I want to get expert opinion on this. Is this the work of EA or manual trade?
I am not an expert yet. I have been studying Forex for 5 months. I have gone past demo trading. I have tried copy trading social thing, but never worked. I lost $200.
Since then, I could not bring myself to trade on a live account until I saw my cousin’s live account balance and trade history. It was amazing how he is making so much money when he barely started learning Forex few months ago.
Turns out he wasn’t the brain behind the trades. He introduced me to this guy and I contacted him. He asked me how I found him. He wanted to know how much I have to trade and that he does not work with small deposits. Well, as long as I don’t have to send him money, I was okay with it.
I funded my account and gave him investors password. But then he sent me some files and asked me to install on my platform. I contacted technical support with my broker and it was installed for me.
That day, nothing happened. The next day, I saw orders being opened from left to right. my fingers crossed. I think some of trades lasted till the next day. Within 24 hours trades closed at profit except two. It was amazing. $107 dollars in profit. Damn! Here Did he do it manually? or was it the thing I installed? I have no idea. He would not tell me, just said it’s an EA.
After that day I waited for more trades to open but nothing. two days later I wrote to him and he told me is unable to execute trade on my account because it is being blocked by the broker. He Recommended I switch to another broker and also I should increase my capital if I really want to make money.
So I withdrew my money and switched to another broker. Withdraw came through three days ago. I verified with another broker and put in more money. then he sent me the files again and it was installed.
Yesterday, trades started opening again. This time, profit was $1029. Just like that. See the screenshot.
Again, was this really done by the robot or they did manual trade. Are there really EA that gives profit like this?
They asked for 30% of the profit by the end of the month in order to continue using their services. I must agree to the deal before they can place further trades on my account.
Has anyone ever used services like this? Does it last? Looks too good to be true. I need expert opinion.