Hello everyone,
Many of us, myself included, have spent a lot of money on forex methods and EAs advertised by sellers on Telegram, TikTok, and Instagram. Often, these methods are quite basic and not very effective, with only a small percentage proving to be useful.
I’ve created this thread to share these methods and EAs for free. I plan to post details about 20-25 methods that I’ve purchased.
Here’s the format we’ll use:
- Name: [Name of the method]
- Source: [Where you obtained it, e.g., Telegram channel, TikTok, Instagram]
- Price: [The selling price]
- Effectiveness: [Is it effective or not?]
- Profit or Loss Made: [Details on whether you made a profit or a loss using this method]
- Summary: [Brief overview of the method]
- Attachments: [If possible, include the actual PDF, method, or EA, provided there are no copyright issues]
Feel free to contribute and share your own findings!
Advice: Never purchase any forex methods. Many of these products may not deliver the results they promise and can often be overpriced for what they offer. Always be skeptical of claims that sound too good to be true and consider investing in reputable and verified resources instead.
1 Like
Method 1
Name: The 5-Minute Scalping Strategy
Source: Instagram Forex Influencer
Price: $150
Effectiveness: Ineffective
Profit or Loss Made: Loss of $500 over two weeks
Summary:
The 5-Minute Scalping Strategy was advertised as a “secret formula” to make quick profits within 5-minute intervals. The method involves using the RSI (Relative Strength Index) and moving averages to identify overbought and oversold conditions. The strategy suggests entering trades whenever the RSI crosses certain thresholds while the price is above or below the moving averages.
While the method seemed logical in theory, it led to multiple losses due to its high sensitivity to market noise. The frequent trades resulted in high transaction costs, and the signals often turned out to be false, leading to poor entry and exit points.
Recommendation: This method appears to be too simplistic for real market conditions and is not recommended for serious traders.
Attachments: Unfortunately, I cannot share the exact PDF due to copyright concerns, but the summary above covers the core concept. They also shared a Paid EA which helps with automation, but it’s not working anymore.
1 Like
Method 2
Name: Prop Firm Account Leverage Cheat
Source: Online Forex Forum
Price: $250
Effectiveness: Limited Effectiveness
Profit or Loss Made: Inconsistent results, with small profits but some accounts getting banned
Summary:
The Prop Firm Account Leverage Cheat is a method that exploits the leverage provided by prop firms by opening multiple small accounts with different firms. The idea is to take high-risk trades on these accounts, leveraging the capital provided by the prop firms to maximize potential profits. Some traders use this method to hedge positions across different accounts, attempting to guarantee at least one winning trade.
While this strategy can occasionally produce small profits, it is highly risky and not sustainable. Prop firms are increasingly aware of this tactic and may ban accounts or deny payouts if they suspect foul play. Additionally, the method requires careful management of multiple accounts and is prone to losses if the market moves unfavorably.
Recommendation: This method is not recommended due to the high risk of account bans and inconsistent results. It’s better to focus on legitimate trading strategies that align with the rules of the prop firms.
Attachments: The cheat sheet cannot be shared due to potential legal issues, but this summary covers the core concept.
Method 3
Name: The News Spike Trading Method
Source: Telegram Signal Group
Price: $200
Effectiveness: Moderately Effective
Profit or Loss Made: Mixed results, with a net profit of $150 over one month
Summary:
The News Spike Trading Method involves trading immediately after major economic news releases, such as Non-Farm Payrolls (NFP) or central bank interest rate decisions. The strategy aims to capitalize on the sudden price spikes that often occur following significant news events. The method suggests entering trades in the direction of the initial price spike and setting tight stop-losses to protect against rapid reversals.
While this method can generate quick profits, it is highly unpredictable and depends heavily on market conditions and the nature of the news. Slippage, increased spreads, and sudden reversals can turn potential profits into losses. Timing is crucial, and even slight delays in execution can result in missed opportunities or unfavorable entry points.
Recommendation: This method can be profitable for experienced traders who are quick on execution and understand the risks involved in trading during volatile news events. However, beginners should be cautious and may want to avoid news trading due to its unpredictable nature.
Attachments: A detailed guide to this method cannot be shared due to copyright restrictions, but the key points are outlined above.
Method 4
Name: The “No Loss” Martingale Strategy
Source: Telegram Forex Group
Price: $100
Effectiveness: High Risk, Potentially Dangerous
Profit or Loss Made: Loss of $1,200 after a series of losing trades
Summary:
The “No Loss” Martingale Strategy is promoted as a foolproof method to recover losses by doubling the trade size after every loss. The idea is that eventually, a winning trade will recover all previous losses and produce a small profit. This strategy is particularly marketed towards traders who are frustrated with losing streaks and are looking for a way to always come out on top.
However, this method is extremely risky. While it might work in theory if you have unlimited capital, in reality, a few consecutive losing trades can quickly lead to significant drawdowns and even account wipeouts. The method does not take into account market volatility or margin requirements, making it highly dangerous, especially for small account sizes.
Recommendation: This strategy is not recommended due to the high risk of significant losses, especially during prolonged losing streaks. It’s better to develop a more balanced risk management approach.
Attachments: No attachments available. They took five live classes on Zoom.
Aren’t you concerned that doing this may cause serious legal/copyright problems for the forum?
I am. 
I don’t think so. Because we are not sharing the book or video directly.
Just the method.
Also, the sellers didn’t come up with the methods themselves. They are just teaching basic things.
Good luck defending a lawsuit on that basis! 
1 Like
Method 5
Name: The Fibonacci Retracement Strategy
Source: TikTok Forex Influencer
Price: $120
Effectiveness: Moderately Effective
Profit or Loss Made: Small profit of $200 over one month
Summary:
The Fibonacci Retracement Strategy is marketed as a powerful tool to predict market reversals by identifying key levels of support and resistance. The method involves drawing Fibonacci retracement levels between significant highs and lows on a chart and then entering trades when the price approaches these levels. Sellers claim that specific retracement levels, like 61.8%, are particularly reliable for entering trades.
While this strategy can sometimes be effective, its success largely depends on the trader’s ability to correctly identify the swing points for drawing the Fibonacci levels. The strategy also requires a good understanding of market context to avoid false signals. Beginners might find it challenging to use this method consistently, as it requires experience and judgment to interpret the signals correctly.
Recommendation: This strategy can be somewhat effective but should be used with caution. It’s best used in conjunction with other technical analysis tools to improve accuracy. Traders should avoid relying solely on Fibonacci retracement levels for making trading decisions.
Free EA: Along with the strategy, the seller provided a free EA designed to automatically identify Fibonacci levels and place trades based on the retracement criteria. However, the EA had limited success, with mixed results. It’s recommended to manually oversee trades rather than relying entirely on the EA.
Attachments: The EA file automates the Fibonacci strategy but is not highly reliable. Use it for learning purposes, but exercise caution in live trading. Can not share due to privacy violation.
Method 6
Name: Ultimate Money Method Hedge Fund Secret: AI-Powered AlgoTrading
Source: eBook by Tristan Chesnay
Price: $599
Effectiveness: Moderately Effective
Profit or Loss Made: Small profit of $1300 in two weeks.
Summary:
The Ultimate Money Method is an AI-powered algo trading strategy by hedge fund expert Tristan Chesnay. The book outlines automated trading algorithms designed to generate profits, with three routes based on your financial situation and time availability. Route 01 is ideal for those with sufficient funds, offering quick returns.
The eBook comes with a MT5 Expert Advisor as a bonus for news-based trading, though it’s no longer supported by the developer, but still working. (Seller basically cracked the EA and disturbed it.)
Recommendation: The method can be effective, especially for those familiar with AI trading. However, upgrading the provided EA for better support is advisable.
Attachments: The book is distributed as a Private Label Rights (PLR) product, however its not allow to share it for free.