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BellaVista507
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BellaVista507
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How I got RIPPED OFF by EXNESS...
in
General
Apr 03, 2013 at 12:53
Do you even know what a "bucket shop" is?
PAMM recommendation
in
Experienced Traders
Apr 02, 2013 at 18:30
I have been watching this pamm for some time now. http://www.myfxbook.com/members/mechie He has been running for about 4 months and has not come close to margin calling.
Is forex gambling?
in
Experienced Traders
Apr 02, 2013 at 18:28
Actually forex is gambling. Only because the definition of gambling is to take a wager on something in exchange for more then what you wagered. So if your wagering .01 lots or 100 lots. Or if your swing trading or scalping. We are all gambling.
Managed Accounts
in
General
Apr 01, 2013 at 23:08
I sure from controling my emotions. :) Well said my friend.
Beware of the "EA scam"
in
General
Apr 01, 2013 at 12:47
Well if you check out that guys "pipstrader" system discuss. It looks like now he has officially scammed someone. In that same thread I mentioned to people he was using a martingale system. So it cost someone 500usd to verify what clearly the history showed. No wonder he banned me from posting on his thread. I actually knew what he was doing and I was a threat. I hope no one else falls into this EA scam.
Managed Accounts
in
General
Apr 01, 2013 at 12:43
Well said PT... Its much easier for them to sell EA's then to actually trade. :p
Managed Accounts
in
General
Apr 01, 2013 at 07:36
How we are the morons to assume you have one? Your claiming to be a GREAT trader, when you've yet to link a real account. :) Which is why I have crowned you the DEMO GOD of myfxbook. Then your praising pipstrader. When all he is doing is trading in a cent account. In which he deposits and withdraws to keep his drawdown down :) That is the reason why he has not verified his account yet. :)
Managed Accounts
in
General
Mar 31, 2013 at 18:57
Aragornsystem. You don't even have a real trading system. Your a DEMO-GOD!
Beware of the "EA scam"
in
General
Mar 31, 2013 at 18:49
Well since I have been banned by pipstrader. I can not post on his thread. Yet it appears he scammed someone out of 500usd. Due to the fact that everyone has made a public rant about the issue. He then sent the person who sent him the 500usd "an EA" I can assure everyone the EA won't work. People are simply looking at his overall profit which is 850%. Yet why is his absolute profit so low? That is because his EA doesn't actually work. He pay earn 12k, which he then withdraws. Then when his next order gets hammered, he then re-deposits to prevent a margin call. Its said to se...
Beware of the "EA scam"
in
General
Mar 30, 2013 at 05:19
Your welcome. The main part is him hiding his open trades, and changing his password so myfxbook won't update as often as it normally does. That right there would reveal his scam.
Beware of the "EA scam"
in
General
Mar 29, 2013 at 10:45
We have a trader called "pipstrader" Here is his profile. http://www.myfxbook.com/members/pipstrader/scalper/503181 This trader is selling an EA for 500usd when his system shows he has profited almost 1000% using his method of trading. Besides the fact that if someone had an EA which could produce these results why would you sell it. The fact is this trader "pipstrader" is manipulating his stats to make it appear as if he is trading very well.1) His initial deposit was that of 12k dollars. Which was a very good deposit size. Yet what he is doing is using small lots, in bot...
EXNESS
in
Brokers
Mar 28, 2013 at 21:17
Well here is the best question to support exness. Does exness force you to enter a buy/sell order? Most brokers claim that EXNESS has cost them money. Yet when you look at the persons trades. The trader has a huge pip drawdown (as swing traders usually have), not to mention they have no actual strategy. Yes exness may have a 1.5 pip spread the all of a sudden it becomes 10 pips. Yet that ONLY occurs during NEWS RELEASES. Any experienced scalper or trader knows to stay away from a currency during that time. Exness is not the best broker for scalping, but they are not be blamed for your horrib...
Scalper
in
Trading Systems
Mar 24, 2013 at 19:39
Your finding it very difficult to defend yourself is what the problem is. You find yourself withdrawing, and redepositing only because your equity is getting low on certain positions. Which is why your absolute profit is less then 80% :p
Scalper
in
Trading Systems
Mar 24, 2013 at 19:29
You have never used martingale? Its all over your trade history. What do you call adding more or increasing lots after a certain amount of pips loss? Anyway to sum up this thread. If an ea can really produce 400% profit why the heck would you sell it for 500 usd :p
Scalper
in
Trading Systems
Mar 24, 2013 at 19:27
Im sorry I don't hold trades for 200-300 pips. Not your getting offended and deflecting from the issue. Your using .004% of your total account balance which the avg trader would not be able to do. So unless someone has an account as large as this traders. This EA won't work for you. As you will end up margin calling or blowing half your account. This guy also doesn't use stop loss by the way. :) So one massive news release and for sure you will be dead in the water.
Scalper
in
Trading Systems
Mar 24, 2013 at 19:25
Being it is an "open forum" I have the right to give my analysis. You also aren't calling for people to follow you here. Yet by posting your trades it allows everyone to see what it is your doing. I for one know exactly what it is your doing. Yet, numbers can sway people in the wrong direction. People have a right to know what little martingale BS your up to.
Scalper
in
Trading Systems
Mar 24, 2013 at 19:22
Also look at the difference between his balance and equity. :) A scalper doesn't trade that way. Not to mention if the market gaps against him. He could very well have lost 25-50% of his total account. That is the reason why he doesn't show you his open trades. :p
Scalper
in
Trading Systems
Mar 24, 2013 at 18:01
So don't say your doing this because you want people to make profit. Your winning trades which you hold for hours, are actually profits of 5 pips, but they were down as much as 110 :) I took the time to look at all of your winning trades. Everything is there on the charts. People this guy is a fraud. Yes his profit is real, but he is using martingale which will only work in a strong market. Watch how much money he will tie up if we get a 500 pip spike and no reversal. Or how much money he will lock into a trade if the market ranges :)
Scalper
in
Trading Systems
Mar 24, 2013 at 17:58
Pipstrader actually my intent isn't to post negative things about your system. I am simply stating a fact. If someone truly is worth buying. Why would you charge only 500usd for it. It makes no sense. Why not just have everyone follow you via a PAMM account, so this way you can KEEP profiting from your EA :) Not to mention you aren't using any magical EA. Your simply playing against the spike of each and every pair. Your using a form of martingale at about a 10 pip range. Say eur/usd spiked 30 pips in 2 mins. Then you will place a short of .9 lots which is around 164 dollars. If you d...
Scalper
in
Trading Systems
Mar 23, 2013 at 14:46
One other thing. Please look at his winning trades. What scalper you know holds positions for hours, or even days at a time? What his ea is doing is using small lots to go against the overall trend of the currency pair.As his system enters trades, he continues adding positions as the price goes against him. Eventually the market settles back in, resulting in him to go back into green. Yet to hold a position for 3-4 hours only to make 5 pip profit is pointless. That is scalping at all. Yet, because he is placing so many small trades, eventually when the price comes back to his original order, h...
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