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.
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, he has about 20-30 lots in his favor. Mind you his avg lot size is .9 :)
You guys who have small accounts won't be able to survive this form of trading. As if his account balance is 40k usd and he is placing .9 lot sizes which is less then .05% of his total account balance. you guys would margin call in no time.
Bella vista for your kind information my return is about 490% so for me i can bear some trades to go for hours and i m selling it in 500 usd coz i want people to get profit of this market too. No body in this world sell things for massive amount why signals services are of 100usd per month or why big ea developers selling ea for just 99 or 299usd tel me. You are just here to put a negative view of it. If you are not finding it good than dont check my profile. And please dont assume things on ur own
pipstrader posted: Bella vista for your kind information my return is about 490% so for me i can bear some trades to go for hours and i m selling it in 500 usd coz i want people to get profit of this market too. No body in this world sell things for massive amount why signals services are of 100usd per month or why big ea developers selling ea for just 99 or 299usd tel me. You are just here to put a negative view of it. If you are not finding it good than dont check my profile. And please dont assume things on ur own
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 divide 164 dollars (the price of .9 lots) into 40,0000 (your avg balance) then multiply by 100. It will give you the % of your account your using. So basically your first order is .004% of your total account. YES less then 1% of your account. If the first order fails by 10 pips, you then add another .004% and so on and so forth.
Due to your HUGE equity, and tiny avg position, you can affored to keep going against the trend. As if eur/usd goes against you 1000 pips you would simply be down 41% of your account (.0041% is his avg lot size) times 100 which would be 1000/10. :) Of course a 1000 pip turn around is extreme. At which point point you would be avg a 90.00 lot size :) Which means if the reverse begins at that point. You will be making 900 dollars per pip as it heads back to your your original position.
So if you find a way to hold it for 1000 pips, you would of turned a 40k account, Although you were down as much as 41% into 900k profit. :) That my friend is basic math by breaking down your trades. There is no EA needed to do that. Well I mean it is a smart idea to do that, yet the reality is the avg forex trader trades with 2000usd. He will never be able to place an order in the blocks which you do. As .004% of a 2000usd account is 8 usd :) He would have to trade using about 2000:1 leverage and entering block orders of .01 lots which is only .67 cents. per .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 :)
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