Mirror Trading International

[Venator]

If he used that formula then it would be wrong. If they are trading with a daily percentage gain as reported then they would operate on daily compounded balances from day 1 to last trading day of month so just doing 1+2+3 would not show the compounded % outcome over the 20 odd trading days and if that is how they calculated it then its by default clear they don't even know how much they are earning.

Just saying that the 9.22% figure at the bottom is correct as the formula used was to simply add up the percentages of each respective day.

But yeah, adding the percentages for each day would definitely NOT be the way to calculate the total monthly profit as a percentage. Correctly calculated for a compound formula (using the daily percentages shown there) it would be 9.65% "profit" at the end of the month.

 

[warrenpridgeon]

If he used that formula then it would be wrong. If they are trading with a daily percentage gain as reported then they would operate on daily compounded balances from day 1 to last trading day of month so just doing 1+2+3 would not show the compounded % outcome over the 20 odd trading days and if that is how they calculated it then its by default clear they don't even know how much they are earning.

If it was really compound interest it would basically be
Day 1
Opening balance = 1000 (example number)
Profite (1%) = 10
Closing balance = 1010

Day 2
Opening balance = 1010
Profite (1%) = 10.1
Closing balance = 1020.1

And so on... When you calculate compound interest the numbers start growing SUPER fast. Remember also that MTI talks of a "trading pool wallet" and "withdrawal wallet"... so somehow your "earnings" are not going back into the pool until you request a withdrawal.

Come to think of it...why are they not putting everything back into the trading pool?! Surely that would make more money faster? Then they would have proper justification for why withdrawals aren't instant "sorry bro... them btc lock in trades until the end of the day".

 

[Speedster]

If it was really compound interest it would basically be
Day 1
Opening balance = 1000 (example number)
Profite (1%) = 10
Closing balance = 1010

Day 2
Opening balance = 1010
Profite (1%) = 10.1
Closing balance = 1020.1

And so on... When you calculate compound interest the numbers start growing SUPER fast. Remember also that MTI talks of a "trading pool wallet" and "withdrawal wallet"... so somehow your "earnings" are not going back into the pool until you request a withdrawal.

Come to think of it...why are they not putting everything back into the trading pool?! Surely that would make more money faster? Then they would have proper justification for why withdrawals aren't instant "sorry bro... them btc lock in trades until the end of the day".

The numbers are all made up, so what if the spreadsheet doesn't add up? It's just a bunch of meaningless random numbers anyway

 

[Venator]

If it was really compound interest it would basically be
Day 1
Opening balance = 1000 (example number)
Profite (1%) = 10
Closing balance = 1010

Day 2
Opening balance = 1010
Profite (1%) = 10.1
Closing balance = 1020.1

And so on... When you calculate compound interest the numbers start growing SUPER fast. Remember also that MTI talks of a "trading pool wallet" and "withdrawal wallet"... so somehow your "earnings" are not going back into the pool until you request a withdrawal.

Come to think of it...why are they not putting everything back into the trading pool?! Surely that would make more money faster? Then they would have proper justification for why withdrawals aren't instant "sorry bro... them btc lock in trades until the end of the day".

Correct.

Initially @John Tempus said " even if you just use the July percentages and you do isolated counting (non compounded) or compounded, those % does not get to 9.22% for the 15 days."

So my reply was just to point out that the figures he was looking at were only from the 13th, which is why it didn't add up to 9.22% (i.e not seeing the whole column). When looking at the entire column it does add up to 9.22% since the formula used [sum(Z2:Z28)] was simply adding all of those percentages up.

 

[Def-e-nition]

Oh boy, the plot thickens as I initially thought it might be what they were attempting to show in their half baked "live bot trading, see trading is real" interview.

They probably only ever traded with this "super duper bot" aka free EA downloaded on demo accounts and the funny part is that the one reviewer then went to look at backtest if the amounts at the times matched yet the guy is oblivious that a demo account uses the same data feed as a real money account so you can generate the same outcomes on fake money demo account.

Clueless idiots and they all review things that they don't understand or better yet couldnt care if its real.

Morning John : so, in a nutshell : they could be using , or were, using , demo accounts to generate "trading activity " , because it still uses the same data feed as real trading ?

Wonder what my trainer friend will have to say to me when it collapses ....

In English we say " none so blind as those who will not see " .
I actually don't know how to dissect him anymore : either oblivious to all of this , or : consciously aware of all of it ;ignoring good judgement and recruiting .

Which one seems the likelier answer........

 

[Venator]

Morning John : so, in a nutshell : they could be using , or were, using , demo accounts to generate "trading activity " , because it still uses the same data feed as real trading ?

Wonder what my trainer friend will have to say to me when it collapses ....

In English we say " none so blind as those who will not see " .
I actually don't know how to dissect him anymore : either oblivious to all of this , or : consciously aware of all of it ;ignoring good judgement and recruiting .

Which one seems the likelier answer........

You can lead a horse....

 

[Snyper564]

Morning John : so, in a nutshell : they could be using , or were, using , demo accounts to generate "trading activity " , because it still uses the same data feed as real trading ?

Wonder what my trainer friend will have to say to me when it collapses ....

In English we say " none so blind as those who will not see " .
I actually don't know how to dissect him anymore : either oblivious to all of this , or : consciously aware of all of it ;ignoring good judgement and recruiting .

Which one seems the likelier answer........

exactly not only that they hide many portions of the account as well

 

[PsyWulf]

Morning John : so, in a nutshell : they could be using , or were, using , demo accounts to generate "trading activity " , because it still uses the same data feed as real trading ?

Wonder what my trainer friend will have to say to me when it collapses ....

In English we say " none so blind as those who will not see " .
I actually don't know how to dissect him anymore : either oblivious to all of this , or : consciously aware of all of it ;ignoring good judgement and recruiting .

Which one seems the likelier answer........

I'd rather ask why live trades from december 2019 were actually captured from a demo account on a platform they "left" in July 2019 due to performance issues
(Based on the announcement video I linked from the mti ubuntu bull facebook) *Edit Might have misunderstood announcement

 

[Snyper564]

I'd rather ask why live trades from december 2019 were actually captured from a demo account on a platform they "left" in July 2019 due to performance issues
(Based on the announcement video I linked from the mti ubuntu bull facebook)

FxChoice banned them July 2020

you are getting two timelines mixed up

they used "mirror trades of master traders" upto july 2019 in fxchoice then went the route of the bot as the "mirror trades" lost lots of money. They used the "bot" from july/aug 2019 but all still with fxchoice

 

[PsyWulf]

FxChoice banned them July 2020

you are getting two timelines mixed up

they used "mirror trades of master traders" upto july 2019 in fxchoice then went the route of the bot as the "mirror trades" lost lots of money. They used the "bot" from july/aug 2019 but all still with fxchoice

Ah so I misunderstood this:

 

[Venator]

I was just looking at this vid, and one thing I'm paying particular attention to is the redacted info. Let's say MTI was legit...why would that particular info need to be redacted?

Conversely, if they are trying to dupe someone, what info would be revealed if those bits weren't redacted?

 

[r00igev@@r]

Facebook is a not a viable option for me as they can always moderate the bad reviews out.

Posting reviews on their Google profile is actually better.

And ask a few questions on the google profile as well! I see mine are being ignored.

 

[Snyper564]

Ah so I misunderstood this:
View attachment 891510

yeah if im not mistaken this is when they stopped the mirror master trades and used a bot still on fxchoice though.

at this point it was still in a persons personal account

 

[PsyWulf]

yeah if im not mistaken this is when they stopped the mirror master trades and used a bot still on fxchoice though.

at this point it was still in a persons personal account

Full clip here,i'm a bit split between my understanding and yours,seemed to imply to no more FXChoice

https://www.facebook.com/video.php?v=660626264456830

 

[Lozz]

Morning John : so, in a nutshell : they could be using , or were, using , demo accounts to generate "trading activity " , because it still uses the same data feed as real trading ?

Wonder what my trainer friend will have to say to me when it collapses ....

In English we say " none so blind as those who will not see " .
I actually don't know how to dissect him anymore : either oblivious to all of this , or : consciously aware of all of it ;ignoring good judgement and recruiting .

Which one seems the likelier answer........

Its blindness to facts in service of a dream future.
Its a cult mentality.
They have been promised the world and to accept facts would be to have that dream crumble in front of them AND possibly be worse off than when they started.

Johann Steynberg and MTI can do no wrong. Why? Because my dream depends on it.... and I refuse to give up on my dream.

I forget who made the quote,
" it is eaiser to fool someone than to convinve them they have been fooled"

This sums up this entire ponzi industry to me.

 

[r00igev@@r]

FX choice made a comment on the Crypto Analizer Channel .On his claim that he saw "proof" of trading in December, They say " Hi Crypto Analyzer! Your videos have been pointed out to us by a concerned MTI client. In your video you make the claim that on 17th December you saw that MTI was trading at FXChoice, and that information was shared with you personally. We can categorically deny that claim: no Live trading took place on MTI’s account for the whole month of December. Perhaps you were looking at one of their Demo accounts, which were very active in that month. We note that MTI statements do seem to include trades executed on our Demo servers. "

What better proof does anyone need ?Your own trader calls out your lies.

Wig wam bam

 

[Lozz]

0.5% a day? HA! Thats old news....

 

[warrenpridgeon]

0.5% a day? HA! Thats old news.... View attachment 891524

So here's another interesting tidbit...




Why are they paying the "traders" 25% of the income? Are they actually just using 25% trading fee as a method to further give themselves "breathing room" i.e. "allocate" less of the income to members? Or is the "bot" the trader? But they pay 10BTC monthly for it? More information that doesn't add up.

If they ARE trading with 13000 BTC this month, they'll make ROUGHLY 1300 BTC growth (past performance is not indicative of future performance... but here's this calculator to project...).

That means the "traders" would get 325 BTC this month... A little more than their 10 BTC license fee....

 

[r00igev@@r]

So here's another interesting tidbit...

View attachment 891528
View attachment 891530

Why are they paying the "traders" 25% of the income? Are they actually just using 25% trading fee as a method to further give themselves "breathing room" i.e. "allocate" less of the income to members? Or is the "bot" the trader? But they pay 10BTC monthly for it? More information that doesn't add up.

There are no traders - that is an extra amount to skim!

 

[warrenpridgeon]

There are no traders - that is an extra amount to skim!

Indubitably Watson!