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[req] AICASHROBOT


Guest rizalmoham

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When they claimed this is not an MLM, it normally is.

 

The conditions to get the free EA is to recommend 3 friends to subscribe, the subscription is free. This is creating the branch network as in MLM.

After your friends have confirmed their subscriptions, you will be given the instructions to open an account with IamFX broker.

 

In this arrangement, the developers will become the Introductory Broker (IB) and they will be entitled to a cut of the commission of each trade done on our account by the EA. If the account is not ECN, then they might have negotiated a fractional pips as their commission. This will be their wealth generating machine.

 

After the MT4 account has been opened, they will install the EA on the VPS for you, meaning that you will have to tell them your account number and password! Not sure if you will get a copy of the EA.

 

If their EA is good, you may think it's a win-win. If the EA generating losses, like most EAs, they still earn the commission. If they are crooks, they could tweak the EA to enter trades non-stop, bursting our accounts and they still earn their commission.

 

I'm not playing them down but analyzing the risks we will be involved.

 

Remember, there is no FREE lunch.

 

So, the question is this EA going to generate consistent profits for us? They always show very profitable returns on their backtest report. After we purchased and used the EA, the result is far worst than the backtest report. Past performance does not guaranteed the future performance.

 

Hope to see more comments. Thanks.

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