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4xGreed Discussion
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Member Since Oct 28, 2009 78 posts
pipdetector
Mar 12 2010 at 15:38
Indeed there is something strange in 4xGreed thing. First of all, this is not a typical EA, it is not just some algorithm, but a bit of technical solution. I decided to have a look at the trial version, I installed the 'solution' and... it seems that one of the accounts that shows in the trading terminal is... Dominic Millan's. It would be preposterous if independent developers inserted Dominic Millan's demo account number in the terminal. I guess they simply could not get rid of it as they are not good enough hackers.
I wonder why Dominic Millan has not started the legal action, if the hack is so blatant. |
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Member Since Oct 28, 2009 78 posts
pipdetector
Mar 18 2010 at 09:31
(edited Mar 18 2010 at 09:31 )
Check this out:
This is just another FXGenius--crazy great results--but only in demo using brokers that are more criminal organizations than brokers. Even the account that you log onto in MT4 is a demo--They don't show live account results in the ads because it doesn't work live. Just the same stupid setup where you have 2 brokers --1 delayed behind the other --you use the faster feed as a 'guide' to create a path for the other to follow and trade.. you need to have a 1 pip spread or so ,, but in real life, the brokers used in the demos --on live accounts--are the most notorious bucket shops in the world--and live trading will never work.. http://www.forexpeacearmy.com/public/review/4xgreed.com |
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Member Since Mar 07, 2010 222 posts
duzyfx
Apr 21 2010 at 23:12
pipdetector posted: Indeed there is something strange in 4xGreed thing. First of all, this is not a typical EA, it is not just some algorithm, but a bit of technical solution. I decided to have a look at the trial version, I installed the 'solution' and... it seems that one of the accounts that shows in the trading terminal is... Dominic Millan's. It would be preposterous if independent developers inserted Dominic Millan's demo account number in the terminal. I guess they simply could not get rid of it as they are not good enough hackers. I wonder why Dominic Millan has not started the legal action, if the hack is so blatant. is it true that it checks the prices of two brokers and tries to do lag trading ? do you have to install one EA on one MT4 and the other on the other MT4 and they communicate the laged prices to each other ? |
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Member Since Oct 28, 2009 78 posts
pipdetector
Apr 22 2010 at 00:03
This works quite well with demo accounts only. As soon as you start using real accounts the results are hardly impressive. As far as I see this is another way to get your money for demo optimised 'solutions'.
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Member Since Dec 29, 2009 7 posts
ruht03
Sep 07 2010 at 10:12
I have spent US$2000 for Dominic SuperFxRobot. Its just an expensive toy. Only work in demo account and not in live account. He is the biggest scammer in the forex EA /Robot industry. Selling something so expensive knowing that it will not work for any one. Stay away from SuperFxRobot, GeniusFX, irobot etc......all the same toys
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Member Since Oct 28, 2009 78 posts
pipdetector
Sep 07 2010 at 12:04
ruht03,
There was something fishy in it the first I checked the 'superrobot'. The funny thing is that 4xGreed seems to be a 'pirated' version of the 'EA'. The fact that SuperFxRobot was a scam was the reason why Dominic did not take any legal action against the other guys. I am glad that I have lost only 65 USD buying a 30 days trial on 4xGreed... |
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Member Since Oct 28, 2009 78 posts
pipdetector
Sep 07 2010 at 12:18
BTW, maybe 4xGreed was a sophisticated ploy to drive potential customers to Dominic -- additional publicity + he claims that he offers the genuine 'expert'. Hell of a cheek.
The most vexing is that with the other EA of which a lot are scams too, you can at least get the money thru ClickBank or Plimus... |
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