Page 3 of 4

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Thu Jul 10, 2025 6:15 pm
by ionone
another big scam is LuxSignals

they show perfect reversals like these ones : but it's only overfitted

the real signals look more like that :
not the same deal
but this video shows that after optimizing/overfitting you get awesome signals !

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Thu Jul 10, 2025 10:44 pm
by ChuChu Rocket
ionone wrote: Thu Jul 10, 2025 6:15 pm another big scam is LuxSignals

they show perfect reversals like these ones :
screenshot.1212.jpgscreenshot.1211.jpg

but it's only overfitted

the real signals look more like that :

screenshot.1211.jpg
not the same deal
but this video shows that after optimizing/overfitting you get awesome signals !
Shocking. Are those muppets related to LuxAlgo? Because LuxAlgo make really good codes.

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Fri Jul 11, 2025 1:37 pm
by andrei-1
Do you think it will work or not?
If you put a university math course into an artificial intelligence.
Give him a screenshot with the indicator (worm).
Give the task "find the function by points".
Will he handle it?
Considering that all the indicators on the Market, is a sandwich of 3-10 conversions.

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Fri Jul 11, 2025 6:33 pm
by wojtek
Most likely not, because the market is chaotic
in a non-deterministic way, meaning it has
the stochastic characteristics similar to the Markov process.
But on the other hand, it differs from random walking
because e.g. it has constraints on both sides in the form
of strong resistances and supports resulting from external
conditions e.g. macro and/or micro economics (unless
it is a completely speculative instrument, i.e. detached
from reality, such as cryptocurrencies).

In other words, it is an open system with too many
external, sometimes completely unpredictable degrees
of freedom (which are macro data, often random
political decisions, accidents like spilled coffee on a keyboard
delaying the entry of a market-moving order at some
large financial institution, etc.). However, the market also
has a certain inertia, which manifests itself in the existence
of e.g. trends that can be exploited...

However, a less ambitious project is interesting:
could AI ad hoc select optimal parameters,
e.g., for a trading system used?

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Fri Jul 11, 2025 8:09 pm
by andrei-1
I meant, will he be able to find the internal formula of the indicator?
If you download the demo version, you will have a huge database and the most accurate coordinates of the points.

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Fri Jul 11, 2025 8:14 pm
by wojtek
Aaa, OK, and I wrote about whether
AI can beat the market... :lmao:

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Fri Jul 11, 2025 8:18 pm
by ChuChu Rocket
wojtek wrote: Fri Jul 11, 2025 8:14 pm Aaa, OK, and I wrote about whether
AI can beat the market... :lmao:
Haha AI can't even add MTF to indicators without having a fit.

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Fri Jul 11, 2025 8:37 pm
by wojtek
OK, but it has a huge memory and high analysis speed.
For example, if it knows the exact graph of an instrument
from the last few years, can it predict what will happen
at any given moment on the M1, H1, or D1 scale?
Can it find some universal patterns we don't see, etc.?

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Sat Jul 12, 2025 12:28 am
by ionone
now we have plethora of fake ads with famous people saying nothing that ever aired anywhere

they make them talk like they really said it, and only a trained ear like myself could decipher that it's a fake ads (also the very unreasonable returns announced)

be prepared for an apocalypse of fake ads promising unreal returns.... it will be worse and worse because people won't see the difference.

I heard also that they can clone any voice and even phone numbers. that's another type of scam (the "kidnapping" scams)

you gotta be prepared for the worse

Re: Tips To Avoid Scammers On The MQL5 Market

Posted: Sat Jul 12, 2025 12:30 am
by ionone
wojtek wrote: Fri Jul 11, 2025 8:37 pm OK, but it has a huge memory and high analysis speed.
For example, if it knows the exact graph of an instrument
from the last few years, can it predict what will happen
at any given moment on the M1, H1, or D1 scale?
Can it find some universal patterns we don't see, etc.?
you can already do that, it's called Genetic Optimizing.