familiar with Euro X2? Scalping EA

[RussellB]

Im looking for someone who has demo'ed the EURO X2 system from
http://forex-soft.netfirms.com/
Im wanting to know results of testing please.

Russell B

[scorpion]

Somebody claimed it's a scam, and i believe so. It's being used on free domain name (netfirms.com). Hosting is only $6/month, and the damn best system can't make that money for hosting? It's a SCAM.

[Ravique]

Let`s make this thread interesting, let`s run a little test. I will write an email to them, and ask them for a trading demo version, that would work for about 3 days, should be enought to generate lots of profit . If they will give one to us we will run a little test, and see everything for ourselves.Anyway, I am going to write them an email right away.

[Ravique]

Oops, now email of their administration. Anyway, let`s summarise:
- They use free hosting
- No back feed
- Don`t provide trading demo, only backtesting one
- We have people on our forum stating that software does not work

It`s looks like a 100% scam (my opinion). The results they give on the website are generated with Metaquotes backtester, but it is quite buggy, and it can show you a lot of stuff that did not happen.

But the funny thing is, that they don`t lie to you, you just have to read it until the end, there is a little article at the end of their page, wich speaks for itself:

FULLY AUTOMATED TRADE. This software products can HELP you to make profit on Forex, and our tests shows that this EAs have such profit potential depends on previous history. Try FREE DEMO & see it !

BUT:ATTENTION ! Demo is NOT working on live account, demo or real. It runs ONLY under StrategyTester of MetaTrader4, and is using for backtests only

[scorpion]

Nice investigation Ravique. It's a scam.

[alpin]

You mean this EuroX2? It's not working man, just like the other EA that I've bought from forex-soft.netfirms.com :mad: .

[jtMan]

I've downloaded it..and it appears to work great in the demo environment...but I'd like to find someone who has had success with it in a live environment...frankly the results just seem to good to be true. But if it's real...it's absolutely worth persuing.

[mnesbit]

It has no stop and leaves you with open trades which will kill you!!!

[vimaid]

DEMO MODE EuroX2 EA: I emailed Metatrader 4 support about the stops on EuroX2.. they replied that they were inherent in the Expert Advisor. There is a trailing stop (right click smiley face/expert advisors/properties/inputs) however it obviously does not work some of the time. I have been down 60 - 80 pips between the four trades it puts on losing me all the profit I gained in the previous 3 days (600 pips). There is no coding available with this so no means of putting in an actual stop/loss. I was disappointed that Metatrader 4 support said the author was not available so no way of posting some questions to them. It looked a very promising EA but watching it over a two week period it does appear quite unstable.

[bluto]

I've looked at the code to this thing and believe it or not, it's identical to the 10Points 3 EA. These guys have simply taken a freely available EA, given it a new name and are selling it for $99. Nice huh?