Developers claim that their robot has turned a REAL Money account from $5,000 to $118,000 in 15 months. This robot designed to trade the most popular currency pair EURUSD, but will work on other pairs also such as GBPUSD, USDJPY and EURJPY.
The backtest of this robot show great and stable results and big profit on a long term. Besides, drawdowns are very small. Full results of my backtest you can see here: Mark Larsen's Forex EA Lab
I already placed this robot on my VPS server for forwardtest. Results of trading you will see later.
FX Zapper is a scam EA from the “developers” of old scam called FxBrokerBuster. As you remember FxBrokerBuster was stolen from the free EA called Donchian MA Scalper from the Elite section of funyoo’s tradingsystemforex forum. After 4xProject busted the scammer he decided to stop the sales and came up with new idea…
Imagine what happened? He simply took another free EA from poor funyoo guy and called it FX Zapper. The free EA was originally called Xbars MA Scalper (Xbars MA Scalper)…
This week we have a whole bunch of Forex scammers that were busted.
First FXZapper came out that turned out to be a stolen copy of
Funyoo’s XBar EA. The EA was “created” by the same scammer that came
up with FxBrokerBuster scam few months ago.
Then two more scams were busted. Multivers and EAKAIN Scalper turned
out to be a copy of the old Dragonpips (also known as ForexShocker,
Forex Bling or THUNDER4WD free EA)
You can read the funny story here:
This guy is talking about evolution…
One more fresh scam - Forex BigCat EA which was “inspired” by the EURONIS code.
WHAT IS FOREX SCAM?
Forex scam means that the code of the expert advisor is not genuine,
it was stolen from another EA. Here is what scammers do: they find
free EA with a good backtest on public forums, rename it, put the
trading logic into DLL to hide it and release as a new $97 robot to
gather some pocket money from forex newbies.
On the other hand If the EA does not trade well that does not mean it
is a scam. All EAs have periods when they perform better during the
certain market conditions. There is no EA that can perform the same
during 10 years. This is a myth.
So beware guys and don’t forget to check out my reviews before buying anything!
This thread reminds me of something along the lines of what I posted quite some time ago on another thread that I don’t even remember.
Develop your own successful manual trading strategy. Then, if you want to automate it, learn the MQL programming language and code your own EA – or hire a professional MQL programmer with verifiable credentials to code it for you. This is exactly what I am doing now. I am now into the second or third month of my EA development project and suspect that it will be many weeks or months before I would have the confidence to cut it loose on a live account – even a small one. Many months of forward demo testing will occur before I ever trade live with it. I will not back test it with MT Strategy Tester. That type of back testing is worthless – especially with an EA such as mine whose core logic is driven by current price action, i.e., every tick. It is impossible for MT Strategy Tester to model every tick with 100% accuracy. Add into the mix specific daily time frames for trading and a host of other time-dependent variables and back testing becomes even more nonsensical.
Any sophisticated computer programming project requires a long time line to complete the full cycle of concept, analysis, design, coding, testing, debugging, and final implementation. None of the garbage peddled for $97 via Clickbank or other commercial means that I have seen appears to be the result of a truly professionally undertaken project. Mine will be. And if I ever end up with an EA that is profitable over time without severe drawdowns, believe me, it will never be for sale. I will be the only one to trade with it. In addition, perhaps, I might offer to the public managed trading accounts for a percentage of the profits generated by my EA.
How can i get a programmer to design a good EA for me, and is it advisable to trade with EA than to trade manually, i mean trading from your own experience.plz do reply.And how can i get fabonacci
Today in the internet, you can find a lot of suggestions to create your own EA, many programmers do it for money…and I think you will not have a problem with searching in that way.
About Fibonacci… you also can get all information about EA’s, which use Fobonacci strategy, exist many free experts with it, but if you want to create your own system and don’t know mql programming, of course you should find good programmer.
