Who Is Martin Alexander?

[daniellefr]

Very interesting... I still don't trust things that are claimed to be free... doesn't sound right! There must be some fee to it sooner or later!!!

[Stern-Capital]

EA can be profitable for you in the short period of time, in the long run, they would lose your bankroll =\\

[woozy5]

Originally Posted by daniellefr

Very interesting... I still don't trust things that are claimed to be free... doesn't sound right! There must be some fee to it sooner or later!!!

Even if there will be a fee in the futute (which is clearly stated NOT), and you don't like it: just don't pay ! Where is the problem?
Did you ever heard about the "Shareware" selling concept? This would be the same.

Originally Posted by Stern-Capital

EA can be profitable for you in the short period of time, in the long run, they would lose your bankroll =\\

So you never heard about Moneymanagement do you?
If it is true what you write, then there is, an never will be a single tradingsystem that is profitable (no matter if its an EA or just a trading system). That means there is not one single trader in the world that makes money in the long run !?!

Do you really believe that? If so, just stay away from Forex, Stocks, ... ! Don't even think about trading!

btw: In the long run: what do you think your paper $ od € is worth in 20, 50 od 100 Years? The paper and virtual money will tend ALLWAYS to its inner value: ZERO ! But if that happens in 50 or 100 years - its ok for me :-)

If you are looking for REAL investments: go buy some ground, maybe build a solid building on it, buy gold, invest in self owned energy production systems. Then maybe your invest is woth something even in 100 years.

[daniellefr]

Originally Posted by woozy5

Did you ever heard about the "Shareware" selling concept? This would be the same.

I don't that the concept of a shareware is applied in forex

In any case, as previous post mentioned, the guy is probably acting as IB for specific brokers and getting commissions off that. Nothing wrong with that, by the way, taking under consideration that the brokers he represent are honest )

[woozy5]

Originally Posted by daniellefr

I don't that the concept of a shareware is applied in forex

An EA ist Software too, why should it not work here?

Originally Posted by daniellefr

In any case, as previous post mentioned, the guy is probably acting as IB for specific brokers and getting commissions off that. Nothing wrong with that, by the way, taking under consideration that the brokers he represent are honest )

Thats my thinking too. I even think this would be the best for distributing an EA and getting some money for it. It will prove, that the programmer believes that his program will run in the long term (because only then he will earn the big money with it - not just a few fast bucks)

I am developping my own EA too, and will use this concept for distributing the EA. Give away for free, but it will work only in accounts where I will receive a provision (and Demo-Accounts too).

[fugly]

Originally Posted by woozy5

If it is true what you write, then there is, an never will be a single tradingsystem that is profitable (no matter if its an EA or just a trading system). That means there is not one single trader in the world that makes money in the long run !?!

Do you really believe that? If so, just stay away from Forex, Stocks, ... ! Don't even think about trading!

Hey Woozy,

I appreciate your post you are correct 99% of systems posted on the web are absolute drivel with no distinct edge ...... without the edge no matter how good ue mm is you can never win in the long run.

some noob will try something and find it works for a few days (in the rare case a few months at the max) which is usually more of chance than a proven edge.

He ten proceeds to make a post in the forum with the usual 80% success rate etc etc Everyone else hears this and jumps in. To cut a long story short after a while ppl end of losing their money and the thread is abandoned.

Its a very common story.

Take for example that martin alexander thing doing the rounds right now, if anyone is foolish enough to think thats going to work profitably in the long boy do i feel sorry for them.

But more than that I feel distressed that a few unscrupulous ppl are taking advantage of hundreds and possible thousands of innocent ppl, ordinary ppl who are simply looking to earn some more money to give their families a better life or there children a better education.

They end up conned by these pro con masters. This happens time and again and no one can do anything about it.

[woozy5]

Originally Posted by fugly

Hey Woozy,

I appreciate your post you are correct 99% of systems posted on the web are absolute drivel with no distinct edge ...... without the edge no matter how good ue mm is you can never win in the long run.

Maybe you get me a little wrong. I did not say that there is no winning system. I asked my pre-poster if HE is believing there is no winning system.
I for myself know that there are winning systems, I am working on one.
The main problem is: If you start a system with low money - you will lose. Even if the system is profitable in the long run.
If you go with much money (I mean REALY much!) you will win. It goes up to systems that can't "margin call" your account - but you have to cut of the "leverage-is-good" thinking.

Originally Posted by fugly

some noob will try something and find it works for a few days (in the rare case a few months at the max) which is usually more of chance than a proven edge.

So I am one of these noobs too !?!
I have a system that worked in backtest for weeks, monthes and even years.
BUT these are backtests. Which is only a proof that a systen CAN work. It NEVER says something about how a system is going in the future.

Originally Posted by fugly

Take for example that martin alexander thing doing the rounds right now, if anyone is foolish enough to think thats going to work profitably in the long boy do i feel sorry for them.

I personaly think that his solution is not bad. He can change parameters when the market changes.
Better would be, if the EA changes its strategie itself (self adapting) instead to load parameters from a server.

The main problem is: we don't know anything about Martin Alexander or the strategie of this EA. So I prefer programming my own EA, where I know the strategie and can see if the EA is doing its job right or not.


BTW: doesn't look good right now: 12 trades, 5 winner, -264 pips

[mteodor]

Who is this guy? Thanks.