TP = SL diskuse

If he had shown broker you would say he is promoting broker. Is it not clear to you people he does not want you to copy his system. He does not want to sell EA or manage accounts, he just want to show that some people can really make it big in Forex

Well, if that so, then he can become incredible wealth, not only trading forex, but working for a fund, for instance. Of course, if could keep the consistency!

Broker appears to be GMT -4 if that's of any use to anyone trying to figure out the broker.

wow, wenn das ein echter account ist, hut ab!! ich hätte nie gedacht dass ein EA so funktionieren kann.

wow, if thats a real account, hats off! i never thought an ea would be able to do smth like this.
if its dynamic sl/tp he maybe uses ATR or some MA, seems like he is scalping the sh** out of the markets :)

Hallo,

Ja schon, natürlich. Ich habe mich über 15 Jahre mit dieser Thematik beschäftigt, jetzt ist der Durchbruch gelungen wie es scheint. Leider geht so etwas nicht ewig, da die meisten Broker das nicht mitmachen. Scheint ja ganz schön Furore zu machen, mein EA. Mir war nur ein wenig langweilig und ehrlich gesagt möchte ich den Erfolg genießen! Aber ich habe keine große Lust, allen zu antworten hier.

Gruß,

Franz

Kann ich absolut verstehen, die meisten glauben nach jahrelangem programmieren garnicht mehr daran. hab ich schon nach 3 jahren nicht mehr.. desshalb hab ich mich jetz aufs manuelle traden 'gestürzt'. wahrscheinlich weißt du von der möglichkeit mt4 EAs über eine bridge bei dukascopy laufen zu lassen, ich weiß auch nicht wie lange die so eine performance 'tollerieren' aber da man nicht direkt gegen den broker traded sondern in einem ECN sollte das länger möglich sein.

 ich wünsche dir von herzen alles gute, und du bist wirkliche eine inspiration und der lebende beweis dass sich das vielleicht irgendwann mal alles auszahlt! danke dass du diesen account hier zeigst!

viele grüße
tobias

Ist dieser ea ein wie der fxgenius ea oder irgendwie verbunden? Ich frage mich...

stevetrade posted:
    Is this an arbitrage EA? It looks like one.

I have to agree with this. I also have my doubts we're dealing with the new Dominic's identity. I've followed some trades and it's real, trades are currently being executed BUT... if the broker is Exness, Prime4x or GCG I will be pretty sure there's something wrong. The more I'm watching the trades the more I'm getting convinced this is arbitrage.

Unfortunately, I am with Solar on this. (I could have wrote this on chinese, but dont have my translator around)

guys, it seems to me you just want to beat down anything which could be a profitable system. why? if you dont believe such things are possible why are you trading then??? thats the sh.. we do it for right? i dont back up this system at all, but it has taken some really crazy steps with you guys questioning all. i understand critisicm is good cause forex market is full of crooks, but this guy isnt selling anything, and doesnt offer managed accounts.
what he basically said in his last post was that he is programming for 15 years, and he thinks he got onto something, and he knows no broker will allow this trading for a long time.

if it would be an ea from dominic he would be selling it already, right?
again: i am not backin up this system nor the creator, just questioning why you try to argue everything down. if you are so pessimistic that money can be made off of forex, why you still are here and why do you still trade??? now... take a deep breath and reread the last sentences. and dont attack me now! i am very critic about any system even my own, but if he is selling nothin, nor trying to get clients, why bash him?

averagejoe posted:
    Unfortunately, I am with Solar on this. (I could have wrote this on chinese, but dont have my translator around)

Nice joke.

I'm pretty sure the truth will come out sooner or later. The fact that I doubt this is Dominic doesn't mean he's. Franz could be really Franz and this EA could really be some really really good private EA. Now we wait.

to_ul posted:
    guys, it seems to me you just want to beat down anything which could be a profitable system. why? if you dont believe such things are possible why are you trading then??? thats the sh.. we do it for right? i dont back up this system at all, but it has taken some really crazy steps with you guys questioning all. i understand critisicm is good cause forex market is full of crooks, but this guy isnt selling anything, and doesnt offer managed accounts.
what he basically said in his last post was that he is programming for 15 years, and he thinks he got onto something, and he knows no broker will allow this trading for a long time.

if it would be an ea from dominic he would be selling it already, right?
again: i am not backin up this system nor the creator, just questioning why you try to argue everything down. if you are so pessimistic that money can be made off of forex, why you still are here and why do you still trade??? now... take a deep breath and reread the last sentences. and dont attack me now! i am very critic about any system even my own, but when he is selling nothin, nor trying to get clients, why bash him?

So this partially answers my question.
THERE ARE BROKERS WHICH ALLOW ANY TYPE OF TRADING.
When I hear this sentence: '...he knows no broker will allow this trading for a long time...' I think there's 95% probability it's all about arbitrage. Arbitrage requires slow broker(cow) which is usually MM/bucket shop and that's why 'he knows no broker will allow this trading for a long time'. Of course a MM/bucket shop won't allow this type of trading because it's in fact stealing from their pocket. My broker allows any type of trading, I REALLY MEAN ANY TYPE but it's a fast non filtered price feed broker and arbitrage won't work there.

And nobody is bashing anybody, this is just an open discussion. Sharing doubts and opinions has nothing to do with bashing. If somebody doesn't want discussions about his system he can make it private, that's all.

thats exactly again what i meant.

i dont know of any broker which is happy about such profitable traders. ecn maybe? i dont know really, could be?! however there is always a counterside to any trade, and in our position as retail traders, i dont believe anyone would be happy taking us money from them.
sure you could be right with your point about arbitrage, i know exactly what it is. but i really think guys are playing too much fx police :/
do you even think there are traders which make such an amount of money?

it was no offense to you really, i got your point, but you should be able to get my point, right? is there any system you think is the real deal?

to_ul posted:
....it was no offense to you really, i got your point, but you should be able to get my point, right? is there any system you think is the real deal?

Yes, there are few decent which are not arbitrage for sure:
https://www.myfxbook.com/members/ReeM5/leprechaun-max-risk/43038
https://www.myfxbook.com/members/kilop/my-fx-2/45579
https://www.myfxbook.com/members/Jazz1964/solidea/47982

I wouldn' call them 'the real deal' but they're pretty good.

Broker = 4 Digit Decimal and or Fixed Spreads. It could be a lot of different brokers from NordFx - Tadawfulfx but either way, he is withdrawing profit and that is all that matters.

Why not use ECN? Maybe the spread volatility affects the performance. Using a fixed spread broker sometimes has an advantage during market open/close and news releases. Considering that some trades are 40+ pips within a few minutes indicates trading at volatile moments is realistic for this EA. Also, think about the Broker Rebates on 2000+ Scalping Positions ;-)

Overall, Thumbs up! Seeing a profitable EA that has worked for a few months at this degree is exciting. Most importantly, its not martingale and uses a Stoploss. Truly a genius preparing for his retirement, whether its 10 cents a pip or $10.

If this system works like this on a 4-digit broker, he can also 'copy' it to any other broker, ECN, STP, NDD, etc.
For a few second scalping copying is not possible, but for 2-10 minutes, it should work.

Franz, do you need any help with such a 'copy machine'? I have one and can give you for free just let me know. But since you are great programmer I guess you have one, asking just in case.

I really wish you good luck. Your system is inspiring. I wish I knew how it works.

5thElement posted:
... he can also 'copy' it to any other broker, ECN, STP, NDD, etc.
For a few second scalping copying is not possible, but for 2-10 minutes, it should work.....

Actually if it's some kind of arbitrage EA it won't work because usually ECN, STP, NDD are fast feed brokers and ain't good for 'cow'. It's not about holding time, it's about price difference and price lag.

If you consider all ECN, STP, NDD are the bulls and all MM/bucket shops(the ones you need for arbitrage EAs) are the cows, you cannot milk a bull but if you try to milk a bull you'll end up with something stickier that has the same color as milk but it's different.😁😁😁

I think I know how this system is working. Sucks to be this guy's broker eh.

EDIT: Here's a step by step guide on how this system works for those interested.
Step 1: Take the money.
Step 2: Run.

pipinvestment1 posted:
    Broker = 4 Digit Decimal and or Fixed Spreads.
 
Why not use ECN? Maybe the spread volatility affects the performance. Using a fixed spread broker sometimes has an advantage during market open/close and news releases. Considering that some trades are 40+ pips within a few minutes indicates trading at volatile moments is realistic for this EA. Also, think about the Broker Rebates on 2000+ Scalping Positions
(snipped)

The broker is 5 digit, and it could be variable or fixed, I don't know.

EA, uses Trail Stop to close out most trades. That is why you see variable pip profit values. Sometimes TP has been set and hit on trades.

This live account in my opinion would not be under no IB linked account, especially when arbitrage scalping.

I would not be surprised if this actual trading is done on a well known broker. There is no rule that says Arb scalping cannot work on STP/ECN Broker. Some so called STP/ECN brokers have actual lag in their data feed, so nothing is impossible. There is always 1 ECN broker that would be faster than another.