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Suggestion Signal2Forex Portfolio EA

Discussion in 'Expert Advisor atau Robot Forex' started by ionone2, 06 Dec 2018.

  1. ionone2

    ionone2 Active Member Credit Hunter

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    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

    screenshot.06-12-2018 14.19.23.jpg
    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.

    screenshot.06-12-2018 14.19.31.jpg

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

    stay away from it

    Jeff
     
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  2. mkowa

    mkowa Member Credit Hunter

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    Thank you!
     
  3. loverhh

    loverhh Member Credit Hunter

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    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 :)
     
  4. ionone2

    ionone2 Active Member Credit Hunter

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    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
     
  5. NeoBatavia

    NeoBatavia Well-Known Member Credit Hunter

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    If the Equity is really bad, why the drawdown is so low?
     
  6. ionone2

    ionone2 Active Member Credit Hunter

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    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
     
  7. ionone2

    ionone2 Active Member Credit Hunter

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    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
     

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