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Thread: How to Evaluate Funyoo's Updates

  1. #1

    Default How to Evaluate Funyoo's Updates

    I have been a member of Funyoo's forum for two years. I have no problem that he makes over about $3 million per year from his membership fees by charging $99 per year for each of his approximately 30,000 members in his Elite section (if more or less please advise).

    What I am most upset about is that when Funyoo posts an EA, it seems really good. At least with his original backtest.

    It is a fact that Funyoo posts excellent back tests with the best data possible at the time of his original EA's release.

    HERE THEN BECOMES THE PROBLEM.

    Funyoo then modifiys every EA with about every excellent or BIZARRE contribution from any genius or idiot out there without filter for the crap ideas.

    What is worse, he does not then run the same EA through the same back test that he ran the original EA so we NOW HAVE NO idea how the change relates to the original EA.

    In other words, A does not relate to B does not relate to C does not relate to ......

    FUNYOO. We either need positive input from you for $3 million a year or you need to stop. We need a leader, not a robot. You need to filter the crap and earn your fee.

    I see huge talent in you but your leadership is lacking. How do we address this problem. I do believe in what you are doing but maybe you do need to take a leadership role in how your EA's evolve. You have been really really silent in too many EA troubles. I have seen from the about the latest version 1.10 of some EA, that Funyou has told people to use his original version 1.01. That is crap.

    Here is my recommendation. DON'T PUBLISH ANYTHING THAT YOU DON'T SUPPORT.!!

    Your supported version of any EA should only appear on page one of your original forum for that EA. If you really really beliieve that an update is valid, repost it on the first page only after you show its results from a similar backtest that you did for the origianl EA.

    DO NOT POST VERSION AFTER VERSION AFTER VERSION AFTER VERSION throughout your thread that you do not or have not supported. That is just irresponsible.

    Either you believe in the change or you don't. What you support is ON PAGE ONE of your thread, what you do not is in the body of the forum. DOES THAT NOT SEEM REASONABLE??

    Sorry, but you need to earn your huge income. Take responsibility. I have faith in you. You have done some great work. Don't loose faith in yourself.

    With respect

    David R.

  2. #2

    Default

    Quote Originally Posted by droland View Post
    I have been a member of Funyoo's forum for two years. I have no problem that he makes over about $3 million per year from his membership fees by charging $99 per year for each of his approximately 30,000 members in his Elite section (if more or less please advise).

    What I am most upset about is that when Funyoo posts an EA, it seems really good. At least with his original backtest.

    It is a fact that Funyoo posts excellent back tests with the best data possible at the time of his original EA's release.

    HERE THEN BECOMES THE PROBLEM.

    Funyoo then modifiys every EA with about every excellent or BIZARRE contribution from any genius or idiot out there without filter for the crap ideas.

    What is worse, he does not then run the same EA through the same back test that he ran the original EA so we NOW HAVE NO idea how the change relates to the original EA.

    In other words, A does not relate to B does not relate to C does not relate to ......

    FUNYOO. We either need positive input from you for $3 million a year or you need to stop. We need a leader, not a robot. You need to filter the crap and earn your fee.

    I see huge talent in you but your leadership is lacking. How do we address this problem. I do believe in what you are doing but maybe you do need to take a leadership role in how your EA's evolve. You have been really really silent in too many EA troubles. I have seen from the about the latest version 1.10 of some EA, that Funyou has told people to use his original version 1.01. That is crap.

    Here is my recommendation. DON'T PUBLISH ANYTHING THAT YOU DON'T SUPPORT.!!

    Your supported version of any EA should only appear on page one of your original forum for that EA. If you really really beliieve that an update is valid, repost it on the first page only after you show its results from a similar backtest that you did for the origianl EA.

    DO NOT POST VERSION AFTER VERSION AFTER VERSION AFTER VERSION throughout your thread that you do not or have not supported. That is just irresponsible.

    Either you believe in the change or you don't. What you support is ON PAGE ONE of your thread, what you do not is in the body of the forum. DOES THAT NOT SEEM REASONABLE??

    Sorry, but you need to earn your huge income. Take responsibility. I have faith in you. You have done some great work. Don't loose faith in yourself.

    With respect

    David R.

    With the greatest respect, I totally agree


    Regards
    lordorly

  3. #3

    Default

    You think there are 30,000 members in the Elite group here? Seems to me that 300 would be more like it. I really don't think it's appropriate to speculate inside of Funyoo's forum on what income is being produced for Funyoo or anyone else, that's none of our business, and I think you should edit out that stuff from your post. It's not helpful at all, IMO.

  4. #4

    Default

    Droland, lorderly YOU MUST BE JOKING... it should be NONE of your business how much money Funyoo makes... You should be HAPPY that Funyoo tries many ideas that posters give... he could never think of them all himself. If YOU don't like the site.... don't come here!!

  5. #5
    Member
    Join Date
    Jun 2010
    Location
    USA
    Posts
    386

    Default

    Here are some of my inputs on Elite membership.

    How much funyoo is making from its membership yearly is irrelevant to rating of the forum. My opinion, if I get one good money making ideas/EA/indicators, it is worth the membership that funyoo is charging. It's shouldn't matter how many members sign up for the Elite forum as long as one gets satisfaction out of joining this paid forum. If one feel this paid forum is not for them and not satisfied with the service in general, it's individual's problem and they should take it up with funyoo privately. I am sure funyoo will address the problem.

    Here are some of issues that I've observed since join the Elite site:

    Lack of structure:
    1)Not getting Replies on orderly manner: I would like to know how funyoo select to work on some of the request. It is by request dates? or is it by easiest to hardest to code? or is it by certain types of strategy that interest funyoo? I see many requests/questions by various members, but I don't see any particular fashion when funyoo reply on those requests.
    2) Needs central Location of the files/updates: when/if there's new modification being done, it should be noted on the very first post with new files, but it is not done that way. It is all over the place. It's as simple as just editing the first post with notes what is being add and mod, etc..
    3) Need acknowledgment from funyoo - reply/comments: I see the request being asked and there are no reply for months.. It would be nice if funyoo can post quick reply that it will be done by xx date or it won't be done because of xxxx -- some type of communication. So, that we don't wait and move on.

    Lacks on explanation
    1) funyoo created nice EAs that has potential to make good profit. But, I see it requires optimization needed in order to work on certain types brokers, etc. However, it lacks on how the strategy works. There are no clear note with EA creation, thus, many of us can't utilize the EA where it could have been a dynamite robot.

    Rules are not consistent:
    1)It is funyoo's forum rule that we do not post commercial product. But, I see many commercial products that were posted and still worked on by Funyoo. But, sometime, funyoo red flag it and remove it. So, what is the correct rules? Should it be either all is allowed or none would be allowed? Currently, it's hit or miss...
    If I paid for the product and I want to modified to fit my trading better, I personally don't see a problem. Especially, using commercial indicators to create EA from it, I don't know why it would be an issue. But, whatever reason to create the rules, it should be consistent.

    Funyoo, I am sure all these comments are not the first you heard. I also understand that you are only one and we are many.. If you would like to designate someone as moderator to this forum, that person may help you and help us in order to make this forum to run more successfully. At least, my opinion, someone needs to reply on each thread, so that we know you've read our post and what to expect of you on the requests/questions, etc.

    4x4me
    Last edited by 4x4me; 10-08-2010 at 20:13.

  6. #6

    Default

    Yeah, let us not speculate on no. of members and earnings. I really don't know, whether Funyoo alone help for this forum or does he have any hands under him?. it's very difficult to organize and maintain entire forum by one person. As a result issues as mentioned by 4x4me and others arises. therefore funyoo has to share his voluntary helping to someone he chooses to do. I am sure forum will be much more attractive and useful to members.
    Last edited by robert77; 10-09-2010 at 13:12.

  7. #7

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    I don't remember ANYWHERE reading that Funyoo is here to program ANYTHING for anyone.. Nowhere does it say if you join Elite that Funyoo will be your slave... You people should be grateful and VERY thankful he shares his codes and/or expertise. I don't know of any other forum so dedicated to help such ungrateful posters. Learn how to program yourself or pay a programmer if this forum doesn't meet your needs.

  8. #8

    Default

    Reading this thread i get uncomfortable, imo the complains and solutions are inappropriate and not very realistic, we all should admire and respect the unique style of how Funyoo contributes and operated his forum. I like it very much. Like Bill say, if you do not like it then you are free to leave. I would support Funyoo to delete this particular demotivating thread.

  9. #9

    Default

    his forward testing on myfxbook received much appreciation from me. I do forward testing myself, but no resources to test tens of EA like his.
    Everyone must admit that sooner or later every EAs will fail, but it's the possibility of what to come that's excite me a bit. +Russian programmer rocks!
    fellow traders; do follow forexfactory.com for some other excellent EAs!!!

  10. #10
    Member
    Join Date
    Jun 2010
    Location
    USA
    Posts
    386

    Default

    I've join this group to learn more about MA_RSI EA and I've already made a lot more money than the subscription fee that I've paid to join this group. Like I said earlier post, if I get one good strategy makes money or getting 'ideas' from this forum, it's worth the membership.

    CycleTrader: If your posting is to reply to my post, let me assure you that I am not complaining about the value that I am getting from this Elite Forum. I wrote a Constructive Criticism and Suggestion as how this forum can be better serve for all going forward. I don't think anything wrong talking about these things. I am sure Funyoo agrees that any constructive criticism coming from subscribers point of view is a good thing.

    BillR, I agreed with you. There is no where that mentioned this is the programming services. However, when majority of the post (initiated thread) is for request of the EA programming and most of the times, it is being answered. That is why I suggested Funyoo to put a quick reply if it will be done or not able to do (something), so that we move on.. I think it is reasonable request. I appreciate Funyoo's support that he've given me. I am grateful. So, don't think his countless support is go unnoticed.
    Last edited by 4x4me; 10-10-2010 at 19:07.

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