Ok. I asked my boss for more work. He gave me some, but I am done with it, too. So now I can officially start screwing around guilt-free. And that means I will work on my own stuff, as it is usually the case.
I am going to pick up those topics again, about the robots on sale, thereby continuing the discussions posted above:
1)
WHY ARE PEOPLE SELLING THEIR SYSTEMS? DO THEY WORK?
2)
What are we to think of these robots on sale (Fap Turbo and others)? Scams?
I will now proceed to read the topics I listed earlier, from
EliteTrader.com and I will comment on each one of them:
1) Is Fap turbo for real?
All right, first of all: the poll is unequivocal: 25 out of 28 elitetraders think it's a scam. But, apart from all the funny jokes about it, Bigpipn says the most meaningful things:
FAP Turbo can be curve-fitted to look good on back tests but on a live account it will slowly blow out your account
which is what I thought from the start. He then cites other robots that are sold and that seem much more serious and reliable than Fap Turbo. From this thread so far I would conclude that Fap Turbo is not just a scam but a scam for idiots or very ignorant people. Then Brandonf says similar things, even more convincing in the sense that these people selling the product are not even traders, but just swindlers. Ok, I've read enough about Fap Turbo, and from here on, I'll just skim through anything written about it (unless I find something disagreeing with what we've established so far). I also gotta mention that the Forex Critic guy is a total scammer as well, since Fap Turbo is a scam and he actually says it's the best of three different products. It's very shocking because he seemed, from the video, like he was honest and in good faith. What a disappointment.
2) Automated trading - Megadroid
Ok, moving on to the next robot. den999 says what many of us were thinking already, and at the same time sums up the entire thread:
The whole forex robot industry is a scam. No one is going to sell you a highly profitable program for just a few hundred dollars. They would be trading it themselves. Think about it.
This is thread is even more entertaining than the previous one in how it exposes and makes fun of the scam this is all about. For example, cabletrader:
"95.82% Accuracy In EVERY SINGLE Market condition....678.70% Net Profit Increase In Only 104 Days.....Special Offer ONLY $97!!!"
Bwaaaaaaaaaaaaahahahahaha......love it
Ya gotta admire these snake oil sellers, they're selling sand and packaging it as an oasis....and the naiive and gullible buy it! It's brilliant!
Before dismissing megadroid as well, I have to note that, despite all the mockery and criticism, the person who started the thread at the end replies:
The megadroid system has been talked about on various forums and I have a friend who backtested all of their results, and spent a year testing it for himself, ending up with thousands of profit. Not for me though!
He could be one of the scamsters or not. Or it could very well be that a curve-fitted system, depending on how you use it, can actually make money. But overall, let's discard megadroid as well.
3) programmable FX platforms?
Ok, here there's just one post, that from the way it begins says it all "what FX platforms are programmable and not scamsters?". Then he quotes something from the Forex Critic guy himself or from a similar web site that praises some of these scams and lists links to buy them so that when you click them he'll get credited some money. Pretty sad this "forex critic" guy. But hey, if you need money really bad, it's also reasonable to rip people off and to be disonest. The problem is if you do this even when you are not desperate for money. You know what I mean? If you need money to live, it's even ok to rob a bank.
4) Foreign Exchange Robots?
Good one, because it's by the same guy who started the other thread above about megadroid. It could mean that he really wants to know, or that he really wanted to advertise. Either way, the answers he got make me even more convinced that these robots are a scam.
5) Anyone tried Forex Lexus?
Wow, this is great. More (entertaining) evidence to the previous findings, but also a great link provided by Bigpipn:
http://www.forexpeacearmy.com/metatrader_expert_advisor/forex_lexus/demo
It seems to be a web site against these scamsters (I'll check it out later).