If you know what you are talking about then prove it! Post the name of just one Scalper being sold out there that is as consistant and stable as mine with little drawdown, do people a favor... thats all what I am asking for.
oh, you guys seriously don't know what you're talking about.
That Forex world Cup is a scam, they had a lot of EAs in one two months contest, sure some of these will survive, but when the time comes they will fall no matter what.
Keep in mind that the Megadroid Team ((The Biggest Scammers in the Forex EA industry EVER)) were advirtising for this...
I have looked at the strategy of each one of the top 11 EAs,, take the hirider for example, the Risk/Reward Ratio is about 30:1,, you don't need experience or any sort of business degree to realise that this System is distant to blow up just like any of the top 11 EAs they have. Their Strategies are ridiculously dumb. If you don't believe me, just go ahead and run them on your live account for two months... I Dare you. Thats all what it will take to see the true color of these EAs, just Two to three months.
Actually, You dont even need to run them on your money, some people here have their results posted here on myfxbook, just keep an eye on them.
Hi Noordeen, I'm quite new to all these EAs thing. But am curious with your statement of Megadroid team being the biggest scammer. What makes you say so?
Also, let say if I'm willing to go down the path where I allow an account of 5000 for your robot to proof it and let you pocket 3k profit, what guarantee do I have if it turns out the other way, like if the account loses some or the entire capital? Will you reimburse the account? Surely it is something you would consider if you have absolute confidence in your robot right? Cheers
Yes Bill, Megadroid, Fapturbo and FRWC which is the same team are the one of biggest scammers out there. If you can show me some person's statement for period of more than half an year with profitable FT and MD trades I will apologise. These guys except being decent programmers are excellent marketers. They just know how to sell and how to convince you their product is good(which is not true at all). And here we have Mr Bakir who's showing only forward tests and not a single backtest. He even agrees to deduct the product's price from the future profit of you account traded by his EA. Yes, I would say it's a good option indeed. His site is one of the simplest I've ever seen, missing the BIG marketing part. These are the PROS. The CONS are: forward test periods are too short which doesn't support the 1k price. I believe he's missing to mention the information that if you agree to the EA's price deduction from the profits he'll probably require to be your IB when you open an account with one of the preffered brokers. The other con is the refund policy, PayPal does not guarantee your refund and I don't trust just a promise from the programmer. The biggest con is he doesn't offer demo which combined with the PayPal payment sucks because with such high price tagged EA it would've been nice if we had an option to feel how the EA trades before we decide to spend 1k on EA with unclear refund policy. One other con is the EA itself which although showing big profit in % over the initial investment does not show great results in pips, just average and not enough for 1k EA. The longest forward test is on Alpari UK which have the lowest spreads I'v ever seen... but on DEMO. These spreads you could use with only 20k account and min 3 lots trades. Otherwise the non-PRO accounts have much wider spreads which would worsen the performance.
Conclusion: Mr Bakir's EA looks much better and safer than MD, FT and FRWC but it's overpriced. ClickBank payment with refund option would be nice to see.
The Megadroid Team has gotten away with every single scam they have pulled off,, No FBI investigation or having anyone pulling them to court. They have presented Fabricated results on every System Or EA they have Launched.
For those who think the FRWC should be Legit because its been Ran with FXCM... Well, Just Google 'Refco' to find out how Scumbags FXCM are.
For my EA, 1k for a good EA is extremely Low. Those who have been looking for a good EA and tried most EA on the Market realise that. For the 5k insurance inquiry, and recovering the customer IF the account goes 60% in Capital drawdown,, I will seriously consider this,, thats a very good idea to bring trust. If someone could help with the paperwork and Guide me on what needs to be doen would truely appreciate it.
As you can see I have just launched my business (Less than a week ago), already sold copies of my EA without any advertising at all. All customers who purchased my EA so far have been a scam victim of other EAs.
For the ClickBank payment option enquiry, the Answer is absolutely a Nay! ClickBank refunds could be instant, no investigation what so ever. people can jump in and steal a copy for free. Sure it will increase sale in the end, but I really don't care. I don't want my EA to be all over the Internet. And when I say that I am limiting the number of copies, I truly mean it, I am not trying to Hype out my EA in any way. Will close the product sale (Keep the 3K Sale going) and launch another EA.
I am currently offering only 1 LIVE license per purchase,, but for those who are welling to post their results on myfxbook (Or any Other Legit and trusted Third Party website) using Only my EA on their account (No Manual trading or use of any EA) I will issue a second Live license for them for free to help them doing so. (After discussing the Broker)
I wont advertise much for my EA,, will leave the good performance spread out slowly on the Internet, and its just the matter of time when everyone will know about my EA.
Noordeen, nothing makes you different so far. 1 month of forward test means NOTHING. If you had shown 1 year forward test with constant performance I would have been really impressed. What I see now is just a good EA candidate which has a long way to go to prove it's worth 1 or 3k. And I'm gonna say it again, your performance in pips is just average. I would spend 1k or more just on EA which could generate 1000 or more pips monthly. Your result with an average under 300 pips/monthly trading 6 pairs is nothing spectacular. If you want to sell something you must learn to respect customer's interest because it looks like you only care about your EA not to be spread all over the internet. I understand your concerns but you have to try to understand other people's concerns because they've been lied, lied, lied and lied all over again.
In few words what you offer is EA with VERY SHORT history, PayPal payment, no clear refund policy, just an average performance at VERY HIGH price. No way man. I'm not trying to say your EA isn't good, it just need more time to prove it. Until that happens 1k is way too much.
Its not about the number of pips,, Forex trading is mostly about money management.... I have been trading since 2004,, any trader who does not agree that the money management is the most important, then his trading skills would be ZERO.
I suggest that you bookmark my EA and wait for 6 months, as for those who do have experience in forex EA and strategies, they will understand how solid my EA is just by looking at the trade History.
I personally rather selling the EA for 3K instead of 1K. And end up distributing as low number of copies as possible. Since not so many people would pay 3k for an EA. I know that 3K is not much,, since the EA can make more than that amount in a couple of months trading on a 5K Capital.
And if someone can help me here with the legal documents to Warrant customers accounts who are interested in letting my EA pay for it self on a 5K account would be appreciated.
Noordeen, please don't make laugh. It's all about the pips. I'm not saying that MM doesn't matter but trading is not all about MM. I'm trading for more than 7 years and what I've learned is that the real judgement must be done not looking over the growth in % but the growth in pips. % growth is just a function of pips growth. Having a negative pips result and positive % growth over initial investment just comes to show that something's not right. You simply cannot win more money by losing more pips. That's only how Martingale systems work and that's why they allways fail at the end. Yes, your system has positive pips results but all I'm saying is that it's just an average performer and the big growth of the balance in your account is just a result of the risky trading you do. As we see here: https://www.myfxbook.com/members/nbakir/scalperbigcat-alpariuk-demo/17456 your current balance is 30 648 USD and there's this trade: 03.01.2010 22:19 03.01.2010 22:28 USDCHF Buy 13.65 0.00000 0.00000 1.07901 1.07881 -2.0 -253.06 13,65 lots trade on 30 648 USD balance is nothing more than madness. Please excuse me but I'm not some newbie you could fool with your sweet talking. Here: https://www.myfxbook.com/members/nbakir/scalperbigcat-gomarkets/16200 we can see this trade: 02.18.2010 21:31 02.18.2010 22:49 EURUSD Buy 0.37 0.00000 0.00000 1.35733 1.34988 -74.5 -177.98 What happens when there's 74,5 pips loss over 13,65 lots = - ~10k loss which could result in 33% DD. Who would trade like this in the real world man? This proves that there's a chance of 33% DD just from a single trade with your system and the 'perfect' MM you learned to use in your 6 years of trading. And if there are two trades like that at the same time there's a big possibility of margin call. Yes, you could use a broker that allows 500:1 leverage but serious brokers and banks allow max 100:1 leverage and I would like to trade with good broker/bank. What you like to show to the public is science fiction and I'm trying to show you the real world.
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