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MIDAS1 Discussion
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duzyfx

Member Since Mar 07, 2010  222 posts duzyfx May 14 2010 at 22:10
also why did you remove the 2 deposit doubler strategies ???

stephanusR

Member Since Aug 20, 2009  216 posts Stephanus Rensburg (stephanusR) May 21 2010 at 19:54 (edited May 21 2010 at 19:57 )
zorba_g posted:
    Somewhat odd that every day is measured in multiples of 50 pips. Also that only about 60% of the trades are verified.

A flaw in the trade verifications is being exploited see:
http://www.myfxbook.com/community/suggestion-box/fatal-flaw-track-record-verification/33132,1

Go to your MT4 terminal click on Account history, right click and select one day custom period. You can thus select which days of your real or demo accounts you wish to have uploaded. Even though your profile might say track record verified and trading privileges true, you can game the system by only selectively uploading your results for either demo or real. This would explain the impossible returns of 2000% on some of the real systems. Something which in true life isn't possible because the markets follows a random walk. This afternoon I had over 100 pips profit on Yen and oil and clicked only for today under custom dates, then uploaded. My account went to 116%. Then I clicked all history uploaded again to myfxbook and it came down to 111% gain because yesterday I had losses on the Euro. Now imagine if you were to do this everytime you had a positive trade for the day, you will wind up with over 2000% gain or whatever.

At present you can upload only specific dates, thus as a verification system of real or demo the system is broken, trade verification is done, yes, done only on those trades you would wish to have verified!

Only solution to this problem is to run a zulutrade.com and stocktwits.com account and link it with myfxbook

Another problem is you can generate thousands of EA results on a cloud computer and only upload those EA's that worked, selling the worthless system to the gullible.

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