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Leo Trader Pro (By Raymond )

The user has deleted this system.

Leo Trader Pro Discussion

speki
Dec 17 2010 at 14:59
735 posts
So it seems Leo is another product of the Scamalot team. Good - I rub my palms together - another thread for a cool clip.

This one's for Garry, don't worry, new kid, step by step you'll get into the swing of things. 😁





Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
pc8multifx (pc8multifx)
Dec 17 2010 at 15:31
879 posts
This crap is leading now my 2010 FOREX SCAM/ HOAX list....😈

SolarFX (forexma)
Dec 17 2010 at 15:57
1332 posts
pc8multifx posted:
    This crap is leading now my 2010 FOREX SCAM/ HOAX list....😈


FRWC was the biggest of 2010.

I just hope more people will read this discussion before they decide to fall into their trap.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
sparkz
Dec 17 2010 at 16:19
10 posts
Excellent work SOLAR! :)

In fact if you google this scumbag 'patrick hension' with forex you open up a whole can of worms. He's even got a porn site and 196 web sites under his name, address or email address! Doesn't look like his address exists which I suppose is to be expected.

forexma posted:
    I did some additional due diligence about https://www.leotraderpro.com/ . The whois results for owner are hidden but I found this site https://www.leotraderprobonus.com/. The whois says that the owner is Patrick Hension with e-mail: [email protected]
Then I googled [email protected] and found that the owner of this site(EA) is the same as:
https://revolutionaryfx.info/
https://forexlegend.us/
https://forexsupersonic.info/
https://forexbulletproofbonus.org/

and many more: https://whois.domaintools.com/leotraderprobonus.com

So BEWARE, the guys behind https://www.leotraderpro.com/ are professional marketers(~100% the FapTurbo team) and this product's quality will be nothing better than FapTurbo, MegaDroid or FRWC robots which ALLLLLLLL SUUUUUCK.

pc8multifx (pc8multifx)
Dec 17 2010 at 19:33
879 posts

pc8multifx posted:
    This crap is leading now my 2010 FOREX SCAM/ HOAX list....😈



'...ip address for the broker server and ip address for leotraderpro website both leads to the same place in US,Las Vegas. '
(quote from other forum)

BTW, these people contact traders with good EAs on myfxbook with the intention to 'buy' their EAs for 1000 to 2000 bucks.. I say 'buy', bc the presented contract is a full hoax as well

sparkz
Dec 17 2010 at 21:56
10 posts
It's not just in the same town, the IPs come from the same internet company - DWD Technologies LLC

I noticed their demo server (74.119.64.194) is based there too.

Is it possible that they are locating their servers in the US to get better connectivity to where most of their clients may come from? Still what are the chances that they'd use the same internet company?

Steve B (stevetrade)
Dec 19 2010 at 08:41
1409 posts

pc8multifx posted:
    
pc8multifx posted:
    This crap is leading now my 2010 FOREX SCAM/ HOAX list....😈



'...ip address for the broker server and ip address for leotraderpro website both leads to the same place in US,Las Vegas. '
(quote from other forum)

BTW, these people contact traders with good EAs on myfxbook with the intention to 'buy' their EAs for 1000 to 2000 bucks.. I say 'buy', bc the presented contract is a full hoax as well


I can confirm I have been contacted with regards to buying EA's from me for mass marketting. So they don't even do their own development. They just want an EA that backtests well for about three years and they pay $1,000 and $2,000 for it - then sell it and make thousands from it.

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.
SolarFX (forexma)
Dec 19 2010 at 08:50
1332 posts
sparkz posted:
    It's not just in the same town, the IPs come from the same internet company - DWD Technologies LLC

I noticed their demo server (74.119.64.194) is based there too.

Is it possible that they are locating their servers in the US to get better connectivity to where most of their clients may come from? Still what are the chances that they'd use the same internet company?


The chances are ~0. It's scumbag time, again.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Raymond (rayong1)
Dec 19 2010 at 09:31
126 posts
Amazing, no one would sell a decent bot so they pay peanuts for useless junk and pawn it off to the desperate masses.

Raymond (rayong1)
Dec 19 2010 at 19:52
126 posts
This is starting to smell pretty ripe. But guys, if this was giving up some BS Photoshop doctored statement and making some unbelievable, unsubstantiated claim thatwould be one thing. And we can all smell that a mile away these days.

How do we explain the Live account, the read only PW and that we can see the trades unfold live and they're making money. Granted some of the trades stay open longer than we would like but right now they've done 191 trades with only 1 having a 2.7 pip loss, rest are profitable trades. The EA has made 2991 pips since Aug 2nd, an average of 543 pips a month. That's pretty impressive by most standards.

Could it be that people are finally getting tired of the BS marketing and have stopped or slowed down buying rubbish EAs that don't work that they now have to take out the better EAs that actually work and put some real proof on the table?

pc8multifx (pc8multifx)
Dec 19 2010 at 20:00
879 posts
thats easy to be doctored when EA marketer and broker are identical....

Raymond (rayong1)
Dec 19 2010 at 20:08
126 posts
That would be the obvious reason for the results but what if we check the date and time open but use charts from say FX Pro or some other broker to verify the price movement and it checks out.

Lets assume the broker is not involved cos that would be really, really fraudulent and can be easy to verify If you simply look at the charts it would completely different from charts from another broker wouldn't it?

So if broker is not involved, is there any other explanation for the results?

PS: I just looked at the eur/usd chart and they are identical to FX Pro which means that if they opened the trades at the times they did the result would be the same on fx pro as finfx.

Raymond (rayong1)
Dec 19 2010 at 20:24
126 posts
I logged in since they released the read only PW last monday and at the time there were 2 open trades. I watched and followed as they closed those for profit. Since then followed another 3 trades and all were profitable. Just from the trades closed last week they made 76 pips. That's more than Megadroid makes in a month or 2.

The last 5 trades made between 10 and 25 pips profit each which is pretty respectable.

Raymond (rayong1)
Dec 20 2010 at 14:25
126 posts
Anyone bought it? Please provide update.

thanks

Raymond (rayong1)
Dec 20 2010 at 14:57
126 posts
Better yet. How about a live fxbook page using Leo Trader Pro?

ShaKerZ
Dec 20 2010 at 16:59
31 posts
300 SL for 15 TP, no thanks ;)
On the live account, they started with $500 and the first trade at 0.20 lots. Do you immagine the risk ??

moritzm
Dec 20 2010 at 18:48
1 posts
It's a trade replicator.If you look inside the .ex4 you can find:

'LeoTraderPro was unable to contact the replication server - this may be due to various reasons. ...
LeoTraderPro is a trade replicator and *CANNOT* be used in the Strategy Tester'

John Sarantitis (kavaron)
Dec 20 2010 at 19:48
12 posts
This bot is like a ticking time bomb. It can make pips for months and then 1 bad week and you could lose all the profits in 3-4 consecutive bad trades. But at least it looks like it is a decent EA compared to the other crap that wipe out accounts in days.


cdforex
Dec 20 2010 at 20:11
3 posts
I'm not affiliated with Leo Trader Pro, but have been watching the system with interest.

They are using micro lots on the account, so 0.20 lots is actually 0.02 lots. With a 330 pip initial stop loss this would have resulted in a 13.2% (330 * .20 = $66) loss to their account on one trade.

Open trade drawdown is the metric that I'm looking at considering the high stop loss per trade with this EA. I'm not affiliated with MT Intelligence either, but I use one of their products, MTI Desktop (https://www.mt4i.com/mtidesktop.aspx), which allows me to analyze historic equity along other statistics. I'm not sure what source data MTI uses to calculate historic equity.

After loading data from the Leo Trader Pro FinFX account into MTI Desktop, I found that the largest open trade drawdown as a % of account balance was -16.05%. The attached file is an export of the LTP account data from MTI Desktop.

Attachments:


Raymond (rayong1)
Dec 20 2010 at 21:08
126 posts
Thanks cdforex, was gonna look through the trade data for biggest intra trade drawdown and seems like you have an app that does that. great.

Personally I'm quite comfortable with a 16% drawdown, even 30 to 40% happens from time to time...not pleasant but it happens.

John, how do you figure this for an account killer (ticking time bomb) given the track record its had so far. No one can say if that will happen since it hasn't taken a 330 pip SL yet so we don't yet know how bad this can be. If you look at the trading history it does take Stop Losses quite routinely but these have almost alway been after it has adjusted the stop loss to breakeven or profit. So we don't really know if 330 pips is the real SL or just a fake one for the broker. Most likely its for the broker cos both eur/usd and gbp/usd have the same 25/330 TP/SL when it opens a trade. On the other hand, there is evidence that it TPs quite frequently.

moritzm, sounds like you already bought it. Can you describe what you get and what you're thoughts are after having bought it?

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