Forex Minute Trader (By MinuteTrader)

The user has deleted this system.

Forex Minute Trader Discussion

Sep 18, 2012 at 04:42
3,589 Views
33 Replies
Member Since Aug 20, 2011   588 posts
Sep 28, 2012 at 01:27
what's this pricing model????
189$ per year + 49$ per month????
what's this???
and limited to 1lot only.
ridiculous.
why its not 49$ per month only or 189$ per year only or 64.75$ per month (the year + monthly fees all in one)

the other pricing option is not better... 189$ 1 time, but we have to select a specific broker and you'll get the rebates.
so at the end, you are guarantee to win 1 pip or more per trade, while there is no guarantee of profit for us...
when the expectancy is only 2.7pips I expect some rebates to increase the profit. but you'll got them, not me.

no, you have to improve your pricing model and remove the 1 lot limitation.
(a cents account has to be able to open 10 lots or more to be profitable...)
Member Since Sep 16, 2011   4 posts
Sep 28, 2012 at 08:58
Sorry what a scam again.. The Backtest results with Quality of 99 % in a 1 Min chart is not possible..here we see the scam in your backtest results...in a 1 min chart we have a maximum quality of 25 %.....But new traders dont know this and the want to buy a dream!!!!
Member Since Jan 05, 2011   51 posts
Sep 28, 2012 at 09:17
Mafd2011 posted:
Sorry what a scam again.. The Backtest results with Quality of 99 % in a 1 Min chart is not possible..here we see the scam in your backtest results...in a 1 min chart we have a maximum quality of 25 %.....But new traders dont know this and the want to buy a dream!!!!
Its very much possible, see this website for how to do it. https://eareview.net/tick-data
Member Since Jan 31, 2012   168 posts
Sep 28, 2012 at 09:38 (edited Sep 28, 2012 at 09:38)
Mafd2011 posted:
Sorry what a scam again.. The Backtest results with Quality of 99 % in a 1 Min chart is not possible..here we see the scam in your backtest results...in a 1 min chart we have a maximum quality of 25 %.....But new traders dont know this and the want to buy a dream!!!!

if you get a 25% back-test quality, then I feel sorry for you. Please learn the subject.
The maximum quality you can get with history data provided by MetaQuotes is 90%. With tick data it will be 99%.
Member Since Sep 16, 2011   4 posts
Sep 28, 2012 at 11:51
@Murray......Yes at 5min ,15 min,,30 min 1H 4 H and Daily it is possible to have a quality of 99 %....But not on a 1 min chart.
Make a Backtest with a Ea on a 1 MIN Chart and you will see only 25 % Quality....Iam a C++ and Mql4 and Mql5 programmer and i know what is possible and what not....
Member Since Sep 16, 2011   4 posts
Sep 28, 2012 at 11:53
@Moreno Rodrigez ... I only talk about the 1 Min chart.. Not other timeframes... Other timeframes is no problem to have 99%....But not on a 1 Min chart.. when you can make a backtest with more than 25 % quality in a 1 Min chart you are great 😄 Make a Backtest with your tick data in a 1 min chart and you will see how much is the quality !!!!
Member Since Jan 05, 2011   51 posts
Sep 28, 2012 at 11:56
Seriously, go to the website i suggested, learn how to do it and then you will know it IS possible. The data is dukascopy TICK by TICK real variable spread data, and gives modelling quality 99% on ANY timeframe. I have done it many times
Member Since Aug 20, 2011   588 posts
Sep 28, 2012 at 12:05
Mafd2011 posted:
@Murray......Yes at 5min ,15 min,,30 min 1H 4 H and Daily it is possible to have a quality of 99 %....But not on a 1 min chart.
Make a Backtest with a Ea on a 1 MIN Chart and you will see only 25 % Quality....Iam a C++ and Mql4 and Mql5 programmer and i know what is possible and what not....
its not a coding issue, its a data history issue.
Birt create a tool to download tick data and put this as the history for back testing instead of the default MT4 history.
and so you can test with 99% of quality no matter the EA...
take a look at the site, check the EA back tested, you'll see all the back tests with 99% of quality, and with different spread sometimes...
Member Since Oct 01, 2012   1 posts
Oct 02, 2012 at 22:07
has anyone tried it?
Member Since Jul 15, 2011   131 posts
Oct 03, 2012 at 01:32
Mafd2011 posted:
@Murray......Yes at 5min ,15 min,,30 min 1H 4 H and Daily it is possible to have a quality of 99 %....But not on a 1 min chart.
Make a Backtest with a Ea on a 1 MIN Chart and you will see only 25 % Quality....Iam a C++ and Mql4 and Mql5 programmer and i know what is possible and what not....

You may be a programmer, but you dont have a clue what is doable on mt4..🙄
Member Since Apr 07, 2011   4 posts
Oct 03, 2012 at 12:45
The problem are the many duration trades of 0 sec (zero seconds)...

not possible in the real forex. Gains of 40$ in 0 sec. are a big illusion.

it's a scam??? I think yes.
Member Since Aug 20, 2011   588 posts
Oct 03, 2012 at 13:18
yes, its possible that the market moves a lot and produces 10 or 20pips in less than 1 sec.
your broker as to support trading during news events and you have to use a fast VPS with very low latency. which is possible to have easily today.
For example, there is VPS providers directly connected on the broker's servers, the latency is less than 1millisecond.
a good broker can accept your order in less than 100ms
so in 1 second you are able to open and close a trade.

now... this EA is recommended on few brokers only, only the fastest ones. on any other broker, it will be a big risk.
if your broker suddenly slow down your execution speed, you can suffers big losses.
 
Member Since Jan 23, 2012   53 posts
Oct 03, 2012 at 19:01
I don't know why it shows 0 seconds but it is in seconds but not 0.. It s under 1 minute and maybe the history can only show trades higher then 1 minute.
Member Since May 24, 2010   371 posts
Oct 07, 2012 at 12:10
Member Since Nov 23, 2011   34 posts
Oct 07, 2012 at 18:47
They are the same.... However the difference is now they are not giving out as many licenses as it was when it was nmi. Also in order to get a good pricing on the EA you need to sign up with one of their IB's. This time around also the've partnered up with MDP's creator William Morrison since their strategy is based and/or influenced off of his MDP format....

Hope this helps anyone...
#BaseHits Lead to Runs!!!
Member Since Aug 20, 2011   588 posts
Oct 16, 2012 at 23:23
well not sure what is the price feed used by myfxbook and not sure the price feed used by the EA...
but... I'm not able to see any price jump of 18pips at 22minute of any hour in the last day.

but... in a demo account, some brokers delays the signal by few minutes. with this, I can see a price jump of 18 pips around 10h00 (not 10h22)
we have to open a demo account with the same broker and server to see the price feed at this particular point in time first...
Member Since Jul 15, 2011   131 posts
Oct 17, 2012 at 02:22
fxprofit2 posted:
see pics no one buy his ea from him ,its big scam here, their is no price also no spike near their ,how u get 18-20 pips,

I read your posts where you said 'I-am-best' trader a idiot ,but what you are SCAMMER and selling scam ea in fx markets.


LOL.. the WOW EA guy is back under new name, signed in 4 hours ago... 3rd alias already LOL
Member Since Aug 20, 2011   588 posts
Oct 17, 2012 at 02:26
what about this one guys:
https://www.myfxbook.com/members/wind1/wind/401914
:)
another fxch...
ForexScam
forex_trader_32776
Member Since Mar 28, 2011   1008 posts
Oct 17, 2012 at 05:41
profix posted:
fxprofit2 posted:
see pics no one buy his ea from him ,its big scam here, their is no price also no spike near their ,how u get 18-20 pips,

I read your posts where you said 'I-am-best' trader a idiot ,but what you are SCAMMER and selling scam ea in fx markets.


LOL.. the WOW EA guy is back under new name, signed in 4 hours ago... 3rd alias already LOL

he starts discussions with himself to hype up his EA =) funny stuff
NewMillenniumInc
forex_trader_2825
Member Since Nov 09, 2009   131 posts
Oct 17, 2012 at 09:09
Thanks again, Trick or Treat

Appreciated.

This I_AM_BEST guy just does not give up.......I know for fact he doesnt develope EA's, or he'd have better things to do with his time than rubbishing others.

https://www.myfxbook.com/community/general/scammers-block-me--scam/237730,4

Please.....do everyone a favour I_AM_BEST.....and crawl back down into the sewer with your mates and chew on some rat-sak.

Cheers, Adam :)
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