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Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 15:38
OK so it costs about $250 to get the whole job done, interesting insight, I thought it was more like hundreds of thousands, lol.Seriously guys... William Morrision, if you're reading this, shame on you man for that $79.00 monthly fee... 3 months subscription fee from ONE customer and you could make an entire new bot completely from scratch, one that makes money, not marketing bullcrap to turn you into a fatcat overnight, but I've said enough on this topic, I'm better off trading, see you all. 😄
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 14:12
I have traded with Dukas once they opened the doors to retail traders ($5.000 account) but in all fairness the spreads aren't that spectacular. But, they have acquired bank status and if you're worrying about security of funds, this is the way to go. The liquidity of depth, I'm not sure since I rarley trade more than 1 standard lot, so I can't tell because I don't really have monster volumes at stake... orders were filled with no big issues as far as I can say, but I ended up migrating.Truth is MT4 brokers are more flexible in that you can use EAs as well, but finding one t...
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 13:43
Nope, demo will give you zero slippage, no requotes, and often even the spreads don't match with the live quotes. Bridges will only slow you down and with MDP every single ms is vital. This is one strategy where you have to go live and see if the broker's servers can handle the EA's loads, but that has been amply said here and elsewhere...
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 13:32
Forgot to say... the Fap Turbo was coded for JForex already, I think it's called Fap Turbo Evolution or something... no I didn't buy it but I know it was a big failure. But then again, the "asian" spreads at Dukascopy ain't that much either.Truth is C++ and Java are two different beasts entirely, but a very good programmer could nail it down.
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 13:25
Yup could be. But I think unless there's a big developer's team behind the project which I doubt, it's more like William alone came up with the strategy, coded it and then went on to the marketing team to do the rest. The coding alone doesn't take long (you still have to backtest and optimize, that takes longer).Sure you then have servers costs, matainance, tech support etc., but I bet these guys have sold hundreds of thousands, maybe millions of copies already. I read somewhere that Fap Turbo had millions of units sold, the math is simple... the cost is amply covered by the li...
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 12:01
I'm not whining, I'm laughing myself off, but like I said, if you can't figure out how to make this nice piece of EA engineering work on your own (because it's no doubt a nice EA in how it exploits volatility spikes, the idea works), you obviously have to pay big bucks to the developers team. Go ahead, I think we can live in peace with that. As for me, I have found the right broker/settings combo after a bit of pain (i.e. lost money on brokers slipping me and delaying order modification, etc.) and long hours of due diligence around the net working my butt off.A final note, if y...
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 11:13
FGB has not released an update for a while now, and they're slower to respond to mails (FGB is a great bot indeed). But, it's very clear that they are pushing on MDP as it's the hottest thing right now: now they're adding upsells, "exclusive" updates to squeeze the last dollar out of it - until the next EA. If they concentrated on making great bots (and they're able to) and stopped the crap, I'd be more than happy to even pay more than $99 bucks for the EA. The rest is disgusting.
Million Dollar Pips
em
Sistemas de Negociação
Oct 26, 2011 at 10:58
I'm really laughing my ass off at the people who will be giving away another $1000 a year to this crook. Wake up, it's all out there for FREE if you look close enough and search around doing your homework - finding the right broker combo and realizing how each parameter interacts with the EA's inner logic is a question of trial and error: the rest can be tweaked easily to your likings if you have just a very vague idea of MQ4 coding (this last point here, I admit I have to work on it as it's the hardest part for me).This guy will give you nothing except introducing you to some ...
Million Dollar Pips
em
Sistemas de Negociação
Oct 25, 2011 at 23:44
I'm not so sure. I've sent him a mail and this was the answer:HI,You will get an extra licence, exclusive updates and other value items. "exclusive updates", I'm moderately sure he'll provide updates to the subscribers only. Would be very dishonest, imho.
Million Dollar Pips
em
Sistemas de Negociação
Oct 25, 2011 at 23:09
You can make money bya) trading (either a PAMM or your own account)b) developing new software / profitable signals / trading methods, andc) pushing marketing crapThe author was good enough to develop a nice EA (doesn't always work, but still makes money) and has now turned into point C, which is at the very bottom of the scale. This service will add you nothing, and if he provides updates to subscribers only, well I'm sorry to say he's a crook (and possibly, breaches some terms of subscription, he's bound to deliver free updates to all EA buyers).This is forex, if it's not ...
Million Dollar Pips
em
Sistemas de Negociação
Oct 25, 2011 at 22:19
The perfect way to turn a moderately good EA (under some circumstances) into an immense pile of marketing BS, shame you vendors. And for those who have joined, you'll be forking out $79.00 x 12 = $948 bucks a year (!!!) for two or three useless gimmicks and broker advices which can be found for free round the web if you look close enough.
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