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Super Scalper Discussion
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Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 04 2010 at 21:24
pipsquick,

Yes, but people don't seem to understand. you CAN use the latency technique, it is not illegal, or even wrong, there are whole buildings of computers doing it around the world. (it makes spreads nice and tight :) What is wrong is beating a broker at his own game. They do not like that.

So if you are beating the market: GOOD

If are beating a broker: BAD

STP = Market

Not STP = Broker

I have talked to both brokers, the problem with the bucketshop (non STP) is that it is taking risk to give you a good fill. And so you end up ripping it off if it fills you and cannot get itself filled in the market. It will not pay you for ripping it off.

The STP broker is not filling you, your order is routed through him to the actual market and he gets a fee, if you are filled, he makes a commission... that is it. He loves you to be trading as much and as fast as possible (over one second). You will get paid... and maybe sexual favors.

As for responding to your E-mails on same day: Can you understand that he may have gazzillions of E-mails? He is ranked #1 on myfxbook!

But hey, if your spider sense is tingling, don't deal with him.

Damon

1 pip pip banked is worth more than the rest out in the market.
pipsquick1957

Member Since Nov 15, 2010  172 posts George (pipsquick1957) Dec 04 2010 at 23:37
Damon: Yes you are absoluteley correct on the STP ECN type of broker, in fact this type of trading style is really scalping at its best.

 Have you seen his live account?? In other words do you have an investor password and looked at his live account, which is this very account that we are looking and talking about here on Myfxbook?? So far all I am seeing is what we see here on Myfxbook, and that unfortunately the results can be manipulated and changed from the original.

 On top of that, this is an EA which means he has plenty of time to answer emails, but chooses not to, or takes his sweet time to do it. Trading is a business, and if you cant communicate with your so called partner (because thats what he will be with a managed account) when something goes wrong with one of the trades, then you better have some big balls or be willing to take some very big risks.

I am going to sit on the sidelines for now and see if he will give us the investor password. In the meantime if you do get your account set up with this so called wayne dude, then keep us up to speed on how things work out.


Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 05 2010 at 01:56 (edited Dec 05 2010 at 01:59 )
I do not have an investor password for his account that is myfxbook no.

I have no idea how someone could manipulate the results at myfxbook, but I agree that it would be possible. The only problem with that scenario is that he is not selling his EA, he sais he might later but right now he is only offering to manage accounts. In my book that is HUGE reason to believe these results, the only way he is making money is if you are making money.

Yes I will keep you updated, the account he is going to trade is one of my managed test accounts, I had another trader in there and he nearly wrecked it so it is no biggie to me if it does not work.

The problem is the spread at my brokerage is much bigger then the brokerage he said works really well with his EA (Exness)

So it is still a big IF.

Damon

1 pip pip banked is worth more than the rest out in the market.
umairejaz

Member Since Oct 30, 2010  17 posts umairejaz Dec 05 2010 at 03:35
I have opened account under Wynes IB link and will deposit funds in it immediately after he responds to my email. He was communicating with me but didn't reply for my last email in which I asked for investor password.
Results seems not fake but still there is a possibility if he used MT4 Bridge or had some hidden deal with broker.
If Wynes dont want to provide the investor password he should not at least set Broker as Hidden in System details.

Damon I think you should use his suggested broker EXNESS , Bcoz thats really good broker with very low spreads and hope it will work fine with the system. Let me know about the results when system will start trading at your account.





pipsquick1957

Member Since Nov 15, 2010  172 posts George (pipsquick1957) Dec 05 2010 at 03:53
The big question is not whether or not the results can be manipulated, because with todays software anything can be achieved and I am 100% that the results could easily be fudged, so dont think for a minute that they couldnt. The big question is whether or not this is a live account and with what broker, because if its a demo account you can bet your sweet ass that most of the trades will not happen in real.

 I actually asked him the exact same question in my last email about investor password for his live account, but it has also been since last sunday that we spoke via email, which is pathetic and I dont do business like that. Yes it would be much harder to answer any emails if he has been getting thousands, but anyone can do a group email very easily and at least tell everyone what is happening and to sit tight for a while to he gets caught up.

 Hopefully his communication will be better when someone actually has a real account that he is trading.



umairejaz posted:
    I have opened account under Wynes IB link and will deposit funds in it immediately after he responds to my email. He was communicating with me but didn't reply for my last email in which I asked for investor password.
Results seems not fake but still there is a possibility if he used MT4 Bridge or had some hidden deal with broker.
If Wynes dont want to provide the investor password he should not at least set Broker as Hidden in System details.

Damon I think you should use his suggested broker EXNESS , Bcoz thats really good broker with very low spreads and hope it will work fine with the system. Let me know about the results when system will start trading at your account.






Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 05 2010 at 07:39
Um:
please keep me posted as to how it goes with your account. It took 4 days for him to get back to my last E-mail -And I gave him a live trading password and account details. He is starting it a week later (Tomorrow), I am sure he is just swamped. If he wasn't wouldn't he have jumped on my account? I am glad someone is trying it in his recommended broker.

Pips:
Well, I am an old time hacker, it would not be an easy task if you ask me to fake a verified feed. But as I said, nothing is impossible :)

Both of you:
Just so you know, I do not give out investor passwords for my managed account. And I won't if this EA works with my brokerage, if there was more security on investor passwords, like a timed delay I would do it but otherwise it's too personal, I don't mind people figuring out my EA but I do mind the copying of my trades with an account copier. That is why I am on myfxbook, so I can verify that my account is real without getting a strip search from all the tire kickers.

On another note - I have a friend with a managed account that does 30-40% per year with a 2% drawdown, his minimum deposit is 50 grand, he does not show ANYTHING about the account until he has verified that person has 50,000.00 in the bank.... Now thats CRAZY if you ask me but he raised 10 million in his FIRST year in that fashion, while me being a super nice guy with a tiny min deposit and open stats on myfxbook has raised 10,000.00 -It doesn't seem to pay to be a nice guy in this business.

Damon


 


1 pip pip banked is worth more than the rest out in the market.
forexma

Member Since Feb 16, 2010  1332 posts SolarFX (forexma) Dec 05 2010 at 09:11 (edited Dec 05 2010 at 09:24 )
Remember, Aquarius is Dominic and if you have a small piece of brain left YOU SHOULD RUN AS FAST AS YOU CAN.
Don't you smell the S..M? I smell it from thousands of km. Do you think that it's coicidence that his prefered broker is EXNESS?
On https://www.ecnrobot.com Jim Morris had IB link for EXNESS which later became clear is the same as Dominic's, just a coincidence? I guess not. Dominic/Jim Morris was planing the same - manage accounts through EXNESS. Do some research on EXNESS, open your eyes. It's a russian non regulated broker(or it's regulated by the russian authorities which is like non regulated). Just read this and you will know what I'm talking about: https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/12713-sasa-el-shawaf-exness-brokers-scam.html

https://www.forexpeacearmy.com/public/review/www.exness.com

This would help too: https://www.myfxbook.com/community/trading-systems/ecn-robot-jade-fx-demo/40014,1#?pt=2&p=1&o=40014

Don't you guys know that Russia is still an oasis for cyber criminals?

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
forexma

Member Since Feb 16, 2010  1332 posts SolarFX (forexma) Dec 05 2010 at 12:51

umairejaz posted:
    I have opened account under Wynes IB link ....


Would you mind sharing with us his IB link? I'm just curious.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 05 2010 at 13:19 (edited Dec 05 2010 at 13:21 )
Solarmad,

First link, I think the guys an idiot for giving away his Trading AND Login pass. His fault. But! The dude who scammed the idiot should be burned alive, toes first, one match at a time.

Second link, my favorite broker has people hating it on forums. Haters are just opinionated and louder :)

Third link, Oh damn! You may have me herered... I never saw Dominik do the Jim Morris thing (I was busy trying to get his robot to make money in a live account) If Dominik gets me again i will put a price on his headmad. It is REALLY coincidental that he wants to trade accounts at the same F-ing broker as dominik/Jim. AND HE WOULD NEED THE TRADING PASS WHICH IS THE F-ing BACKOFFICE LOGIN PASS TOO !!! AAAARRRRGGGHHHHHH!!!!! I fell like a retard. slim

(see how I misspelled 'feel'? ... it's because I am saying I am retard, ... you see, I misspelled it to show in fact that I am .... do you get it now? -Nevermind, it's just not funny if I have to explain it.)

I would like to take this moment to apologize to you Solar cry, I have been patronizing you roll, thinking you were just an old stinky bastard lol. With your yes man! sidekick pc8 eek. But in fact you had more data than I (you too pc8), and O F C O U R S E you could smell this from a mile away!!! AAARRRGGGHHHH!!!!

So, I bow my head in shame fat, I am but a douche tongue. I hope to god I did not help to convince anyone to deal in EXness... I was defending Wayne... I feel dirty.

I will be at the market open watching my account like a hawk eek, if anything looks weird (Dominik like), I change the password. He trades larger than 0.01, I change the password. Too many trades don't get filled (FXrobot like), I change the password. My wife is not in the mood roll, I change the password cry.

Maybe in allowing my account to be the test dummy (and telling people that I was going to) I have (unintentionally) stayed the wallet of some potential victims... I really hope so. sad]


1 pip pip banked is worth more than the rest out in the market.
Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 05 2010 at 13:25
Solar, How do I vouche for you?

1 pip pip banked is worth more than the rest out in the market.
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