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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Decompiler’s Accuracy

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

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Decompiler… Is it the greatest way to get your EA free by decompiling it and then change the settings in order to be free from license requirement?

Well, I just found out that the answer is both yes and no. Yes, in a way that you can change the codes to take out the license requirement.

And no it’s because of the EA that is being decompiled is not the full 100% version of the original EA that it was build on.

Let me explain. I got an email from a visitor and he asked me if the decompiler will be able to decompile an ex4 to it’s original version which includes the original variable name. I told him I do not know. I just decompile, read the codes and find out how it makes sense and then just adjust it accordingly.

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What I Have…

Filed Under (Journal) by Casey on 31-03-2009

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UPDATE : Edited for clarity purpose… Since the post ‘Finally Decompiled’ was forced to be taken down. This would be in references to ‘Finally Decompiled Revision 1’ (Which at the time of this update is till being edited also for clarity purpose

I wasn’t too sure if I wanted to share this finding on my previous post ‘Finally Decompiled ‘ but I guess I should explain this first.

I did mentioned that when I decompiled FAPTurbo 36 and 37. I found that the two ingredient to make FAPTurbo work. One needs both the LICENSE copy and the ID KEY in order for this EA to work.

The author manage to hide this two sub routine or sub programs very well in the dll files so even if I manage to find the flaw within the to run even when the LICENSE expires. One would still need the ID KEY.

So what am I trying to get here?

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ex4 to mq4 Decompiler 220

Filed Under (Journal) by Casey on 26-03-2009

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I manage to get my hands on the new decompiler 220… Ok… it’s not new. MT4 now is on version 221 and some on 222. So this is what you can all an old software.

It is not that ‘old’ as one might think… It still seems to be very difficult to get hold off this software. Google it and you will need to dig very very deep in to find it.

Most of the time when I manage to find the page, it’s either the link had been taken down or download failed or the file is corrupted orrrr… someone trying to make a quick buck to sell something which I don’t know if it’s genuine.

Anyhow, having manage to get my hands on this Decompiler version 220, I am now branded as ‘Running with the Pirates’. I mean it’s not that I am not doing it already. When I set up my download page, I am already considered infringing copyright law. But in the internet, almost everyone is guilty of infringing this law, the question is to what extend.

Anyway, how I got my hands on this software was that someone on the internet was kind enough to share it with me. Since he though my site was pretty cool *blushing* (Many thanks for that) and thought that this might help me with my search or whatever I am doing with forex EAs. The only condition that he asked from him in return is that I CAN NOT share it or upload it on my site.

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