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Originally Posted by project1972
Hello aparsai,
I don't want to destroy your business here, more than that my post is only to request your support.
I am testing your demo version on FXDD, IBFX and NorthFinance broker.
1-- I run 6 demos and my results are almost breakeven/loss, nothing compared to the ones posted by you.
I am using ServerTime 0 on IBFX and 2 on FXDD,NF. Is that correct ?
2-- Under the US consumer Laws in some states of the US if a consumer buy something he is entitle to get something in exchange, If I bought a car and the car fail to perform I have the right to ask the manufacturer to buy it back.
If the car have a manufacturing defect and I get injured in a car accident I have the right to sue the manufacturer and get paid for everything (Car and my personal loss)
Now there are a lot of EA sellers out there. 99% are simply scam, and I still have to find the other 1% some of they have protected his EA against the backtester to hide the real crash their EA will do on our accounts.
My question is:
If I buy something from you and your EA fail to perform and My LIVE accounts show documented losses after one year of use, under the US law of non performance, you are liable to refund my money including my losses, not matter how many disclaimers you have, If I gave money to you in exchange for something you should accept your liability.
Will You accept this liability ?
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Hi project1972,
Thanks very much for your post. The correct server time for IBFX in summer is -1. The FXDD time is 2 but as far as I remember the correct time for NF is 1. I will very soon publish a text that clarifies the server time for every broker. Until then you can refer to the following post from Forex Factory for more information about the server time.
http://www.forexfactory.com/showpost...&postcount=373
Your results can be different from mine due to several reasons.
1. The broker that you pick. My broker is MIG FX.
2. Incorrect _server_time settings
3. The Internet connection and connection to the broker's server
4. The duration of forward-test
5. The absence of position sizing tools in demo files
I use VAR=5% for the top-5 EAs and VAR=1% for the rest of EAs on my forward-test account simply meaning that top-5 EAs define the major direction of my account balance growth or draw down. When you use a demo PipBoxer you need to look into individual pairs and see how they acted.
For example when you trade fixed lot size of 0.1 lots if a GBPJPY trade loses 240 pips you lose roughly 200 dollars and if a ERGBP wins 30 pips you make roughly 60 dollars so in total you lose about $140. On my system because I set VAR=5% for both pairs no matter how many pips they lose they almost lose the same percentage of account balance so the GBPJPY loss is almost covered by the EURGBP profit meaning that I might even gain a few dollars. This is the beauty of Risk Management.
US Consumer Law
Unfortunately you have not understood the law correctly. I won't explain why and how but I have done my research. You are purchasing an EA absolutely at your own discretion and your gain or loss is yours.
PipBoxer is not an scam. It's transparent, well explained and open to everybody. I let you have the demo version. If you feel it's a loser you can simply ignore it. If you feel it's a winner you then decide to purchase it. I do not encourage anybody to purchase my system. Every months thousands of people download the demo and only a small percent of them purchase the system. I don't mind. I prefer gradual growth and a handful of happy customers rather than thousands on unhappy ones. I support them, update the system on a monthly basis, and review it constantly to make sure than they and I stay profitable.
Please let me know if you have further concerns and I'd be more than happy to answer.
Good Luck,
Al