fxknight
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Posts posted by fxknight
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This EA is same or very similar to Euronis 4500. Not a great EA but can make money when Asia does not trend. When it trends = account blowup.
Cheers
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Before adding another pairs it is best I think to stick with the original version and see if it is a scam or not. Can someone who bought the EA email the developer and ask which broker he used to trade the live account shown on the report and also ask for a preset file (if any) that was used to generate the backtest report shown on the developer's website. Without this information it will be difficult to evaluate it.
Cheers
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At first glance this EA looks good. However, when you start to look closer you find out that this is nothing more than the good 'ol "enter and pray" EA. Look at the following trade from their demo forward test:
96787314 2010.08.24 09:34 sell 0.20 eurusd 1.26319 1.26217 1.25119 2010.10.05 20:59 1.26217 0.00 0.00 0.00 10 20.00
Not recommended. It will get into trouble 100% and burn holes into your account. Unless you want to pay $139 for membership and pray together with their members ;)
Cheers
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Attach it to one pair only, it said.
Guys, it is a clear fraud, and it is scam.
open his trading log and find multiple trades on the same currency at the same time. Clear Money Management and well defined EA will prevent it , other wise why limiting to 0.5 LOT if the Lousy code opens one trade after another. As usual it seems like actress behind the scene. This EA for 47 $ ?
Give me a break, I sick of it.
For sure chances are that it is a scam. There is nothing legitimate about it not to proclaim it a scam. But until we do more testing lets give it the benefit of the doubt. My personal opinion of what it is: it is an EA that cannot be really proven not to be profitable by a backtest since it is coded to do calculations on 6 other pairs while it trades the chosen pair. Therefore it has a good place to hide. The seller uses a combination of an edited report and trades the EA at FXCH where pretty much every trade is a winner due to the way FXCH decided to run their MT4 demo server to attract clients and steal their money. This is the reason that there is no broker name in the report but the account # clearly belongs to FXCH account numbering system. More to follow.
Cheers
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Can someone do a backtest with the dates they show on their site to see if it comes back with the same results??
ST
Good idea but not so easily done. The EA calculates MA differences between 7 major pairs in the background so the BT will not run properly unless the M1 data for all 7 currency pairs has been loaded properly. Even when the data is there I am not sure if the BT can handle 100% accuracy with the multiple pair basket. In such case only demo/live forward test will tell us what this EA is all about. As it stands right now I can't rule one way or the other yet until I observe it running live.
Cheers
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I used TradeGuider in the past and I must say it is a great concept that works good on futures like S&P, FTSE100. I don't know about using in on FX since volume in spot FX is not reported correctly in MT4. But lets see how it performs anyway.
When I loaded up the TradeGuider template on a EURUSD H1 chart I got messed up signals up to 21 March, 2011 (today is 16 April, 2011) and no signals after that. Is anyone having the same issue? I think the education might need a little bit more work if this is the case. Please share your results with it.
http://i55.tinypic.com/oj2wbl.jpg
Cheers
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Will be interesting to see which scam it falls under.. ISEA, FxGenius, FXiRobot, 4XGreed, Westerns Slips etc. The 'real' bank statement shows the broker as 'Metatrader 4'. Please post if you have it so we can reveal the mystery ;)
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How come you all get good gains with this robot?
I did a 99% Dukascopy modelling quality backtest on EURUSD H1 from April 2007 to March 2011 and got 25% of my initial balance left!
Good point. I only ran a 90% modelling backtest on it and it was profitable. Maybe Ming directly can answer this difficult question?
Cheers
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here is the indicator
This is the version of the regular indicator. Does anybody have the 'Smoothed" version?
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Does anybody have a version of this indicator either from Forex-TSD elite or here: http://financialprogrammingservices.blogspot.com/2011/02/smoothed-rsi-inverse-fisher-transform.html
TIA
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No > 90% modelling backtests, no forward test, just some BS charts showing "profitable signals". And for today price has been reduced to $77 just for you ;) Smells like a decomposing corpse.
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This seems to be for real. It is not forex, but do you care?
Problem is one of the best arb bookers only accepts customers from UK, Ireland and Australia. If you are a legal resident of any of those countries, you are in luck.
This is a big scam. You can search this forum and find negative user experiences after using this program. #1 all returns are inflated, you can only make like 0,0001% on every arb wager. #2 by the time you would place your arb/hedge wager the odds will change and/or the bookie will not give you the odds you wanted. #3 to theoretically make this work you need a HUGE $$ account since you need thousands of $$ with each bookie resulting in your $$ spread all over around to make pennies potentially. Read the other thread on it for more details but bottom line: scam.
Cheers
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oh brother.. is this guy (aka mr. Dominic) still around? When will people learn this lesson??
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I'm confused what the point of the above post is? Is there file available there for download? Why the thank yous?
He brought the tool to our attention. Sometimes that is just as good as sharing the tool. If you don't know something exists then you will not know to look for it. Hopefully someone will share it here as well in the near future ;)
Cheers
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This looks like some trailing script. Can you post the indicator shared here before? TIA.
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The link is down. Can you or anybody that has this ea and indicator pls re-upload.
Thanks
Second that. Someone that has the indicator please post it to multiupload.com. Only takes a minute and keeps the sharing spirit of this forum going. TIA
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Its some kind of cleverly orchestrated scam. First the broker is hidden which makes one be suspicious. Then just about every trade in history has a duration of 0 seconds.. but (yes you can scratch your head!) makes 7-10 pips profit!!!! Wow, is this guy trading some alien currency market or planet Earth's FX market? One wonders..
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If I could send you 1 thousand "thank yous" I would. This is an awesome tool. It seems like Metaquotes took down the YouTube video which exposes the Virtual Dealer Plugin cooperation. If this does not tell you what a bunch of Criminal Bastards these people are at Metaquotes, I don't know what will. For them to run with this plugin for years and steal probably billions of USD/Euros from clients' pockets is one of the worst crooked schemes ever devised and carefully covered up. Are you still using MT4 after all this? If so I advise you to invest in this tool and expose the mofo brokers that use this plugin. If the broker shows positive for the plugin call them and plainly ask them: "Sir, why are you stealing from me?" In this way we can all send an important message to the FX industry that we won't take this bull**** any longer and the cat is out of the bag.
Best of luck
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Sometimes people are in a hurry and they don't realize that to some posters like yourself a well deserved "thank you" makes a big difference. I think I speak for everybody here that we all appreciate you sharing great tools with us. By posting them you can get feedback while others test your stuff and you can have a chance to get new ideas and improvements from all of us. A big thank you and keep the sharing spirit alive.
Cheers
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H1 on any major pair. Adjust your SL and TP settings for 4/5 digit broker (on 5 digits multiply the values by 10). Also you need to play with lowering the SL and perhaps the TP as well. Seems that guy using it to trade live has adjusted the SL/TP for best results. If you come up with a good set pls share.
Cheers
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Here you go: http://www.multiupload.com/V6F2Y28HV2
Live statement: http://www.multiupload.com/WF35B1QUO3
Please post your results with it.
Cheers
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If he is reading this thread then maybe he needs to read post #2 several times. There is no gray area with this EA. I wish there was. He needs to radically change its concept and not blindly follow other EA developers headed for account destruction with this multiple position basket concept EA. But then again he may sell 200 copies to unsuspecting people who do not read this thread and he's achieved his goal.
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Same good 'ol multiple position risky basket trader. Look at the simultaneous close tome on the multiple positions taken on the same pair.
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the key is in:
- finding a broker (preferably 5digit) that works / manipulates the spread
- setting MinUr to 4.0, less is too risky and goes on red // loss
Even so after you find the needle in the haystack the broker will start widening the spreads and or increase the slippage and you will not be able to win any longer any trade. You can't win against the "Virtual dealer" plugin for MT4. This is what it is designed for. To defend the broker from these EAs and make sure that the dealer wins every trade ;)
Cheers
Post WallStreet Robot
in MetaTrader Expert Advisors
Posted