doren11 posted: Hi. Good and free signals, but I personally prefer your free robot:) Thanks!
Would be interesting to hear from you now, after some more time.
I did use the signal and also the robot. Their web site does not really give a clue about their trading system and users have to find out it by their own experience, since also the stats are, from my perspective misleading. The signal follows a grid trading strategy and the robot martingale. Not any one is comfortable with such a trading style, since they will bust your account at some point in time. The question with such systems is, whether you made enough profit and withdrawals before this happens. The stats they provide are from my perspective misleading, as they don’t show the floating drawdown incurred with open positions. If they would use myfxbook with a monitoring account, it would become obvious, but they use another stats provider and I suspect this is the reason why. In my case, after a week or two of profitable traders with reasonable drawdown, it entered a trending phase and the drawdown went up to 40%. Such things are not reflected in their stat. At this point I realized, it is pure grid trading with no further trade management and stopped.
Enclosed from FX Signal and EA Pro some stats which does show the floating draw down.
At the moment, there are no major problems with this service. Monthly results at +1000/1800 pips, there are months when the DD is at 10-15%, but the profits always exceed these DD. I am satisfied with this service.
Thank you for all comments. We have been offering Free Signals for over 2 years and writing bad comments will not stop us from further expansion. We are currently working on new additions to our website.
Here you can see how our Trade Copier functions:
As for the threat of large DD to Trade Copier has additional protection for various situations.
Additionally in Trade Copier window you can set your own Take Profit or Stop Loss, you just need to put the value in pips and each position is going to open with your pre-defined Take Profit or Stop Loss. Using this function is not mandatory, it is just for additional security.
Please remember that we offer free signals for which you do not have to pay nothing, we work for you 24 hours 5 days a week. You can continue to write false information about our service on other pages, as you have done so far, and all just because we have disabled free access for you, just remember that this will not stop us, because we have regular customers for 2 years, who earn with us and are very thankful for our work.
As for your withdrawals is $3164.68, I will not publish a screenshot here because, we respect the privacy of each person and you not.
Please people who offer similar services don't add comments. All people will be reported to the myfxbook administrator, thank you.
If you have additional questions, please contact with us via our website, because here we not answer more. Within 24 hours you will receive an answer via email. Thank you
You will meet with a Rude yet client-facing support guy called 'Pierre Monet.' I have never met someone who has been so arrogant in this field. He is only focussed on maintaining balance and making money from your account. The best part is he doesn't even speak good English!
This guy has no knowledge of Forex but he initially sets up the account with no account management. He keeps high lots and high balance requirements to scare you.
I was still staying loyally with them for around 8 months now. On top of my initial 2000 dollars, I added another 1800. All that I am left now is 700 dollars.
Coming back to the Signal, it's ridiculous and they kept on buying GBP/USD all the way from 1.33 to 1.20 (which was the biggest cause of my drawdown). The signals were not set up with SL and TP.
When I asked about drawdown, he says set your TP or SL or manually close your position. What?? Aren't you a copy service?
Ostrzeżenie o wysokim ryzyku: handel walutami obcymi wiąże się z wysokim poziomem ryzyka, który może nie być odpowiedni dla wszystkich inwestorów.
Dźwignia stwarza dodatkowe ryzyko i ryzyko straty. Zanim zdecydujesz się na handel walutami, dokładnie przemyśl swoje cele inwestycyjne, poziom doświadczenia i tolerancję ryzyka.
Możesz stracić część lub całość początkowej inwestycji. Nie inwestuj pieniędzy, których nie możesz stracić. Zbadaj ryzyko związane z handlem walutami i zasięgnij porady niezależnego doradcy finansowego lub podatkowego, jeśli masz jakiekolwiek pytania.
Wszelkie dane i informacje są dostarczane "tak, jak są" wyłącznie w celach informacyjnych i nie są przeznaczone do celów handlowych ani konsultacji.
Wcześniejsze wyniki nie są wskaźnikiem przyszłych wyników.