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Forex Scams: How to Spot Them a Mile Away

  • #21
  • Feb 15, 2007 2:19am Feb 15, 2007 2:19am
Quoting megaleads
Has anyone had any positive experience purchasing forex systems and EAs?

Education is one thing... but if you have a successful system - why would you be selling it?

Maybe I am playing the skeptic... Any recent experience with purchased systems or EAs?
i have purchased an indicator for MT4 on ebay, i have no complaints as though it seems like a repackaged parabolic SAR, it works though, it was cheap like 100 bucks
  • #22
  • Feb 15, 2007 10:33pm Feb 15, 2007 10:33pm
thanks for the feedback - it is good to know that someone has been able to do OK with a purchased EA - I have seen so many of them myself that do not work unless you sit there and babysit them all day long.

What type of performance have you been able to get out of it?
  • #23
  • Feb 15, 2007 11:04pm Feb 15, 2007 11:04pm
Quoting aicccia
Does anyone have any experience with Freedom Rocks?
I signed up for the 15 day trial under a guy named Jonathan Sun who provides outstanding support. He has been extremely accommodating. I was shocked that he answered all of my questions...

The system makes money 3 different ways - but primely by hedging stable currency pairs against a common component USD/chf & eur/USD and earning the interest via swap on an ongoing basis.

Revenues seemed slow but safer due to the hedge. To date I have not heard of anyone loosing money with them.
  • #24
  • Feb 16, 2007 4:09am Feb 16, 2007 4:09am
Quoting pipple
i have purchased an indicator for MT4 on ebay, i have no complaints as though it seems like a repackaged parabolic SAR, it works though, it was cheap like 100 bucks
You have been robbed!!!! SUCKER .

Never pay for it!!

If you search these forums, you will find 100s of strategy's that work, with Free MT4 indicators!
  • #25
  • Feb 16, 2007 6:51am Feb 16, 2007 6:51am
Quoting mackaozy
You have been robbed!!!! SUCKER .

Never pay for it!!

If you search these forums, you will find 100s of strategy's that work, with Free MT4 indicators!
i guess, ill try to be more awesome next time, hey.................

you know what im taking the high road
  • #26
  • Last Post: Feb 16, 2007 8:53pm Feb 16, 2007 8:53pm
Quoting mackaozy
You have been robbed!!!! SUCKER .

Never pay for it!!

If you search these forums, you will find 100s of strategy's that work, with Free MT4 indicators!
Well - i guess that i would have to be numbered among the suckers.... I have paid for EAs in the past (before discovering FF)

Even so - it looks to me by the way that things are shaping up that not everyone shares the open source mindset (take the pip boxer system for example) Great system - no source code... no way to make custom mods or experiment for yourself.

Personally, I'd be delighted to pay for a system that has been developed here... because I'd know that it isn't just another scam. I have no problem paying for the real McCoy.
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