Forex Robots - legit or scam?

[fapturbo]

Fap if you`re still around do you have any forward results or for/against comments on your system since going live.






.

I am still around. It appears I need to moderate what I post to some extent because apparantly I am spamming and trying to sell/promote.

So I'm unsure as to what is allowed to be posted with respect to this EA since it is a commericial product. I'm not trying to promote. I'm just putting up my personal experiences. That's it.

I am curious, if I was posting comments and statistics and charts with respect to a free system/EA would I have been moderated?

 

[Wysiwyg]

I am curious, if I was posting comments and statistics and charts with respect to a free system/EA would I have been moderated?

I think the reasoning is because there are re-sellers and spammers that turn up from time to time and try to promote their commercial product. This is not allowed and not saying you are.Your avatar and some comment may appear as such.

 

[fapturbo]

I think the reasoning is because there are re-sellers and spammers that turn up from time to time and try to promote their commercial product. This is not allowed and not saying you are.Your avatar and some comment may appear as such.

Seriously, do you really consider me a spammer?

I have tried hard not to blantantly ramp the product as such and post more about the way it operates and the technical aspects of it.

How does a couple of charts showing the entires and exits promote the product. I'm still confused. Never mind. I will obey the rules.

Do you see me linking to promotional websites or clips etc... As if I could be bothered. I'm merely alerting those that have no idea that such things exist.

Sure many of these so called EA may well be scams, at the end of the day we are all grown up adults and we all make our own minds up about what is good and what is bad. We all decide to press the buy button or we don't. Same when it comes to buying shares. We all read about this person saying these stocks are good for the following reason..... blah blah blah....

I would rather have a mechanical system that works.

For someone to come out and say something is garbage, this does not work for this reason without even trying the system or even having proof that is does not work is talking garbage in my opinion.

Having clear entries and exits is critical in any system that someone decides to trade. Whether it is Equities Markets or FX Markets. There is software available that you can be used to test systems which have clearly defined entires and exits for equities markets. I use such systems on equities markets also.

Using those entries and exits and running them through a piece of software and testing them over historical data is one way to develop a system to make sure it has worked in the past. Just because it has worked in the past does not guarantee anything in the future. I know for a fact that I would rather use a system that has been tested over years of data as compared to using a system that has not.

Another way is to develop it over many months or years of forward testing and doing it manually.

Please tell me is this post considered spam?

 

[Wysiwyg]

Actually if I had a hidden agenda it would be to find out the truth about EA`s.From the present investigation I`m conducting the majority of them are useless.But!These useless EA`s can be useful??

The EA`s that open a buy at the top of a trend and open a sell at the bottom of a trend are excellent contrarian signals to enter the market with real money.When the signals open I`m on the lookout for an opposite entry.

Obviously from the EA trading championship it can be seen that (in that comp. time) there are auto-trading systems that work.

Now if anyone with computer programming skills wanted to make some big money they could do no worse than enter a comp. and finish in the top three.a) they could trade their system and make money and b) they could sell their EA to make money passively.(with a 1 month trial option refund of course).

 

[Wysiwyg]

Seriously, do you really consider me a spammer?

Me .... as most, am interested in genuine EA`s and thus sorting the wheat from the chaff.

 

[fapturbo]

Me .... as most, am interested in genuine EA`s and thus sorting the wheat from the chaff.

Yes there are some who have genuine interest and for very good reasons.

There are also others who just want to say this does not work because this and that without offering any evidence to support their claims etc.

 

[fapturbo]

I supposed I am spamming by putting these scanning results up also eh?

 

[Wysiwyg]

For forum rules please refer to the very bottom of this page re ; Code of Conduct, ASF Posting Guidelines and Terms of Use.

You will find most of the moderators are rational.

 

[fapturbo]

Fap if you`re still around do you have any forward results or for/against comments on your system since going live.

+67 Pips after three trading days on live account

Trading eurgpb and eurchf pairs, both on 6 Pip Spread.

Is this considered spam? Please let me know....

 

[BentRod]

Really?

Who with, Go Markets??

 

[fapturbo]

Just received an email from Go Markets stating that customers using FapTurbo EA will be temporarily unable to make trades.

Reason given. They are unable to hedge the position.

 

[Stormin_Norman]

does it get out and in too quickly?

maybe they end up with big spikes in their orders due to the EA and find it difficult to pass them along.

 

[white_goodman]

does it get out and in too quickly?

maybe they end up with big spikes in their orders due to the EA and find it difficult to pass them along.

they asked me specifically about FAP when i signed up 2 weeks ago

 

[fapturbo]

does it get out and in too quickly?

maybe they end up with big spikes in their orders due to the EA and find it difficult to pass them along.

That much is obvious.

It's ok if orders are entered manually but not if it is done by an EA.

Other EA's are allowed but not this one at the moment.

 

[fapturbo]

Some trades are open for up to 15+mins before being closed.

So not sure how long it takes to get orders filled....

 

[tayser]

lol @ GO Markets.

MT4 Bucketshop - too many people making money - what do you expect?

 

[Stormin_Norman]

FAP turbo's marketing has been so successful that theyve manoeuvred their clients onto a black list.

wonder how many copies are out there being run?

as an aside - go markets. what is their minimum deposit + lot size?

 

[fapturbo]

FAP turbo's marketing has been so successful that theyve manoeuvred their clients onto a black list.

wonder how many copies are out there being run?

as an aside - go markets. what is their minimum deposit + lot size?

They have no minimum account size and they allow 0.01 lot sizes

Supposedly FX market is the most liquid market in the world. What a joke.

I guess the EA works and makes money after all....Scam....blow me....

 

[fapturbo]

This is a good test for Go Markets.

It is obviously a liquidity problem that they need to sort out.

They apparantly make their money from spreads alone so to them it should not matter.

It is just a matter of getting the orders filled at the quoted prices I suspect

 

[Stormin_Norman]

They have no minimum account size and they allow 0.01 lot sizes

Supposedly FX market is the most liquid market in the world. What a joke.

I guess the EA works and makes money after all....Scam....blow me....

0.01 on a full account? so that's a 1000 order?

maybe it does, but more the problem is having a whole stack of people putting in an order at once. for a smaller broker, especially in OZ it might be hard to get those large spikes farmed out without losing money.