MIDAS1 Discussion

MyLiveEA posted:
    <quote=MyLiveEA>
1) Well I have to say I have many doubts that what you have on these tests is real money.
2) Yes FxBook can be hacked not a easy job but certainly doable.
3) One of the main reasons why has to do with a answer to a email question I sent to Midas. It was very apparent by Midas answer that they knew nothing at all about EA(s) or trading.
4) However if what you show on fxbook is true which I very much doubt it is then you would blow your account many times over.
5) Do the math you see very very few people have a EA that would make 40% a month after month.
6) And if you ever had a EA like this you would never sell it or lease it to anyone.
7) So one or 2 things is true here
7.1) Your ea makes lots of money but blows the account at least as much as it makes or
7.2) the EA does nothing and it's all a clever fabercation which I believe it is)

8) Now to back up what I say here so some of the people reading this will not be conned into giving there money away look at this example.

start with a $5000 seed end of 1 month of tradind is
$ $9800
$13720
$19208
$26891
$37647
$52705
$73787
$103301
$144621
$202469
$ 283,456 1-year

The above is with a EA that only makes 40% per month at the end of only 1 year you would have $283,456
in 2 year it would be high in the millions and remember only 40% per month.

9) Now your tests show even more than this but my point is very simple no one that has a EA that can do this would ever put it on the market.
10) You keep EAs like this and tell nobody for obvious reasons that if you were to market it in a short time it would not work anymore so it's just very basic common sense people . Do not be fooled by these guys or anyone claiming such a EA..
11) This is why most people loose in the Forex market like 99%.
12) They never have the odds stacked in their favor and they believe most anything that sounds too good to be true.
13) These people would never market a EA that does what they say.

Best
Randy

I have numbered your points and my response to them below to make it easier for the readers to ensure they can make their own educated and informed decision. Please bear with me people, Randy likes to write. lol

1) Looking at MIDAS1's page you would have seen it is shown as Demo and not Real, so your doubts were correct. We have various tests running on other accounts both with real money and demo! Just search MIDAS you will also find that we label MIDAS also as Low Deposit Doubler and Set-time, as these are strategies our customers can apply to the same robot, as we do not churn out robots for sale with every strategy designed, we just add value to our existing customer base for life!

2) Don't appreciate you insinuating that we might be hacking Myfxbook!

3) Ah yes I remember now, Randy Muscarella requesting details of our programmers. Having pointed you in the right direction thinking we were helping to never hear from you again! Without quoting all your email, I thought this paragraph from it is apt to publish here - ....'I tell you I almost flipped when I saw what your doing as it's the same I will do. However I will ask for more money. You guys are way underprice for what you offer. If your EA does what my EA does you could easily get 500 gpb per month.....'

4) True, and yet it's not blowing this account!

5) Good to see here that you actually agree that high percentages can be achieved.

6) And yet we are! We decide how we run our business.

7.1) see number 4
7.2) Your entitled to your opinion. Our continued, growing and loyal customer base however begs to differ though.

8) Good to see your doing well at over 70%+ per month with yours!

9) See 6

10) See 8

11) see 7.2

12) If I may quote bestselling author Richard Carlson who once wrote: 'The old adage, 'If it sounds too good to be true, it probably is,' isn't always correct. In fact, the suspicion, cynicism and doubt that are inherent in this belief can and does keep people from taking advantage of excellent opportunities.'

13) see 6. Also without quoting your email again, I recall you asking for programming protection so that you could sell yours!

Thank you Randy for raising your points in the public arena and good luck with your continued achievement of 70%+ per month with your 'private' EA. LOL 😉

Please get in touch if you need any other advice, you know where to find our Help Desk.

From the team.