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May we ask ourselves something about this and other systems and EA's for sale?
Why if it works so well, does the seller, not have at least $200 to put in a mini account and trade it with nano lots?
1 cent per pips now if they cant afford to lose 1000 cents whats that saying?
Demo results are different than live a bit, but not only that, just the fact that the seller doesn't have the confidence in there own product to use it on there own money.
This should come into anyones head when buying a system and save wasting your money.
May we ask ourselves something about this and other systems and EA's for sale?
Why if it works so well, does the seller, not have at least $200 to put in a mini account and trade it with nano lots?
1 cent per pips now if they cant afford to lose 1000 cents whats that saying?
Demo results are different than live a bit, but not only that, just the fact that the seller doesn't have the confidence in there own product to use it on there own money.
This should come into anyones head when buying a system and save wasting your money.
I have posted this suggestion a number of times, along with newdigital deleting the thread of those who fail to comply. newdigital finds this an unreasonable and unworkable suggestion!
It's up to the sellers and evaluators.
If the seller is testing his EA using real money so it is very good of course.
But for existing commercial threads it will not work in this case because of the following:
- we must wait for few months untill the seller is testing on real account and keep the thread open
and in the same time
- the seller will get some 100s customers
and if the test is failed so
- all those customers will say that admin is supporting the scam (as el cid said many times).
So, it is the better to delete the thread and to suggest the seller to come back one more time when ready.
It's up to the sellers and evaluators.
If the seller is testing his EA using real money so it is very good of course.
But for existing commercial threads it will not work in this case because of the following:
- we must wait for few months untill the seller is testing on real account and keep the thread open
and in the same time
- the seller will get some 100s customers
and if the test is failed so
- all those customers will say that admin is supporting the scam (as el cid said many times).
So, it is the better to delete the thread and to suggest the seller to come back one more time when ready.
newdigital, all of these are valid points - but:
bottom line - Buyers are buying these EA's, not to demo, but to make 'real' money with. Sellers are selling these EA's on the basis that they do exactly that, but in the same breath, refusing to even open a nanolot account to backup these claims.
Let's be clear about this, a single (cheap) sale would cover the cost of setting up such an account, so money is not the issue. The reason (as you well know) that it is not done is because 90% of EA's on sale either are curve-fitted rubbish or martingalers of some sort. Another 9% are closely guarded, never to see the light of day. Who knows, maybe one or two 'gems' exist in what's left! What really annoys me is that these simple facts are even debated...
Granted, if you were to impose a 'real results required' condition on Sellers, there may be some controversy initially, but this would very quickly subside as the 'Pretenders' were 'outed' by their dismal results.
In almost every other avenue in society, 'Consumer Rights' is the watchword - here, that ideal seems to have been thrown on its head, with the Sellers interests always seeming to take precidence.
Last edited by omelette; 11-27-2007 at 08:07 PM.
Reason: Left an 's' of 'Rights'... :)
Remember Pelele? His EAs cost 5,000 and 25,000 and work on demo account but not for real ...
The vendors will go to evaluation thread first with please-evaluate-my-EA request. Then someone will discuss with vendor this subject and will evaluate so it's up to their agreement, or "agreement". And we will accept commercial thread for posting or not, based on evaluator's information. So, in this case my opinion will be just one of the many many other opinions.
Of course, the real account is better and we will cut many scammers from the forum by this rule. They can deposit 50 dollars in liteforex to have 5,000 on deposit (0.001 lot size). Or 10 dollars to have 1,000 deposit (in cents). That's not a problem.
I am getting some PMs ... and as I know many forums are looking at our actions trying to understand about what we are doing with commercial threads and why
bottom line - Buyers are buying these EA's, not to demo, but to make 'real' money with. Sellers are selling these EA's on the basis that they do exactly that, but in the same breath, refusing to even open a nanolot account to backup these claims.
Let's be clear about this, a single (cheap) sale would cover the cost of setting up such an account, so money is not the issue. The reason (as you well know) that it is not done is because 90% of EA's on sale either are curve-fitted rubbish or martingalers of some sort. Another 9% are closely guarded, never to see the light of day. Who knows, maybe one or two 'gems' exist in what's left! What really annoys me is that these simple facts are even debated...
Granted, if you were to impose a 'real results required' condition on Sellers, there may be some controversy initially, but this would very quickly subside as the 'Pretenders' were 'outed' by their dismal results.
In almost every other avenue in society, 'Consumer Rights' is the watchword - here, that ideal seems to have been thrown on its head, with the Sellers interests always seeming to take precidence.
Agreed.
I test all my own on live account with small lots.I never use demo unless im gonna do something crazy.Demo results I couldn't care about.
There should be a huge sticky post at the start of the commercial section for newbies and seekers of systems and EA's stating,
"Attention newbies and person's looking to buy a system or expert advisor."
"Any system or Expert Advisor being sold here on the basis of demo trading or back testing should not be considered to be realistic on actual profit's"
I'm not against any optimizing EA. but need to ask: with you try to optimize the EA from time to time, does the long term performance will better, as the optimization work for short time only.
can you explain more detail why you need to optimize it, I hope it's not the same with try to tweak it.
May we ask ourselves something??
Linear Mode
