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Author Topic: Ambush Trader  (Read 63715 times)

Offline Pips Genie

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Re: Ambush Trader
« Reply #270 on: December 11, 2014, 07:12:42 PM »
Why bother with this signal from start this thread discusses how fake and unprofessional the signal is. Give it up following this trader waist of time. nc!

I do not think you understand what we are discussing here, I do not care less about this scam signals. However, I am trying to get some advise on what we can do in the future to not fall for such perfected scam!

Their track history record is forged, and I am 100% sure about this. Just look at the behaviour of their equity curve and how it has become significantly more fluctuative as soon as they were added to myfxbook Autotrade!! Beside, their All time max drawdown in over 18 months actually got exceeded just 40 days after they got added to myfxbook autotrade. Ambush simply can't forge any further trade records at this point because everything is being documented on their follower accounts.

Is everybody on this forum stupid enough not to see the magnitude of this situation and how it deeply affects our views about using verified track records to make an investment decision?
« Last Edit: December 11, 2014, 07:14:19 PM by Pips Genie »

Offline odysseus11

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Re: Ambush Trader
« Reply #271 on: December 11, 2014, 08:13:15 PM »
totally agree, Im just not sure we know how they did it.

One way to "beat the system" re myfxbook is to go thru the process of actually buying (or leasing) a metaquotes server, and having that server report itself as the same name as known broker - I dont know if myfxbook validates reported broker names in any way. Of course, they could always just make up their own broker or collude with a real one. And then, it is not difficult to create a fake history.

Or, there might be other variations of gaming the system, such as possibly turning  the reporting EA off just after an entry and only turning it on during periods of equity gains. I dont know if this works or is possible. Maybe.

But to me, its a possibility they have somehow "faked" results, but HOW they did it is the important question, and Im not sure how we can pinpoint that. other ideas?
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Offline Pips Genie

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Re: Ambush Trader
« Reply #272 on: December 11, 2014, 09:01:16 PM »
totally agree, Im just not sure we know how they did it.

One way to "beat the system" re myfxbook is to go thru the process of actually buying (or leasing) a metaquotes server, and having that server report itself as the same name as known broker - I dont know if myfxbook validates reported broker names in any way. Of course, they could always just make up their own broker or collude with a real one. And then, it is not difficult to create a fake history.

Or, there might be other variations of gaming the system, such as possibly turning  the reporting EA off just after an entry and only turning it on during periods of equity gains. I dont know if this works or is possible. Maybe.

But to me, its a possibility they have somehow "faked" results, but HOW they did it is the important question, and Im not sure how we can pinpoint that. other ideas?

For the EA update method, I think its highly unlikely, simply because this method is only effective to hide equity drawdown, and can't hide the balance drawdown. Ambush has some significant balance drawdowns in the past.

At this point, the only way known to me and to most other experienced people is the lease of a metaqoute server and stamping it with a known broker name.

I have once read a smart suggestion by a member on this forum to always demand the reveal of the account number from any commercial seller so that it can be used as a reference when contacting the broker and asking to verify if the account indeed belongs to them. and if the trades on that account do atleast partially match. And the reason why we should ask for the later is because if one is capable of buying a server and using the broker name, he can easily give the account a number that matches with one of the real accounts that do actually exist on that broker.

The thing is, I am 100% sure that Ambush account is faked, and if this above discussed method turns out to be not the one Ambush has used. Then I would be terrified of not knowing how they did it and how I can prevent my self from similar scams in the future!

I think the best way to find out is to demand myfxbook to reveal the account number of Ambush without even asking for their permission. And then demand Boston Prime to co-operate with this investigation.

Perhaps if we direct myfxbook support to this topic discussion they might find it reasonable to reveal the number in private. Perhaps to you Odysseus11 for being the moderator, if you are willing to carry on with the investigation to bring down these arrogant fraudesters.

If myfxbook refuse to cooperate, then perhaps one member here who lives in Spain (where the myfxbook/fxstreet physical office is supposed to be located) and contact the police to see if they can help. This is not just a scam, its a fraud, and someone could go to jail here.

Offline Miho

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Re: Ambush Trader
« Reply #273 on: February 19, 2015, 08:39:28 PM »
This was good signal,but do not know,why is not taking profit and let it turn to loss.Strange

Offline Hansen

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Re: Ambush Trader
« Reply #274 on: February 20, 2015, 10:53:29 AM »
what's really strange is the broker is listed as Boston Prime on the myfxbook: http://www.myfxbook.com/members/autotrade/ambush-capital/1036189
but as this broker has gone broke, how is that possible, exactly? ???

Offline J16

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Re: Ambush Trader
« Reply #275 on: February 20, 2015, 11:50:42 AM »
what's really strange is the broker is listed as Boston Prime on the myfxbook: http://www.myfxbook.com/members/autotrade/ambush-capital/1036189
but as this broker has gone broke, how is that possible, exactly? ???

Not sure, maybe vendor can explain. If you read past posts, there will some interesting discovery



Offline Miho

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Re: Ambush Trader
« Reply #276 on: February 23, 2015, 10:36:35 AM »
Is this manual trading,because they are buying eur like today is the last day and tomorrow is the end of the world.Looks like they will blow again.

Offline J16

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Re: Ambush Trader
« Reply #277 on: February 23, 2015, 11:27:12 AM »
Is this manual trading,because they are buying eur like today is the last day and tomorrow is the end of the world.Looks like they will blow again.

do you have a fx book link?



Offline Miho

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Re: Ambush Trader
« Reply #278 on: February 23, 2015, 09:59:27 PM »
Something is wrong here.Boston prime does not exist any more.How they can trade on boston prime and they have 1300 followers on myfxbook autotrade.Somebody is making big bull shit here.
« Last Edit: February 23, 2015, 10:14:43 PM by Miho »

Online reinerh

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Re: Ambush Trader
« Reply #279 on: February 23, 2015, 10:40:20 PM »
what's really strange is the broker is listed as Boston Prime on the myfxbook: http://www.myfxbook.com/members/autotrade/ambush-capital/1036189
but as this broker has gone broke, how is that possible, exactly? ???

they were busted with a fake account before, now they are redoing their scam. nothing new really.

 

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