Copies and Scams

[Sam Goldberg]

Forex Insider Pro can be considered as a scam, since i asked for a refund and never had any answer (though they pretend to have a refund policy...).
Btw it blows my demo account ...

Try by asking the vendor for your refund (IE: Clickbank, Plimus...), that should work!

[primeval-ea]

Forex Multivers is a scam:

Read here: http://forex-tester.com/index.php?program=forexmultivers

These guys seem to have copied the idea of Primeval EA but the way they do it is kind of silly, if you put it on your live account you'll get scared the way it trades, it opens up to 5 trades at the same time and practically the same price and if the Market goes against you all of them will reach the SL, it doesn't do anything to try to close the trades earlier like Primeval with it's dynamic TP when necessary. Knowing this if you trade on a $1,000 account 0.1 lots, you can expect a loss of 40 pips x 5 trades = 200 pips loss = $200 loss = %20 of the account loss in one night. Of course you can lower the lots traded but it's still silly to open trades the way it does.

Apart from this, again Forex Multivers is a scam  

[Trader@Home]

Forex Multivers is a scam:

Read here: http://forex-tester.com/index.php?program=forexmultivers

These guys seem to have copied the idea of Primeval EA but the way they do it is kind of silly, if you put it on your live account you'll get scared the way it trades, it opens up to 5 trades at the same time and practically the same price and if the Market goes against you all of them will reach the SL, it doesn't do anything to try to close the trades earlier like Primeval with it's dynamic TP when necessary. Knowing this if you trade on a $1,000 account 0.1 lots, you can expect a loss of 40 pips x 5 trades = 200 pips loss = $200 loss = %20 of the account loss in one night. Of course you can lower the lots traded but it's still silly to open trades the way it does.

Apart from this, again Forex Multivers is a scam  

It may be a scam, but i dont believe Marc at forex-tester..if you happen to see the forex legend review he has given...more could read if you check forexlegend thread on this forum...

he is more biased to certain EAs, if you are genuinely looking out for EAs to add in to your portfolio please refer to independant sites (such as our forum here) most of members here dont have commercial interest but individuals trying to live out of forex bla bla

[rolwolf]

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I think Multivers is based on free MyLucky Thunder_4wd

[Sam Goldberg]

I also don't think the Multivers is a copy, and even if it was one, it seems to be a darn good one.
Look at the Real Money Competition at http://www.forex-robots.com and you'll see, the robot is having a pretty nice run there on a REAL MONEY Account not Demo or Backtest.

[daytrader]

  The whole forex trading biz is a scam

[dn2010]

The whole forex trading biz is a scam

lool yes now we know the holy grail heh

[tracey61]

"Revolutionary FX" is "Forex Executive". He didn't even bother to change most of the manual. It is definately not a revolution. And there are a number of upsells.

[peterc005]

Pip Rider is a scam - http://www.piprider.com/

Bogus statements. Not to be believed.

[trader_john]

What is your definition from "it is a scam"?

[peterc005]

A couple of reasons:

1) the "graph" did not correspond with the statement, and looked like something done in Excel.

2) I notice now the statements are no longer "live", but a week old. Assume the EA tanked so the guy just stopped publishing it.

3) The vendor started writing posts in the thread "EAs that are truely profitable", which is a magnet for scam EAs.

This EA just smells bad, and seems to have quietly died. My guess is the guy just copied a free EA and started to sell it as PipRider.

[jacko_lives]

I've had PipRider for a couple of weeks and I think it's unfair to suggest it's a scam.

The graph which you say looks like it's been made in Excel updates real time to show the current balance, and the trades I've experienced have all matched the trades on the web statement within a single pip.  If you click on the line on the graph, it tells you what the account balance was each day for the last 14 or so weeks it's been running.

If the statement hasn't updated recently, it'll be because it kept out of the market during Thanksgiving.  It says on the screen exactly when it will trade and at what price it will trade, and all over Thanksgiving it said it wouldn't be trading because nothing was aligned.  If it doesn't take a trade, it won't tank.

It's too early yet to say how profitable it will ultimately be.  I'm very slightly down in the time I've had it, but it does look OK so far in terms of being safe to use and I don't think for one moment there's anything dishonest about it whatsoever.  I do hate that cheesy marketing style though.

The other thing which is probably worth mentioning is that after purchase you get directed to a confirmation page which offers a refund of the PipRider purchase price if you open an account with AvaFX and fund it to the tune of $100.  I've opened an account with them over the last couple of days as I don't really see what I've got to lose other than my $100 if the account blows up.  It seemed to me to be a great way of testing it on a live account without risking any more than the purchase price of the robot itself.

[peterc005]

Pip Rider is junk and a waste of time.

One problem is that the Pip Rider vendor logs onto this forum using different names to promote the EA, which stinks. Seen this little trick before.

Wait a couple of weeks, someone will figure out which free EA the little bastard copied.

Notice Pip Rider only has demo accounts, and for a short time. He wouldn't even put up $100 of real money to test it!

[jacko_lives]

Pip Rider is junk and a waste of time.

One problem is that the Pip Rider vendor logs onto this forum using different names to promote the EA, which stinks. Seen this little trick before.

Wait a couple of weeks, someone will figure out which free EA the little bastard copied.

Notice Pip Rider only has demo accounts, and for a short time. He wouldn't even put up $100 of real money to test it!

So you've purchased the EA to know all those allegations are true?  And do you really need to use bad language to get your point across?  My children look at this board!

I suggest that you're simply making yourself look an idiot with your repetitive posts.  Please try to stick to facts.  This is a great forum where people are meant to learn and help each other.

[peterc005]

Well, I'll repeat myself again for the record.

At worst Pip Rider is a scam and rip off some free EA, at best it is just a piece of junk to be avoided.

If you want to make money in forex it is important to avoid wasting time and money on trash like Pip Rider.