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Has anyone actually used an EA for passing their prop firm challenge and maintaining their prop firm accounts over a long period of time? If so, do you have proof? Trade history on myfxbook, for example? Thanks!
Has anyone actually used an EA for passing their prop firm challenge and maintaining their prop firm accounts over a long period of time? If so, do you have proof? Trade history on myfxbook, for example? Thanks!
MyFxbook is a scam . well it can be gamed and is very much so , verified lies is all it is .
Yeah, it's more like MyEffectsBook. 😁
Special effects, that is.
Has anyone actually used an EA for passing their prop firm challenge and maintaining their prop firm accounts over a long period of time? If so, do you have proof? Trade history on myfxbook, for example? Thanks!
I know this is an old thread and the op hasn't answered this thread at all. Makes me wonder why.
But anyway, its funny to see people here ask about prop firms or how to pass some prop firm challenge.
Sometimes I think people are just plain stupid or they are bored and don't care if they lose their bank account.
If you cant make money trading the regular way to begin with, how do you even think you can pass some fake challenge from a so called prop firm.
Specially since the online prop firm game is rigged, its made to take your money.
They make you pay to try and win some challenge, come on really. Sounds more like a Ponzi scheme.
They use their own rules outside of the trading itself, which makes it harder than trading without the "prop firm".
Only 7% gets money paid to them, doesn't mean that you will gain more than the fee you payed earlier though. (its all math and the prop "Ponzi" firms have the upper hand)
But hey, you can sign up for a new challenge and pay the fee again if you like to try again.
Some facts about real proprietary firms.
People working there are usually top of their class, like skilled programmers or former class A math students.
They are not based on some stupid test on a demo account. (They do have test though, in the form of math, programming and stress tests)
They are located in an office, not online.
They headhunt their next employee from the top universities or firms like Google and Meta, not some advert in a forex forum or some demo challenge you need to pay for.
They give you a large account to trade with. (After you pass their math, programming and stress tests)
They pay you a salery and bonuses if you do well. (Large paychecks if you do well)
They will fire you if you don't manage to gain your account.
MyFxbook is a scam . well it can be gamed and is very much so , verified lies is all it is .
How can one fake a verification?
there used to be sites that showed how it can be done, but basicly, there were ea sellers with cooperation of their brokers who manipulated the trade history which then looked better on myfxbook.
and once upon a time you could upload your trade statement to myfxbook; which the trader/uploader could easily manipulate in excel. but this button does not work anymore.
[T]here were ea sellers with cooperation of their brokers who manipulated the trade history which then looked better on myfxbook.