Osiris / Profile

WARNING: Spit the dummy message

Over the last years I have bought some EAs and subscribed to a number of signals, and the overall result so far has ended up in in a PayPal transfer from me to someone else, followed by my trading account being wiped out. Yes I have paid money to loose money, not once, but several times.

There are many nice people on this forum, and I know some are in the same boat. Some of us NEED to earn money on forex, some of us don't need the money but just WANT to get money from Forex, and some see the need of others as a FEEDING ground for themselves.

Myself? I have a family with young children. The best way to help my children is not by sitting in front of a computer, donating money into other peoples account.

I am new to this MQL4 world (about 1 year), although have been in Software Development since the 1980s when the Commodore 64 appeared to rule the world. I know more computer languages then I have fingers, and frankly MQL4 is just a derivative of the popular C language with built in financial, indicator and trading support.

For the last year I have prototyped ideas, and built an excellent library that enhances the trading functions provided by MQL4. My template EA covers 12 files, and at the risk of sounding arrogant - I think it is very good.

Thinking and Doing are different things, and when I see signals of 10000% in 4 weeks, and a 2nd signal already at 120% after 2 weeks from the same author, I think to myself, well that is better then I can do.... I will pay him $20, and I can relax, and work on my own stuff.

So I subscribe to from Nothing to a Millionaire. Signals starts with about 10USD, and it is now at 20USD. OK I will throw in 500 euro of hard earned money. When he is at 40000 I'll be at 1 Million. It didn't last and the signal got stopped out 24 hours later. My money nearly gone. He then continues to trade and finishes off the last euros in my account before the signal got stopped out again. And whilst is this happening, I'm scratching my head, 'What are you doing?? - Why?". But I always think they know better.

In all honousty, that signal started with 10 euro, earned 700 euro in subscriptions fees. He earned 690 and all us fools lost our money.

Etiquette says - he should cancel his dead signal - which would return the Subscription Fees. But I expect it will stay there for 1 month and then be cancelled. If you fail you do not charge. You have already cost the customer enough - DO THE RIGHT THINGS, and cancel your signal and return the Subscription Fees.

Over the weekend I had a lot of thinking time. And today, I noticed another new signal, 100% +++ in 3 weeks with already 12 subscribers. 99% drawdown and stopped. Today reconfirmed everything.

I don't do what I know I can do, because of the promises here on this forum. I have seen EAs that do not work, but still continue to be sold, and signals that exceed reasonable risk settings provide great returns for subscribers for 2 weeks only.

So my decision is to concentrate on what I know, and finish off my software with 100% attention. So in about 3 to 4 weeks I will publish my own signal. It will generate good returns, because that is what "I" need!!!!

My disclaimer: Not all signals are bad, Not all EA's are bad. Over the last week I've been trying an EA that looks good.

There are good apples out there!