TradeProfits

USDBOT Buzz – Another Scam?

Posted on 22. Feb, 2010 by Jakob.

Some time ago, I wrote about a new EA here on TradeProfits called USDBOT. I spoke to this guy Mark Trenton (if that is his real name), and he promised to help me out with the launch of Forex Hacking, if I put an ad for USDBOT here on TradeProfits. However, after the launch of USDBOT, Mark was gone and I never heard a word from him again. In addition to this, it seems that the USDBOT is an exact copy of another EA, namely a free one which can be downloaded over at the ForexFactory forum called Opto123. USDBOT was sold for $149, apparently with a bunch of upsells. The people behind USDBOT claim that they bought the EA from a developer, but the creator of Opto123 did not authorize this. After all the buzz, USDBOT was changed to a secondary version, which apparently uses a martingale strategy, which is very likely to blow your account. If you did buy the USDBOT, I suggest you ask for a refund and download the free version. Read more details about this over at 4xProject.

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4xMillion – A 4xProject

Posted on 13. Jan, 2010 by Jakob.

4xMillion is a new website created by the founders of 4xProject. 4xProject is a website devoted to testing new expert advisors; they are testing a large number of different EA’s and the page is a good source of information, if you consider buying one. 4xMillion is a new project, where the goal is to turn $1000 into one million, only through the use of expert advisors; a rather ambitious goal that is! 4xProject is the foundation of it, in that they will be using expert advisors which have passed 4xProject’s criteria’s, especially in terms of forward testing. The way I understand it, is that they will use a portfolio of different EA´s with customized settings, and change them over time when needed. Currently they use two expert advisors, namely MegaDroid and Forex Nuke. Although I don’t have much faith in the project, it should be interesting to see what the guys from 4xproject can pull off. I will be following them from time to time. Check out 4xMillion here.

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Forex No Loss Robot Loses Big Time

Posted on 27. Dec, 2009 by Jakob.

I have allowed myself to copy this picture from 4xproject, as I simply needed to share it. It doesn’t get much better than this!

 Read more... (104 words, 1 image, estimated 25 secs reading time)

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4Xproject Webinar

Posted on 23. Jul, 2009 by Jakob.

The guys over at 4Xproject are doing a great job keeping their blog updated. This is probably one of the best blogs out there on automated trading. They are reviewing every possible new EA, and gives detailed explanations about them. This morning I just got an email from them, about a webinar which they are hosting today. I plan on participating. The will cover the following topics; how to evaluate an automated trading system, how to identify scam and how to understand back tested results. My guess is that you will be allowed to ask questions as well, and they will probably do their very best to give you the right answer. It is free, so why not join in.  Read more... (143 words, estimated 34 secs reading time)

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