Accelerating Profits

If you use facebook then like me you have probably had the Accelerating Profits advert thrust in front of you. For a mere $499 an astounding money making strategy! What could possibly be amiss, human nature being what it is and the statutory warning right at the bottom being ignored?

A recent interest in harmonic patterns found me looking at FSO Harmonic Scanner. a product of Dennis Buchholz, and so onto his Agimat trading system, something he claims to have written but is just a collection of freely available indicators. This made me wonder if Accelerating Profits fitted the same description; yes, it does. In fairness I should mention that Accelerating Profits don't seem to claim that they are the originators of their system as Dennis Buchholz does of his.

By posting here I'm hoping that anyone tempted to buy the Accelerating Profits strategy will find this so that they can have it for free - the implementation is pretty obvious and described in the advertising videos, albeit with "pivot", "support", and "resistance" being apparently interchangable! It consists of Ichimoku with Kijun Sen set to 16, Awsome Oscillator, Cloud Trend, and Colour RSI that has been renamed Accelerating Line in their videos. There are also the daily pivot and support/resistance lines that are used to place stop loss and take profit albeit in a seemingly confused manner. Whether these indicators together produce a profitable algorithm I don't know. It seems unlikely but I'll program an EA with them to find out. Anyway, here's $499

Best wishes, Geoff

PS Anyone got CloudTrend.mq4?

they are using fake screenshot?

Something fishy is indeed going on with the proclaimed "proof" of trading results.

It seems to me, that at least one of the trades has been manipulated, since following that... they did not bother to change the "max drawdown" figures to the bottom of the MT4-report, which clearly states a 9.38% DD ($938.41) - which is the MT4 drawdown figure based on closed transactions.

There is no such DD to be seen within the individual trades.
Oh dear - someone must now be getting a bad day at the office.

Thanks for your $499 gift
Did you indeed manage to extract the conditions used from these short vids? I'd be interested to check this one out, as long as the requirements are obvious.

Below ss fuxking fake.
How many pips there ??

9491 Pips

If the price closes below the cloud, Tenkan Sen is equal to or below Kijun Sen, AO is red, RSI (Accelersting Line) is red, and Cloud Trend is red, then sell. The opposite for a buy: above, above, green, green, green. It all makes sense but is it profitable? Don't hold your breath!

The pivot and SR levels are referred to although the narrator doesn't seem to understand the difference and using them for entry is not a rule, neither is using them for the placement of SL and TP levels. In one video placing SL just beyond the next level and TP just inside the next level is mentioned - a reasonable method but not always followed and doesn't necessarily give a good risk-reward ratio - that would need a filter. Better to use ATR or somesuch.

I don't have Cloud Trend as an mq4 to create an EA but CCI gives pretty much the same results so I will get around to trying that eventually - rather busy with the central heating right now

Best wishes, Geoff

Thanks for your explanation, I will have a look!
Success on your central heating

The new boiler is in so I put the indicators into an EA for backtesting and surprise, surprise, I could have spent my time more fruitfully. i Trend_RonsSite.mq4 is more like CloudTrend than CCI but this combination of indicators isn't the holy grail. I really didn't expect much on an M15 timeframe - such things are better suited to longer timeframes, but one never knows. With a little bit of tweaking it doesn't lose money - except for $499 if you bought it

Best wishes, Geoff

Thanks Geoff, for your tedious work & saving me $499 .
I suppose some people, me included, owe you a nice cold beer now.

Much appreciated!

Loooooks like two scammers