Triad Available Again

I have just learned that they will be releasing 200 more copies of the Triad Trading Formula tomorrow. If you are looking for a new manual trading course with lots of bonuses then you may want to consider it. I’m back and forth on it personally – it is pricey – but it looks like a solid product.

If you are considering it for yourself – I am still offering a $200 rebate to anyone that buys Triad through my affiliate link and does not ask for their money back on it. Here is the rebate offer and my affiliate link:

I am probably going to regret doing this in two months, but a personal situation has arisen that requires me to raise some extra money for a medical procedure I have been putting off while I have been in graduate school. I am fine, I just need a procedure done.

So, what I am going to do is offer to share some of my affiliate commissions with my loyal readers.

Note: Some readers thought they purchased through me, but I never got credit for the sale, which means they didn’t qualify for any of my bonuses or rebates etc. Before clicking on any of my advertising or affiliate links, be sure to hit “Ctrl+Shift+Del” to clear your browser history.

$200 Rebate if you purchase and keep the Triad Trading Formula

If you have been on the fence about purchasing the Triad Trading Formula, you might want to take another look. They only have 17 copies left according to the email I just got, and they have just added about $7,000 worth of extra bonuses which include several other trading courses from Bill Poulos and others.

At first I really felt like it was too expensive, but now that you are getting 5-7 courses for the price of one, I think the value proposition looks a little different. Even better, is that even if you send the course back in 45 days to get your money back, it looks like you still keep all of the bonuses (don’t quote me on that, but that is what it looks like)!

Now, if you don’t have the $2,000 in your checking account – please don’t just slap this thing on a credit card. I am sure there will be other opportunities down the road and there is no need to go deeper into debt if you can’t afford this right now. Prudence is a part of being and becoming prosperous.

To sweeten the deal, anyone that buys Triad through my affiliate link and does not ask for their money back within 60 days (I only get paid when people don’t ask for their money back), I am going to offer you a $200 rebate. If after 60 days you have kept the Triad Trading Formula and not asked for your money back, I will send you $200.

Now, if you get Triad and aren’t happy with it, then by all means send it back for the refund. But, if you decide to keep it I will send you $200 to take some of the edge off of the price.

You can check out the Triad Trading Formula here:
http://www.fxrobotman.com/recommends/triadtrading

MegaDroid Concerns

One reader has reported that he experienced a “Trade Context is Busy” error last night on his live account while trading MegaDroid. This could be a broker error, or the result of MegaDroid not handling multiple EAs correctly. I have confirmed that the MegaDroid coding itself is supposed to avoid placing orders when the “Trade Context is Busy” so I am not sure what is going on here. I am still trying to figure it out and will keep you posted.

$200 Triad Rebate & More

I am probably going to regret doing this in two months, but a personal situation has arisen that requires me to raise some extra money for a medical procedure I have been putting off while I have been in graduate school. I am fine, I just need a procedure done.

So, what I am going to do is offer to share some of my affiliate commissions with my loyal readers.

Note: Some readers thought they purchased through me, but I never got credit for the sale, which means they didn’t qualify for any of my bonuses or rebates etc. Before clicking on any of my advertising or affiliate links, be sure to hit “Ctrl+Shift+Del” to clear your browser history.

$200 Rebate if you purchase and keep the Triad Trading Formula

If you have been on the fence about purchasing the Triad Trading Formula, you might want to take another look. They only have 17 copies left according to the email I just got, and they have just added about $7,000 worth of extra bonuses which include several other trading courses from Bill Poulos and others.

At first I really felt like it was too expensive, but now that you are getting 5-7 courses for the price of one, I think the value proposition looks a little different. Even better, is that even if you send the course back in 45 days to get your money back, it looks like you still keep all of the bonuses (don’t quote me on that, but that is what it looks like)!

Now, if you don’t have the $2,000 in your checking account – please don’t just slap this thing on a credit card. I am sure there will be other opportunities down the road and there is no need to go deeper into debt if you can’t afford this right now. Prudence is a part of being and becoming prosperous.

To sweeten the deal, anyone that buys Triad through my affiliate link and does not ask for their money back within 60 days (I only get paid when people don’t ask for their money back), I am going to offer you a $200 rebate. If after 60 days you have kept the Triad Trading Formula and not asked for your money back, I will send you $200.

Now, if you get Triad and aren’t happy with it, then by all means send it back for the refund. But, if you decide to keep it I will send you $200 to take some of the edge off of the price.

You can check out the Triad Trading Formula here:
http://www.fxrobotman.com/recommends/triadtrading

What if I can’t afford or do not want Triad Trading Formula?

I am also going to make a rebate offer for all ClickBank products purchased through my affiliate links during the month of May 2009. For any ClickBank product priced at $197 or higher that is purchased through my affiliate link,I will give you a rebate of 50% of my affiliate commission up to $50.

Same rules apply as before, you must keep the product, and not ask for a refund within the 60 day money back guarantee period to qualify. I only get paid when people don’t ask for a refund. If you really aren’t happy with the product, again, feel free to ask for your money back, but if you decide to keep it I will share my commission with you to sweeten the price.

If you find a ClickBank product that you want to buy using my affiliate link, but I don’t have it listed on my website, then just shoot me an email through the contact page and I will email you the appropriate link.

I have not had a chance to evaluate the Forex Magic Machine just yet, but you can check it out here:
Update: It appears that Forex Magic Machine might be a rip-off of a freely available EA, and I refuse to promote this product.

Rebate Form

To claim your rebate, just wait for the money back period to elapse, and then send me an email with the completed rebate form below:

http://www.fxrobotman.com/downloads/FX Robot Man Rebate Form.doc

Forum Posting and Referral Contest

I haven’t locked down the details yet, but I am also going to launch a contest to help improve participation and membership at the new FxRobotMan-Forum.com . I think what I will probably do is setup a live account to trade the MegaDroid, and then I will split the profits with the Highest Posting Member and the Highest Referring Member.

More details to come…..

Have a good weekend everyone!
-Ben aka FX Robot Man

Forum Launch & Other News

Dear FX Robot Man Readers:

A couple of weeks ago as a result of the large discussion activity on my MegaDroid reviews I decided it was time to seriously pursue setting up my own discussion forum. In order to help pay for the necessary software and additional hosting requirements I set up a donation page.

Thanks to several generous donations I was able to purchase the vBulletin forum license and get the forum ready for business. There are still I few plug-ins to purchase, but the forum itself is actually ready to go.

This forum is completely empty right now, so I am counting on my loyal readers to get the ball rolling and continue some of the great discussion from the blog comments over on the discussion forum. Please setup and account and go ahead and start to create discussion threads.

So, I am pleased to announce the official launch of FX Robot Man Forum which is located at:

http://www.fxrobotman-forum.com

MegaDroid Update

Although it has been a slow week for the Forex MegaDroid, we still got a couple of trades and the demo account is now up 28% in only about 3 weeks time. I will reiterate that I am quite pleased with how consistent and stable the MegaDroid appears to be so far.

Weird MegaDroid Phone Call

I don’t know if anybody else has gotten a phone call from the “Forex MegaDroid Business Development Team” or not, but they called my phone about a dozen times before I decided to pick up. Then, once I did it ended up being a rather weird conversation. I’m honestly not sure what the whole point of the phone call was. The caller, a guy named “AL”, just asked me if I got it downloaded and setup correctly and then asked some questions. I am guessing they were probably trying to up-sell me something like a broker referral or VPS service or something, but he never really quite said what he wanted.

Has anyone else gotten one of these phone calls?

Anyway, annoying marketing or not, the MegaDroid is performing great, and frankly that is all I really care about.

Why Ask for a Refund

I have noticed that a couple of people (not many, just a couple) have asked for refunds on MegaDroid and I am actually pretty confused as to why. If you have taken your money back on MegaDroid I was wondering if you would please drop me a quick email and explain what happened. I know that the software was a big buggy at first and the marketing and support can be annoying at times, but it is so rare to come across a program that consistently makes money like MegaDroid that I am surprised by the refunds within 5-10 days of purchasing the program.

Because MegaDroid is making great money (30% in 3 weeks) the only reasons I can think of is that somebody didn’t know what they were buying (i.e. did not understand forex auto-trading) or could not figure out how to get it setup and working correctly. Other than that, the system itself has been golden for me. If you had a $1000 in your trading account, MegaDroid should have you up to $1100-$1300 by now, which means it has already paid for itself in 3 weeks.

You have 60 days to ask for your money back, and by all means if you are not happy with it, go ahead and take it. But, why not trade it for at least 45 days to see how it works? Some of those asking for refunds have done so within 5-10 days of purchasing, which is simply not enough time to even evaluate MegaDroid. Again, please send me your thoughts on this so I can either help address them, or at least have a better understanding.

Triad Trading Formula Release

I am sure most of you got bombarded with the “Triad Trading Formula” marketing tsunami this week. This is one of several different mechanical trading courses that have been released in the last few months, and all of them seem to be priced in the $2,000 range.

It is hard for me to say much about these courses, because I am mostly focused on auto-trading systems that are $500 or less. One thing that is difficult to asses with these courses is how much they are really worth and how much money you need to trade them successfully. Because they are not automated, and are therefore even more subject to discretion than auto-trading systems, we hardly ever see forward trading histories to help us evaluate the system.

So, with limited forward testing or back testing, it is hard to draw a clear picture sometimes. That being said, I have been following Jason Fielder on his mailing list for some time, and he appears to be a legitimate trader, and I would not be surprised at all if  his $2,000 course and indicators turn out to be a well done and useful package, but it will most likely not be for everyone. This course is certainly not the type of system you slaps $2,000 on your credit card for and expect to be rich in a couple of months.

At one point in the sales letter he claims to have made 6,000 pips last year using just the swing trading strategy. Risking 2% of your account with 100 pips stop loss and assuming that you do not do any compounding this would basically come out to 10% per month, or 120% per year. Based on these results, and using the methods I have described in previous articles, that would mean you should have a minimum of $5,000 and probably more like a minimum of $8,000-10,000 in trading capital in order to justify purchasing this system.

If you like trading courses and you prefer to manually enter trades so that you can use some of your own discretion, then this might not be a bad course for you, provided you have the $10k in trading capital necessary to justify it.

Here is the shameless affiliate link:

http://www.fxrobotman.com/recommends/triadtrading

FAP Turbo Update

I continue to get questions and emails regarding FAP Turbo because of the high page ranking my prior articles are getting on google. It has been quite awhile since I have written about FAP Turbo, and I know many of your are still waiting for Part II of my Monte Carlo analysis. Because the trading performance started to change on FAP Turbo, I decided to hold off and get more trading history, and then rerun the Monte Carlo analysis.

The full article should be ready next week, but basically I plan to say that FAP Turbo should be put on the shelf for now unless you have a great broker with super low spreads. There may come a time when the broker liquidity situation improves, but for now I will not be trading it myself. If you still want to trade FAP Turbo, I recommend using the PRO version and using Alpari UK as your broker. Further, your should keep LRR in the 5-10% range and should probably only trade the EURCHF and EURGBP.

For those of you that know how to run the MT4 strategy tester, you might want to try optimizing the stop loss settings for the EURCHF and EURGBP and see if you can find a way to limit those losses. I hadn’t planned to say much about this yet, but I am actually writing a new expert advisor that actually applies a martingale grid to FAP Turbo trades to help recover or limit losses, but it is a long way out from being ready, and martingales are a whole new animal when it comes to managing risk.

The End

I know this has been a lengthy update, by I prefer to write long posts once a week rather than short posts throughout the week. If you would prefer that I write up short little posts every other day or so, then please let me know, and perhaps I can change things up a bit.

Until next time, please head over to http://www.fxrobotman-forum.com and get your forum account setup so we can continue the conversation on the new discussion boards.

-Ben aka FX Robot Man