How would you like to pay for one EA and find that what you get is an overpriced and illegal copy of another commercial EA? Worse, how would you like to pay good money for an EA and find it's an illegal copy of a
free EA.
That's what two of the newest EAs on the market seem to be – pirated versions of other EAs. We've seen accusations like this before, but this time there's some very solid evidence to back up the accusations.
Both of these were brought up in a pair of reviews left by Kev from New York. One of our review moderators pointed these out to FPA's AsstModerator, and he contacted the sites that had evidence as well as the original sources of the EAs.
One of these pieces of software is EA-Boss. It seems to be virtually a line-by-line clone of FapTurbo, but costs a lot more (currently $699 vs $149). BestForexEA's site shows just how identical the code is. FapTurbo's abuse team also confirms the code shown is genuine. If you've bought this pirated piece of software, we suggest you to contact Plimus and request a refund immediately.
The other is TheForexMagicMachine. This seems to be a reverse-engineered version of a
free EA available from TradingSystemForex. Some things in life really are free – but that doesn't give someone else the legal right to rename and resell them for a profit. BestForexEA's site shows the code similarities, and 4xProject's site shows identical backtests once the settings from the free version are synced up with the copied version. Just to add an additional unethical advertising bonus, the website promises free lifetime upgrades, but purchasers are then offered an upgraded version for more money – that version is also copied from a free EA from TradingSystemForex. If you paid your money for this pirated software, you can apply for a refund at ClickBank.
The FPA had acquired versions of both of these for our Performance Testing. Under the circumstances, we plan to stop the tests today. The results for the time they were running may be left available, but no further forward testing of this software will take place. This decision will be revisited if the owners of these websites can prove that this was all just some sort of misunderstanding.
We wish to thank Kev, the FPA's Review Moderators, FPA's AsstModerator, Donna Forex, FapTurbo's Abuse Team, TradingSystemForex, 4xProject, and BestForexEA for their contributions to this article. We hope the owners of the copyrights on these pieces of software us all legal means to seek civil and criminal judgments against those who broke copyright laws.
Official Scam Finding
TradingSystemForex.com Thread on Forex Magic Machine
4xProject backtest of Forex Magic Machine
4xProject backtest of free Vforce EA Showing Identical Results to Forex Magic Machine
BestForexEA research on Forex Magic Machine
BestForexEA reasearch on EA-Boss