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FX Robot (by DominicMillan)

The user has deleted this system.
Steve B (stevetrade)
May 26 2010 at 21:45
1408 posts
Didn't realise you could lose all the discussion history from a robot by deleting it and then adding it again.

That's a nice trick to use to remove any comments that you might not want other people to read.



11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Steve B (stevetrade)
May 26 2010 at 21:52
1408 posts
So, here's a brief synopsis of Dominic's robot.

1) He claims the broker is Alpari - however we have seen open trades with four digits. I have screen prints of this. Alpari is a five digit broker.

2) Several people have bought Dominic's robot and cannot get it to work with live accounts.

3) The account belonging to NYDUDE and this one where created with MyFxBook account numbers within one or two digits of each other. Coincidence?

4) NYDudes account was deleted and then reinstated. Again after some rather inflammatory comments within it. Originally NyDude claimed he was using Alpari. I also have screen prints of NyDude with open four digit trades. He now claims it's FXDD and Forex.com.

Anyone else remember anything else that was on the discussion? Can't have an unfair representation of things to the public now can we?

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
duzyfx
May 27 2010 at 04:49
257 posts
no, he just deleted the other one and created a new system with the same name ...
however here's the old system with all the comments:

https://www.myfxbook.com/community/trading-systems/fx-robot/25681,1

must have been bad for business ...
also this account shows judge withdrawals ... as opposed to the other one ... that the withdrawals magically disappeared ...

Steve B (stevetrade)
May 27 2010 at 06:57
1408 posts
Well found!

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Damon (Damon)
May 28 2010 at 01:16
129 posts
I have this robot working on real account, makes very few trades though - 10 or 20 trades a day, it is up and down. I have made 30 pips this week while trying different Master combos... I am using an old version of this robot. I would like a new version if anyone has it, otherwise I need to code the new parameters myself...

I have talked to my brokerage about the use of it and they it is fine because they are a 'no risk' broker, a few trades are not filled but at least I am not rippping the broker off when using this robot, they make sure the liquidity provider can handle the trade instead of taking the execution and hoping they can get it with the liquidity provider. When I have this working properly I will be setting up a managed account with 3 dedicated servers running master slave combos... it uses a butt load of resources. It will be $300 hundred minimum and 20% Management fee on high water mark, any help would be greatly appreciated.

I have spoke to dominik, when I didn't immediately buy the robot he stopped responding, there is many versions of this bot on the net, he is not the first to rip this code.

Damon

1 pip pip banked is worth more than the rest out in the market.
duzyfx
May 28 2010 at 04:37
257 posts
I don't think the trade replication will work for this arbitrage / lag trading strategy ... you need a dedicated server with reserved resources (not a VPS) that's close to the broker + the EA that runs on its own ... if you add replication then it probably won't work anymore ...

Damon (Damon)
May 28 2010 at 08:27
129 posts
What do you mean 'replication'?

1 pip pip banked is worth more than the rest out in the market.
duzyfx
May 28 2010 at 08:58
257 posts
I think I could have mis-understood you ... I though you meant that one instance of MT4 would give signals to other instances ... that I meant by replication of orders

primevalea
May 29 2010 at 20:02
449 posts
Original System Discussion:
https://www.myfxbook.com/community/trading-systems/fx-robot/25681,1#?pt=2&p=4&o=25681

How this system works and why the EA 'knows' the future price:
'Works by using a kind of arbitration between two brokers, there are marked differences in the speed at which prices are updated making it possible that there are several Pips difference between them, thus know very which will certainly be the price in the next seconds (see the price of the broker (fast) and buy or sell in the slow), obviously everything should be as automatic as you have little more than 1 second to act.'

Basically this is illegal and won't work on live accounts using reputable Brokers (you will also note their hidden Broker name).

If someone has a system truly making such profits he/she would never sell it 🙄

Money makes more money $ ... $$$
Like Fx (like2fx)
May 30 2010 at 05:03
17 posts
There is nothing illegal about 'arbitrage' trading. Any hedge fund worth it's salt uses 'small margin guarranteed profit' strategies. These strategies are difficult to implement and only a few can do it profitably. With increasing popularity of high frequency trading, this trend is bound to increase.

These ideas are as old as time, but only implmentations keep changing with time & markets.

Index Arb is the biggest example, though more complicated than just spot trading. Mispricing is common in both spot, future, options market for any commodity .. and if you can use the edge .. it' s your's to keep !

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