We are developer of MetaiM5eurusd. About the events that MetaiM5eurusd reference MDP’s code that everyone are concerning and discussing, Metai make the following comments :
1. Metai think that the developer of MDP steal our concept in Mt forex robot: The price of non-unidirectional operation principle. The time that Metai started using this principle in EA is much earlier than MDP use it. You can see it on our website: www.mtfxrobot.com
. In 2008, Metai began to have this ideas and research it, Ultimately, achieved good results in August 2010. According to this concept, Metai developed a EA that be used on foreign exchange trading, and began selling the EA: Mt forex robot; But MDP appears on the market from May 2011, and MDP used our philosophy in his later transactions principle. Metai believe that MDP stole our idea.
2. Metai think that MDP used our trading principle is normal in the beginning, because Metai always think that knowledge can be shared and exchanged between each other. According to the words of MDP: the man who made a four-wheel car in first, if he doesn’t applyed for a patent, if he also does not allow others to manufacture four-wheeled car. MDP attacked us firstly, Metai are forced to do so. Metai also found that a lot of developers used our trading philosophy in their EA, Metai will not blame them and investigate their responsibility, Metai believe that knowledge can be shared.
3. The purpose that Metai study EA is not to make a profit through sale EA, but in order to find a tool to beat the market for the majority traders, so that they can earn profit from the market through used our EA, and not for the matter of idea or concept, to bite and severely beat some people.
4. Metai inadvertently see the MDP code on a website, Metai conducted a careful study and learn from some of its trading philosophy. But in EA MetaiM5eurusd, Metai added our own new ideas, making it more powerful than MDP in real money account. Maybe a lot of people have bought MDP, but until now, how much profit that MDP have created help you. Metai estimate that it is pretty good that MDP didn’t bring loss to you. MDP only can achieve better trading results on demo account, it can not creat prifit on live money account. This disadvantege is closely related to its timeframe of transaction and its parameter setting inside the EA, these are conflict with some common phenomenons of foreign exchange market, such as spreads, slippage, requote. Maybe everyone who done a few years of forex know that it is impossible to win profits use scalping trading strategy on one minute timeframe. But MetaiM5eurusd have overcomed these negative factors, we added a new concept of money management, and run the EA on 5 minutes timeframe, thus making MetaiM5eurusd more powerful than MDP on live money account.
5. Metai will launch two new EA soon that run on 15 minutes timeframe and 1 hour timeframe. They have created good trading results in our testing account now. The principle that they used is the price of non-unidirectional operation principle, and the trading strategy is not scalping, the profit and stop loss is relatively big, so to do like this overcomed some disadvantages of the scalping trading strategy. Metai believe that this new EA be able to create extraordinary profits for the majority traders, not just get a good performance on demo account. The purpose that we study EA is make the majority traders earn profit from the market through use our EA. Please wait and see. These two EAs will be free provided to our old customers for upgrade.
6. Metai believe that FPA has shielded our two EAs MetaiM5eurusd and Mt forex the robot is not justified. Because these two EAs is completely different. Mt forex the robot does not get into any trouble, and should not be shielded.
Fair mind, Metai believe that people's eyes are sharp. Metai believe that the majority traders will give us an impartial judgement.
Thank you everyone
Metai Forex Robot Developing Team