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  • #21
  • Mar 3, 2016 7:32am Mar 3, 2016 7:32am
Quoting Darwin-FX
@trader34: As said, you can just follow the system for as long as you want, for free, not strings attached. Don't like it? Dont buy it or wait until the track record satisfies your needs. Also, to quote myself {quote} @mytrader1961: Yes. Also, there is, keep scrolling.


OK.... Of course you offer looks great doesn't it? Too good to be true really: "follow for free, then come on board if/when you feel like the results match your expectations." What's the harm right?

I'll tell you.

You have set up a website to sell an untested product. I don't care if you have 10 years demo history, until you put your own money at stake in trading it, and not just a thousand dollar token account, you have zero history! Demo means next to nothing.
It's like walking up to an arcade game and basing your performance expectations on the preview demo screen. You may be able to replicate some of the moves, but results will differ wildly.
So...your entire focus so far has been to sell this EA...not to trade it with real money.

This is my entire problem with what you, and others are doing. Pleasantries and seemingly reasonable offers aside, you have set up a website, with the intent to sell people something you won't even trust yourself, and then...you tell people not to rush in, and wait for the play account to reach expectations.
But that's all it is... a play account.

Who else but a forex dreamer will pay some random person for something to do a job that the vendor won't even trust it to do.
I mean hell, even if you'd opened a minimum account to show the performance I'd have had a little more respect, but a demo account is unforgivable.
Not so much from you...this is what i have come to expect from commercial members on FF.
The unforgivable part is from anyone dumb enough to pay you.

Of course using buzzwords like "artificial intelligence" will get you quite far with some here, but that all paints the picture of you as playing on the impulses of the stupid.
Tell me...is this a verified AI as per the scientific definition? Have you coded in some wonder feature that allows your EA to adapt and problem solve each time a new scenario is produced? Or...does artificial intelligence sound like an awesome term with no actual basis in reality??

You say you have a solid system...why not outline some of it? Probably just because it's another curve fitted lagging indicator based system that works in the trivial 3 months you have tested it?! Please.
You may be an absolute stand up member of society...but all you are doing here is luring people in under false pretenses.
Wealth comes from what you keep, not what you earn
  • #22
  • Mar 3, 2016 7:38am Mar 3, 2016 7:38am
Wow whatever your problem is, I am sorry. But no need to rage here. Because I really don't care to be honest, and this is no thread to discuss your personal opinion about selling EAs.

As you said, this is the commercial sub-forum, so that is the right place for my offer, and if you do not like it, dont buy it, I am not forcing anyone to pay me a cent, this is a fully transparent offer and approach.
  • #23
  • Mar 3, 2016 7:43am Mar 3, 2016 7:43am
Quoting Darwin-FX
Wow whatever your problem is, I am sorry. But no need to rage here. Because I really don't care to be honest, and this is no thread to discuss your personal opinion about selling EAs. As you said, this is the commercial sub-forum, so that is the right place for my offer, and if you do not like it, dont buy it, I am not forcing anyone to pay me a cent, this is a fully transparent offer and approach.

Perfect response
Wealth comes from what you keep, not what you earn
  • #24
  • Mar 3, 2016 7:50am Mar 3, 2016 7:50am
Hell, I can even understand your rant to some degree - but really, I am trying to be as transparent as possible, even going as far as posting every single trade public.

So come on, I am really not the right person to adress this rant to, there are dozend of "This EA makes 100% in 1 Week and has 99% success rate look at this backtest and now pay me 250$"-kind of sellers out there, tell them.
  • #25
  • Mar 3, 2016 7:55am Mar 3, 2016 7:55am
I think EVERYTHING has been said what HAD TO BE SAID.

So, if anyone buys the EA - after reading all the above posts - should blame only himself if it does not work out.

Darwin-Fx plays with open cards, i.e. no false promises/guarantees, so I think FROM NOW ON it is a FAIR GAME.

So let's give him a break.
  • #26
  • Mar 3, 2016 7:56am Mar 3, 2016 7:56am
Quoting Darwin-FX
Hell, I can even understand your rant to some degree - but really, I am trying to be as transparent as possible, even going as far as posting every single trade public. So come on, I am really not the right person to adress this rant to, there are dozend of "This EA makes 100% in 1 Week and has 99% success rate look at this backtest and now pay me 250$"-kind of sellers out there, tell them.

That much I will give you...
The ">90% win rate, makes 50% monthly" crew are around here, and elsewhere.

You are at least not promising stupid gains.

Ok..ignoring that "rant" can you answer me one quite simple question...one human to another?

Why are you selling something that, as yet, you have not trusted with your own money?
Wealth comes from what you keep, not what you earn
  • #27
  • Mar 3, 2016 7:57am Mar 3, 2016 7:57am
Quoting MasterGuru
I think EVERYTHING has been said what HAD TO BE SAID. So, if anyone buys the EA - after reading all the above posts - should blame only himself if it does not work out. Darwin-Fx plays with open cards, i.e. no false promises/guarantees, so I think FROM NOW ON it is a FAIR GAME. So let's give him a break.

Yeah.. pretty much agree.
I'm learning we can't keep a fool and his money together if he is determined to give it away.
Wealth comes from what you keep, not what you earn
  • #28
  • Edited 8:25am Mar 3, 2016 8:07am | Edited 8:25am
You really want to know why? Well, if you want, let's be honest: I am in my 20ies and I am going to university, and you know how wealthy that makes me... Thats about it, earning a little bit with my work would be perfect.

That said, I do have some people lined up to fund a PAMM account for that system (people I have worked with in the last years), but only after ~6 months of demo trading, as its about a 5 digit sum.

You don't believe me? I have an impressum on my website to proof who I am, and I can drop you a mail from my university email account if you want.

So thats it, I have some trading system that I really believe in and would like to make a buck or 2 from it before the PAMM starts!

Edit: And yeah, I really did not think about all the hate that you might get while trying your very best to be honest, upfront and transparent :O Like, I really think this thread is more fair then 99% of EA sells out there..
  • #29
  • Mar 3, 2016 8:29am Mar 3, 2016 8:29am
Darewin

Thanks, I found your details.

The thing is at the end of the day, there are those of us who are trying to prevent noobs parting with their money for systems/ea's etc that dont work and were never going to.

In the last week, I had messages from 30+ people who had bought into a trading scam on this website and others and have lost money, this happens every month, month in, month out and is the tip of the iceberg. The characteristics of each advertiser are the same every single time and you are exhibiting those same traits.

I agree you have posted in the commercial section, we have all said above why we are unhappy.

We will watch your trading with interest - please take some advice, you cannot run a PAMM account or manage other peoples money in Europe without abiding with the correct regulation.
The difference between us is that I have traded for over 25 years and I am applying to become regulated now and it takes at least 9 months and a lot of money!
  • #30
  • Mar 3, 2016 8:33am Mar 3, 2016 8:33am
Yeah I totally get that, and I also am part of the forex scene long enough to know that most EAs are simply scam, but really, I can not do more to make this offer more fair.

Well if investments are private you can circumvent a lot of regulations, but thats no topic for this thread.
  • #31
  • Mar 3, 2016 8:37am Mar 3, 2016 8:37am
Darwin, I like you, don't know why, just do.

So only trying to help you here. What would really help with transpency honesty etc, is to explain, not in full details, or as much to give it away, but to explain the reason for trading only AUS200, what is the AI basic rule of thumb working from, Support/resistence, fib levels etc etc you get the idea. Add these details to your original post.
  • #32
  • Mar 3, 2016 8:41am Mar 3, 2016 8:41am
Quoting Darwin-FX
You really want to know why? Well, if you want, let's be honest: I am in my 20ies and I am going to university....So thats it, I have some trading system that I really believe in and would like to make a buck or 2 from it before the PAMM starts! I am young and need the money, so to say. Edit: And yeah, I really did not think about all the hate that you might get while trying your very best to be honest, upfront and transparent :O Like, I really think this thread is more fair then 99% of EA sells out there..
Eh...in a way I applaud your honesty. Actually most would have banned me by now!
I sympathize with the student budget..been there done that.

But it doesn't change my stance on your approach.
You say this thread/your approach is more fair than 99% out there?
How about making more than 99.9999%?

My issue with what you, and others do here is the reverse order approach you guys take.
It's: Idea ->sell->test->trade live.
It may seem like you'r making a few quick bucks, but as with most young people...if you actually have a genuine concept, you're shooting your long term aspirations in the foot here.
A measly E$20 monthly is not a lot for an actual valid system.

Just from a purely business perspective, how about the following:
You have your idea, and your EA.
You apparently have PAMM clients

So, forego initial pittances of subscriptions and trade the PAMM account for a minimum of 6 months. Preferably 1 year. I'm not sure your commission structure, but industry standard is 10-30% of net gains. So you're making that for the initial time. Basically free, because it's an existing EA. So, 5 figures, let's say $10k, you make maybe 6% monthly according to current stats then you are $180 up each month for free...9 subscriptions. $2k+ per year for your efforts. Not bad!

Once you have a decent track record of verified history..why bother with pittances of subscriptions when you could attract further PAMM/MAM clients for far more money?

Even if you decided to sell an EA with say 12 months consistent and verified history, you could charge far more than you are now.

You may think this is hate, but you are mistaken. I certainly don't hate you...I don't know you. What I hate is that the majority of commercial members here are knowingly selling things that don't work long term.
What I have outlined above is a very simple and transparent way you could separate yourself form this herd. And I believe you would be better in the long term.

As mytrader1961 pointed out the legislation regarding managed accounts is getting tighter, but ultimately your broker will decide on your requirements for PAMM/MAM accounts, so yes there is a backdoor there.
Still would be wise to be prudent.
Depending where you are, the qualification required to legally manage money can be as low as a couple of thousand dollars depending on jurisdiction.
If you truly intend to be long term in this game, it may be something worthwhile to have.
Wealth comes from what you keep, not what you earn
  • #33
  • Mar 3, 2016 8:50am Mar 3, 2016 8:50am
Haha thanks

How the AI works
It has nothing to do with most trading systems out there, that rely on some black magic Indicator setup. It does not rely on Support/Resistance, Fibonatchi Levels, Candle Charts, Indicators or anything like that!

It is more or less a system that is exploiting the general trend of the global markets. Like all of them, in one huge model, because sometimes there are days where just all the markets go down or up because of global events and sentiment.

And that is exactly what the AI is exploiting. Why AUS200? Because when Australia is trading, most of the other major markets are more-or-less closed, which reduces the amount of noise you get for your signal.

Also, Australian and Western markets do not overlap in their main-sessions, which makes it easier from a programming point of view.

That is all. It should work on other markets as well, but it works best on AUS200!
  • #34
  • Mar 3, 2016 9:03am Mar 3, 2016 9:03am
@trader34:
Ok, like really, it is all said from my side.
You dont like selling of EAs in general? Good, the don't come to the commercial subforum, make a discussion about it somewhere else on the forum.

Edit: No I am not banning you, because that is exactly the intransparency I don't want here. So I am kindly asking you to stop ranting about the general concept of selling EAs here. Thanks
  • #35
  • Mar 3, 2016 9:48am Mar 3, 2016 9:48am
Quoting Darwin-FX
@trader34: Ok, like really, it is all said from my side. You dont like selling of EAs in general? Good, the don't come to the commercial subforum, make a discussion about it somewhere else on the forum. Edit: No I am not banning you, because that is exactly the intransparency I don't want here. So I am kindly asking you to stop ranting about the general concept of selling EAs here. Thanks

Deal.
All is said from my side too.
People will always decide for themselves
Wealth comes from what you keep, not what you earn
  • #36
  • Mar 3, 2016 10:01am Mar 3, 2016 10:01am
Just one more thing: Keep an eye on the system ok? And when you will somewhen magically be convinced that it is no bullshit, tell me.
  • #37
  • Mar 3, 2016 10:26am Mar 3, 2016 10:26am
Now that this discussion is over - at least for this thread - back to business!

Result of the last trade: 41 Pips profit - 1.69% Gained
  • #38
  • Mar 3, 2016 10:27am Mar 3, 2016 10:27am
Quoting Darwin-FX
Just one more thing: Keep an eye on the system ok? And when you will somewhen magically be convinced that it is no bullshit, tell me.

Already saved to my watchlist.
When you put in/ link a live account..i'll start my 6 month countdown
Wealth comes from what you keep, not what you earn
  • #39
  • Mar 3, 2016 2:23pm Mar 3, 2016 2:23pm
Like @trader34 said, I have no respect for someone who doesn't put his money where his mouth is. You live in Germany, not Sudan or Somalia, so there's no excuse for not showing a live account.

I'd also like to comment on the point that finding PAMM investors is easy. I don't think so, just look up FX Viper, with all the marketing videos and his $100k live account and almost 3 years live track record, they haven't got that much money under management. If you know different examples, let me know.
The worst thing I can be is the same as everybody else. I hate that.
  • #40
  • Mar 3, 2016 2:55pm Mar 3, 2016 2:55pm
The guy is offering you to follow the system for free,and only if you like it,you can subscribe,why are you attacking him?
He is offering a myfxbook link and it's open to follow.
So he is a student ,and maybe not easy to invest 10000$,still his system could be profitable.
so he is trading a demo account?what's the difference?
90% of the people posting free systems and interactive trading has no ff explorer ,nor myfxbook ,real or demo accounts ,and they are causing people to lose money ,but people are cheering for them ,because they are free.
Good luck with your service.
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