Time to move on…

Oh for sure MT4 brokers manipulate your trades. Some brokers are worse than others. It all depends. The sad fact is that only trial by fire can flush out those brokers who do this more often.

If you did back through my blog I posted something about a plugin some MT4 brokers may use to mimic trading desk behavior automatically. Pretty sneaky stuff. Then again this should not surprise most of you. Most brokers rig the game in their favor. If you trade manually you’re better off going with an ECN broker like MBTrading or FXCM (the no dealing desk option - Trade Station II). If you don’t mind doing a bit of work you can even link MetaTrader4 with some ECN platforms. You’d have to buy specialized software for this, but if you love MT4 (like me) enough that you MUST have it then it’s worth it.

Meh, I no longer care who’s who and if Andreas or Marcus are real. I’m moving on. I realize that they’re just clever marketers and that just that.

Lol..ok I won’t hold my breath…beside I don’t think I can make it for more than 2 min if I do. Heck if it’s a good EA I’ll pay for it After all I shelled out $97 for this potentially piece of junk forex autocash robot thing.

We shall see how my testing goes, but I have a bad feeling that this one is going to suck majorly.

5 pip stoploss? well, ideally i would set it to 1-2 pips but most brokers wont let you trade like that (except MBtrading i noticed)…also the MT4 apparently has a few backdoors in it where brokers can manipulate the price data it seems - but dont quote me on that, it was just something i read on some other forum….so the platform itself perhaps is not the way to go when trying to equalize the market - it would have to be a proprietary coded platform - as what is normally the approach for most institutions. Also those traders will close out a trade if it moves against them by a just few pips at the most….yes - a serious scalper would be the approach.

The scam of Andreas being Robin i noticed by accident when i went to visit the website that creates those talking people that pop up on some websites - i’m sure Marcus (or whatever his name is) is part of that crew as he was on a talking video as well - it was confirmed on youtube of FX SCAMS that exposed Andreas(Robin) etc….but im not really sure who’s telling the truth anymore to be honest!!

- if i do finally decide to do some coding again, i’ll take you up on yr offer for sure…but dont hold yr breath - i’ll probably end up paying someone to do it for me, then when it’s finished, i’ll just put it up as a donateware
product - ideally all i want to do now is to create some charity program to help the planet - somehow

Yes you’re quite right the marketing techniques are quite childish and poorly done. They do catch the clueless newbies though quite nicely. You would be amazed how quickly rationality can go out the window when greed comes on the scene. These forex products prey on the deep greed of people who think that they can get rich overnight by running some silly forex robot. At best EA are tools and not money machines - anyone who tells you otherwise and tries to sell you the moon is a dishonest and immoral scammer.

I very very much doubt that the letter is real. What law firm would risk being associated with something they know very little about. I bet the guy just took the name of a prominent law firm in his area and faked the letter. It is so easy to fake documents, some minor photoshop skills is all you need.

As for your EA, if you code let me know, I’ll be your guinea pig and test it lol. But um, 5 pip stoploss is a bit tight don’t ya think. You trying to scalp the heck out of a currency pair?

Learn MQL4 - that’s the language all these EAs are coded in.

NOW, having said all this, it’s quite normal for new brands to enter any market with actors playing some bogus role - major dept. stores for example will sometimes use these methods - but i certainly wouldn’t have thought using methods like this within the FX market would help credibility much…Their marketing people really need to go back to marketing school i think - such a ‘childish’ tactic when you look at it - nevermind - i’m sure they’ll get it right some day for their sake i hope…..!

- i think i’ll just go build my own with no more than 5 pip stoploss - then just give it away for free - that would shut them up for a while i think :)) For now i’ll have to either find a good C coder or go take some crash course in it myself…and that lawyer’s office still hasn’t responded - perhaps thats another bogus company?? OR they’ve just realized what’s gone down and have now lost face over this….and SO, the plot THICKENS….the case continues !

The people from your quote are definitely right about the risk.. it is BIG. This EA has a very large stop loss (650 pips) But I’m curious to see just what its success rate is. The stop loss can always be adjusted but the accuracy of its trades not so easily (at least not by users of this EA).

Lol, I should make sure I remember to keep track of the time so 60 days go by and I can no longer get a refund.

*What’s the verdict then?*

It doesn’t look good at all. The money management and risk is so
way out the window that it is mind-boggling and we just cannot
recommend the system any longer.

*What action should you take?*

IF YOU HAVEN’T BOUGHT THE ROBOT>>>>

There is no rush it isn’t going anywhere, let’s monitor it and see
how the authors respond.

IF YOU HAVE BOUGHT THE ROBOT>>>>

If you purchased the robot from our promotional emails, we suggest
you request a full refund before you risk too much.

(Yes, we lose all the commission, and will have to start saving for
our camera equipment again!)

Full refunds are easily obtained by emailing your receipt to
refunds@clickbank.com

FINALLY…

Once again, we are sorry for recommending something we did not know
enough about. Even though it is early days and we don’t have the
right to judge this product fairly yet, the little we know already
does not sit well with us.

Moreover, we have taken a firm decision not to promote *ANY OTHER
FOREX PRODUCTS* in the future. It has cost us too much credibility,
and quite frankly what we offer in the Traders Club is more than
enough to make a successful trader out of you.

Any other systems or products you want to add to your trading
arsenal is up to you, and we will not influence you in that regard
again.

Please accept our apology and we look forward to getting back on
track with the new long term system coming soon to members of the
Traders Club.

Regards,
James & Chris.