To anyone contemplating the purchase of "Tom's EA" from Dustin Pass, let me make some things VERY clear to you, in order to save you the 2K they want to change you.
1. I just took part in what was explained to me to be a "LIVE" webinar, that was supposed to be LIVE, meaning that Dustin would be talking in real time, and would be showing up to date and current trade performance of Toms EA. Instead of that happening, I sat through a pre-recrded webinar that was promoted as if it was Live. How do I know that...well it's pretty easy to tell when Dustin says" I'm going to show you all my real account performance. These are from my real account". He then shows a page that has trades up until June of 2013 (It is October 11th 2013 as I write this), and also shows his My FXBook trade results that also shows trades only up to June of this year. Plus, even the live price feed he was showing of currency pair prices was showing prices of the EURUSD from June of 2013. So I had the pleasure of watching a 4 month old pre-recorded webinar, that these unethical and money obsessed charlatans promoted to me as being LIVE and real time.
2. Go to Dustin's website,
Forex Trader's Daily Forex Trader's Daily - Forex Trading and Forex Training , and try to find a contact tab. Try to find anyway to contact them on their website. Opps, no luck. So they will try to sell you a 2K EA, that has no recently verified results (you can only find up until June of this year in any of their webinars), and yet don't even have a contact tab on their website.
Let me make this clear to you all....if an EA made the returns Dustin promotes that Tom's does, you and I and every other trader would NEVER EVER HEAR ABOUT IT. Because if it actually made money for more than a short finite period in time, it would be kept private and exclusively used to manage large accounts in the capacity as black box system, as is the case with hedge funds and money managers. In other words, if it really worked long term, and consistently made over 2% net per month, it would NEVER be sold to the general public. It would be used to trade the accounts of large investors, and Dustin would be making several million a year as a funds manager. Just drink a stiff cup of coffee so that your brain is firing on all cylinders and ask yourself...if you had a piece of software making over 2%/mo (this is the threshold that separates the under/average performing money managers from the real superstars that are able to do more than 25 net per month), would you sell that golden goose software that lays golden eggs for 2K a pop, having to market the heck out of it every month...OR would you keep the software to yourself, make great returns, get them audited by an accounting firm, and then go out and raise tens of millions and make MUCH more money managing the accounts of others?
I wanted to watch the webinar today, just so I could see what new system Dustin would be marketing that he would invariably and inevitable over sell and consequently saturate the market with...just like he did with the RSS (then to be renamed as the Oracle Trader once the RSS had a bad name for being sold to everyone and their grandmother...and their cousin....and their best friend...and their third grade teacher....and the teacher's dog....and the dog's fleas...and then after Dustin had sold the software to every organism with a pulse, then it would be finally offered to you as a "buy it NOW!, only 46 copies left, get it before it's to late"). I wanted to watch the webinar just so i could see first hand what amazing, "never before seen by the public", "secret weapon the banks don't want you knowing about" piece of software he would be marketing. Don't get me wrong, Dustin has had some good pieces of software. The RSS and StraddleTraderPro are two of them...but the problem lies in the fact that Dustin over sell EVERYTHING, to the point that it's like being sold the 2565th seat to a movie that only sits 400 in the theater. He is so freaking money obsessed, that he sells 10, 20, maybe 50 times more subscriptions than he should, and then ruins his own product. just like he did with the RSS 6 years ago. Enough is never enough for Dustin. He over sells everything. You succeed with his products if you buy early....but soon enough to many brokers have traders all using his software, and success stops occurring for everyone.
As for Tom's EA....please remember, if it actually made money, consistently, Dustin would:
- NOT have you watch what you are told is a LIVE webinar that is instead a PRE-RECORDED one from months earlier, showing performance from 4 months ago
- NOT even sell you the EA if it REALLY made money long term, because NO ONE in their right mind would sell their golden goose for 2K a pop when they could use it and make tens of millions a year managing the accounts of large investors.
To all you traders who are struggling to make money forex trading, please understand....there is no such thing as an EA that automatically makes large returns year in and year out, that is being sold to the general public. The automated programs that work and make money long term, are kept private for logical reasons. ever wonder why none of the EA's work long term...well, it's because they were curve fitted to perform well in a back tested environment. It's easy to make them look good for a few months. As or Dustins MyFXBook "verifiable results"....that's easy. Run 5 different copies of the same EA, using different settings for each and a different EA name as well, and open 5 accounts with MyFXBook. Then after a year, pick the EA that has had the best performance and market that while showing the live trade results, not telling anyone that you had 5 different accounts being traded by 5 different variations of the same EA. Market the hell out of the most successful iteration of the EA, until it blows up trading live, and then stop marketing the EA using live webinars...just use 4 month old pre-recorded webinars that showed the success the cherry picked EA used to once have.
Very simple everyone...IF the EA made lots of money, you'd be the last one to know bout it. Don't ignore the fact that Dustin just put me into a 4 month old pre-recorded webinar. Don't ignore the fact that their website has no contact information. Don't ignore that software that really makes money would never be sold to retail traders when it could be used to trade 100 million or more, yielding the owner of the software SUBSTANTIALLY more than the nickels and dime profits from selling it to retail traders.
I am trying to save you from buying a curve fitted EA that was simply the best performing of the 5,10, or 20 variations Dustin submitted to MyFXBook. Please wake up and smell the coffee. Save your money.
