Question about EA - anyone have any experience with it

I was wondering if anyone has tried the EA or money management service or knows someone who has. The results seem crazy. I havent seen any reviews of it. Thanks in advance. The ea http://profitablefxea.com.

As their OctaFx REAL account statement shows:

1. Average trade duration is 4 seconds, which means that it is an arbitrage EA.
2. Arbitrage trading is against "Terms of Service" at ALL brokers, so no wonder that trading activity on all shown live accounts has stopped abruptly.

In summary: This strategy may work for a while with SELECTED brokers, but even in this case they are very unlikely to pay out any profits.

So don't fall this old trick... (please read most recent ForexPeaceArmy.com reviews through this link or see screenshot below)

By the way, would you be SELLING this EA (with 2314% profit and -0.35% max. DD in 6 weeks) if it were REALLY that good...??

Probably not... Right...?

Attached Image (click to enlarge)

Thanks. I ddidnt know arbitrage wasnt allowed. I thought the same thing as with any system that is so good why would you sell it? Just compound your money if legit. Can you give more detail about what you mean by arbitrage.

This is a good post from a ForexFactory thread about latency arbitrage: http://www.forexfactory.com/showthre...22#post6600722

In addition, I suggest reading the entire thread in which it was posted.

P.S. Since all brokers "B-book" usual and "not too profitable" retail clients under 50 lots, all "arbitrage profits" come out of their pockets, so naturally they don't tolerate it. Although scalping is not against the rules, they don't tolerate profitable scalping EAs, either. In such cases they use their "virtual dealer plug-ins" on simply "A-book" the account. Whichever "solution" they choose it is a death sentence for the scalping EA...

They are scam. all brokers which they use are scam. they use a copy of mt5fx robot that is another scam EA. I asked them to manage my account . they lost $2840 my account in less than 48 hours.