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[REQ] 4xGreed


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Re: [REQ] 4x%Gr**ee**d

 

Agree with james. Dubious broker choice, indeed indicating requirements of very tight spreads.

 

I mirrored his account (see his website for investor login) and checking how it trades.

 

Looking at trading history:

1. It trades very fast. In and out with large lots.

2. This is a demo account, since there appears to be no slippage.

3. Will only work with tight spreads and very fast execution.

 

See attachment: tons of trades, all trades open and close within the same minute.

Wonder if that will fly in live trading...

 

http://i49.tinypic.com/fs878.png

Thanks for the kudos...much appreciated!
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Re: [REQ] 4x%Gr**ee**d

 

Also downloaded his free indicator...the picture becomes clear now...look at the spreads:

ALL are 1.0 (for all six pairs).

Broker he's using: FIG Solutions Limited, who do offer 1.0 spread (and no commission).

See http://www.figfx.com/forex-trading/trading-instruments

 

Moreover, I wanted to email him and ask some questions...but I can't seem to find any contact info on this website.

Would like to see live account trades.

Thanks for the kudos...much appreciated!
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Re: [REQ] 4x%Gr**ee**d

 

He does not answer the important questions on myfxbook discussion-thread on his greed EA.

 

I think it is the GeniusEA repackaged by a scammer.

 

On myfxbook scammers declare a demo account as a "real" account.

That is deception.

 

I will write to support of myfxbook about this.

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Re: [REQ] 4x%Gr**ee**d

 

Genious trades a bit differently,it would be nice to get a copy of this ea to take a look through the code... Actually nvm its not doing what i thought it was doing, must another repackage scam, we will know for sure in feb 2010..

[spoiler:26ukmy10]Never trust, never fear, never beg[/spoiler:26ukmy10]
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Re: [REQ] 4x%Gr**ee**d

 

tony, the discussion about the GeniusEA is here:

http://www.indo-investasi.com/viewtopic.php?f=6&t=5677

 

The GreedEA is a copy of the GeniusEA although the author claims that he does not know the GeniusEA.

Big coincidence.

The GreedEA is a modified and maybe optimized version of Genius.

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Re: [REQ] 4x%Gr**ee**d

 

Hmmmm, he has deleted his system from his myfxbook account.

 

Not a good sign.

 

Additional 'red flags':

- No mention of moneyback

- No contact info or email address on website

- Very tight TP: you need a reliable broker that has very tight spreads and allows this kind of scalping (sometimes even in and out on same bar)

- Absolutely no slippage...if slippage => loss

Thanks for the kudos...much appreciated!
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