BellaVista507's Posts - Page 7

Beware of the "EA scam" in General Mar 29, 2013 at 10:45

We have a trader called "pipstrader" Here is his profile. http://www.myfxbook.com/members/pipstrader/scalper/503181 This trader is selling an EA for 500usd when his system shows he has profited almost 1000% using his method of trading. Besides the fact that if someone had an EA which could produce these results why would you sell it. The fact is this trader "pipstrader" is manipulating his stats to make it appear as if he is trading very well.1) His initial deposit was that of 12k dollars. Which was a very good deposit size. Yet what he is doing is using small lots, in bot...

EXNESS in Brokers Mar 29, 2013 at 10:17

Your failing to understand my point. The spread becoming wider the normal happens in EVERY SINGLE BROKER. Even in ECNS. Them widening the spread isn't anything "personal". It happens to EVERY single exness user, and it does to users in fxopen or any other broker for that matter. Your posting on as many forums as you can about exness. Have you lost your last penny with exness, and can't find any money to redeposit with another broker? Stop crying and get a 9 to 5. Also read the freaking term and agreements. It doesn't matter if I am trader or not. The term and agreements i...

EXNESS in Brokers Mar 29, 2013 at 00:37

Your a complete idiot. Unless you can provide video evidence. Then shut up! Also read the terms and agreements of the broker. The spread will change due to market conditions. And asia is the least liquid period of all trading sessions. That is the reason why the spread is the widest. Being there is no liquidity in the market at that time, the spread will be slightly wider then normal.

EXNESS in Brokers Mar 28, 2013 at 23:25

1) EVERY single broker has a wider spread then normal during ASIA... 2) If you claim your spread becomes other then news time then please prove it. http://www.youtube.com/watch?v=y-5ylDwhtss Here is a link which shows the spread becoming high, just moments for an N.F.P. news release. Feel free to fast forward to 0:55 second. Oh yeah that is with the broker exness. If you don't like the broker that is fine. Yet, you are to blame for your horrible entries. Not the broker.

EXNESS in Brokers Mar 28, 2013 at 21:41

Exness does not shut off your mt4. Your so full of Sh!t. Why not record your screen, and show proof. Other wise your deflecting your horrible trading by blaming exness.

EXNESS in Brokers Mar 28, 2013 at 21:39

Yes there are news EVERY hour. Yet it doesn't happen during every news release. They only happen during NFP, or job claim news. So it appears your looking for an excuse to justify your bad trades.When the spreads become 10 pips. Its only for about 2 secs. That would effect only scalpers if they are using a stop loss of about 10 pips right before the news is released.

EXNESS in Brokers Mar 28, 2013 at 21:17

Well here is the best question to support exness. Does exness force you to enter a buy/sell order? Most brokers claim that EXNESS has cost them money. Yet when you look at the persons trades. The trader has a huge pip drawdown (as swing traders usually have), not to mention they have no actual strategy. Yes exness may have a 1.5 pip spread the all of a sudden it becomes 10 pips. Yet that ONLY occurs during NEWS RELEASES. Any experienced scalper or trader knows to stay away from a currency during that time. Exness is not the best broker for scalping, but they are not be blamed for your horrib...

Scalper in Trading Systems Mar 24, 2013 at 19:39

Your finding it very difficult to defend yourself is what the problem is. You find yourself withdrawing, and redepositing only because your equity is getting low on certain positions. Which is why your absolute profit is less then 80% :p

Scalper in Trading Systems Mar 24, 2013 at 19:29

You have never used martingale? Its all over your trade history. What do you call adding more or increasing lots after a certain amount of pips loss? Anyway to sum up this thread. If an ea can really produce 400% profit why the heck would you sell it for 500 usd :p

Scalper in Trading Systems Mar 24, 2013 at 19:27

Im sorry I don't hold trades for 200-300 pips. Not your getting offended and deflecting from the issue. Your using .004% of your total account balance which the avg trader would not be able to do. So unless someone has an account as large as this traders. This EA won't work for you. As you will end up margin calling or blowing half your account. This guy also doesn't use stop loss by the way. :) So one massive news release and for sure you will be dead in the water.

Scalper in Trading Systems Mar 24, 2013 at 19:25

Being it is an "open forum" I have the right to give my analysis. You also aren't calling for people to follow you here. Yet by posting your trades it allows everyone to see what it is your doing. I for one know exactly what it is your doing. Yet, numbers can sway people in the wrong direction. People have a right to know what little martingale BS your up to.

Scalper in Trading Systems Mar 24, 2013 at 19:22

Also look at the difference between his balance and equity. :) A scalper doesn't trade that way. Not to mention if the market gaps against him. He could very well have lost 25-50% of his total account. That is the reason why he doesn't show you his open trades. :p

Scalper in Trading Systems Mar 24, 2013 at 18:01

So don't say your doing this because you want people to make profit. Your winning trades which you hold for hours, are actually profits of 5 pips, but they were down as much as 110 :) I took the time to look at all of your winning trades. Everything is there on the charts. People this guy is a fraud. Yes his profit is real, but he is using martingale which will only work in a strong market. Watch how much money he will tie up if we get a 500 pip spike and no reversal. Or how much money he will lock into a trade if the market ranges :)

Scalper in Trading Systems Mar 24, 2013 at 17:58

Pipstrader actually my intent isn't to post negative things about your system. I am simply stating a fact. If someone truly is worth buying. Why would you charge only 500usd for it. It makes no sense. Why not just have everyone follow you via a PAMM account, so this way you can KEEP profiting from your EA :) Not to mention you aren't using any magical EA. Your simply playing against the spike of each and every pair. Your using a form of martingale at about a 10 pip range. Say eur/usd spiked 30 pips in 2 mins. Then you will place a short of .9 lots which is around 164 dollars. If you d...

Scalper in Trading Systems Mar 23, 2013 at 14:46

One other thing. Please look at his winning trades. What scalper you know holds positions for hours, or even days at a time? What his ea is doing is using small lots to go against the overall trend of the currency pair.As his system enters trades, he continues adding positions as the price goes against him. Eventually the market settles back in, resulting in him to go back into green. Yet to hold a position for 3-4 hours only to make 5 pip profit is pointless. That is scalping at all. Yet, because he is placing so many small trades, eventually when the price comes back to his original order, h...

Scalper in Trading Systems Mar 23, 2013 at 14:36

Verifying the account in no way has anything to do with his results. In order to post his results on myfxbook. He must know the account number and password. Verifying the account would simply mean he enters the password given by myfxbook into the mt4. Its that simple. As for selling the system. If the system truly works. Why would you sell it for only 500 usd. Why not sell it for 100k usd. I am sure there is much more to the story here. Yet we will never truly know what it is.

Managed Accounts in General Mar 18, 2013 at 01:46

pt49 what is wrong with living in a third world country?

Managed Accounts in General Mar 17, 2013 at 15:00

Aragorn your a jerk. No one wants to steal your stupid algorithm. The market trades in patterns and its very easy to see it. If it is on high or low time frame. If someone reverse engineers your setup what does it matter? As long as you make money from it that is what matters. As the doctor said. If your system is really that good, you should easily be able to deposit 25 dollars and compound it.

Managed Accounts in General Mar 16, 2013 at 21:18

I dont know who the doctor is. Nor am I interested in what the other trader is doing. No need to hide your results or want to pm people. Post it on myfxbook for everyone to see.

Managed Accounts in General Mar 16, 2013 at 17:35

Now that guys mechie pamm is very interesting.

EURUSD	1.06734	GBPUSD	1.26625	AUDUSD	0.6597
USDJPY	157.269	USDCAD	1.37767	USDCHF	0.89156

Posts by BellaVista507