familiar with Euro X2? Scalping EA

[Ravique]

Yeah, and they made some sales from it. Even if it`s only a couple, it`s 200$. And what make me feels sad is that there are a lot of people paying for theese kind of services on the net.
Probably, the reason is purely psychological. Profiting in Forex is so seducing, that many people stop thinking clearly. When they visit the web site of some service, they ingore all the red flags that are visible on the website, the power of their belive, and the will to profit in forex shots down the common sense, and that makes them loose money, but makes different bastards wealthy. Internet is a nice area for different kinds of scams, I`m not a pro in internet security, but being anonimous in internet is not a problem I think. But still, you don`t even need this selling forex-related products. You can post a good testing report, and write on the bootm of the site that this is made on historical data and the performance can be different in real trading. And still, people will ingore this red flag and buy the thing. Here you go, a legal scam sale.

[tommyjones]

Hi, I am one of the forex newbies who bought this program and started metatrading with 5000 dollar you can laugh a bit yes, but actually it is working rather good, or at least rather good for being a scam. The thing is running for 2 weeks 24hours/day, and there is not a single day that at the end of the day I ended with a loss. My balance after two weeks is 5000+3443 = 8443 dollars. I did played a lot with the parameters and the tester untill I found parameters that did not lead to many big losses. Am I lucky, or stupid, or ??? please let me know. I will also post here in case I reach 10000 dollar, because then for me this program is a succes, anyway lets see what happens.. good night

[gazuz]

Be aware that the market has different market types. I had to learn that the hard way with my CCI expert, it only works well during trendy markets. You may be able to win at one point but lose at another. I hope your positive trends keep going for you, however, I would take you your initial amount (5000) and run the expert on the profit you made. This way everything seems to be play money, you can only risk of having a net profit or breaking even

[vimaid]

I demo'd this EA for two weeks ($10,000). Did brilliantly for a while and then 4 trades just went ballistic and lost all the money made. Since then I have had the same problem... it makes money for a while then it puts on 4 trades and when the market goes against it, it just moves deeper and deeper into debt... no trailing stop or stop loss to curb it. I have tried putting in stop losses once I see it moving seriously into minus but doesn't really help.

A friend has a live account of $500, put on the EuroX2 and a few days later is now at $1000 but he changed the number of trades to 2 (not 4). I am wondering if it behaves better in a live trading situation!!

[adrazz]

Hmm sounds like too much of a risk to me

[bkdubs]

Hello,

I purchased it and what i recieved had a bonus of with a stop loss, I have been running the no stop loss on a demo account and has produced 1,000 on a 3,000 demo account. It would have been more but i stopped a couple trades that would have went profitable.

I will run the one with stop loss next week on a demo account before i take it live.

As for being not traceable in the word of forex, its not a bad idea if something happens and the purchaser decides they want to sue you for losses.

Brian

[Ravique]

Yeah, only it can be hard to sue an internet company, since most of the time web sites that sell something on the net are not registered, and not traceble.

[schuette]

Hi Guys,

I am running the above on $5000 demo account and after 1x month balance is $6852. Can some body please tell me how to change the number of trades in the
EA? I'm not sure how to and what are the steps. As Vimaid pointed out changing trades from 4 to 2 has led to better results. How do I change this in the EA ?

Many thanks and appreciate it.

[bkdubs]

when you click on the ea, you will have to click on the tab that says inputs, then you can click on the number 4, and change it to 2.

I would turn it off during news days.

unfortunately i bought it before i found these forums.

There are better eas out there.

Brian

[generaldee]

I have recently obtained this EA with options of a stop loss and take profit and it works great when back testing on metatrader 4 turning you in a millionaire within a year. yet once i have forward tested this EA on a live demo account from Fibo group it will wipe out your account within 30 days. in which case i started the EA again on a live demo account as i knew this would wipe out my account. i also ran the ea on another live demo account with fibo group yet i set this ea to ask for manual confirmation, everytime my ea comes up with a trade i trade the oppsite to my original EA and it works great , only problem i have is that i have to sit in my house waiting for the trades i have recently setup alarms in metatrader 4 so that it will alarm me when a trade is on. reason i am writting this post is that i have recently got in contact with someone who has converted my EuroX2.ex4 file to .mq4. i do not have any programming skills and was hoping it would be possible for someone just to reverse the EA for example. say the EA put a trade on in a buy direction with a take profit of 10 ad stop loss at 23 . the new reverse ea would put the trade on at the same time yet it would be a sell trade with a stop loss of 10 and a take profit of 23 this would save me alot of time and give me more time to do better things

if anyone could help me out i'm willing to share my plans