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Get refund from Paypal for a Scam EA or Signal Service // Trade Copier
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aeronthomas

Mitglied seit Dec 04, 2010  1553 Beiträge Ozzie Matt (aeronthomas) Jan 17 2017 at 00:28
earlyxmasea posted:
@togr Of course Sir, Myself I am a seller and every time when a buyer sign up with me and tell me his story how he was robbed by some scam seller last time, I feel really sorry for him. New traders does not deserve this at all.
That is the sole reason I want people to know more ways to get their money back from scammer type sellers.
@aeronthomas told us a better way to get refund from paypal.
You are the most senior trader here and I also request you to give some advise as to how people can avoid scams and if they are caught in any scam then how can they recover their hard earned money.

Thanks

Han
Han I am not the most senior trader here. I think togr has been around longer than me. My advice to anyone is follow signal providers who have at least $1,000 of their own money in their own system. Avoid following signal providers with cent accounts, or $10 in their accounts or $50 made to look like $5,000 (plenty of these on signalstart.com) and if you go to simpletrader.net they have a minimum of $3,000 requirement and 6 months history etc to be publicly displayed in their marketplace starting from January this year. Also look for systems with a monthly return close to the maximum drawdown experienced in the system, avoid grids etc. good luck to all.

togr

Mitglied seit Feb 22, 2011  3890 Beiträge vontogr (togr) Jan 17 2017 at 08:13
aeronthomas posted:
earlyxmasea posted:
@togr Of course Sir, Myself I am a seller and every time when a buyer sign up with me and tell me his story how he was robbed by some scam seller last time, I feel really sorry for him. New traders does not deserve this at all.
That is the sole reason I want people to know more ways to get their money back from scammer type sellers.
@aeronthomas told us a better way to get refund from paypal.
You are the most senior trader here and I also request you to give some advise as to how people can avoid scams and if they are caught in any scam then how can they recover their hard earned money.

Thanks

Han
Han I am not the most senior trader here. I think togr has been around longer than me. My advice to anyone is follow signal providers who have at least $1,000 of their own money in their own system. Avoid following signal providers with cent accounts, or $10 in their accounts or $50 made to look like $5,000 (plenty of these on signalstart.com) and if you go to simpletrader.net they have a minimum of $3,000 requirement and 6 months history etc to be publicly displayed in their marketplace starting from January this year. Also look for systems with a monthly return close to the maximum drawdown experienced in the system, avoid grids etc. good luck to all.


@aeronthomas
I would say
1. only verified MFB account, no shitty brokers
2. good ratio profit/DD
3. at least 3+ months history, even more is better
4. Grids, martingales, if it runs at least for year you can think about it.
5. Always monitor your account, if the loss exceed your limit close all positions and disconnect

I like what I trade, I trade what I like
aeronthomas

Mitglied seit Dec 04, 2010  1553 Beiträge Ozzie Matt (aeronthomas) Jan 17 2017 at 11:28
togr posted:
aeronthomas posted:
earlyxmasea posted:
@togr Of course Sir, Myself I am a seller and every time when a buyer sign up with me and tell me his story how he was robbed by some scam seller last time, I feel really sorry for him. New traders does not deserve this at all.
That is the sole reason I want people to know more ways to get their money back from scammer type sellers.
@aeronthomas told us a better way to get refund from paypal.
You are the most senior trader here and I also request you to give some advise as to how people can avoid scams and if they are caught in any scam then how can they recover their hard earned money.

Thanks

Han
Han I am not the most senior trader here. I think togr has been around longer than me. My advice to anyone is follow signal providers who have at least $1,000 of their own money in their own system. Avoid following signal providers with cent accounts, or $10 in their accounts or $50 made to look like $5,000 (plenty of these on signalstart.com) and if you go to simpletrader.net they have a minimum of $3,000 requirement and 6 months history etc to be publicly displayed in their marketplace starting from January this year. Also look for systems with a monthly return close to the maximum drawdown experienced in the system, avoid grids etc. good luck to all.


@aeronthomas
I would say
1. only verified MFB account, no shitty brokers
2. good ratio profit/DD
3. at least 3+ months history, even more is better
4. Grids, martingales, if it runs at least for year you can think about it.
5. Always monitor your account, if the loss exceed your limit close all positions and disconnect
good advice to add. I would add sometimes there are some examples on reputable brokers I remember an abitrage system that worked on FXPro for a short while, but you can always tell these, they only last a few weeks then the vendors try to cash out and run. If using a grid / martingale that has lasted more than a year, be sure to use an equity protection EA, set to what your are comfortable to lose and start again be it 30,40 or 50%.

earlyxmasea

Mitglied seit Dec 22, 2016  102 Beiträge Seoungsu Han (earlyxmasea) Jan 17 2017 at 13:49
@togr
@aeronthomas

Thanks Guys. Your advise is priceless.
So many new trades can save their hard earned money following these guidelines.


Early Xmas EA
BaldoN

Mitglied seit Feb 12, 2016  522 Beiträge Baldo (BaldoN) Jan 18 2017 at 15:20
Thank you guys for the precious advices it would definitely save us all some money , time and headaches. I will keep following this thread. Cheers

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