steve50

Just to let you know that ALL binary option trading is a total scam. NO one ever is profitable in it despite what they tell you. It is impossible to be successful with it and you should learn to trade normal forex. Only person making

money is the broker and that is an absolute fact.

Like I said: It is a copyright and NOT A PATENT. You are too ****** to know the difference and it is as big as the grand canyon the difference between the two.

and its an application. nothing's been granted. i could claim patent on ipod, sure as hell wouldn't get it.

 

its a gimmik. the more BS the more likely there is nothing behind it. empty vessels make the most noise.

 

Read this one more time:

By the way. The guy is an *****. That is not a US Patent. It is a copyright and anyone can get that. The USPTO would never, ever grant a patent on a piece of **** like that. A US patent

is nearly impossible to get for software and he sure as heck does not have one.

Just got this email promoting the first-ever patented Forex robot by the name Forex Striker.

 

The US Library of Congress official website indeed confirms it as registered: http://cocatalog.loc.gov/cgi-bin/Pwebrecon.cgi?v1=2&ti=1,2&Search_Arg=Forex%20Striker&Search_Code=TALL&CNT=25&PID=nzexKav0hR1CuF3XPv-JorKxMLJG&SEQ=20120115205142&SID=1 .

 

The authors display the registration certificate on their site at http://forexstriker.com/

 

Further found its live test on the FPA site: http://www.forexpeacearmy.com/metatrader_expert_advisor/forex_striker/real

 

What type of strategy is this?

 

By the way. The guy is an *****. That is not a US Patent. It is a copyright and anyone can get that. The USPTO would never, ever grant a patent on a piece of **** like that. A US patent

is nearly impossible to get for software and he sure as heck does not have one.

How is it scalping such a low number of pips. Normally that does not work or is this looking good because it is exploiting a bug in metatrader strategy tester which results in this supposed high profit? I have several ea's that

do this but they are bad on forward test,

I tried them and they said it was impossible

It is a total scam. Forex arbitrage cannot work as the market is too efficient. This guy is known for this kind of thing. It will not work so do not waste time.

appaarently you do not know what an indicator really does. It has to somehwat repaint as there is not any possible prediction of the future just a probability which indicators can give you

Not really. they are just activated through an activation process. They are not signal receiving.

I agree. I asked him for my money back and he just called me names and we went back and forth.

I paid $750 for these EA's I got from a guy named Alexander.

 

http://hotfile.com/dl/115078485/c207b6f/Russian_EAs.zip.html

 

One EA he claims took 3K up t 180K in three weeks. The smerch EA was the one

 

You will need to optimize them on 5 minute time frame but when you do this

you will see they have some very good potential. I have included the source code for you to

test all you like. The guy I got them from did not give me much support but you can

use these. I gurantee that they are as good as anything on this forum I have a lot of backtests

included in this zip file too for you to took at. If anyone gets some good results from it please

post them. Enjoy!

Forex peace army is a scam itself trying to sell those those crappy rob signals

I totally agree. forexpearmy is the actual scam

You may want to read this before you turn this guy into a millionaire.

 

This was on this website yesterday http://leoscam.blogspot.com/. but today the site is shut down.

 

welcome to one of the very few non-commercial Forex websites. First off, let me assure you that I am not making any money from this website whatsoever. I didn't even put up any ads, although I could have. The only reason I have made this website is because I am sick and tired of all the scammers in the Forex industry. Actually, I have been quietly accepting it for a few years, but what Leo Trader Pro has done recently is a scam of an unbelievable size (you will see in a few minutes what I mean).

 

A few hours ago, I was still one of the believers hoping that there is finally an answer to my Forex dreams, but it all seemed too good to be true and the natural pessimist in me started investigating, because although they published a live account investor password, there were still a few things that didn't quite fit. What made me investigate further was those things: first off, they chose a broker which almost noone ever heard of. Second, they started trading with $500 only. Third, there is no backtest on the website and the product itself cannot be backtested too (this is important since the system uses an extremely wide stoploss - such systems can work for a long time without a single loss until they hit a stoploss). But those were just suspicions, I didn't have any conclusive proof, until I noticed what I am going to explain in this article.

 

In this article, I am first going to explain how Leo Trader Pro could get such a great looking real account like that and then I am going to PROVE they have done it. And by PROVING it I mean REALLY PROVING IT. No more speculations, but a conclusive proof. After you read and understand this article, even the most naive dreamer will - unfortunatelly - NEVER MORE DOUBT that Leo Trader Pro IS a scam.

 

There are therefore two parts of this article:

PART #1 - How they could get such a good looking real account without a profitable system

PART #2 - Proof that they have really done it

PART #3 - What to do now?

 

PART #1 - How they could get such a good looking real account without a profitable system

 

This part doesn't contain any proof yet, this is just an explanation on how they achieved such results without having a working EA. The proof is in part #2.

 

There have been a lot speculations about LTP having the statement faked by asking FinFX to do that etc. First off, I do not believe that and if I did, I would probably never be able to prove it, so talking about that in this article is irrelevant.

 

How this can be done is much simplier. If you watched the EA placing a trade during the last few days, you can see that at the very beginning, it places the stoploss 330 pips from the opening price (the stoploss is moved much closer before after the order gets in profit, so you cannot see it on the statement), while the average win is 15 pips. That means even if they were placing just random trades, they have 95,6% chance that the trade will end up in profit. That means every 23rd trade would end up in loss.

 

Now, the EA has taken less than 200 trades during the testing period. That means we would have statistically 8 losses. How could these be avoided? Easy: at the beginning, they could have about 256 accounts, each funded with $500. That's $128,000, which is peanuts if you know that in a few months, you are going to get tens of millions back from trusting Forex traders, who are desperate for a no loss system. They could let 128 accounts take a one direction position and 128 take the opposite. By 100% chance, 128 of them ended up in profit (since if one hit the stoploss, the other had to hit the take profit), by 95,6% chance, all 256 ended up in profit. In case 128 of them didn't, they could trash them and continue trading on the other 128. Statistically, one loss appeared after 23 trades, so we need to avoid 8 losses - it could have went something like this:

 

beginning...256 accounts left

1st loss...128 accounts left

2nd loss ... 64 accounts left

3rd loss ... 32 accounts left

4th loss ... 16 accounts left

5th loss .... 8 accounts left

6th loss .... 4 accounts left

7th loss .... 2 accounts left

8th loss .... 1 account left

 

Now this is just an example on how they could have done it, if I thought about it, I think I could come up with many different solutions to do that.

 

You may say "yeah, but I have watched the system placing the trades LIVE and all the prices were OK, there's just no way to fake it...", right? WRONG. The trick is that they provided you with the investor password only during the last few days, so they had about 95% probability that the trades on that account will end up in profit (considering the stoploss was 330 pips far when the trade was placed, while the take profit was only about 15 pips far) and even if they were a loss, so what, it would be 5% of the account, as they decreased the lot size significantly before publishing the investor password.

 

And now you may say "Yeah, but the CEO confirmed it"... well, listen to the call once more, knowing this info. Nothing he says contradicts with this.

 

PART #2 - Proof that they have really done it

 

Part #1 was just a theory, now comes the proof I have found on their own website.

 

 

Now, if you play the video from the International Traders Expo, in 2:48, you will see this shot:

 

 

 

 

This is a screenshot of an account, which is supposed to be the one that users can view on their website. However, it is a DIFFERENT account, because after 152 trades, the currently published account wasn't at $2,092.13, but at $2,587.18, as you can check for example on MyFXBook.com, where users track the account.

 

What this PROVES is that the account presented on Expo was different from the currently published (because back in November, they didn't know which account will be the successful one) and that LTP had multiple accounts and the published one is just the successful one.

 

PART #3 - What to do now?

 

 

We are lucky that we found out now. The EA will probably work for a few weeks now because of the 95,6% chance of winning, however, it will crash down eventually. This means it is just another piece of crap, but this time these cocky scammers will be laughing all the way to the bank with their $10,000,000 cheques... unless....

 

 

1) you ask for a refund within the 60 days money gurantee. They will HAVE TO refund your money, as it is guaranteed by ClickBank

2) let other people know about this fact. The easiest way is to point them to this website.

 

 

I am sorry I had to steal your hope like this, however, I was one of the believers too. Take care and happy trading WITHOUT SCAMMERS.

 

Trust me. They do not make 10 million dollars from an EA by selling it. A 100K tops. Selling EA's is a bad business'

as sites like this steal them then give them away. It is not what it is cracked up to be.

forex peace army is a scam itself and everyone know it. They call everything a scam unless you pay them. I have this EA and it is awesome and it is free. How free software is a scam I would like to know. It is a risky EA yes but if you were lucky enough to use it in 2008 you would have made a lot of money.

 

http://www.destinyforex.com/strategy-testing.htm

I have this same trade sending software. My friend developed it and it is not that great. If a trade is already open on the server and you just now add the EA to your chart you will enter the trade immediately and this is why I know it is same trade sending software. It is secure but it is slow and has bugs in it.

That looks like a scam to me, no offence.

Almost any EA survives a 4 year backtest with 50.000$ trading 0.01 lots. With that risk, many are profitable, as long as they are martingale.

The problem with that is, in theory, if you deposit 2000$, after 4 years, in theory, your account would grow 40% (less than 10% per year). That won't even pay my car's insurance. But it's still nice compared with most funds.

That EA looks like a martingale of 1.5 factor. At a closer look I saw it opening trades of 1.4lots, and i only saw some trades. It seems to open a backup trade every 10-11 pips, so if the market goes wild against it, it blows those 50k in no time.

 

Well, then show me one that has worked longer or as well. ( there are not any)

 

Here is the first 3 months of forward testing on 6 currency pairs all at one time

http://www.destinyforex.com/3sma-prov1-managed-account/DetailedStatement.htm

Then after 3 months Gain closes account we pick it up again here

for the next 3 months http://www.destinyforex.com/3sma-prov1-managed-account/DetailedStatement2.htm

 

And also it is using in the forward test 0.1 lots and not the 0.01. the EA uses total equity earned to close

out the trades for profit and stop.

 

Looks like the best performing EA over the longest time I have seen of any one of these on this site which all I have seen crash out in a few weeks.

http://bestmt4brokers.com/fx-leaders/StrategyTester-EURUSD-longterm.htm This EA survived 4 years of backtesting and they use it on more then just this one currency pair. It is used only on a managed account

when you sign up for one at http://www.bestmt4brokers.com I get email from them and they will accept as low as $2000 as starting investment for the month of July. The sign-up for the account is here

http://bestmt4brokers.com/managed-account-prov2.htm.