ForexMike Posted October 1, 2012 Report Posted October 1, 2012 I remember Dean Malone when he was working at the scam company GlobalTec Solutions which developed 4xmadeeassy back in 2002. Scamming seminars enticed traders to purchase their green and red arrow system on cherry picked charts and told how the pretty arrows would tell them to trade or not to trade. The company was sued many times over for false advertising and Dean was one of the scam artists that was selling this junk. Just out of curiosity, how many traders remember this system? ⭐ dukeaugustus and freddy 2 Quote
marthart Posted October 1, 2012 Report Posted October 1, 2012 Yes I do. Well I remember people who had bought it at a seminar turning up at T2W (which was the big forum at that time) Looking for better ideas. Of course the kind peeps at T2W gave them a hard time. so that was Mr Malone. the little rascal. ForexMike 1 Quote
ForexMike Posted October 2, 2012 Report Posted October 2, 2012 Thanks for doing the research and posting this my friend. Quote
ivonivon Posted October 3, 2012 Report Posted October 3, 2012 (edited) Maybe not DOTS-relevant, but right now for whatever reason it is (blown up account?), he has switched to demo account. Yeah I know he is "having trouble" with PFG as his chart frequently freezing. But.. for months? If you're familiar with Dean, you may get the idea why I'm thinking about blown acc. The leisure thing about demo is, he can revert-back the capital to $50,000 instantly. I remember in NFP session last September, when EUR is at .2500 mark, he already had several losing positions (along with other pairs). Without proper SL, he let the market went against him for about hundreds pips away. He's quite convincing by saying something like "EURO make an explosive push without noticable retracement". He expect market to come in his favor soon by saying "EURO will go to 3000 before Goldman Sachs and other big players went short". The next Monday I check how he's doing with such strategy, and find what? He's already back at $50,000, without a single open position! Edited October 3, 2012 by ivonivon Quote
iqofgenius Posted October 3, 2012 Author Report Posted October 3, 2012 I have bought the system and if someone, like Freddy, could tell me how to get my name off of it as it comes up on the charts when you load it, I would be willing to share it. indo37, Phepi, freddy and 3 others 6 Quote
mtuppers Posted October 3, 2012 Report Posted October 3, 2012 I have bought the system and if someone, like Freddy, could tell me how to get my name off of it as it comes up on the charts when you load it, I would be willing to share it. need decomplie file first. Quote
freddy Posted October 3, 2012 Report Posted October 3, 2012 I have bought the system and if someone, like Freddy, could tell me how to get my name off of it as it comes up on the charts when you load it, I would be willing to share it. You got a PM Quote
iqofgenius Posted October 3, 2012 Author Report Posted October 3, 2012 Ian, I bought it simply to try it out and see if it is as great as advertised. I did some cursory analysis of the info given in the sales propaganda and am trying it out on various platforms. The start basis time of it is really screwed up as it ONLY works as advertised on FXDD and other platforms with the same GMT offset. It bases it's calculations of 0:00 and assumes that is 1700 EST. If it isn't, you are screwed because there is no way to adjust anything on the indicator other than font size and colors. That being said it has not produced results any better than a coin flip. Stop losses exceed TP levels in most cases which is not all bad but most trades don't enter for hours after placed as buystops and sellstops. If you want profit level 2 you almost have to monitor. I can make my $300 back quickly, but not with this system at the present time. Quote
iqofgenius Posted October 4, 2012 Author Report Posted October 4, 2012 Finished a night of horror listening to a DOTS seminar live. 8 trades were placed, 1 long and 1 short on each of 4 pairs, EU, GU, AU, UCHF. As of this writing EU +26 GU +18, AU -44, UCHF +11. First winning trades on EU in 3 days. Form your own opinion but it seems like a lot of work for 11 pips in 10 1/2 hours. Of course, I could be wrong. ForexMike and ⭐ dukeaugustus 2 Quote
ivonivon Posted October 4, 2012 Report Posted October 4, 2012 Dean said he'll rise the price of DOTS soon, because current price is too low for a system that's similar to those used in wall street. Quote
iqofgenius Posted October 4, 2012 Author Report Posted October 4, 2012 If Wall Street is using this or something similar then they are in deep doo-doo. Dean placed 8 trades last night for a cumulative net loss. casey12 1 Quote
iqofgenius Posted October 7, 2012 Author Report Posted October 7, 2012 Six trades placed at 1700 EST on EU, EJ, EA, GU, $CAD, $CHF for a cumulative loss of 48 pips. Please, my friends, DO NOT put this thing on a live account. I will not share it because I do not want to be responsible for someone losing money. Oh, almost forgot. Those trades were on Dean's broker. On my broker,who uses a different GMT offset, the cumulative loss was only 10 pips. Quote
fxtrolly Posted October 9, 2012 Report Posted October 9, 2012 (edited) My apology. Post deleted Edited October 10, 2012 by fxtrolly Quote
ForexMike Posted October 9, 2012 Report Posted October 9, 2012 Huh??????? I'm confused too, what does this have to do with the dots system? Quote
dannydon786 Posted November 16, 2012 Report Posted November 16, 2012 Guys I always listen to Dean's commentary in his live forex room....I NEVER do any of his trades....and I am suprised that people keep on posting that they made 100 pips...one guy posted made 300 pips last night using DOTS....I posted a post stating that we need to see your trades and Dean comes in and becomes defensive ....I am thinking why do people have to bullshit to such an extend?????? Quote
dannydon786 Posted November 20, 2012 Report Posted November 20, 2012 Several people in Deans live forum room keep on claiming that DOTS is making them hundreds of pips.....am curious as to how the indicators gets the levels????? Quote
dannydon786 Posted November 22, 2012 Report Posted November 22, 2012 Ian...... looking at your picture..it seems DOTS is a good system????? Quote
dannydon786 Posted November 24, 2012 Report Posted November 24, 2012 Iqofgenius can you share the indicator so that we can also test it........there have been several claims in Dean's live trading room that DOTS is making hundreds of pips????? If Wall Street is using this or something similar then they are in deep doo-doo. Dean placed 8 trades last night for a cumulative net loss. Quote
iqofgenius Posted January 12, 2013 Author Report Posted January 12, 2013 Is anyone still using this thing or interested in getting it? Quote
iqofgenius Posted January 13, 2013 Author Report Posted January 13, 2013 I guess no one is using this anymore. I have V.2 so I am going to test it on a live account on 5 pairs with an alternate thrown in. GA, GJ, EJ, EA, EU, and GU if necessary. Trading .2 lots on each at US open using TP2 as target on each. I will not post a copy of my terminal stats for obvious reasons as this is live but will give you an honest report on Friday. Quote
iqofgenius Posted January 14, 2013 Author Report Posted January 14, 2013 Placed 5 trades this morning at NY open which last week on backtest proved very profitable. All five were losers and cost me 1% of my trading account. Think I shall cancel the rest of the week.. Quote
bedrockbrett Posted January 16, 2013 Report Posted January 16, 2013 Placed 5 trades this morning at NY open which last week on backtest proved very profitable. All five were losers and cost me 1% of my trading account. Think I shall cancel the rest of the week.. Ouch! This was D.O.T.S? Quote
iqofgenius Posted January 16, 2013 Author Report Posted January 16, 2013 Ouch! This was D.O.T.S? Ja Wohl !!! Quote
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