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Automated Pips


MetaCrazy

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There are not forward tests, but demo

http://www.automatedpips.com/statement1k2010.htm

http://www.automatedpips.com/statement06now.htm

 

There are missing data from 05.07.2010 to 07.07.2010

This is a bug of Mql4 data tester

 

I checked some of the data, they are good

 

trust me. they are fake accounts, created from backtest results to be made to look like forward tests.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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http://www.automatedpips.com/blog.html

 

They show an 8-month and a five-year forward test that started in 2006 with MB trading. Did MB even have an MT4 out in 2006? With a little research i found that these are the same people behind ForexSTF.

 

here is the affiliate page

 

http://www.automatedpips.com/jv.html

 

It looks like this scumbag has corrected it and now it does not show "MB broker" any more!

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Mark Fric, the 'morning trade' pusher sent me this email:

 

"Unfortunately, just recently I learned an interesting thing about them. Their statements are from MB Trading broker, but after a research we'll find out that MB Trading did not actually have MetaTrader platform back in 2006, so the statements on the website are indeed FAKE. They are not live account statements. For this reason I DON'T RECOMMEND this EA. Also, I'd like to apologize for wasting your time with a product I didn't know first hand."

 

Looks like he reads II too

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See if this link works:

 

http://www.automatedpips.com/membz3.html

 

It appears to be just another scalper with a tiny TP and a huge SL.

Here's what they don't tell you.. this EA supposedly needs frequent reoptimization. You have to pay a monthly fee of $87 for that part.

Edited by conglo
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'upselling' is the new scam. u pay 97, then the fuckers want to sell us something else for another 97. then optimisation for another 97.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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is it educated? or does it need to be?

 

No, I don't think so, it just seems to work.

I think the optimization business is a scam.

 

This will do well for awhile and eventually blow up due to no stoploss.

 

However, it may still have potential.. if you equalize the TP and SL to 50-100 pips you could apply a D'Alembert progression to it manually and do pretty well.

Profit factor on backtesting M1 on several pairs is around .95, that's good enough for a conservative progression.

Edited by conglo
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