Emerson Duhart of Pennsylvania has been selling his EA for $3K and now its on Ebay for $995,the very same EA and people have been paid $3K feel cheated as the EA has not performed as advertised and people have lost their live savings trying to make some monies with this EA.A lot of folks have asked for refunds but Emerson has refused refunds with poor excuses.And he keeps selling it despite that the EA has flopped and he needs to be stopped.
This is to alert everyone that to be very careful in dealing with him at all as he is a smooth talker and that his EA has not performed but has been in negative territory since Jan 2008…
Also read what others are saying about scammer Emerson Duhart
I hope I’m not too late in warning you about this, but don’t blow your $550 on this scammer! Unfortunately I’ve learned the hard way. $550 is a lot of money to me and its gone. Emerson Duhart is a bit of a paradox - he seems in every way as someone who wants to help and is truthful. He will talk with you on the phone to answer any questions and he answers his emails. However, what makes him a paradox is that he does all those things and SEEMS to be a quality, good guy … but he is a LIAR and SCAMMER. Well, maybe in his delusional mind he thinks his system is great. And maybe he also somehow in his mind justified the way he has lied to and cheated people. Either way, he and his system are not as advertised. Here is what I am talking about:
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He has claimed his system made 20 - 50 pips a day. However, in the approximate 4 weeks I was in his chatroom/trading room, I rarely ever seen a day in which it made the minumum 20 pips.
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In his trading room he would almost never tell the exact price he would enter or exit a trade. He would just mention he was entering in a trade and would mention he was exiting a trade. Afterwards, he would say how he “made 15 pips”. The problem was that I neve knew for sure if that was really the case because I didn’t know his exact entry and exit points.
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In the cases he DID mention his entry and exit points, he didn’t include the spread. Therefore, if for example, he said he made 10 pips on the gbp/usd, he actually made something like 6 or 7 pips (depending on whatever spread he had). So he tried to make his trades look like they made more than they did.
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He advertised he would be in his chatroom/trading room making trades between 2 am est - 12 pm est. The truth was that he actually was in there only 2 -4 hours per day (instead of the 10 hours he claimed). He would usually trade about the first 2 hours of the London session and then take a break, come back and trade approx. the first 2 hours of the U.S. session. If his system was so great, then why would he not stay the entire 10 hours and make the maximum numbers of pips he can possibly make? After all, it was supposedly a “great” system, wasn’t it??
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In his advertising he says there are “no further fees” after purchasing his system. His advertising said this also included the use of his chatroom. However, a few weeks after I joined, he said everyone will be charged $550 once each year to stay in his chatroom. So much for his “no further fees”!
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He claimed he would refund anyone who wasn’t making money with his system, but that was a total lie! There is a member at the talkgold.com forum that tried to get a refund. He provided all the requirements for the refund, such as proof of trading, etc. Despite all that, Emerson refused to give him a refund! The guy finally got a refund, but it required going to his credit card company (or some other source, I can’t remember for sure) to get it.
I could go on and on about this scammer, but I think this thread at talkgold.com explains the whole story better:
Forex Independence - Talkgold HYIP, Investment & Money Forum
The thread starts out great about his system, but as you go through each page of the thread - and the REAL truth becomes known - it becomes another system that just does not work.
Topgun
P.S. - I need to be sure to also stress to stay away from his former business partners Hugh and Tex. They severed ties with Emerson and started their mown trading room. They are just as much a scammer as Emerson is. They are also talked about on the thread I mentioned above.
Why is the forex world so full of scammers?? ):
which one is better online forex scammer or offline? 
Fortunately, I never bought his EA. I didn’t trust the whole situation. He started selling it well before it had been tested and then used the first six months at least testing it every day online with people who bought it as it lost money consistently. This told me that Emerson was probably hurting for money (most likely from losing what money he had in bad Forex trades) and getting a few dozen people to cough up $3,000 to help him get back into trading himself to try to win back the money he lost. I have a pretty sensitive b.s. detector and every part of me was saying that Emerson was screwing people over with an unproven system. The only reason I got with Emerson to start with was the Todd Smith told me how great Emerson’s manual system was. Todd is now at least three trading systems removed from that system. I learned a lesson there and that is to never trust a recommendation without seeing consistent, verifiable results…
Who in their right mind pays $3-K for an EA that never performed as advertised and then no refunds at all and then th esame EA sold on EBay as a xmas speacial for $995???
And if you pay $3K,it should be a working EA and testing live and no backtets…and then ask the clients what to do with the EA??? What kind of EA is this???That you have to ask the clients how to code it…Also the EA was not the same as the manual…Emerson is a very poor coder though he claims he can code.He has stolen indicators form forextsd and sold them as his own?? Is this a con or what?? And if he is so successful with the EA ,why not post the broker acccount ststement…As the EA was losing monies big time…in fact 9 consecutive loser for 50 pips/time and all he said was sorry when folks lost their accounts…There are mnay who lost their shirt with this lousy EA…Emerson loves to talk on skype one on one ,that way he can sell
the EA to newbies with a dog and pony show and after he gets your $3K, he is sorry if you lose and dont mention refunds…
Emerson duhart has a chequered past and each time just changes the website and carries on the same con game…This is a warning not to believe things that Emerson says…The Positive Pips name should really be changed to Negative Pips
The Facts: Below is a direct correspondence between myself and Chantelle Bryden
Chantelle Bryden registered for my managed account program November 10,2008 she was sent instructions on what to do next after her payment
was cleared 11/12/08.
Chantelle Bryden
Sunday, November 23 2008 5:30am
Hi I would like a refund as I am not able to do this program due to personal reason, I maybe able to do this at a later date
I wrote
2008/11/23 Support <[email protected]>
–please do not reply below this line–
I will try to get the refund; as that money does not go to me but to a company that sets up the trading server that communicates with InterbankFx.com. I will put in a request; and should have an answer for you after the holidays.
646-827-9212
Emerson Duhart
She wrote:
Sent: Sunday, November 30, 2008 7:31 AM
Subject: Re: [#706877] refund
Thanks for your message, can you provide me with details of whom my money has gone to I understand it the weekend so I don’t expect a response right away.
Thanks
I wrote:
2008/11/30 Support-PositivePips <[email protected]>
I outsource my account setups to guru.com
She wrote:
Thanks for your link but what you have sent be does not make senes. I never gave you permission to give my money to a third party or that was never explained on your website. I wont my money back .
I wrote:
2008/11/30 Support-PositivePips <[email protected]>
It is not your decision who we use to facilitate services for our company; you paid for a service
which we are prepared to provide. Now you want your money back under circumstances we are
not obligated to comply as our guarantee is based on performance. I am trying to be understanding
of you situation however, you need to be patient.
She wrote:
At no point on your website did you mention the money was for a third party to set up a software, I was under the unstanding that the money was for trading only, and the the items you send me in the link was to help me trade. Please can you provide me with the contact name and number of the person who has my money, again I never gave you permission to forward my money to a third party. Nore is clear on your website that this is the process. I don’t feel happy about this situation at all.
I can understand it is the holidays so I expect you to response with the evidents. Monday your time.
I wrote:
2008/11/30 Support-PositivePips <[email protected]>
The fact that I hire someone else to handle some of my support and installation responsibilities
is really not information you are entitled to. I only told you because you asked politely. Anyway,
to be very clear with you; I need to tell you that you paid for something and are now requesting
a refund outside of our normal guarantee which is very clear at our website.
Again, I will try to get your money back; but you are not entitled.
She wrote:
Look please provide me with the evidents I have asked for. It is clear that you have no intention of refunding my money I will be taking legal action if this metter is not resolved, I have also come aware of scams you have been doing to other people. The money was for trading only not for you to set up any software. Your ad is missleading if you do not mention clearly what you plan to do with (my) individual money I am within my right to request a refund. And recieve a refund. I and in light of my finding I don’t feel I can trust you with my money.
Kind regards
I wrote:
2008/11/30 Support-PositivePips <[email protected]>
What scams? What in the world are you talking about? Have you seen my guarantee? It is very clear.
I was trying to help you; but I guess you want to resort to insults and “taking legal action”. If you would
like me to still try to get the refund from my provider; I will, but I will not tolerate unnecessary threats.
Kind regards,
PositivePips.Com
Emerson Duhart
646-827-9212
She wrote:
Emserson
No one is threating you at all, I am within my legal rights to mention and make clear how I feel as are you.When one is reading reviews on many websites of how you have scammed people, then one does get concerned. I will leave it for you to get back to me within 3 working days,thanks for your attactment I read it was great interest.
Kind Regards
She wrote:
Sent: Sunday, November 30, 2008 2:45 PM
Subject: Re: [#706877] refund
I am entitled if you fail to supply all the facts, also you failed you mention that you do not set up accounts on monday,so you held my money for nearly a week, from the date of payment, stating " you don’t trade new accounts on Monday"
I wrote:
2008/11/30 Support-PositivePips <[email protected]>
The fact that I hire someone else to handle some of my support and installation responsibilities
is really not information you are entitled to. I only told you because you asked politely. Anyway,
to be very clear with you; I need to tell you that you paid for something and are now requesting
a refund outside of our normal guarantee which is very clear at our website.
Again, I will try to get your money back; but you are not entitled.
PositivePips.Com
Emerson Duhart
646-827-9212
To summarize:
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I have not lied
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I am not a scammer
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This woman never even used the software; and even though I already paid my support staff to setup the dll link between her account and us so that we could trade it. I was still willing to put in the request to get her a refund; eventhough it was outside our guarantee policy.
-
She says that it does not mention on our website that a third party is setting it up. When it clearly mentions that:
taken from website
+++++
Not interested; or have the time to learn our system for yourself? Or, maybe you would like to jump in and start making money right away bypassing the learning curve and earn while you learn. Well, we have the program for you! With just $97.00 (we don’t even make any money from this as it goes into setting up the tracking server to be used so our trader can trade your account) you can join our managed account profit sharing program. Our TRADING TEAM trades for you! You do not have to do anything but attend our classes so you can eventually trade for yourself!
+++++
Note where is says:
“we don’t even make any money from this as it goes into setting up the tracking server to be used so our trader can trade your account”
Anyway, those are the facts; take from it what you will.
Emerson Duhart
646-827-9212
Not sure how this post got deleted; but it give a good timeline as to what happened:
It’s is amazing to me how people just throw that word around “scam”. Emerson, works very hard to provide us with a very valuable service. He has helped me and a host of others learn to trade properly.
I just don’t get it; when “some” people make false accusations. I feel sorry for people like this because it is unlikely they will ever be successful no matter how hard Emerson or anyone else that has tried to help them for that matter.
From reading this correspondence between Emerson and Cbrecruit or Chantelle; it is very clear that Emerson was trying to help her before she started threatening him with legal action. Geez, for goodness sakes he even answered her emails on a holiday.
Anyway I just dont get it. :eek:
===========
Hi, everyone; I just wanted to give my opinion here and not get into any
argument as I will only post this once as I feel Emerson is getting a bad
rap.
I told him about all the bad press and he actually told me not to even
bother to post anything on his behalf because he felt that the people
that actually use the software based on his instruction are successful and
know the truth.
I have been using different variations of his software since it only cost
$300 back in mid 2007.
I was very profitable but got greedy and started losing; but that is no
fault of Emerson. I called Emerson and he is always available to help as
a matter of fact he picks up the phone at odd hours; not sure if he really
sleeps.
Anyway he offered some suggestions and I have been digging myself
out of the hole ever since and this is directly attributed to his personalized
attention.
Many of his members being successful with the manually traded system
started requesting an automated version myself included; for a long time
he was against it because he said automated systems could not trade
better than a human. But eventually he gave in and started
programming it.
This EA became available the first quarter of 2008; some people were
successful some people were not because everyone was using
different brokers so the datafeed was different and there were a
few other bugs.
Anyway, I was one of those that were losing In January up to the
first week in February . But it started to pick up in March and I recovered.
I started to see the power of the EA; it did not take the same
trades as the manual system but it was still profitable.
We all had a meeting either in at the end of February or the beginning of
March because people wanted more trades.
Eventually, we all voted that Emerson should make the system more
aggressive; he told us that it would be risky but no one seemed to care.
So he programmed we ran tests together with us in the trading room;
sometimes he would actually let us watch him code in the webinar. I
thought that was pretty cool.
Anyway, the aggressive system never turned out to be profitable. But,
again I cannot blame Emerson because we all voted that he should make
it that way in an attempt to get more trades. The GREEN EYED MONSTER
struck us all!
Well to make a long story short he reverted back to the conservative version
in September and now I am averaging at least 50 pips a day and am happy
again.
I think anyone curious about the system should at least take a free demo
which he offers through his free daily webinar training session. It costs
nothing and you can see how powerful the system is by yourself and the
many upgrades that have happened recently.
Another, thing I feel that needs to be said; in the Forex game no one offers the
level of support he does and is willing to put himself on the line everyday in the
webinar giving complete transparency and “live” support of his program. The
other packages I have signed up for you would be lucky to get someone to
answer your email in 72 hours.
Anyway I have said my piece; and I hope Emerson doesn’t get mad because he
didn’t want me to post anything.
If you have any questions please feel free to contact me by PM
I have emailed and called Emerson Duhart at the number he posts here to resolve a business deal where he has negelected to settle up with me. At first I was told in a courteous response that Emerson would make payment to me. But nearly three years later I now receive no response.
I too would not trust Emerson Duhart. I would not recommend buying his Forex software system.
Regards,
Richard Burge
You sold me on a bad hard money lending deal on a property (1 family house) that I co-owned in Pennsylvania. I paid you back more than you deserve; [B]this does not even have anything to do with Forex[/B]. Go cry about your predatory lending practices somewhere else.
Emerson Duhart
PositivePips is a Scam!!
“Amazing! Discover the breakthrough Forex trading software and system guaranteed to signal at least 400 PIPS per month every month!”
Positive Pips.com owned by Emerson Duhart is nothing but a big scam and a lie.
After paying $3-$K for the EA which has not performed since Jan2008,ther is no refunds.No Refunds period.
Almost all that used the EA has lost a considerable amount on believing that Wealth will be
transfered to your account instead it has filled Emerson Duharts account .
Emerson is very smooth,cool. monotoned talker and entises newbies in forex to hand over
$3-4K for a EA that has lost monies but he induces you with backtests results and phoney
performance reports. This man is unethical and immoral in selling a dud to newbies.
Now as a an Xmas special it is also being hawked on EBay for $995,its th every same EA
even though Emerson claims that it is inferior to the $3K EA which has bombed.
So its inferior to an inferior product??
There are many forums with Emerson shady and spotted past history and each time he just
changes the website name and carries on to prey on newbies in forex.
There are no live account statements to verify his claim and for the EA to work,you have to
be in a webinar everyday and sometimes starts at midnite and if you are not in the webinar
you will lose anyways and now there are 6 strategies to choose from and it has now become
a dog and pony show…and it is to further confuse the newbies with smoke and mirrors.
Emerson loves to talk on Skype to hand over $3K,he is very good at this and then bamm you
lose all your monies and he will say sorry that the markets are not behaving lately.This has been
ongoing saga since Jan 2008 and no end in sight to a losing EA…
He made me remove my complaint before he would refunded my money, and even then he did not refund via the way I originally paid. I see he still has my old complaint on this thread which he edited. I am lucky I got my money back, I guess he wanted damage control, so he paid up, late I may add, I know he on Youtub and Daily motions, I suggest we all have a duty to all our forum to let know the guy is a fraudster. I don’t know if we can let the Forex peace Army know about this guy. There seem to be a lot of scams lately anyone hear about Pipleader that it is in fact a free EA called divergence which I am currently using,(great EA) just google divergence, if you purchase pipleader contact clickbank and request a refund. For more info I suggest you go on the forex Peace Army website, There more story about free repackaged EAs for sale.
yes, the one post above is right on. Emerson uses very monotone, calm, easygoing conversation to appear as though he’s professional and polite. But he lies all the time. As a good liar, he’ll try to convince you that markets have change, or his status has changed, and that he’ll make good on his promise to you soon enough.
. But he’ll string you on this for as long as he can or until you give up. I email him once in awhile over 3-4 year period, and each time he was very polite in that he would make good on returning my money.
I keep in touch just to confirm that he won’t pay, so in essence my efforts proves his lies for years on end. I know other people that have been burned by Emerson Duhart. Many peoples stories are similar.
But as long as Emerson keeps changing his company name, going to other web portals to sell his junk, he will continue to take advantage of future newbies. IF you want to stop Emerson Duhart, you’d have to take real motivated steps. I’ve use this method on others, but with Emerson, I just report to consumer advocacy sites. My transactoin happened so long ago that it would be too hard to pursue.
some people have and do read my reports and if it helps any, so be it. But too many more future newbies will get burnt until some authority or similar puts an end to Emerson’s fraudalent business practices.
Thanks to all who took the effort to make posts warning us about Emerson Duhart.
Regards,
Rich Burge
Hello all Newbies,
Please be very aware when dealing with Emerson Duhart,he sounds very credible and knows all the buzz words but the bottom line is that almost all that used his system in the past has lost a considerable amount of their live savings and when you demand a refund, good luck,he will give you the run around till you are frustrated and give up and he gets to keep your cash.His account statements are doctored to show massive gains but when you go live ,you lose big time,in fact 1 time he had 9 consecutive losses of $500.
Almost all have now found other systems and moved on and now he is recruiting new folks to entice and hand over cash.
At the least Emerson Duhart should refund the folks that requests it when the system fails,this is the unethical behaviour and gives Forex systems a bad name.
I hope this helps someone not lose their shirt with Emerson smooth talks about Wealth Transfer.
regards RumiGuru:cool:
AnakBaru /Richard Burge,
Please post your comments and alert all on other forums so that others can read before they lose all thier monies.
Thanks RumiGuru
This is to warn folks who maybe taken in by a smooth operator Emerson Duhart who was not long ago selling a bogus EA for $3-5K to newbies and all the forums had his number.
Now it appears that he has rebooted and now selling a signal service? Why does Emerson not trade his own signals and make his own monies trading? Where does he get time to defraud the public with lies and unethical behaviour and givinf forex a bad rap.
Here is what an accomplished trader has to say about signal services at FF.
Ask the signal providers to prove actual traded signals performance
What Questions to ask the currency trading signals provider
-
How is their customer service? Email them. How long does it take to get a response? Are they polite? Is their answer helpful?
-
How often do they call trades? Usually the less often, the more likely they are to be a profitable service.
3.Do they give money and risk management advice?How much position size to trade and what % of account size to trade.
4.Do they give live access on skype,msn,yahoo messenger etc?
5.Do they provide only trade entry signals ?or do they provide both entry and exit signals?
6.What currency pairs are traded?
7.Refund conditions if signals are not delivered
Avoid signal scammers
The only time a signal seller can considered is if he reimburses a buyer for losses as a result of signals Be smarter than signal seller is.Many Online signal sellers believe they are better than you are! Do not allow them to cheat you. The basic principle of scamming opportunity is to offer you exactly what you are searching for…a forex signal service a holy grail which will turn your trading into profitability,. Easy money for nothing. Signal Scammers know this fact and they will offer you a great income for only small investment from your side. Here is the hook. They are living on small investment but from several people. Yes they are able to make pretty nice cash but you are the person who pay their dreams.$10 a month is not a lot of money , but signal scammers get $10 from 5,000 buyers from example , it makes $50,000 a month for the scammer
Just search on google for scam services google.co.uk/search?hl=en&q=scam+forex+signal+services&btnG=Search&meta=
seller advertises trading signal service with a high success rate. 1000 people sign up to try it. The forex services send signals to 500 subscribers to go long on EUR/usd and 500 subscribers to go short on EUR/usd. Let’s assume that the forex market in fact goes long for EUR/usd. Now 500 people are happy, and 500 people are mad. The 500 mad people may quit the service (or they may give it a try for longer).Next month, the automated forex service takes the 500 happy people, and signals 250 to go long on EUR/USD and 250 to go short on EUR/USD. Again, let’s assume that the forex market goes long. Now, 250 are happy, and 250 are mad. Of course, the 250 mad people may still stick around, but the end result is, that the forex service has made 2 months worth of subscriptions from 500 people just by using the “flip-the-coin” algorithm. I would say that is a scam, wouldn’t you?
[B]Why i did not see anythings inside the web?
only email…?
[/B]
What is your query,please articulate ,I do not understand your confusion and what email you are talking about and what web are you referring to.
Do you have anything to do with Positivepips? Have you bought his EA and has wealth been transferred to your account? What email did you get?
Have you lost monies with Emerson Duhart?
He is now doing clickbanks program via Twitter and transferring wealth that way…
Also I see you just joined Babypips yesterday?
Please restate your questions more precisely? What are you confused about?
regards RumiGuru
i means about Emerson Duhart web did not
show anythings only the contact email…