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Replies to #20473 on FOREX TRADERS
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digitick

03/20/08 3:03 PM

#20475 RE: RC Philly #20473

Interesting. I'm not sure what to make of it. The site has a typical infomercial, get-rich-quick scheme, feel to it. That cranks my 'skeptic' dial up a few notches...but that typically cranks up my 'intrigued' dial, too. I like their claims, but that's the way these things work.

It looks like you download software that plugs into the MetaTrader platform and it runs automatically (as long as MT is up and running). But the part that throws a red flag up, for me, is the fact that I'm supposed to do the set up. If that involves defining the robots' entry/exit/stop/profit points, then who's to say that I'll get the right "formula" entered? I could end up losing money just as quickly as they claim I'd be gaining money!

How about 10 of us throw in $10 to purchase it and we have someone try it on a demo account? haha.

Depending on my tax return, I'd be tempted to give it a try...but for the time being, I'll stay away. I just dunno.
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Ataglance2

03/20/08 3:10 PM

#20476 RE: RC Philly #20473

I saw a demo done on u-tube.
the demo did make him money
it made 6 trades on a $5000 account,not sure how long it took for the 6 trades..(a day,a week..etc..)but it did make him a little over $600.It probable uses set stops and set t/p and uses a moving average as a trigger probable a 20 period..I wonder how much it cost.?
On the other hand a pro like my self used $3000 and made 1800 in less than a week...
I cost 30% of the profits I make you.so I think I am cheeper.
lol