Here is how it's already working to hurt you:
People claim to have created Forex Robots that will make you millionaire. Amateur marketers that paid programmers to create scalping robots and sell these with promises of making millions... (remember the make money online scam? This is the new face of this old scam trick!)
Oh yeah!!! The dream of every man: Become millionaire by sitting on his couch, drinking beers. and watching sports....
Sounds good, doesn't it? A real can't miss!
There is just one little problem. None of it is true because....
Everyone Is Lying to you...
You may as well take your cash outside and feed it to the dog.
The profits reported by all these hypes are figments of slick reporting tricks.
* Most of them are just backtesting results masking the real performance. Flight simulators are not real airplane training, right? Well it is the same here. Back testing simulations are not guarantee for the real thing.
* Others are doing something worse!!! They are editing their backtesting reports to seem like true performance! These reports from the Meta Trader Platform are on html language. They edit it with html editors and...hoorey! They created the best Forex Robot in the world. They are lurking like wolves for victims!
Are we living in a fairy tale? Nope.... just bad business as usual. Overstate the results, appeal to greed of customers and make some quick cash. Then take the cash with you and leave victims behind....
You should be outraged!
These are serious "red flag alerts"
The Result Can Be Complete Financial Ruin!
Even so called "experts" in Robot traders are using scalping techniques in exotic currencies. Scalp trading is about constantly opening trades to scalp mini profits with great risk. It is a low reward high risk strategy that real experts know it will not last for long, even if it brings some profits at first. Some scalps will go bad and then..... uhhh, where is my account?
To make it worse, there is a war between scalpers and Forex brokers. Brokers do not want scalpers especially robot scalpers due to the load they enforce to the system. So they move the Forex spreads in such a way so every scalper is thrown out.!! (ssh, do not tell it anywhere, this is an unofficial underground Forex secret revealed for first time).
Your scalping Robot will not work in real brokers! Even if it works for a while it will be thrown out quite soon.....It is like playing with the fire: It is fun and warm but eventually you will get burn!
But you do not have to suffer along with all the other investors left dangling in the wind....
If you Act Quickly...
Here is what this is all about: I am Louizos Alexander Louizos. I have programming experience from my background in computational quantum mechanics and artificial intelligence research.
I have been trading Forex since 2000. At first I lost money, as everybody else that starts without any mentorship. Then, I educated my self heavily on Forex technical analysis, fundamentals and trading patterns (in fact if you subscribe to my mail list you will receive many books with my notes during this period).
Since 2004 I have been programming in MQL, creating expert advisors. I have created many of them, some more successful than others. I have shared some of my expert advisors with members of Forex Factory community (subscribe to my newsletter to get the links for these expert advisors).
Recently, I realized that expert advisors alone cannot do the job. Expert advisors trade with predefined technical variables. They do not do so well with pattern recognition. I trade manually with Forex trading patterns, such as triangles, wedges, gartley's patterns and others. Till now I have not managed to create an efficient pattern trading expert advisor and none else has done that. It seems that human brain is much more efficient in pattern recognition than PCs...
The combined usage of my most successful code in Expert Advisors along with my own manual trading method in pattern recognition has proven to be the best trading method I have ever used.
Zero Risk!