ALL Commercial Members Read Here First!

***Commercial Forum Sticky***

Ok so I've been a member here on FF a while now, and from time to time I will browse through the commercial section out of curiosity, and I have to say this section is really a cesspool of fakers, wannabes, fraudsters, and scammers, I don't even think FF really moderates this forum form what I see.

I don't know how some of the commercial members here can live with themselves after duping, and scamming new, and unsuspecting traders of their money, do you guys seriously have no conscience?

Anyway after seeing so much utter complete utter bullshit here I thought it best to write down what I think are some minimum requirements needed for a commercial member to have passed to be considered as a serious, and legit commercial member.

If a commercial member can pass these few minimum simple requirements, it will help to raise, and filter out the rest of the scum and filth that reside here in this commercial section.

If you think I've missed anything, or you guys would like to add to the list, feel free to share what you think, and I'll add them to the list.

EA Sellers:

 

1. Show a proven track record of minimum 6 months of a verified LIVE trading account using the EA which is for sale. (TE, Myfxbook, Fxblue, MQL5)
2. The Live trading account should come from a regulated well known broker, and not some 3rd world bucket shop broker.
3. Show 99% quality back tests of a minimum 2 years.
4. Have at least 6 months online history or online presence for your EA. (Website, MQL5, Facebook page etc)

Indicator Sellers:

 

1. Show a proven track record of minimum 6 months of a verified LIVE trading account using the indicator which is for sale. (TE, Myfxbook, Fxblue)
2. The Live trading account should come from a regulated well known broker, and not some 3rd world bucket shop broker.
3. Don't even bother trying to sell some repainting garbage!
4. Have at least 6 months online history or online presence for your indicator. (Website, MQL5, Facebook page etc)

Signal Sellers/Copy Trade Providers:

 

1. Show a proven track record of minimum 6 months of a verified LIVE trading account which you use for your own signals. (TE, Myfxbook, Fxblue, MQL5)
2. Show a signals history of at least 6 months on whichever platform you use for sharing signals. (Telegram, WhatsApp etc)
3. Have at least 6 months online history or online presence for your signals service. (MQL5, SignalStart, Telegram, WhatsApp, Website, Facebook page etc)

PAMM/MAM Account Managers:

 

1. Show a proven track record of minimum 6 months of a verified LIVE trading account which you use for your PAMM/MAM account. (TE, Myfxbook, Fxblue)
2. PAMM/MAM live trading account should come from a regulated well known broker, and not some 3rd world bucket shop broker.
3. Have at least 6 months online history or online presence for your PAMM/MAM account. (Website, Myfxbook, Brokers website etc)

So that's what I've got so far guys, lets all come together and help clean up this commercial section from all the scammers, fraudsters, wannabes, and fakers!

Haven't even read the rules and already know I'll win

Hi,
Interesting thread. I believe Myfxbook, FxBlue and MQL5 are fine but how about including FF Trade Explorer? Even better, I think PsyQuation is the best trade auditing resource available. I would suggest also ruling out martingale, hedging/"nedging" and cost averaging (I have used in the past but now I believe these are all red flags in any trading system/method).

VeeFX: Recommended List of Improvements for ForexFactory here

here's my #1 on the list.

Commercial Members must disclose their real identity verifiable by ForexFactory before approval and available to all Forum Members. At a minimum, Full Name, Company's Name, Address, City, State, Country etc

You must change from minimum 6 months to atleast a minimum of 24 months. I would not even look at any system that is not more than 24 months... 26 months preferable. There are many system that eventually fail in 3-4-6 months and the scammer has already made his profits before it fails.

For automated systems and signal providers:

1. No subscription or license fees for months that are not profitable.
2. 30-day minimum FREE trial period - mandatory
3. Evidence of the commercial member's own capital - Min $25K is Mandartory

This along will shake out 99% of fakers.

First, I am not here to tarnish your commercial image as you just started out on this journey so I wish you all the very best of success. I respect your endeavor and you seem like a legit guy to have done all the due diligence prior to going commercial. You do have a live TE so kudos to you for that as well.

Disclaimer: I have not studied your strategy or your posting history here so I am not qualified to comment on you or your strategy in any shape or form.

Couple of quick observations:

1. You link to Traderway broker as your IB affiliate id. Do you generate revenue if any member or nonmember clicks on this link but does not sign up for this service? It's free ad for them so you might. In my view, IB with Tradersway represents a 100% "conflict of interest" as it can be used by signal generators to churn commission rebate via high volume strategies, move SL to BE or reverse RR etc.
2. Just out of curiosity, does ForexFactory gain any portion from your IB broker rebate related revenue? Can they gain in any other way? Are you paying them to host this service?
3. Now, about your monthly fees, $30/month on a minimum $1000 account size. 99% of signal seekers will only go with the minimum account balance to try you out. With that assumption, your customers will be paying 12*30=$300/$1000=30% in fees and this is before cost of trading i.e. spread, slippage and commissions. You are guaranteeing only 1% more than SnP performance which is far less than 30%.... don't you think this is a Lose:Lose proposition for majority of your customers?

I am writing here before your thread says "Setting the Standard...". Please enlighten us how this is different from other signal providers?

Respectfully,

Vee

Hi, Mod,

I just want to know, how about Forex Rebates?

We always send the rebates timely, no matter it is daily or weekly or monthly, I update my rebates threads here timely, but now, they are gone, I believe they were deleted by you or other Mods.

This is absolutely not listed in your sticky thread. So, please think it over and list it.

Thanks

Tony from PipRebates.com

Hello mrdfx,

Thank you for the suggestion. I will be back after 4 months

Happy trading.

Gladly!

I don't think FF will quote your whole reply, but Ill answer in bullet points

1. At the bottom of my first post I very clearly state how I make money, and who profits. 100% transparent! But, to answer your question here - yes, I recieve a portion of the spread if individuals go through my link. The users don't pay the commission, TW does. The spread stays the same for the user whether they use my link or not. Again, this is highlighted in my thread. TradersWay specifically states in their agreement that churning is not allowed and subject to banning the affiliate's use of their program. Considering they pay the rebate, I can see why TW wouldnt want churning. That being said, my stratagy is not a high volume trading strategy. This isn't the place for me to advertise, so I'll leave it at that.
2. Forex Factory has had nothing to do with my Commercial endevors at all. They ask for nothing and get nothing. I've reached out to see if there are any programs or things commercial members should know and have gotten no response. Obviously it would behoove me to work hand in hand with FF, however; the only thing I've gotten from FF ever is a commercial tag next to my name. I don't know if they gain anything from Traders Way.
3. $30 is the minimum someone on MQL5 can sell a signal for. 20% of that is taken off the top for MQL5, so I get $24. $1000 is the mimimum yes, but that is because the safe mimimum that I believe the signal risk/reward and lowest lot size of .01 will offer any benifit at all. Start an account with $100, and .01 lot sizing....my signal cant offer you anything....you'd lose pretty quickly. As you pointed out, $1000 doesn't offer much upside, but that is not my decision to make... my highest concern is keeping people from blowing their accounts up with my signal, therefor $1000 minimum.
4. You mentioned I guarantee 1% above S&P. I DO NOT GUARANTEE ANYTHING. I say this mulitple times in my thread and disclaimer section. No one can guarantee profits, and in my country it's illegal to do so. The goal is to generate alpha.
5. As far as my thread title "setting the standard" well, that goes lock step with this thread's purpose (shout out to mrdfx) - no commercial member is providing the level of clarity and transparancy as I am. Show me one. I couldn't find them, and in the very first paragraph I mention the reason for my commercial agenda: there is a void in the Forex Factory commercial sphere when it comes to transparency and honesty. A new standard needs to be set, and I intend to fill that void

Sorry for the long post mrdfx, if this is inappropriate for your thread please let me know and I'll delete

Firstly I am no Mod.

Secondly as far as I can see, you still have your thread, and it is active however you have placed red diamond restriction for posting which isn't really a good thing IMO.

I never sold anything and ever one of my threads gives quality information, free eas with source codes , best indicators with source codes and here I find myself in the commercial section.

yet propose ppl to DL a trade copier and copy your trades *, even if free, without even showing some results so what they could expect.
what is the point?

* you just opened a "journal" thread suggesting that

Hi,

Yes, some threads are still there, but some gone.

check this one: https://www.forexfactory.com/showthr...&goto=lastpost

thanks

Tony

Tradingwithw,

your transparency is nice. even more than needed as per your post on the local regulators.
there is only 1 issue that you not disclose, but probably should:
out of your 100 trades, 5 is OIL (.wticrude) amounting almost all your profits, vs. forex on the other hand a strong net loser operation.
however, OIL, and commodities in general often not able to size by brokers...ie. for example ICM has min 1 lot size, and nothing smaller, thus one may be unable to size the risk, or is trade still gets copied, end up probably with a lot more risk and/or margin use.
commotidites at most brokers simple dont enjoy the same position sizing flexibility ( 0.01 lot steps) than forex. a fact.
i think if you want to be trully transparent, you should disclose that 5% of all trades ( OIL) made 71% of the profit...(and you are currently as total up 53%).
if each OIL trade, and in the moment a 100% hit rate at 5/5, worth on average 14% profit, how much a couple consecutive OIL loss ( say 2?) could shave off ones account?

not really to complain, i am not a follower, but had 2 month ago the same situation, and had not changed. all your trading is made ( or will break) on oil, and all forex in overall still a big loss...without looking behind the numbers it isnt clear of course.

Thank you- very good points! Unfortunately the like button is disabled for me, otherwise I'd like that post. A few things here, and a possible solution...

1. Simply having a TE already discloses this fact
2. Disclosing which trades make the profit would be a moot point as a 600 pip profit on EJ would overtake oil and then I'd have to REDISCLOSE every time something new happened.
3. Traders utilizing my perferred broker would be uneffected, but those on other brokers might not get a slice...or even do better if I sucked at oil.
4. This will also effect trading metals/equities/etc

Solution: to add launguage into my thread to the effect that there are discrepencies between brokers and symbols, so those utilizing other brokers need to investigate futher as to whether or not this trading solution will be profitable for them. The other two options would be for me to not trade oil/metals/equities/etc, or to force clients to utilize Traders Way. I'm not a fan of bounderies or forcing anyone to do anything, so I believe the language can be a good middle road. Thank you for bringing that up, I know you've brought it up before. I'll add this to the original post and highlight the issue in a new post! This is one of the pitfalls of providing signals as opposed to just managing everyone's money in a single account..if I managed the funds directly it'd be a non-issue. Again thanks, suggestions always welcome.

Hi! I would add: if a commercial member has a real and verified by monitoring TE, Myfxbook, Fxblue, MQL5 account more than $ 50 000, then the term can be reduced to 3 months.
I do not think that scammers have and will invest this amount in a real account.

Now, the link works, thanks

Great thread, excellent observation and comments. I see more and more people recognizing and voicing about the problems here on FF

If they had a Scammer forum, and moved posts there as quickly as they move posts out of the trading system thread, that would be a start.

That's all I want to say, and OH -->

https://neilgroomforexfactory.wordpr...exfactory-com/

It's evil scum like though ...... Sad pathetic 66 year old who just goes around this forum posting just to get some subscribers.... Evil and twisted.

What do you offer this forum... Nothing better to do then you're evil sidekick Stimpy. Banned from the forum and so you just take it out on me.... What a pathetic old man..

Anyway let them look at all the shit he posts... No skin off nose... Every one here is realizing you're just a waste of space.

Like Erebus above I have never, ever come across such low lives on this forum. They must just lose money day after day... and blame every one else.

Erebus you go from thread to thread subscribing and posting then move on.. One day Pivots thread, then the next, then the next...

Anyway not wasting any more time you Australian freak... 66 years old and you act like a little kid..