Scammers - Hall of Shame

Keep on your study, little student boy. Let the trading to the adults...or "sheeps" as you call me ,ok?

Boy...what do you do? Do you repeat what others tell to you, like 5 year child? Please let me going to bed...PLEASE

Who knows how much money will be on the so call "managed account". As for the operation size, maybe there is more than one person working on whatever scheme is his on. I still dont understand how some of his follower manage to swallow everything he says..... maybe some of them are not followers but accomplices trying to make the entire scheme seems perfect. It wouldnt be the first time someone open multiple account here.

You are definitvely angry at me now..... yet like Eitan you havent answer to anything. Like you master you will try to drive the conversation to anywhere instead of doing the obvious : open a damned explorer.


Anyways, I have learned from you great master. I wont be arguing with you buddy

Honoured to be in that ...
...sorry you won't be given from me the same honour hahaha

omg u believe anything lol
you dont trade do u i have some magic beans for u too eat which will grow you some balls and think for yourself and turn u into a trader and makes 100% a month
send money to my paypal cheers and you can spend your time making money and have a nice set of balls ,yap yap yap thats all you do
keep sending these scammers money u deserve it you really do

hey billytt thats the problem on here he needs banning everyone should report him to twee and lets get the scammer sent away from ff

spot on carlsberg that would be a start and the way to go

Cariddi,
I wont quote each part of your post, so I'll just refer to your answers from each section you labelled for me:

From the "bolded" reply:
Sorry, I didn't clarify that point...the thread didn't die, but my interest in it did. I am well aware there are still members, like yourself active there and I don't diminish your effort at all. And I absolutely agree that one system in the hands of 100 people will take on multiple forms, and have varying success.
However...you are mistaken in one area. Many other system threads here do give clear SL and TP parameters. Many give clear and concise entry criteria.
As I can tell, that is all Eitan did with SMRI. Again, I respect that in itself. I just can't see where the adoration comes from for him, over any other member who has shared an equally well/poorly performing method.

From the "brown text" reply:
This is a public forum. In any given thread there are insults thrown around loosely all the time. Some far worse and far more personal than calling someone a scammer. Other recipients there also have friends, and some do support the attacked.
But NOWHERE on FF draws more attention than when Eitan is mentioned. And the responses are usually disproportionate. Always trying to report anyone who says anything slightly negative. This doesn't really happen for any other member.
Even in the 1st 2 pages if MRM thread, username patron raised some very valid concerns, and tried to demonstrate the potential pitfalls. Well, the response was swift and effective! From all of you, and the man himself.
Yes this is a public forum, and you are free to defend who you please..but can't you see how this appears to others?

Also, there is another issue...Let's say I was in Eitan's position.
I would carry myself very differently.
I would request all of my friends not to intervene on my behalf for starters. I would answer for myself, or not if i thought that it didn't deserve my time.
Most importantly though...I would back myself up with evidence from the outset. And I would long ago have encouraged my closer friends and previous thread followers to run TE's of their own, so that everyone could see the success of my ideas! If you can back up your ideas, and show that you have been able to help others...all the slanderous posts in this or any other forum would not damage your reputation, and therefore your business!! You must acknowledge this fact.

From the "aqua text" reply:
Please, this is a weak excuse! He doesn't want the negative attention of a TE, yet decided to start a commercial thread without any evidence of success? You don't see the contradiction in that approach?! Come on..
Everyone has bad periods (despite this claim of near 100% WR for 15 pips). But if after 3 years he doesn't want to show the potential ups and downs of the system, then he must expect some negative reaction.
Interestingly, given Mikimax's issues discussed here....it becomes clear that this WR claim is at best misleading. Clearly 15 pips PT on a H1 TF is unlikely to have been given with even a 1:1 RR. I don't know the system...but I guess as the PT distance increases, the reliability decreases...so more than likely the real, practical WR is far less!
A clever omission form the opening page.

From the "Green text" reply:
You must see how the guru status Eitan has among his followers leads to added scrutiny over the efficiency of his systems? Maybe I exaggerated my point in those lines, but the name of his system is "My retairment method." (I won't make spelling jokes, already done!) But...if the system is the retirement method...it implies you don't need any other system to retire on.
And yes I know what Vigovsky's indi is. It is $249 extra i will have to trade with as I see no use in it. I am capable of doing my own analysis thanks. But...he is also eluding to using it for a system http://www.forexfactory.com/showthre...79#post7900379
Lets see what develops...maybe another group? Small fee of course! We'll see...

From the"red text" reply:
OK, here i take big issue! You are wrong, there is a hell of a difference between curve fitting and optimising. This is the point patron was trying to make on page 2 of MRM before he was banished! You can temporarily optimise anything on BT to give you the ideal results.
I saw the SMRI BT results, that were made public, and yes each had some little variances to offer. But those modifications only work for as long as the market conditions remain the same as they did during the BT period! Once the conditions change, the system will break down, and most likely you will suffer huge losses before you realise the issue, and are able to modify it again...with more BT's! And the cycle starts again.
In this way you will always be chasing the market, 2 steps behind it. And with a system with as many Indis as SMRI (and by the looks of it, MRM is even worse) the performance will be even more sensitive to any slight variances in settings.
This is why I stopped following SMRI and is also why I'm fairly sure we won't see any long running TE's coming from MRM. But by all means, prove me wrong and I will admit it!

From the "lime text" reply:
OK great that he provides support...but seriously I would expect no less for this fee. Outside trading hours is commendable, but he should absolutely be available providing support for all of his subscribers during trading time! After all, he is trading it too right!? He is sitting at the cpu, why not answer questions?
So no, it's not like buying a car and asking for all the things you said. For many reasons! Support during business hours is the least he can do, and let's not forget, he has not donated a thing here! He has done very well from this venture. A little under $19000 USD to be specific...so far, in one month. I happen to have a relative in Israel so I know that more than 50% of the population earn less than $1700 per month. I would be fairly generous with my time if I was him!
And I totally disagree...Mikimax posted his chat here, and there was clearly a mistake made with the RR issue. Poor communication, or whatever but Eitan could have simply refunded him as a gesture of good will, and the whole issue would have been resolved with no bad word against his name. Instead, he chose the usual "I'm done with you" route.
Again, just bad business.

From the "magenta text" reply:
We agree on something here...90%+ of FF members are full of crap! But...not all of them are trying to sell me something! That is the distinction. I don't care about the TE of someone who quietly goes about their own trading here...but when someone is selling something, and/or making extremely bold statements...then yes, I expect them to back it up, with proof of longevity.
You are right, you owe nothing to anyone....But i will make this suggestion to you, or anyone who defends Eitan so much. Actions speak louder than words. He is seemingly unwilling to provide history. His choice. And all of yours. But, if you don't trade his systems, or don't want to provide proof that they work, you must understand that you cannot be taken seriously when endorsing his trading performance. After all, what is this endorsement based on, if not your won experience?

As I said, he may be a great guy. I don't know him, so make no judgement either way. But here is a very simple yet drastic improvement he could make to his public profile here, if he wishes not to be "slandered."

And for someone who doesn't like the "negativity" at this thread, it seems you are drawn here still?

Crap, I think I wrote even more words than you! Sorry all!

Haha....so in your civilized country ...people like you and your guru can behave like dictator and cut them off who try to question his ideology. People who try to against you guys are taken care of while deluded followers are hypnotized by his fake tactics.

Eitan uses almost 100% word to dupe rookies...as they dont know that , system can have hit rate almost 100 percent but still it could be losing system and system almost always lose but still be winning system. I simply asked him yesterday to provide him answer of hit rate and risk reward or system. Yet he refused to answer in public forum.

BTW , as your guru cant put TE , he must be preparing for weekly audit for tomorrow.
Can you ask him , which version of adobe photoshop he use ?

Im not american but maybe we should try to communicate the SEC or any organization who oversees trading activities and ask them to outlaw the selling of systems without a license because it obviously does nothing good to anybody except the seller. Its always the same story yet everytime the response of the "sheep" who buy those system amaze me.

Dont waste you time with this guy. He either work for Eitan or he is ignorant past reasoning. Arguing with him will get you nowhere. They will always drive the conversation to something else no matter what you say

Off topic, but if I may be pedantic, that's a common misconception. Here is a paper on the origin of the word "martingale".

Anyway, it doesn't change the fact that martingale increases risk of ruin, and (like all MM/staking systems) without improving the expected return. Mike Shackleford (the Wizard of Odds) explains it well here.

If to speak about Eitan then it is obvious (at least for seasoned traders) that none of his systems ever worked. I was following the SMRI thread for long time because I wanted to see if it finally turns into scam or not. There was never a winning system in the thread, just a bunch of indicators, and as soon as someone had a loss, Eitan and his partners added some new indicator or rule. First charts that Eitan posted in his new, commercial thread, included similar charts with similar indicators, big part of which were from Nihilist thread. Nihilist posted his first indicators this July, while Eitan was saying that he had developed and traded the system already for years. A bit later he started to assure that his commercial system does not use any Nihilist indicators...
What we have seen is probably a long planned activity of group of people. Everyone can easily notice who belong to the group. One of them is very active in this thread also and will attack me very soon. Please note that Cariddi has been always around in Eitan, Vigovski and Nihilist threads, praising and defending.

lol omg nice ass

Hi Hanover, I hope all is well. I agree with the martingale info you so kindly posted, but I throw that word around as everybody knows of it. and I use it in its worst form of trying to regain losses. Be good and take care................

Very well said Indrek! I totally agree with every word you said! There is definitely a conspiracy going on here and this is absolutely shameful to say the least! There's a universal law that states: What you sow, is what you reap! I assure all of you, that these vipers will reap what they have sown! Nothing will be able to protect them from the wrath that is coming their way... and they brought this upon themselves because of their greed! God have mercy on their pathetic souls!

When you add, is it at the same LOT size as the original position?

You used to work for DaddyBear?

This seals it. He moves his TE to private if his positions are losing, but keeps it on if they are winning. Unfortunately, I suspect he is just a bad egg in a batch of bad eggs, I doubt very much there are many genuine people selling anything related to forex who can actually make money trading what they are selling on a live account. Thankyfully for DaddyBear and alike, demo accounts are a bottomless pit, a never ending supply of fake money.