I've replaced my main scalper EA to another one. The previous scalping EA occasionally takes huge stop losses and it started deteriorating my account.
I now use two different scalper EAs with which SL are not that big.
2.19.2011
2.02.2011
Who's EA is it?
At the end of last year, I happened to meet a friend from South-East Asia on one of forex forums out there. He told me he can sell his private EA for $3,000. It was expensive, but he said it can earn 10 to 30% every month so it would be a good deal.
Since the amount I could invest at that time was $1,000, I asked him a burgain and got the EA for $1,000. After more than one month, yes, his sales pitch seems to be right. But I found a commercial EA that trades exactly the same manner as his so-called private EA. I placed the EA on two platforms from the same broker and monitored what both EAs trade. Suprisingly, those two EAs opened and closed positions exactly at the same levels.
I found I could have paid less if I directly purchased that commercial EA. He changed the appearance of the EA (what you see on the chart), but the codes are the same. So I paid my tuition again.
After that, I've found that commercial EA might not be the original. People has been saying the EA was a clone or a slight modification of another EA and charged much more than the true original EA.
So, in summary, one EA was developed a few years ago. One programmer has took the source and silightly modified it, and started selling it with much higher price. Here comes another man who took that modified EA, renamed it, and changed the chart display appearance, and started selling with much, much higher price. He even started taking his own clients to manage their accounts.
I happened to meet that guy on a forum and paid $1,000.
So whose EA is it?
Since the amount I could invest at that time was $1,000, I asked him a burgain and got the EA for $1,000. After more than one month, yes, his sales pitch seems to be right. But I found a commercial EA that trades exactly the same manner as his so-called private EA. I placed the EA on two platforms from the same broker and monitored what both EAs trade. Suprisingly, those two EAs opened and closed positions exactly at the same levels.
I found I could have paid less if I directly purchased that commercial EA. He changed the appearance of the EA (what you see on the chart), but the codes are the same. So I paid my tuition again.
After that, I've found that commercial EA might not be the original. People has been saying the EA was a clone or a slight modification of another EA and charged much more than the true original EA.
So, in summary, one EA was developed a few years ago. One programmer has took the source and silightly modified it, and started selling it with much higher price. Here comes another man who took that modified EA, renamed it, and changed the chart display appearance, and started selling with much, much higher price. He even started taking his own clients to manage their accounts.
I happened to meet that guy on a forum and paid $1,000.
So whose EA is it?
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