Trading Software Pirates

I can’t think of any lower forms of life than those who steal and then try to profit off it.

In the online trading industry, especially within Forex circles pirating is rampant. Expert Advisors for the MetaTrader4 platform are the most popular targets – the act of decompiling these strategies then recompiling them to use.

I receive communication from all over the world. Recently I’ve begun receiving emails from a “Jack Ross” (an obvious pseudonym) purporting to be able to get you any system you want for cheap. The following is a recent email (sent July 9):

Dear subscriber,

if you are searching for any forex system and you cant find it or you dont want to pay big amount of money to get it, just email us with its name and we will try to make it avalible for you.

just try us……..

best reagrds

jack ross

Then on July 11 the following:

Dear Trader,

New: we added Forex Derivatives EA. We offer it for just $20 instead of $97 in the market…. YOU SAVE 485%!!!!!!

For more information about this system check http://www.forex derivative.com/

Vest our website and don’t waste your money again http://www.forexfreesystems.com/index_files/ forexsystems1.htm

For further information please do not hastate to contact us at support@forexfreesystems.com

Best regards

Jack Ross

Not only is this guy stealing (and I have corresponded with him a few times – he is very cloak and dagger and doesn’t give out information easily). Not only is he stealing these strategies, but he’s passing it off as the actual strategy and people might buy it as such only to have it affect some unsuspecting sucker’s live account.

So what do you think? I think this guy is pretty gutless.