Quote:
Originally Posted by oilfxpro
Hi
Ask yourself two simple questions
If the system is good and making money consistently , why is he selling it?
All he has to do is trade it on auto lot and make MILLIONS $ trading it.Selling EAS for $100 to $300 is not very profitable compared to trade a good EA
Does he not have the confidence to trade his own system with real money?
Maybe a dodgy system /scammer here is promoting his scam .Where are his actual traded broker statements ?Are the profit claims made by a few scammers aiding and abeiting a scammer?
OILFXPRO
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It's a bit simplistic to believe that every winning EA can just average up its lotsize and turn cents into millions, though most newbies believe this to be the case (and no, I'm not suggesting you are a newbie!) - it all depends on the underlying strategy. A certain "200 Pip Challenge " is a case in point - you have newbies flocking to 'sign-up', even though the most that they can ever profit by is $2 bucks! Unfortunately, most are completely mesmerised by the '200 Pips' thing - is it any wonder that most people lose money.....
Your point about vendors not trading their EA's is spot-on though. There is absolutely no reason why every EA for sale shouldn't have real account results to back up its claims - it would cost very little and would aid hugely in selling the actual EA.
The reason they don't is that they know they aren't profitable...