 1 on 1 phone coaching session with Jason Fielder.
• The first 75 get a simi private coaching call with Jason.
• The 1st 150 get Jason’s Private Trading Plan.
• A Super Surprise bonus is a $2,000 piece of software. Not sure what that is.

I assume they mean the first 25 get the one thing, the next 75 get the next thing and so on.

Go to TriadFormula.com/firsthour to buy it now, within the next hour. It will be open for sale in the morning.

Additional stuff…45 day money back guarantee…you will be mailed DVD’s, text book and more…Frank Moules won a copy of the Triad Formula.

The one hour deal will be open again after the 8p EST webinar tonight.

http://www.foreximpact.com/webinar8pm/?p=14322 – Live @ 8pm ES

If you were on the webinar let us know your impression.

Man, the new business has be running and I just realized I hadn’t posted my morning update.

It wasn’t until yesterday evening that I got FAPTurbo loaded on all of the demo accounts but as of about 9p EST they were running. Here’s the action form last night.

LiteForex up $39 with one MegaDroid trade. No FAPTurbo trades.

ForexMeta up $28 with one MegaDroid trade. No FAPTurbo trades.

Mig FX no trades at all from MegaDroid or FAPTurbo

FxPro up $25.2 with one MegaDroid trade. No FAPTurbo trades.

Fast FX up $6.56 on two FAPTurbotrades, $9.02 & -$2.46 on USDCAD. Droid is not currently loaded on this account.

The interesting thing is that the three MegaDroid trades were all initiated at the same time 0:22 but closed at different times. Why would this occur?

One thing that I have noticed is that my focus has been drawn away from trading and toward the bots. I’m sure that will turn around but I want to know what makes them work and why. How does the broker effect the trading? They all seem to be triggered by similar events and all make small profits. And they all trade at virtually the same time period. I thought Forex MegaDroid was going to be trading all the time, that’s what the hype said.

What systems are your using? I’m running an indicator that seems to pick up opportunities better than the robots. Funny thing, at almost the same time FAPTurbo

initiated the buy order that lost money the indicator I play with showed a sell. The indicator won that one. Although had FAPTurbo held on for another hour and a half it would have won a 30 pip gain instead of the loss.

Question: If either bot has an open position as a volatile time begins does it automatically close or will it hold on? Most of the time when I analyze the trades that either EA makes I see that if it held on for a bit more greater, or positive, gains would be made. It’s almost like they quit right before the money comes in.

Thanks for your time,
The Forex Noob

Have you received the emails saying the Triad Formula webinar is happening in one hour? Mine came at 1:33am EST. The webinar is today but at 1p EST

http://www.foreximpact.com/webinar1pm/?p=14322 – Live @ 1pm EST

http://www.foreximpact.com/webinar8pm/?p=14322 – Live @ 8pm EST

So what do we know about the Triad Formula? I’ve watched all of the videos on Jason’s blog and it makes since, but hten it all makes since to me right now, I’m a Noob.

Ben raised some questions in a comment on this post that went unanswered by the Triad Guys. I’m not expert enough to answer Ben’s questions and am skeptical enough to be leary about any product so I’d like to know the answer.  I also realize that most blogs and sites, especially those marketing products are generally one way conversations. They tell you what they want you  to know. If you ask a question it is ignored. Hey, I like Mark Larson but he has yet to answer two questions I have asked.

Enough of that. Let’s see what the Triad webinar has to offer.

OK, here’s my disclaimer, I signed up for the Triad Affiliat program. I am not pushing it, I know too little about it. I do like Jason’s video’s but again, I like most training videos I see because I know too little to know better. Triad is more expensive than FAPTurbo and MegaDoird so be careful if you are considering purchasing it.

If you do buy Triad please, PLEASE keep us posted on your results. If it is doing well and making money cost is less relevant.

Thanks for your time,
The Forex Noob