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Author Topic: New Method 311 EA  (Read 7680 times)

Offline 999cjb

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New Method 311 EA
« on: January 24, 2011, 07:46:49 AM »
Typical, isn't it. As soon as I finally give up on the Method 311 indicator, out comes the new Method 311 EA. They still provide the separate indicator as well as the EA and supposedly will be providing details of their live trades on the www.method311.com website.

Interesting that these live results begin with an opening balance of $9,481 so I presume the EA has already lost $519 since they started running it. This would be consistent with the results I produced with my private EA.

I also presume that these people have no intention of supporting those of us who bought this indicator in good faith, providing a free update to this indicator or providing a discounted copy of their EA.

So be warned. Once you have paid your $249 for this EA and indicator, be prepared to lose money and get no support.

Offline DaveL

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Re: New Method 311 EA
« Reply #1 on: January 24, 2011, 10:32:27 AM »
second that CJ, I won't be joining the fray unless they send us free ugrades, but you'd think they'd have informed us already if they were going that route. If we get an upgrade I'll only run it in demo for a good 3 months to assess it.
starting over...

Offline hammy

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Re: New Method 311 EA
« Reply #2 on: January 24, 2011, 02:02:03 PM »
I'm glad I stayed clear of this one right from the start.. ;D

I almost went for it only because Donna was associated with ownership, but because it wasn't an EA I really couldn't spend the time needed to sit in front of my computer to trade the signals manually so I passed on it. Now that I see the lousy performance and Donna not involved anymore, I will also pass on the EA... ;)

good luck with it !.. 8)

Offline robl45

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Re: New Method 311 EA
« Reply #3 on: January 24, 2011, 02:28:06 PM »
yea, I would pass on this.  only reason people bought it was becasue it was donna's system.  and frankly and no disrespect to anyone, but the way that went down was completely rediculous.  Basically the system is crappy, so all of a sudden donna is no longer a part of it.  You can explain that 50 different ways, but bottom line people bought it because it was donna's system and then when it goes to crap, people are left stuck with Donna backing away.  I don't know why anyone would touch it now.

Offline jshear

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Re: New Method 311 EA
« Reply #4 on: January 24, 2011, 02:34:48 PM »
I am glad I don't trade this system anymore the writing was on the wall. I am not touching this now especially with it's bad history.


Jeff

Offline agolac

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Re: New Method 311 EA
« Reply #5 on: January 25, 2011, 07:38:17 PM »
Well, I've bought it and will report. Have read all of the history, but I'd like to know what's up now since I bought indicator before I have read all the bad reviews (unfortunately for me)

At least they are offering 30 day no questions asked money back guaranty.
If they make problems with that, I will sue them to death.
Flames of the end inside us rest....

Offline agolac

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Re: New Method 311 EA
« Reply #6 on: January 25, 2011, 08:01:01 PM »
Does donna have any info on the subject EA since she was part of the "team" in the past?
Flames of the end inside us rest....

Offline agolac

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Re: New Method 311 EA
« Reply #7 on: January 25, 2011, 08:27:52 PM »
Saying all this because I have also received new indicator. It seems EA is nothing more than executing indicator signals.

I've never seen anywhere on this forum why donna leaved the project.
After all I have read and seen this project is complete fraud. Indicator itself is a crap. Zig-zag indicator gives better signals...
They advertise some two year testing period with starlight success

"Time Period: 2 years
Profit: 164.83%
Maximum Drawdown: 11.89%
Risk per trade: 3%
"

Look at this???


Flames of the end inside us rest....

Offline donnaforex

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Re: New Method 311 EA
« Reply #8 on: January 25, 2011, 08:33:04 PM »
You can read my resignation statement here: http://www.donnaforex.com/method311resignation.html which was in the main header of the forum for over a week and also announced in my public newsletter.

It wouldn't be fair for me to comment any further on the system publicly here as i'm not part of the project anymore and may very well have very biased opinions one way or another based on my history - so unfortunately i will not be making any further comment in this topic unless i am forced to for some reason (eg to clarify my own position as i have done here with the resignation statement). If anyone has any questions they wish to address to me directly in private feel free to do so.
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If you need to contact me, email admin@donnaforex.com or Skype 'donnaforex' or PM via the forum.

Offline agolac

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Re: New Method 311 EA
« Reply #9 on: January 25, 2011, 09:16:06 PM »
Ok. fist impression. Extreme bugs!!!
I've turned on e-mail notification and my gmail account received few hundred's of e-mails about past trades... OMG

My broker uses FXF suffix and, hello, what a supprise, indicator is not working because it wants to have EURJPY, not EURJPYFXF like I have.

Also, the version that I got when bought indicator for the first time was 1.4.14. if I can remember correctly.

Now, what a heck, they've gone down for a few versions and I got 0.0.7 as the latest version.
It has no more authentication keys like before? It seams that anyone can use it now ::)
Flames of the end inside us rest....

Offline agolac

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Re: New Method 311 EA
« Reply #10 on: January 25, 2011, 10:21:06 PM »
I will open a new demo account and put this "miracle" on it and make it available for you to see.
Not to much time for my money back guaranty, only 30 days, but we'll see the results...

On my question regarding suffix they sent me new 0.0.9 version which apparently has fix for currency suffix. I'm not sure that I will try to activate e-mail notification again because I might be banned by gmail for spamming.
Flames of the end inside us rest....

Offline 999cjb

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Re: New Method 311 EA
« Reply #11 on: January 25, 2011, 10:34:14 PM »
Not a promising start, is it. Filtering out the suffix after the symbol is, after all, pretty basic. If they forgot that, what else have they left out?

I put the indicator on and it immediately signalled a sell which would have gone to stop loss. Must be a fluke eh!


Offline DaveL

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Re: New Method 311 EA
« Reply #12 on: January 25, 2011, 10:34:20 PM »
good luck with agolac :)

I've not yet downloaded the new indicator but don't plan to spend for the EA at the moment, 30-day policy or not (too short anyway imho).
starting over...

Offline agolac

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Re: New Method 311 EA
« Reply #13 on: January 25, 2011, 10:49:46 PM »
good luck with agolac :)

I've not yet downloaded the new indicator but don't plan to spend for the EA at the moment, 30-day policy or not (too short anyway imho).

Yes, you're probably right. Too short or not, that's all that will be, because I don't intend to keep it if it is no progress from the previous indicator.
I can loose money myself, don't need indicator for that  ;D
Flames of the end inside us rest....

Offline agolac

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Re: New Method 311 EA
« Reply #14 on: January 25, 2011, 11:39:05 PM »
Here, if any one would be interested, here is 10000 $ demo account with newest Method 311 indicator + EA. It will be active for the next 30 days. It should post all the trades, that supposing it works better than their e-mail notification interface.

http://www.myfxbook.com/members/agolac/method-311-ea/80260
Flames of the end inside us rest....

 

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