Legend has it…

Filed Under (EA System) by Casey on 31-07-2010

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Phew… it’s been a long while since my last blog. Ok… not all that long about 2 weeks I have been MIA and will be MIA for two more weeks.

I am way way way behind time with my deadline. And I am talking about my day job here. So behind time that the light at the end of the tunnel… hmmm… I don’t think there is any light in the end of the tunnel for me here.

Sighh…. any huuu…. I had to take some time out because I wanted to help an acquaintance of mine. And of course inform my visitors.

It seems that the scammers are back in town…

FOREX LEGEND IS A RIP-OFF OF A FREE EA!!!

Ha!! Short and straight to the point.

Unfortunately, I am in a rush and thus could not do a real research on how it is a rip off.

But I have reason to believe the developer of the free EA himself. He was the one who contacted me and ask me to do a post.

And of course, a quick browse here and there kind of confirms this.

I probably will do another write up on this in more detail… but for now… take it from me.

It’s a rip off of Cacus’s free EA which you can download here.

http://www.forexmt4.com/Cacus/ (Raw download from the server)

I have to take my leave now and look for my light at the end of my tunnel with regards to my day job. Or else I am going to get fired!

So… just leave this EA alone and don’t part you hard earn money. Because FOREX LEGEND IS FIRED!!

Out of the Ordinary

Filed Under (Journal) by Casey on 29-04-2010

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It’s not that I don’t have anything else that is forex ea to write on this blog… It’s just that I found this interesting. Yes it has nothing to do with forex. But it has everything to do with SCAMs and all the sort of email SCAMs that can be found.

I receive this just recently and it was unfortunately, my email exchange server does not have an efficient spam detection filter. So, out of interest, I open it and just to see what are the new scams that people in this world is scheming.

So here is the screenshot of the email that I receive.

Even SCAMMERS has gone global.

The interesting thing I actually caught my eyes is this…

  1. 1. Our ‘Mr Fabian Sanchez’ has a Spanish or Mexican name or decedent.
  2. And he wrote this email to identify himself from Italy. (@tin.it)
  3. His Reply-to goes to his Japan account  (@yahoo.co.jp)
  4. But he wishes you to send a response to China (@w.cn)
  5. And of course you should call his UK headquarters. (+44….)

Man… SCAMMERS are just so creative at coming up with these sort of fictitious story. With these sort of creativity, they should spend their time writing books or novels rather than scamming people.

Shameless… Just Shameless…

Filed Under (EA System) by Casey on 09-11-2009

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It’s Monday and I am not really sure whether to cry or to laugh at this…so I think I will do both

This industry has gone bonkers… I mean it has already been very crazy that cloned EA are being rebranded and sold for a quick profits… And to add to that, it has been crazy that it seems still that there are naive sheep that still fall for these sort of hyped up cloned EA…

Ok… it was wrong for me to make the last statement… I was once a naive sheep too… and it took me quite sometime to really look and learn about the ins and outs of the robot before realizing that this industry is crazy and I was a sucker…

Well, I cried as I took a deeper look at this new EA that was release I believe last week… No Loss Robot… www.ForexRobotNoLoss.com

nolossforex01

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The Caspian Sea (Update)

Filed Under (EA System) by Casey on 22-10-2009

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Thanks Daniel for the link…. Now I remember where I had seen that EA before… I did not manage to open it up because it was hidden nicely in my PipTurbo folder…

Anyway… took sometime to visit the site again…Yeah… his site is pretty interesting… On top of that he is giving out his EA for free… how cool is that… http://volatily-scalp.blogspot.com/

Hmmm… I wonder why I did not pursue his EA further the first time round… I smell a tiny project to do… :)

Anyway… here is a quick comparison… the images will do the talking for me… Read the rest of this entry »

The Caspian Sea

Filed Under (EA System) by Casey on 21-10-2009

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A few weeks ago, someone asked me about Caspian EA. He told me that this EA looks to have potential… but the site was in Persian or Arabic and could not seem to understand what the site offers.

I took a deeper look at this EA just a few days ago… manage to get my hands on the EA and had a look at it…

I did a backtest on it and the result was very similar to the one of FAPTurbo and DragonPips on EURCHF

I was pretty impressive but I am also very curious… Currency pair characteristics or another clone?

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Have You Ever Wondered?

Filed Under (EA System) by Casey on 17-06-2009

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Have you ever wondered about most of this BS scam that has been going around since early this year? Yes… I wondered about it most of the time. With the new EA that came out… theforexwonder.com. It makes me wonder even more.

It has the same smell as a piece of $hit that has just been sitting there.

But this post is not ALL about this new EA. You might say this post is old news but so far it has not been compile in a more clearer way. So now I am going to compile one very big shabang on these fu(kers… It is so sad that it originates from somewhere close to home.

Here are the the posts when I first started discovering this bullshit…

While I have to admit, someone has already raise a red flag or pointed me to the information on my blog but I did not really put focus on this issue until I got another email from Zeno of 4xproject.com about this new EA… theforexwonder.com

I think it is about time to relive this BS and smoke it to kingdom come.

Ok… let’s start. Read the rest of this entry »

Transformer got Decepti-CONned?

Filed Under (EA System, Journal) by Casey on 14-06-2009

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Is this true?! Optimus Prime got Decepti-CONED?

Well… As I was testing and trying out all the EA on my operation bliztkrieg which seems to be going up in smokes… I found out that Transformer is actually another free EA.

When Onur asked me to investigate this EA, I saw the source code and though it looked familiar… but I could not put my nose on it. I search almost all the source codes on my library but could not find any similarity…

Then when Zeno from 4xproject.com emailed to me with regards to Transformer being the same as Conqueror and Vampire (New EA) It hit me!

I went to check Forex Conqueror’s source code and there you have it…

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In Support Of the Innocent

Filed Under (Journal) by Casey on 05-06-2009

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It has come to a point where I start to continue to think what is right and wrong. When I wrote my post on Scam, Sham and All that is Bullshit! I realize that apart from my bottom line, one must make a stand when it comes to this industry.

Yes, I have been guilty of downloading some EAs for free, cracking the codes and freely using it like there is no tomorrow… while I also have been a good boy and buying a few EA myself. Most of them were $hite…

So… I would like to use this site as a vehicle to promote those that are innocent… Well… more like promote those that I currently used LIVE on my account.

This is in support of those that are ‘innocent’ and has a good nature of probably improving their proprietary EA that these EA authors developed.

On one hand, I know a lot of people do not want to spend money not knowing if a product is good or not. That’s the reason why it can be easily gotten for free over the internet, if one were to search hard for it.

On the other hand, this leaves the real proprietary EA author in a dilemma. It might or might not hinder them from developing or improving their EA.

The argument is that, if it’s so profitable, then why don’t they use the EA themselves? The reply would be, if they don’t share it OR sell it, how would people like you and me, who does not or might not have the time to learn MQL language and build our own EA or even get a chance to participate in the worlds biggest market…

Because of the need to bring innovation out to the market, scammers and bullshiters prey on people/end users like us… to make a quick buck. In this industry where scammers and bullshiters exist… one dares not enter or buy an EA with their own money…. Some would, but most won’t…

So the internet naturally regulate themselves. Review and EA Test sites pop up like mushroom so that consumers don’t get scammed. Sure they will test on their own platform and give them their reviews. But with so many variables like which broker they use and which settings they have changed all the more cause their reviews to probably be bias.

So what could beat all this? To ensure that one is getting the right product that works for oneself. We need to test it OURSELVES…

When we test it we can be sure that it is good and profitable. Only then we purchase it.

That is the reason why some do offer a demo EA. But with the decompiler software… that makes it tricky. So no more demo version.

One might suggest to open a demo account and past the information to the EA seller to prove it to you. But that takes a lot of the sellers resources to prove it… Like in Enterra’s case, they probably used their own desktop or VPS, set up an MT4 platform and then test it out over a period of time. They only gave me 2 weeks. And that does not guarantee a sales.

Is that enough? No… it’s not… 2 weeks shows you $hit. If my Alfafah forex experiences was ever an example, two weeks without even backtesting it might prove deadly.

So how?

Again…. we need to backtest it, demo test it and then probably live test it OURSELVES. If it’s good, then buy the original.

Now… I am going to be a partly hypocritical here, of all the three EA, only FAPTurbo was legally bought by me. Cyborg EA was cracked and Xtreme was forwarded to me…

Yes… money is a bit tight for me. And as you can see… my bottom line has been messed up countless times. That’s the price I pay…

Having said that… Whatever my reason could be, I am going to make it up to these sellers and also to the potential buyers… You can download it from my library… back test it, forward test it and put it live… And if you are profitable, then I encourage you to buy the original…

For the EA that I used, I will give back what they call a rebate… or I will package it in such a way that you get maximum value for your purchase. I will need to figure out how to package it first. But it will be done…

My principles here needs to be fine tuned. So that everyone can be profitable…

Scam, Sham and All that is Bullshit!

Filed Under (EA System, Journal) by Casey on 04-06-2009

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Thought I would take a break from backtesting and write a piece on this. This morning I have been getting a lot of email alert about Forex Derivative EA. How it is a scam and what not?

Firstly, thank you very much to everyone who wrote in to me alerting me on this. While I don’t think I am in the business of uncovering scam (it happened by accident) I do feel that it is something that comes with this business of Forex EA or any other online or internet business for that matter.

Now I am not able to verify that it is a scam… but as the forum suggests

http://www.tradingsystemforex.com/commercial-expert-advisors/1530-forex-derivative-2.html

Forex Derivative This derivative EA uses  a code to manipulate backtesting results to curve fit it perfectly. While forward testing might not yield the same results… It never would anyway… but the point is…  It is deceiving and thus makes it unethical.

One of the reason I suspect, the author uses this code is to run away from the 56 days guarantee. Once the 56 days guarantee is over, the author keeps the money. And you get jack shit… You see, some will back test it… and if the backtesting result is good, they will forward test it… and forward test it take time. If one is not vigilant enough… boom… you will miss the guarantee dateline.

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Beware!! Poison Can Kill!!

Filed Under (EA System, Journal) by Casey on 01-06-2009

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Thought I post this one quickly just to ensure everyone is aware…

These fu(kers are really quick don’t you think? I’ll let the images do the talking this time…. :)

Poison Robot = Euro Blaster

Whois on both sites…

EuroBlaster

Poison Robot
So we know Euro Blaster came out first…

Now let’s take a look at the codes… shall we??

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