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Thread: Forex Derivative

  1. #11
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    Default

    I am also testing it on alpari uk, but since yesterday there is only 1 trade opened on GU. Now it's still open. Compared the what is posted by xux99, totally different.

  2. #12
    Junior Member PyeR2's Avatar
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    Default Forex Derivative Is A Scam!

    I can't read mql, however I was directed to this information in another forum by a friend who can.

    Quote:
    int CheckForTestingModeResult(int ai_0) {
    bool li_ret_8;
    int l_year_4 = TimeYear(iTime(NULL, PERIOD_M1, 0));
    if (ai_0 == 0) {
    if (l_year_4 == 2000 || l_year_4 == 2001 || l_year_4 == 2002 || l_year_4 == 2004 || l_year_4 == 2005 || l_year_4 == 2006 || l_year_4 == 2008)
    li_ret_8 = TRUE;
    else
    li_ret_8 = FALSE;
    } else {
    if (ai_0 == 1) {
    if (l_year_4 == 2003 || l_year_4 == 2007 || l_year_4 == 2009) li_ret_8 = TRUE;
    else li_ret_8 = FALSE;
    } else li_ret_8 = FALSE;
    }
    return (li_ret_8);
    }

    This code was found within Forex Derivative mq4 file. What it is doing is calling upon the dll file for yearly optimised parameters, thus when you back-test it you will get a wonderful looking equity curve. Basically it's been curve fitted year by year.
    It may continue to work for a while, time will tell - however I doubt you will see anything like the performance you get in your back-tests.
    It's unbelievable the lengths the marketeers are going to to deceive purchasers.

  3. #13

    Default

    I dont think this EA is all that... huge gains.. huge losses. Net result is 0. Waste of time.

  4. #14
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    Default

    Quote Originally Posted by PyeR2 View Post
    I can't read mql, however I was directed to this information in another forum by a friend who can.

    Quote:
    int CheckForTestingModeResult(int ai_0) {
    bool li_ret_8;
    int l_year_4 = TimeYear(iTime(NULL, PERIOD_M1, 0));
    if (ai_0 == 0) {
    if (l_year_4 == 2000 || l_year_4 == 2001 || l_year_4 == 2002 || l_year_4 == 2004 || l_year_4 == 2005 || l_year_4 == 2006 || l_year_4 == 2008)
    li_ret_8 = TRUE;
    else
    li_ret_8 = FALSE;
    } else {
    if (ai_0 == 1) {
    if (l_year_4 == 2003 || l_year_4 == 2007 || l_year_4 == 2009) li_ret_8 = TRUE;
    else li_ret_8 = FALSE;
    } else li_ret_8 = FALSE;
    }
    return (li_ret_8);
    }

    This code was found within Forex Derivative mq4 file. What it is doing is calling upon the dll file for yearly optimised parameters, thus when you back-test it you will get a wonderful looking equity curve. Basically it's been curve fitted year by year.
    It may continue to work for a while, time will tell - however I doubt you will see anything like the performance you get in your back-tests.
    It's unbelievable the lengths the marketeers are going to to deceive purchasers.


    yeah,its unbelievable

    time now to inform authorities about these criminals

    Industry reputation gets more demaged every day

  5. #15
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    Jun 2009
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    Default

    guys i'm newbie here, a few days my friend told me about this EA.
    i really surprised with the result that shown.
    iare you sure this is suck EA?
    thank's and sorry for my terrible english

  6. #16

    Default

    Interesting...

    So what's to say that other bots out there with dlls aren't doing the same thing?

  7. #17

    Default

    I don't know about you but for me the bottom line is; does it or not make money? If not just tell clickbank to return your money. I mean there's no question that 99% of the robots, original or not, are junk.

  8. #18
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    Location
    USA
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    Default

    Heres a good link to read over. Found it on a buddy's blog.

    Best Forex EA Blog Archive Scam, Sham and All that is Bullshit!

  9. #19

    Default

    Forex Derivative 2.0's support team has explained the reason for this part of code in the following manner:

    There seems to be an issue regarding certain piece of code. I have asked one of our programmers to explain it.

    First of all the function CheckForTestingModeResult was only used in the developing stage of the EA. This function is not called neither for live trading nor for backtesting. During the development phase the programmers divided the historical data into two sets. The first set of data 2000, 2001, 2002, 2004, 2005, 2006 and 2008 was used in order to find the best performing strategy. After this best strategy was determined it was compared if this strategy was also performing well in the remaining years 2003, 2007 and 2009. This is a known method for avoiding overoptimization. If this code would be taken out of MQ4 file it would have no effect on neither backtesting nor live trading. If our programmers were thinking that this lines of code would cause such confusion, they would have taken them out as, as I have stated above they have no effect on the finished version of software. Also last week they have added ProfitProtect function and if the back test was curve fitted than this new function would have no efffect on backtesting and you can clearly see that it does.


    Even prior to this notice being released, we tested Forex Derivative with the code in question deleted. The backtest results were similar.

    Although we temporarily removed this EA from our approval list while we investigated the coding issue, we placed it back on our site after our second set of backtests showed consistent results.

    In any case, this EA has performed well since its second version was released. However, it has not been very long so we will have to watch the forward testing in the weeks to come.

    Thanks,

    TraderMike
    Last edited by TraderMike; 06-13-2009 at 04:13.

  10. #20
    Senior Member fxtester's Avatar
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    Posts
    3,165

    Default

    Forex Derivative EU GU UCA AU M1
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