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Clean up all the systems on this site.

Rob
IslandFX
May 16 2011 at 13:52
41 posts
I have spent the last week looking at over 100 systems / strategies only to find crap after crap. There are probably about 2-5% of traders / systems here that are worthy of the service that MyfxBook have freely given for all to use. I looked at EA's on the systems page that show great returns but when a full analysis is done they are running at a loss.....WHAT IS THE POINT!!!
There are heaps of so called money managers promoting their systems that they trade on demo accounts....WAKE UP!!!

I believe it is time to set some standards before this website is ridiculed beyond belief.
How about setting some stringent rules to identify the serious traders/ money managers and EA programmers from the crap that promotes itself on this site?

Life is full of scammers trying to take money from you by any means, I don't think this is the place it should happen.

A bit harsh but I believe needed.

Great trading to the real traders out there, the rest of you.........stop wasting everyones time with your crap

PipGnostic
TheCyclist
May 16 2011 at 15:19
724 posts
It's unfortunate how the site is used.

The real value of the site is for your personal automated stats. That alone makes it worth it. Helps me a lot. No more spread sheets....!!

Splexin
May 16 2011 at 19:57
202 posts

TheCyclist posted:
The real value of the site is for your personal automated stats. That alone makes it worth it. Helps me a lot. No more spread sheets....!!


Exactly! This is the only reason I am here.

The personal critique Myfxbook that allows you to perform on your own trading makes it worth the visit. In fact, I do not have my system public because I am not here for everyone else's praise or rebuttal. lol

Tom
ttfx
May 16 2011 at 19:58
23 posts
Rob,

you are spot on, this site is misused by scammers in big style. But I really don't understand why you're categorizing this site to serve ONLY PROMOTING PURPOSES (promotion of anything; EAs, services, etc). It's the poor believing people searching for effortless income who's responsible for the unhappy situation. Just look around the forum - you will spot numerous inquires from people actually looking for traders to manage money.. '..please, please, take my money and double 'em every month' or so. AFAIK, myfxbook never encouraged anybody to join someone's service or public offering. This site doesn't separate commercial/non-commercial interests (as ForexFactory for instance) and so this situation is a result of supply and demand. Maybe the site itself could increase its focus visibly in some anti-scam education. I personally suggested for some advanced charting options (time based equity charts w/floating P/L and leverage exposed) and was assured everything will come in time.

You'd have to EDUCATE the people not to become victims of scam. You'd have to EXPLAIN them that their GREED for effortless income is nonsensical. I'm sure that this can't be done. So what are you suggesting to do? Some kind of censorship? Some '..try to promote yourself without (at least one year tracked) real account and get banned?' rule? Yes, but will such (or similar) mesure stop the victims from falling into the trap again and again, since they seem to pull money out of their pockets just as they spot gazillion %gains everywhere??

I'm playing a funny game with a zero-deposit-welcome-bonus-cent account since a week. I have the stats for myself and a couple of friends outside the site. It has little in common with real trading. I don't have (and will never have) ANY SLIGHTEST commercial interests, if someone would contact me to manage his money, I'd shout at him 'run away man! are u crazy??'.

But should I delete the account because it's crap (yeah, I don't say it isn't lol) showing 300% gain after one week? Is it immoral? Am I wasting anyone's time with it? Shouldn't we prohibit contests? They are total crap. Shouldn't everybody who's ROI is above 2% a month be banned automatically??

I don't think so. But I welcome any constructive suggestions because the evident scammers make me sick, too ;-)

Edit: received a PM '..we want you as money manager' half an hour ago.. LoL :-D No, thanks :-D

zzzero
May 16 2011 at 20:00
1367 posts
THERE IS A COMBINED SIXTY EIGHT MILLION DOLLARS WORTH OF ACCOUNTS TRADED HERE AT MYFXBOOK.

YOU HAVE STATS GALORE WITH WHICH YOU CAN USE TO ANALYZE SAID ACCOUNTS.

YES, USELESS, I AGREE.

WHOLE HEARTEDLY.

U WANKERS.

[COOL]



speki
May 16 2011 at 21:12
735 posts
Guys, there are already a few suggestions in the suggestion box regarding systems, verifications, cleanup etc. Why not add these ideas there?
Websites always want more and more visitors and registered users. They want traffic. As long as traffic grows faster than the Chinese GDP, why would anyone change anything here?

What is myfxbook? My browser says: 'Automated analytical tool for your forex trading account | Social forex community'
YEAH!

You see a scammer? Post your thoughts, preferably with some evidence. A fool and his money are soon parted - here or on the streets, shit happens every day ...

You think someone's dreaming and their trading is crap? Sez who? Yeah I agree, wankers constitute a large proportion but don't forget that even the best 'cocksmith' started as a pathetic wanker ... as long as they're not advertising their (real or perceived) trading skills, we can just let them be, can't we? 😄


Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
uda7805 (uda7805)
May 16 2011 at 22:26
103 posts

speki posted:
    Guys, there are already a few suggestions in the suggestion box regarding systems, verifications, cleanup etc. Why not add these ideas there?
Websites always want more and more visitors and registered users. They want traffic. As long as traffic grows faster than the Chinese GDP, why would anyone change anything here?

What is myfxbook? My browser says: 'Automated analytical tool for your forex trading account | Social forex community'
YEAH!

You see a scammer? Post your thoughts, preferably with some evidence. A fool and his money are soon parted - here or on the streets, shit happens every day ...

You think someone's dreaming and their trading is crap? Sez who? Yeah I agree, wankers constitute a large proportion but don't forget that even the best 'cocksmith' started as a pathetic wanker ... as long as they're not advertising their (real or perceived) trading skills, we can just let them be, can't we? 😄




agreed.
i'm not promoting my fx. use myfx to analyze result. I can't access my VPS all the time due to some restrictions, but to access myfxbook is not a problem. even I can't change or close the trade, but at least I know the status of my accounts.

Hantam la labuuu. Harap rezeki kat FX nih...
Alicefx (Alicefx)
May 18 2011 at 04:14
32 posts
above all myfxbook still a greatest live stat :). it help me alot to analyze my own trading, lot help feature which i never knew before :). reason for public share are to received more critique, the more it is the better will be. building own system should be easier when we always evaluate realtime, and myfxbook help me to do this soon. besides this site are community based one, discuss to make a closer step of secure and reasonable trading result, while there also many system shared comes up as insult to another :).

what can't be seen cannot be defeated.
zzzero
May 21 2011 at 05:35
1367 posts
uda7805 posted: i'm not promoting my fx.


if all of you that say that you are not promoting were truly not promoting...

then why are your accounts public instead of private?

dink.




Tom
ttfx
May 21 2011 at 06:07
23 posts
zzzero posted:
if all of you that say that you are not promoting were truly not promoting...

then why are your accounts public instead of private?

dink.

hi edward,
me because of few friends (not on MFB) looking if i managed to blow the acc already or still alive.. but i have a disclaimer in 'general' tab for crazy ppl (already PM'd me to manage their money LOL)

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