Discuss EinsteinTrader.com (William Morriso)

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[JohnDCanning]

There is a major scam taking place between Blackwell Global and the producers of the Einstein Trader EA. The producers of the Einstein Trader EA run a number of "Live" accounts with BGI that purport to show the results of live trading using the EA. However, when I set up an account with the same broker, and used the same recommended VPS provider (CNS), the results were vastly different from these "Live" accounts. I was told that this was due the the liquidity providers not being based in the same location as the broker and the VPS, which seems a bit odd given that the reference accounts did not have this issue.

There is something deeply suspicious taking place here, as my account lost around 25% during the month or so that I held an account whereas the "Real" reference accounts made 10% profit during this time. Avoid both this broker and the Einstein Trader EA like the plague. They are both scams.

 

[StrikerBob]

There is a major scam taking place between Blackwell Global and the producers of the Einstein Trader EA. The producers of the Einstein Trader EA run a number of "Live" accounts with BGI that purport to show the results of live trading using the EA. However, when I set up an account with the same broker, and used the same recommended VPS provider (CNS), the results were vastly different from these "Live" accounts. I was told that this was due the the liquidity providers not being based in the same location as the broker and the VPS, which seems a bit odd given that the reference accounts did not have this issue.

There is something deeply suspicious taking place here, as my account lost around 25% during the month or so that I held an account whereas the "Real" reference accounts made 10% profit during this time. Avoid both this broker and the Einstein Trader EA like the plague. They are both scams.

 

[StrikerBob]

Problem is that all owner accounts on MYFXBOOK are real alright real demo accounts, so you will never match them. After I figured that out set out to figure the Bot out and last week I made +17.5% fromET on a new account.

 

[JohnDCanning]

Blackwell have been in touch with me and explained the situation with the "Real" accounts. They were not, in fact, Real, but actually Demo accounts being falsely described as Real on MyFXBook. They therefore gave a misleading view of the true performance that might be achieved on a true Real account.

I would like to retract my comments about Blackwell Global being a scam - they are no such thing. Blackwell's customer service is excellent, and I would recommend them wholeheartedly as a forex broker.