Another website selling EA
Here's a statement they've posted....
We could probably find out what kind of strategy it's using.....
If you want to buy an EA then you should be sure they can provide you a trial period [with some expiration date built in]. Do not trust backtests since I can make 1 + 1 equal to whatever you want..... Many systems or EA sold are not used in live trading nor can you take their word for it that it is.... I can give you testimonials under facetious names if I wanted to see a you an EA or system also.... Just like someone can post things in this website under so many different names...
They are crooks...
If no address and telephone on web site,
they are crooks.
B.
Phonehome,
that is a live account statement posted by an user just before your post.
By the way, that system uses 1000 pip stop loss, so have to be careful.If its a real live trade statement then I hope they are willing to let you try it out for a week or two to see for yourself. I know that anyone can post results whether real or not and make such claims. Anyhow, if I had such a large account, I could use a S/L of 1000 PIPs. Can you afford to lose a 1000 PIPs? Yes, one day it will come back....
This EA is from this eBay seller http://cgi.ebay.com/Automated-Forex-Trading-System-MetaTrader-4_W0QQitemZ180018382677QQihZ008QQcategoryZ102332QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Now, someone from the yahoo group bought the EA, tried it live and lost money. They posted their statement here http://f1.grp.yahoofs.com/v1/AIfoRESSe4qCEFiOxA063iGKuTQiGnZOcJLdWEBrCvH_3M5DodQyUxtga76Zjvnx_XzEf24t8FUNghGuUm43NsH17e9FIko7/DetailedStatement.zip
Lastly, the statement posted, well I don't think it is from a real account, so ask the seller to provide a statement that is has trades longer than 1 month (and not doctored) then you will know!
There is another eBay seller http://search.ebay.com/_W0QQsassZarchgnetQQhtZ-1, who is selling an EA. Now this seller is the guy with the user id techinvest (don't ask me how I know).
Look at one of his auctions and the bs that he writes in it http://cgi.ebay.com/Automated-Forex-Trader-Make-money-while-you-sleep_W0QQitemZ250019835575QQihZ015QQcategoryZ47103QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Then take a look at his performance in the current interbank mini contest
http://www.interbankfx.com/contest/brag.php?nickname=techinvest
Attached is also a screenshot
Now ask yourself, what happened to making money while you sleep? Then look at all those very naive people bidding on his auctions.....
I am not saying that techinvest does not have a good EA for sale, I am just getting you to think a bit before you decide to part with your money.
You can vist techinvest's website at http://www.archertrading.net
This EA is from this eBay seller http://cgi.ebay.com/Automated-Forex-Trading-System-MetaTrader-4_W0QQitemZ180018382677QQihZ008QQcategoryZ102332QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Now, someone from the yahoo group bought the EA, tried it live and lost money. They posted their statement here http://f1.grp.yahoofs.com/v1/AIfoRESSe4qCEFiOxA063iGKuTQiGnZOcJLdWEBrCvH_3M5DodQyUxtga76Zjvnx_XzEf24t8FUNghGuUm43NsH17e9FIko7/DetailedStatement.zip
Lastly, the statement posted, well I don't think it is from a real account, so ask the seller to provide a statement that is has trades longer than 1 month (and not doctored) then you will know!I think it is one of those grid trading type of systems. It works most of the time, but when it slips, it wipes your account.
There is another eBay seller http://search.ebay.com/_W0QQsassZarchgnetQQhtZ-1, who is selling an EA. Now this seller is the guy with the user id techinvest (don't ask me how I know).
Look at one of his auctions and the bs that he writes in it http://cgi.ebay.com/Automated-Forex-Trader-Make-money-while-you-sleep_W0QQitemZ250019835575QQihZ015QQcategoryZ47103QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Then take a look at his performance in the current interbank mini contest
http://www.interbankfx.com/contest/brag.php?nickname=techinvest
Attached is also a screenshot
Now ask yourself, what happened to making money while you sleep? Then look at all those very naive people bidding on his auctions.....
I am not saying that techinvest does not have a good EA for sale, I am just getting you to think a bit before you decide to part with your money.
You can vist techinvest's website at http://www.archertrading.netThe equity curve for this system looks like the equity curve of the system posted by the previous member. The sudden jumps in equities, and spikes, make be believe that these are some variations of grid trading or cost averaging. Please correct me if I am wrong.
Both these sellers, who may indeed actually be the same seller, are using a form of Martingale progression to place trades - look at the statements you will see - you increase the lots until the trade goes your way.
Now, I know which scripts these EAs are based on (they are from another forum and these sellers basically have modified EAs on that forum to sell them). I have also seen these EAs wipe accounts completely, so yes they can make you money but also they get lose your whole money very quickly as can be seen by techinvest's current mini account results.
Lastly, the statements from techinvest on his eBay auction, well, they are all probably demo statements -> less than 3 weeks etc.
I can see why he is selling the EAs on eBay - he needs to make back the money he lost in the mini contest! 
Oh well, some sucker will buy them!
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HI Guys,
Have a look at this website.....
http://www.fx-ea.com/index.html
I Found it while I was searching internet for EA Sellers...I am not sure if it is true/real or not.....
What I dont understand is if they are making $$$$$$ then why are they selling it for that cheap..!!!!!!!!!!
Thanks
Babar