Forex Gold Trader (by pimpmyea) Quick Stats
Gain: -99.56%
Drawdown: 99.91%
Pips: -2249.0
Trades: 538
Won:
Lost:
Type: Demo
Leverage: 1:400
Trading: Automated

Full Report

User's Page

Message

Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Forex Gold Trader Discussion
ForexScam

Member Since Mar 28, 2011  666 posts Trick or Treat (ForexScam) Sep 23 2011 at 18:09
Ouch. Completely Blown out as gold tumbles

just do it!
forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Sep 23 2011 at 19:36 (edited Sep 23 2011 at 19:37 )
Yeah, that scammer Faiz chose a proper moment to delete all his systems, otherwise now he would've been speechless.

One more beauty here:
http://www.myfxbook.com/members/birt/forex-gold-trader/146392

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
NextLevelForex

Member Since Apr 25, 2011  206 posts Remus Miclea (NextLevelForex) Sep 24 2011 at 03:22 (edited Sep 24 2011 at 03:22 )
In all fairness, both guys (Andrea from PimpMyEA and Birt from EAreview) said the EA is likely not to survive a strong pullback, and people should run it only with much smaller lot sizes than recommended, if they decide to actually run it live.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
ForexScam

Member Since Mar 28, 2011  666 posts Trick or Treat (ForexScam) Sep 24 2011 at 07:14
Even with a 0.01 lot(smallest Lot size possible without going into a cent account) on a 20K account has proven to fail on a significant pullback.

http://www.myfxbook.com/members/ForexScam/yulianto-setiorahardjo-forexgoldtrader-scam/111810



And their recent account was a Cent account at Instaforex which actually just collapsed on the gold $1620 Dip.

The developer recommended 0.01 lot for a $1000 account.

Sure you can adjust the Grid, but then you'd be floating a huge loss anyways and Still waiting for months if ever for a recovery.


just do it!
NextLevelForex

Member Since Apr 25, 2011  206 posts Remus Miclea (NextLevelForex) Sep 24 2011 at 15:40 (edited Sep 24 2011 at 15:40 )
Sure, it's a failing strategy for any significant drop like we had this last week. All I tried to say is that the 2 accounts shown at the beginning of this thread are from people that are not endorsing or even fans of this EA.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Please login to comment.
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Features About FAQ
Forex Broker Spreads Systems Expert Advisors API Blog Help
Streaming Forex News Strategies Signal Providers Translations Twitter Contact Us
Community Outlook Contests VPS Services Mobile Facebook Report A Bug!
Widgets EA Programming        
RSS          

Site Map  |   Terms & Conditions  |   Privacy Policy
©2011 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
*GFT is a sponsor of myfxbook.com for advertisement purposes only. GFT does not endorse any other products, services, or companies represented on myfxbook.com. The views of myfxbook.com and all other parties contained therein are not necessarily those of GFT, and GFT makes no warranty as to the accuracy of information provided.