As long as there is no trading statement or investors access to verify the performance, no one should buy this expensive EA. Is the broker reliable and about 5000 trades in 3 weeks... the developper certainly has some history to disclose ;)
Please note that he has tried to be 'clever' and changed the name of the PAMM-account from 'dragtrade' to 'pipsmaster II'. I have yahoo IM message from him providing the same PAMM account 381092 which was then called dragtrade for me to invest. However after blowing the account I've changed the name to 'pipsmaster II' to avoid any link to him. Avoid this trader please
I don' know why some traders will purposely scheme ways to scam people.
Anyway, i blame gullible traders for falling prey to these deciet.
Any trader who is wiling to buy any EA should note these points.
1. No one will sell out a profitable EA but can use it to managed accounts but not outright selling. 2. Never trust any back testing result but monitor the EA activities by yourself for as long as you wish either by having direct access to that account using investor's password or monitoring on myfxbook with history, open positions, brokers name all made public. 3.And tis is very important for people who want to buy a scalping EA: Any EA that guns for less than 10pips must be tested thoroughly on live account to see its tolerance to slippage and spread. 4.And Finally you must know that sucees in fx trading is a gradual thing and if an EA result is too good to be true then its definitely not true so be vigilant.
Success in Forex Trading is a marathon and not a sprint.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
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