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Highgainnorisk Ea

Discussion in 'Scam Alerts' started by jebrills, Apr 12, 2010.

  1. jebrills

    jebrills Recruit

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    Please can you investigate this guys who is presently selling the HGNR EA at HGNR FOREX EA I read a thread at Donna Forex saying that they are scam. I am about to make the purchase but need to be 100% sure they are the real thing before almost 5000 trader get scammed...

    This was the link where i read the article: Is this statement really from mt4live ?
     
  2. Pharaoh

    Pharaoh Colonel

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    Donna herself checked it out and said it's a scam. The people at MT4Live say the statement is fake.

    Loss insurance for a forex robot? ROTFLMAO!!!!

    Ask them to send you a copy of the insurance contract to look over. I see that you have to open an account with FigFx to qualify for 100% insurance. The robot churns the account, so they make huge commissions. According to their website, EA_HGNR_TURBO is able to generate an average 1000 orders per day . That means that in a single month can generate 22.000 closed orders. Let's see - if they get 1/2 pip and are using minilots (about $1/pip) on an account with $10k in it, that comes to $11,000 in commissions for them during the month.

    Oh, and you have to share 25% of your profits (if any) with them to qualify. Of course, if you open a $10k account with their preferred broker and make nothing, they still made somewhere around $11,000. If enough people not using their preferred broker get wiped out, then they'll very likely just disappear rather than paying the insurance.

    100% a month! Quick, call Ben Bernake so he can use it to solve the US fiscal crisis. :p
     
    #2 Pharaoh, Apr 12, 2010
    Last edited: Apr 12, 2010
  3. stevesmain

    stevesmain Sergeant

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    not likely

    If you have to go with Figfx then watch out as Fig does not like ea's. See their policy page about scalping policies. Fig just adjusted their policy to flush ea's out, so to think they will welcome another that will churn out orders like these #'s, don't think it will last!
     

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