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MT5FXRobot - A BUST

NNFXJNS247 (Joos)
Apr 14 2016 at 09:54
posts 9
BAYER_MANAGED posted:
A word of warning for anyone considering purchasing any trading system (manual or EA), you must see third party confirmations and if the vendor does not have the proof, you walk.

Backtesting can easily be manipulated (and it is). The manipulation occurs by testing the algorithm first then finding where the bad trades were, then they take the data feed (that the Strategy Tester uses) and they delete those days where the bad trading occurred. Now you have a beautiful equity curve but a bad EA. Never ceases to amaze me how deceitful people have become.

Thanks for the information, I'll start the process and see where it leads.
Regarding the performance of this EA I logged into their live account as an investor and the gains were amazing and on numerous occasions they made withdrawals once the account reached +100k leaving 5k in the account and 2-3weeks later it was back up their.
I ran the EA on my demo and it went from a 1k to 157000.00 in a 3 week period. But on my live account it did not get traction for 2 months then all of a sudden I had a phenomenal day it made 300 pounds in one day low risk and that was it. next 3 months all losses.
Take advantage of the minute you have - not the hour promised
NNFXJNS247 (Joos)
Apr 14 2016 at 09:54
posts 9
The only avenue I have not yet tried is to purchase the Arbitrage viewer they sell ($250) to see if I can find a master broker that is faster or slower than the one i use to see if I can get a repeat of the 'so called never loose EA'. Frankly I do not want to give them any more money.
Take advantage of the minute you have - not the hour promised
Ozzie Matt (aeronthomas)
Apr 14 2016 at 14:35
posts 1557
don't give them anymoe money, initiate chargeback on your credit card. good luck.
vontogr (togr)
Apr 15 2016 at 08:18
posts 4862
Joos posted:
Professional4X posted:
I checked the Internet Archive server for a historical snapshot of the website. (handy website....) :)
https://web.archive.org/web/20160305073525/https://mt5fxrobot.com/


It does say this on the most recent archived page for the site.




Best of luck getting your money back, I suspect you will never see it again.

I have made piece with it not getting my money back and it is not so much the fact that the EA did not work (Somewhat at that price) trading is high risk what really ticked me off is the fact that I paid for a service that I have not yet received that really got under my skin, and for that I will make their world hell and post the truth about their service and their dealings. If I can stop 10 people to purchase their product I'll know I have made an impact on their revenue stream. :-)
I have given them an opportunity to correct it and give me the service I have paid for or I'll report them to Interpol fraud division. Their reply 'Don't forget the FBI and KGB'. Sounds like a challenge to me ... I like that....

I am very sorry to say following:
If you trust statements like EA that always win, EA that can reverse trades, EA that never loose then you will keep losing your money. On the other hand it is less damage to waste your money on subscription than get your account wiped.
If you are looking for EA that works I can provide quite many. I dont promise such BS like above though.
NNFXJNS247 (Joos)
Apr 15 2016 at 12:00
posts 9
On the other hand it is less damage to waste your money on subscription than get your account wiped.
If you are looking for EA that works I can provide quite many. I dont promise such BS like above though.Send me a PM with your suggestions.
Take advantage of the minute you have - not the hour promised
vontogr (togr)
Apr 15 2016 at 12:01
posts 4862
Joos posted:
On the other hand it is less damage to waste your money on subscription than get your account wiped.
If you are looking for EA that works I can provide quite many. I dont promise such BS like above though.
Send me a PM with your suggestions.@Joos
Got it;)
asdfasdf
altescgroupinc
Jun 06 2016 at 07:08
posts 39
Better used Indicators and test your strategy..:)

I have Super Indicators just used it as test for now..

Follow and watch my account for 4 to 5 months..Im also selling this indicator;)
TozsdeProgram
Jun 10 2016 at 15:49
posts 19
Hi!

I found this MT5 forex robot today: MT5Champion - www.mt5champioin.com

https://www.myfxbook.com/members/MT5Champion/mt5-champion-real/1659633/bQblyDEMCqjJH1GdWiC5
https://www.myfxbook.com/members/MT5Champion/mt5-champion-live/1662223/FiljPJkUQ0yW5rEq6pBx

(Check the website for investor passwords to these real accounts. 😱)

It seems to be a good algorithm. What do you think?
Theirs website: www.mt5champion.com
Ozzie Matt (aeronthomas)
Jun 10 2016 at 16:09
posts 1557
TozsdeProgram posted:
Hi!

I found this MT5 forex robot today: MT5Champion - www.mt5champioin.com

https://www.myfxbook.com/members/MT5Champion/mt5-champion-real/1659633/bQblyDEMCqjJH1GdWiC5
https://www.myfxbook.com/members/MT5Champion/mt5-champion-live/1662223/FiljPJkUQ0yW5rEq6pBx

(Check the website for investor passwords to these real accounts. 😱)

It seems to be a good algorithm. What do you think?
Theirs website: www.mt5champion.com
looks interesting good to see can login with investor password. I wonder if would work on FXPRO mt5, as I don't like roboforex. I wish more vendors develop for mt5 if the speed is really that much faster with execution and easier / faster backtesting etc like this vendor says.
BAYER MANAGED ACCOUNTS (BAYER_MANAGED)
Jun 10 2016 at 20:28
posts 15
I did not login to the account but viewing the trades, it does martingale. This may not be an issue since it is a scalper meaning the losses are minimal so there is not a serious risk (this is what I see at the moment).
TozsdeProgram
Jun 11 2016 at 18:44
posts 19
I think you are wrong. I also checked www.MT5Champion.com robot's trade history today and it does not use martingale. It just increase the lot size like the balance is growing as well. Or correct me If I am wrong.
NNFXJNS247 (Joos)
Jun 12 2016 at 07:19
posts 9
Yeah not sure what to think of this one. It sounds very similar to the MT5fxwinner- Mt5fxrobot which means this will be the 3rd or 4th spin off from the original EA that had terrible reviews, and customer service. I'll login into their account during the week might even see if they offer a monthly subscription and see if the results are anything they profess it to be.
Take advantage of the minute you have - not the hour promised
BAYER MANAGED ACCOUNTS (BAYER_MANAGED)
Jun 12 2016 at 09:15
posts 15
TozsdeProgram posted:
I think you are wrong. I also checked www.MT5Champion.com robot's trade history today and it does not use martingale. It just increase the lot size like the balance is growing as well. Or correct me If I am wrong.

Maybe - however there are variable lot sizes.

That would be a good idea Joos, unfortunately we have to be cautious.
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