Suggestion Signal2Forex Portfolio EA

I create this thread to tell you guys how this Portfolio EA is a BIG SCAM

The EA has a very good looking MyFxBook, it seems really to be an amazing robot !

BUT

there is a catch....The seller is a big scammer that uses an exploit of the MyFxBook website :
What you need to look at is ABS Gain


because ABS Gain is the returns over deposits. That means that the EA made 0.04 % since the beginning !

but how can he have such a great Growth curve ? Well that's simple :
1) he opens trades randomly : some closes in profit and others go into drawdown
2) he let the ones in drawdown opened, and move the SL away as it comes close to it (i've witnessed it)
3) the growth is good because he closes a lot of orders in profit so the Balance is good, but the Equity is really bad : the opened orders cancel all the profit: that's why the Balance chart is private. Guys son't look at growth but rather look at the Balance charts when you wanna choose a signal.
4) on his YT videos, he never show opened orders, and i asked the author to show me a screenshot : he never produced one.



this is an intricate and rather smart SCAM but a SCAM nonetheless...

stay away from it

Jeff

 

Thank you!

 

Ionone, that means only that when he made profit he withdrawal it adhoc no more no less..

That isnt a bug, that was always so MyFxBook if you made 100 dollar with 100 balance, you withdrawal it, you have 100% Abs and Total gain
you start again... you made again 100 dollar.. you have total 200% but 150% at abs gain

the total is the gain of the moment balance
ags is the gain of all included withdrawals or deposit

 

i hear you, but what if he didn't withdraw anything ? i tried the EA live AND on demo ok ? both behaved the same : the equity eats all profit

 

If the Equity is really bad, why the drawdown is so low?

 

yes that's what i wondered, i think it"s in the MyFxBook DD computation taking into consideration the Equity DD compared to investments

if you don't believe me, ask the author about a screenshot of his open trades.

anyway the EA was trading as i said : small wins but huge Equity loss, i even stopped in loss when i noticed SL was moved away from price

 

the 7%DD is when the equity falls under the lowest balance (the deposits in his case), it happens, it doesn't stays at +0.04% always

 

Thank you

 

SCAM but a SCAM - Signal2Forex Portfolio EA - SCAM but a SCAM

 

close all your orders, man, this won't get any better, that's what i tried to explain before...this is garbage, try to close all trades without loss if you can and look for another robot

 

SIGNAL2FOREX IS BIG SCAM.

 

thank you for the advide man

 

Please see: myfxbook.com

You might want to take a look at this MyFXBook profile: myfxbook.com/members/54Berlin/signal2forex-portfolio-eas/2670159
There is history since Sept. with withdrawals and fixed lot size...

-RB

 

Thank you for your sharing information, I bought this EA from them 6 months ago and my acc. already blown.
The live result very difference from his YT & Myfxbook, Portfolio EA is a BIG SCAM

 

yes Thapols, maybe he uses a good EA just for MyFXBook, but he would show the opened orders, and Balance would not be private, so i really think this is the same EA at MyFxBook

RoboMon : as for the MyFxBook the equity growth is shady as f

if you don't believe me then buy the damn EA and see for yourself. dozens of users say they bought it and it's a scam, so...help yourself

 

More stats at www.myfxbook.com/members/VladiV11/portfolio-forex-robots-v71/3036282/LlT9hLn4aluaP4dK9Kd3 with daily withdrawals. History is present and latest trades are corresponding to the live feed on youtube. Make what you want out of it.

RM

 

you must be a friend of the author. The withdrawals are PRIVATE dummy. and the ABS gain is 9.4 percent and NOT 1107.5% as it seem to show, big difference.

the live feed NEVER shows open trades, that's the culprit

 

First of all I am not any friend of any author. Secondly in no way have I ever disrespected you but you had the need to call me a dummy. I don't care what gain or abs say on the site, those numbers are convoluted by how the site calculates. I look at what pips have been gained. Also a different broker too.

 

SHOW OPEN TRADES ; that's all i ask

 

U are right....If only i had seen this message in time I bought this 6 month ago...Real stupid Ea!!! Don't do anything..Do a trade a week...And wrong !! LOL! SCUM...