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VIDEO #6: MT4 Expert Advisor Scams

Discussion in '5 Forex Scams Used in EAs, Indicators and Signals' started by Ea-Coder, Dec 26, 2016.

  1. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    SCAM #5: Expert Advisor Scams

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    Avoid Expert Advisors and strategies that:
    1) Use Martingale trading style to recover from losses (increasing lot size)
    2) Use Grid trading style to profit in every direction (lots of BUY and SELL trades at the same time)
    3) Place stop loss far away or do not use stop loss at all (unless you protect your account with Equity Sentry EA)
    4) Hold trades for a very long time
    5) Close trades in seconds (scalping strategies)

    Register for webinar about how to protect your MT4 from drawdowns, get a FREE gift MT4 App "Equity Margin Alert" and learn more about the Equity Sentry EA.

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    - Rimantas Petrauskas
    The secret behind successful Algotrading is
    managing a portfolio of many automated strategies.

    Rimantas Petrauskas >>



    5 Forex Scams Used by Providers of EA, Indicators and Trading Signals video series created by Rimantas Petrauskas - algorithmic Forex trader, programmer and creator of many MT4 Apps.
     
  2. marcesimas1972

    marcesimas1972 Recruit

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    Always excelente!

    Many thanks!
     
    #2 marcesimas1972, Jan 4, 2017
    Lasted edited by : Jan 4, 2017
    Ea-Coder likes this.
  3. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    Thanks ;-)
     
  4. ericand42

    ericand42 Recruit

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    Thank you for taking the time to remind me and keep me focused.
     
    Ea-Coder likes this.
  5. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    Glad to be helpful.
     
  6. IrwanI

    IrwanI Master Sergeant

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    Very use full information.
    Thank You.
     
    Ea-Coder likes this.
  7. Ea-Coder

    Ea-Coder EA-Coder.com Representative

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    Thanks. Glad you like it ;-)
     
    VKMAZHAGAN likes this.
  8. VKMAZHAGAN

    VKMAZHAGAN Private

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    Use full information.

    Many thanks
     
  9. CryptoatForex

    CryptoatForex Recruit

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    Seen a lot of these myself and fallen foul of 1 too :(
     
  10. Michael500

    Michael500 Recruit

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    Yes ages ago I bought Mark Larsen's GPS Forex Robot which is supposed to operate on 4 different pairs .
    Well in all that time they have not placed 1 trade on my Axi Trader MT4 real or demo accounts .
     

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