The user has deleted this system.

# MIDAS1 Discussion

Oct 23, 2009 at 16:25
3,450 Views
31 Replies
Member Since Oct 28, 2009   1424 posts
Feb 10, 2010 at 12:26
This system looks amazing, just one question.
How did you lose 2250 pips on November 27th and still come out with a profit?
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.
Member Since Oct 28, 2009   1 posts
Feb 10, 2010 at 13:19
Good question Steve, good question indeed. It seems almost all of these settings produce losses in terms of pips but positive £ growth.
Member Since Aug 06, 2009   397 posts
Feb 10, 2010 at 13:27 (edited Feb 10, 2010 at 13:27)
judging by the logarithmic growth and the positive balance growth vs. negative pips expectancy, i would guess he is scaling into positions and doubling up on positions as he goes. other than that i see no other way to accomplish this.

anyway, excellent result!
Sleep is for the weak.
Member Since Nov 02, 2009   10 posts
Feb 21, 2010 at 22:00
Somewhat odd that every day is measured in multiples of 50 pips. Also that only about 60% of the trades are verified.
Member Since Dec 04, 2009   1 posts
Feb 24, 2010 at 14:25
My guess is he had one big earned trade and some smaller lost trades (ex. 1 lot x (+15pips) + 5x0.1 lot x ( -20pips) = -5pips but you are in money).
Member Since Oct 22, 2009   84 posts
Mar 03, 2010 at 23:50 (edited Mar 03, 2010 at 23:53)
duplicate post(deleted!)
When everything else out there is just not good enough, design your own! MIDAS
Member Since Oct 22, 2009   84 posts
Mar 03, 2010 at 23:52 (edited Mar 03, 2010 at 23:53)
zorba_g posted:
Myfxbook's response - 'Our systems cannot verify trades which were already deleted by broker. Nevertheless, our systems use other parameters such as account balance, profit, etc' to determine if it's verified or not.'
When everything else out there is just not good enough, design your own! MIDAS
Member Since Nov 02, 2009   10 posts
Mar 04, 2010 at 06:43
Ok, thanks for the explanation.
Member Since Mar 04, 2010   423 posts
Mar 11, 2010 at 18:37
hi,

Regards,
SIM
Member Since Oct 22, 2009   84 posts
Mar 12, 2010 at 10:04
The history information is provided to our subscribers ony. You may try it, you can't lose with our 30 day money back guarantee - https://www.midasrobot.co.uk/track/2

Also, you will notice on the site that we are now publishing results of a strategy we are testing on MIDAS, whereby you can enter the market with MIDAS with just a few hundred dollars! https://www.midasrobot.co.uk/track/2

Results also published on Myfxbook, just search for MIDAS Low Deposit

cheers
When everything else out there is just not good enough, design your own! MIDAS
Member Since Mar 15, 2010   16 posts
Mar 19, 2010 at 19:48
well this low deposit depot was blown a couple days ago, but I stay impressed with this account!
Member Since Oct 22, 2009   84 posts
Mar 29, 2010 at 22:45

RainerN posted:
well this low deposit depot was blown a couple days ago, but I stay impressed with this account!

Your not wrong there! Try a search for Low Deposit Doubler, we have 3 new live tests up, 3 different settings on the USD/DKK, so far so good, fingers crossed!😉

When everything else out there is just not good enough, design your own! MIDAS
Member Since Mar 28, 2010   2 posts
Mar 30, 2010 at 21:33 (edited Mar 30, 2010 at 21:41)
Hello

Member Since Oct 22, 2009   84 posts
Mar 30, 2010 at 21:38
I do not understand your questions, sorry!

When everything else out there is just not good enough, design your own! MIDAS
Member Since Mar 28, 2010   2 posts
Mar 30, 2010 at 22:30
Member Since Oct 22, 2009   84 posts
Mar 30, 2010 at 22:33 (edited Mar 30, 2010 at 22:35)
I did not receive your message! You can send me email by clicking message in my post below!

thanks
When everything else out there is just not good enough, design your own! MIDAS
Member Since Nov 03, 2009   1 posts
Mar 31, 2010 at 00:50
Hi, Can you send me the history of your system?

Member Since Oct 22, 2009   84 posts
Mar 31, 2010 at 07:18 (edited Mar 31, 2010 at 07:25)
No, this information is only available to our customers. Sorry.
You can see our web page in my profile on how to subscribe if you with.
Thanks
When everything else out there is just not good enough, design your own! MIDAS
Member Since Mar 21, 2010   68 posts
Apr 09, 2010 at 18:16
Well I have to say I have many doubts that what you have on these tests is real money.
Yes FxBook can be hacked not a easy job but certainly doable.

One of the main reasons why has to do with a answer to a email question I sent to Midas. It was very apparent by Midas answer that they knew nothing at all about EA(s) or trading.

I designed my own EA and it is doing very well. However if what you show on fxbook is true which I very much doubt it is then you would blow your account many times over.

Do the math you see very very few people have a EA that would make 40% a month after month.
And if you ever had a EA like this you would never sell it or lease it to anyone. So one or 2 things is true here 1. Your ea makes lots of money but bows the account at least as much as it makes or the EA does nothing and it's all a clever fabercation9which I believe it is)

Now to back up what I say here so some of the people reading this will not be conned into giving there money away look at this example.

1. \$7000
2. \$ \$9800
3. \$13720
4. \$19208
5. \$26891
6.\$37647
7.\$52705
8 \$73787
9. \$103301
10.\$144621
11\$202469
12.\$ 283,456 1-year

The above is with a EA that only makes 40% per month at the end of only 1 year you would have \$283,456
in 2 year it would be high in the millions and remember only 40% per month.
Now your tests show even more than this but my point is very simple no one that has a EA that can do this would ever put it on the market. You keep EAs like this and tell nobody for obvious reasons that if you were to market it in a short time it would not work anymore so it's just very basic common sense people . Do not be fooled by these guys or anyone claiming such a EA..

This is why most people loose in the Forex market like 99%.
They never have the odds stacked in their favor and they believe most anything that sounds too good to be true.
I hope this post helps some folks here Do not be conned. These people would never market a EA that does what they say. They are betting on the greed factor which kills more people in Forex than anything else.
Sure they may make millions off the EA but not because the EA can make profit like this but because of you and thousands of others that will buy it..
A great game if you can sell it.

Best
Randy

Member Since Oct 22, 2009   84 posts
Apr 12, 2010 at 16:53 (edited Apr 12, 2010 at 17:00)

MyLiveEA posted:
<quote=MyLiveEA>
1) Well I have to say I have many doubts that what you have on these tests is real money.
2) Yes FxBook can be hacked not a easy job but certainly doable.
3) One of the main reasons why has to do with a answer to a email question I sent to Midas. It was very apparent by Midas answer that they knew nothing at all about EA(s) or trading.
4) However if what you show on fxbook is true which I very much doubt it is then you would blow your account many times over.
5) Do the math you see very very few people have a EA that would make 40% a month after month.
6) And if you ever had a EA like this you would never sell it or lease it to anyone.
7) So one or 2 things is true here
7.1) Your ea makes lots of money but blows the account at least as much as it makes or
7.2) the EA does nothing and it's all a clever fabercation which I believe it is)

8) Now to back up what I say here so some of the people reading this will not be conned into giving there money away look at this example.

\$ \$9800
\$13720
\$19208
\$26891
\$37647
\$52705
\$73787
\$103301
\$144621
\$202469
\$ 283,456 1-year

The above is with a EA that only makes 40% per month at the end of only 1 year you would have \$283,456
in 2 year it would be high in the millions and remember only 40% per month.

9) Now your tests show even more than this but my point is very simple no one that has a EA that can do this would ever put it on the market.
10) You keep EAs like this and tell nobody for obvious reasons that if you were to market it in a short time it would not work anymore so it's just very basic common sense people . Do not be fooled by these guys or anyone claiming such a EA..
11) This is why most people loose in the Forex market like 99%.
12) They never have the odds stacked in their favor and they believe most anything that sounds too good to be true.
13) These people would never market a EA that does what they say.

Best
Randy

I have numbered your points and my response to them below to make it easier for the readers to ensure they can make their own educated and informed decision. Please bear with me people, Randy likes to write. lol

1) Looking at MIDAS1's page you would have seen it is shown as Demo and not Real, so your doubts were correct. We have various tests running on other accounts both with real money and demo! Just search MIDAS you will also find that we label MIDAS also as Low Deposit Doubler and Set-time, as these are strategies our customers can apply to the same robot, as we do not churn out robots for sale with every strategy designed, we just add value to our existing customer base for life!

2) Don't appreciate you insinuating that we might be hacking Myfxbook!

3) Ah yes I remember now, Randy Muscarella requesting details of our programmers. Having pointed you in the right direction thinking we were helping to never hear from you again! Without quoting all your email, I thought this paragraph from it is apt to publish here - ....'I tell you I almost flipped when I saw what your doing as it's the same I will do. However I will ask for more money. You guys are way underprice for what you offer. If your EA does what my EA does you could easily get 500 gpb per month.....'

4) True, and yet it's not blowing this account!

5) Good to see here that you actually agree that high percentages can be achieved.

6) And yet we are! We decide how we run our business.

7.1) see number 4
7.2) Your entitled to your opinion. Our continued, growing and loyal customer base however begs to differ though.

8) Good to see your doing well at over 70%+ per month with yours!

9) See 6

10) See 8

11) see 7.2

12) If I may quote bestselling author Richard Carlson who once wrote: 'The old adage, 'If it sounds too good to be true, it probably is,' isn't always correct. In fact, the suspicion, cynicism and doubt that are inherent in this belief can and does keep people from taking advantage of excellent opportunities.'

13) see 6. Also without quoting your email again, I recall you asking for programming protection so that you could sell yours!

Thank you Randy for raising your points in the public arena and good luck with your continued achievement of 70%+ per month with your 'private' EA. LOL 😉

Please get in touch if you need any other advice, you know where to find our Help Desk.

From the team.

When everything else out there is just not good enough, design your own! MIDAS