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Md. Shahadat Hossain
614
Md. Shahadat Hossain 2015.10.17 09:37 
surprisingly discover one thing that there are many signal in this community those started with 2/3/4k+  growth% in their 1st month with very low drawdown then come to below 20% growth per month when they attached their account to the community. i dont know how they manipulate those numbers, bcz most of the time their brokers are newly established one and use cent accounts. if u check those accounts you will find they are so name trade opened initial stage of their account in same time but price is very different and all makes profit, seems like they just took trade and price goes in their way, so that they can keep downward in to minimum level. here is one of signal providers subscribed users comment:

""Hi. I'm not trying to be negative here in any way. I even subscribed. But I see that 45 orders or 1 lot each were open on 01/09. That's 45 Lots. After orders opening, orders went for around 50 pips average drawdown (that's around 23k). If those orders ever went to SL, that's 45K. So how is that 5-10% risk max? Believe me it's an honest question and not trying to undermine the signal in any way.'''
 image attached.

my point is if a trader make 20% in one month s/he should make at-least 2-3% on avg in other months, bc it may happen that market moves so fast so that they make big amount of growth in one month and that can happen, but after getting 2000% growth in one month(specially in 1st month) then their growth decrease to 5-15% on month, how much % they loose?  and those big growth gainer most of the time used very newly establish broker with cent account.

If they are confident on their trading why not put normal amount of money instead of using cent account, and i dont know how that manipulate data with new brokers, if u check this kind of account which have very large growth in 1st month then drops to normal growth rate which is very low to compare with initial growth ull find these things:

1. cent account,
2. new broker non reputed
3. so many trade opens in same time all goes profit

i dont know how they manipulate those data on mt4 but surely there is something wrong what is tjey are making.

Bcz i new one such account which had 300+ subscriber (i was follow that account for 2-3 months) and provide signal for 4-6 months now closed, all s/he required to make money from subscriber fees for few month than gone.

Most of the high growth( like 1000+ %) in 1st month are similar to this, they dont provide signals for long term just attract ppl by their high growth rate get signal fee and then gone.
Carl Schreiber
6609
Carl Schreiber 2015.10.17 10:39  
Md. Shahadat Hossain:
surprisingly discover one thing that there are many signal in this community those started with 2/3/4k+  growth% in their 1st month with very low drawdown then come to below 20% growth per month when they attached their account to the community. i dont know how they manipulate those numbers, bcz most of the time their brokers are newly established one and use cent accounts. if u check those accounts you will find they are so name trade opened initial stage of their account in same time but price is very different and all makes profit, seems like they just took trade and price goes in their way, so that they can keep downward in to minimum level. here is one of signal providers subscribed users comment:

""Hi. I'm not trying to be negative here in any way. I even subscribed. But I see that 45 orders or 1 lot each were open on 01/09. That's 45 Lots. After orders opening, orders went for around 50 pips average drawdown (that's around 23k). If those orders ever went to SL, that's 45K. So how is that 5-10% risk max? Believe me it's an honest question and not trying to undermine the signal in any way.'''
 image attached.

my point is if a trader make 20% in one month s/he should make at-least 2-3% on avg in other months, bc it may happen that market moves so fast so that they make big amount of growth in one month and that can happen, but after getting 2000% growth in one month(specially in 1st month) then their growth decrease to 5-15% on month, how much % they loose?  and those big growth gainer most of the time used very newly establish broker with cent account.

If they are confident on their trading why not put normal amount of money instead of using cent account, and i dont know how that manipulate data with new brokers, if u check this kind of account which have very large growth in 1st month then drops to normal growth rate which is very low to compare with initial growth ull find these things:

1. cent account,
2. new broker non reputed
3. so many trade opens in same time all goes profit

i dont know how they manipulate those data on mt4 but surely there is something wrong what is tjey are making.

Bcz i new one such account which had 300+ subscriber (i was follow that account for 2-3 months) and provide signal for 4-6 months now closed, all s/he required to make money from subscriber fees for few month than gone.

Most of the high growth( like 1000+ %) in 1st month are similar to this, they dont provide signals for long term just attract ppl by their high growth rate get signal fee and then gone.

Well it is much easier to get money from clients than to make money from trading!

I knew a broker that offered investigator-access to an extremely successful EA-account. Pip were raining into the account! But as soon as I tried to copy the prices at the same time on another account (placing Objects for open and close trades) I saw it was nothing but a fraud.

Md. Shahadat Hossain
614
Md. Shahadat Hossain 2015.10.17 10:48  
calli:

Well it is much easier to get money from clients than to make money from trading!

I knew a broker that offered investigator-access to an extremely successful EA-account. Pip were raining into the account! But as soon as I tried to copy the prices at the same time on another account (placing Objects for open and close trades) I saw it was nothing but a fraud.

yes you are right,  this kind(mql5) comunity is very helpfull for trader in investors(copiers)  but for cheating ppl lossing money and faith on good traders.
Md. Shahadat Hossain
614
Md. Shahadat Hossain 2015.10.17 11:53  
There are brokers active, that create a live signal with very good results on a fake live account, the goal is to attract as many subscribers as possible.
Usually they write things like please use Broker X or for best results use Broker X,
once they gathered enough subscriber funds, they try to blow out as much accounts as possible in just one strike.
It can be considered, organized crime, but as you know, financial markets is the most corrupt business in the world.
Depending on what your goal is you have to have several security measures in place to prevent your account.
Only 4 out of 100 people get to keep some profit.
Way's to identify these specific brokers signals, it is possible.
The user recently signed on MQL5,
Does not respond to private messages,
Has no friends,
And has a too good to be true track record of the signal.
Once they got all subscriber funds, the signal and the user, vanish.
Mirko Cerulli
10259
Mirko Cerulli 2015.10.17 11:53  
This was discussed several times.
We must learn to read all the numbers... And dates!

 

It's so from the dawn of time,

Before and after MQL5,

Inside and outside of it.

 

Magic potions, Wizards and Fortune Tellers. And now: Digital Miracles :)

As long as there are people willing to buy illusions, there will be people willing to sell them!

Even getting outstanding performance "honestly" ... How likely is it to repeat the same performance in the same period and the same system? 

https://www.mql5.com/en/forum/60013


How to identify scamming signal
How to identify scamming signal
  • www.mql5.com
2) Scam signal provider always used cent account but the account currency is indicated in USD such as Procent server. - - Category: general
Marco vd Heijden
Moderator
4706
Marco vd Heijden 2015.10.17 12:04  
So the solution is.......drum roll..... sell illusions.
Mirko Cerulli
10259
Mirko Cerulli 2015.10.17 12:13  
It depends on the problem that you place yourself...
Or better:
On wich side of the problem you place yourself: Scammer, Scammed or Neutral.
Marco vd Heijden
Moderator
4706
Marco vd Heijden 2015.10.17 12:20  

How about, Teacher

This so called illusion often turns into knowledge, which is priceless.

Mirko Cerulli
10259
Mirko Cerulli 2015.10.17 12:23  

No doubt. Here we are talking about something quite different.

Marco vd Heijden
Moderator
4706
Marco vd Heijden 2015.10.17 12:24  

I disagree.

The lesson here is do not hand over control.

A very valuable lesson.

Mirko Cerulli
10259
Mirko Cerulli 2015.10.17 12:32  
I agree

I did not yet clear on what we do not agree.

There aren't spells sellers? Are we imagining anything? Discussing something that does not really exist? 

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