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Very profitable EA

fazli2810

By fazli2810
in MetaTrader Expert Advisors

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pro Newbie

pro

Posted
Posted
Please someone share this.

 

Item no 170464414022 in ebay. 1187 Winning trades 1 Loser

NEWTEC Forex Metatrader Expert Advisor 99%Winningtrades

 

Please someone share.

 

Thanks

 

Such win rates are always fabricated, better u buy his t-shirts..

scarface Newbie

scarface

Posted
Posted

Hi all,

 

Good day,

 

I wouldn't buy this EA even if I had $1M. The reason is obvious. This person didn't show a backtest, and it is on forward test for around 5 incomplete months. Is that enough to proof that his EA good or not??

 

The answer is NO.

 

I believe this seller has blown up many demo accounts before he try his own EA. Besides, this account doesn't show it is demo or real. In addition to that, the seller is using Fxopen, which by the way market maker (big scammer).

 

I don't need to say more because you can find out easily about this.

 

I bit that this EA is somewhere on the net and the seller maybe added some code and then wants to sell it.

 

I hope this helps.

 

Best wishes,

 

SF

a New Year 2011 has come, and the challenge has just started 8-)
khoroso Newbie

khoroso

Posted
Posted
Sorry this is out of topic reply... but how can you use FXOPEN as market maker is a big scammer... currently i'm thinking to move an account to fxopen.. please give your insight...
  • 2 weeks later...
Sneed Newbie

Sneed

Posted
Posted

It seems to make a trade every few minutes. Normally systems like that have a lot of open positions that sometimes exceed any profit. I was not able to see how many open positions he has? :-?

 

If you look on eBay there are quite a few sellers like that. I would wonder why would you bother to sell stuff on eBay if you make good money trading?
anzeigenmichel Newbie

anzeigenmichel

Posted
Posted
yes. the newtec from ebay listing. please post your backtesting. i do not testing it yet

 

enjoy it

 

hello dear fazli2810,

 

 

thank you!!!

but with me does not work newtec also because of sigma indikator.

(Cannot open file......)

 

does not function!!!

 

am on that looks and search the sigma indicator....

 

best regards

robbye67 Newbie

robbye67

Posted
Posted
khoroso to answer your question I would first check the NSA web site to see if they are a member http://www.nfa.futures.org/basicnet/. If they are not forget them and look else where. If they are and any cases were brought against them, read the cases. If they claim to be a member of another regulating authority investigate. I saw a broker claim to be a member of an authority and it was. It was a member of a housing authority which had nothing to do with Forex. FXCM have won many court cases because their defense was that they didn't belong to any authority; therefore, they didn't have to follow the rules. Finally, investigate them on message boards and see what others have to say about them. If you see the same compliants over and over again on different boards, then stay away. Don't pay too much attention to the kudos because they have employees write them to try and counter bad press. Note: Alpari's pip spreads run from 9 to 53 pips after hours. I know this because I am presently unemployed and I am up at all times of the night and I was demoing their software until I saw that. . If this is off topic I do apologize. I just wanted to help out as I know the feeling.
Csh-flow Newbie

Csh-flow

Posted
Posted (edited)

Could anyone share the ea with the indicator?

I download the ea and the indicator and it says in Experts area in mt4 that is missing "Moving Averagesigma.ex4"

Thanks

Edited by C@sh-flow
Sneed Newbie

Sneed

Posted
Posted

Have you gotten it to trade yet using this indicator? In the statements it seemed to trade every 4 or 5 minutes. But, I haven't seen it trade even once yet. Does it have a built in hours of trading, where it trades only during certain hours? :-?

 

Here is the indicator you asked for... It had a similar name from another similar EA (which doesn't work as promised anyway), and it uses the exact same parameters, so I renamed it for you. Enjoy!

 

http://www.easy-share.com/1910245022/Moving averageSigma.mq4

satoru4944 Newbie

satoru4944

Posted
Posted
The EA states that the TF is 5M, on line 1 of the settings. Where does it say that TF should be M1? :-/

 

Please see ebay's Strategy Tester Report:)

Sneed Newbie

Sneed

Posted
Posted

Thank you satoru4944. =D> I did see the Strategy report, but like many people did not remember that time frame is listed. When looking at the Strategy report, I was only looking at winning trades, losing trades, and the profit curve. I had it on 3 brokers, and the 1 minute time frame made did do better than the 5 minute TF. It didn't start to trade until approximately 22:00-22:30 server time.

 

I guess the 5M TF written on the EA was a mistake, or for some other strategy. On the eBay page it says that the EA comes with 3 Risk settings "Lowest, Normal, Higher", but I don't know what that is all about without a manual. The settings on the EA don't seem to use those terms.:-/

 

Please see ebay's Strategy Tester Report:)

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