Signal Start

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POSTED BY @785boats AND REMOVED BY MYFXBOOK. IS IT COMMERCIAL? I DON'T THINK SO.

"I have had mixed results trying many signals; more than 10 in the last 4 months mostly at $30. So I am running at a loss.

I am impressed with the technology and the interface, so I have kept on as a follower. I do not see much competition out there, although I will soon try Myfxbook auto trade which claims to be more transparent. Time will tell.

My considered opinion is that the rating system as presented is a guide only and one has to analyse all the parameters and then suck it and see. In any event, trading is never certain and high risk.

Over the last 3 years having been badly burnt by Binary Options, I went on to FX PAMM accounts with many brokers with little financial success. 30 to 40% commission is just too high IMHO.

This service has been fun and remains promising financially.

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Myfxbook continues to cancel the posts it doesn't like.

Bad Boys!

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Anyway, the signals indicated by @785boats don't satisfy the rules of @Brendan777 and applying the rules of @Brendan777 I didn't find a signal with a decent profitability to repay at least the cost of the service.

So, this little experiment has been usefull to me to have the confirmation that at the moment there is no one good signal in all Signal Start offering.

So, don't waste your money and stay away from Signal Start, it's worst than a grand casino in Las Vegas...

Maybe, you could find instead a couple of little diamonds in AutoTrade.

Good Luck!

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Well, I am 40% down on this one. Not the best signal provider...

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I don't really make signal recommendations because no signals/EAs last forever and everyone has different risk tolerances, but I can recommend the settings I use to filter out the potentially better signal. Two parameters: 1) DD under 20% (preferably under 15%), 2) Age over 6 months (preferably over 1 year). I don't really focus too much on returns, I put 90% of my attention on risk control.

Then I review the trading histories, mainly how long the trades last and how it saves losing positions (I usually stay away from martingales as that strategy is more suited for cards not FX IMO). Win ratio I look for a minimum of 75% or better. I guess lastly is the price, some providers are clearly trying to gouge their subscribers, those in my experience don't usually last too long. Most providers who are realistically confident of their signals usually price them at $30-$100.

The idea is to safely build up your account to at least $100K over the period of 1-2 years, then maintain a very low DD so that even at 10% return per month you're looking at $10K income. At $200K it would be $20k/month and so on.

As 785boats said, DYOR and be very patient, set aside at least 2-3 years of monitoring and testing signals so that you can build up a good balance and retire early. I also think that as we advance in AI and programming, EAs and signals will just become even better and more sophisticated, there are a LOT of good signals now compared to the market 5 years ago.

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How nice

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@Vladimir101 are you copying right now some good signals on real accounts after having tested them on demo accounts?

Is there someone that is copying right now some good signals on real accounts?

It seems that most of people here is talking without copying...

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Are you were prevented from putting the signal in advance on a demo account? Can't understand. Or we'll go straight to the living by the rake.

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@Brendan777 can you kindly tell us which good signals you are copying right now?

This is a community...so we should share information about the subject, i.e. Signal Start and its good or bad signals.

Many thanks!

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Guys, you need to learn how to pick signals better and not only by the trading records. There are some good signals in Singal Start, but you need to analyze their trades, especially how they save their losing positions.

Also always remember, no signal will last forever, you will need to always watch the trades, but it's a lot less stressful then doing it yourself!

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My observations:

The signalstart and paybackfx services are myfxbook properties and all have very good reviews on myfxbook and best rate, comments are added by people who have never added a comment and now add, total is added already 270 and also the same number of rate ... very interesting ...

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Bad dancer, pants get in the way.
Need brain to switch on, analize the stats, need to have enough balance and everything will be fine, but most people think, that some guy will trade for them. They invet 100USD and try to do 1000000USD. Invest 100USD, get ready to win or lost 100USD. Want 1000000USD, invest the same sum of money.

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IF you use this service you will lose all your money . Originally i thought it was very good, I picked 3 providers with a good history and very low drawdown. One was a scalper called newyork city capital he basically used a martingale and kept added positions doubling in size until he got out of a loss increasing margin massively til almost recieving a margin call, he managed to get out in profit but because of latency between brokers many people suffered huge losses while he got out untouched, this guy is a ticking time bomb but has very good stats on paper. Next was real gold i started copying him when his drawdown was 5% he had a very good track record for the previous 8 months , he got greedy doubling his position size whenever he won, eventually almost blowing his account when gold shot up and went against him luckily i was copying him at 0.5 risk so i lost about 40% of my account. Machepro was ok but its just a matter of time until he blows too as he tries to average out when the trade goes against him, his stats show only 5% dd but i know as ive copied him that its really around 30% as that was HIS trades were showing in my account. Theres many other providers that look awesome pulling in massive gains, but their account are tiny, thats because they gain from people subscribing and their ea will only work for a short time before the account blows, when it does blow, they set up again via a different name, just take time to go through some of their history, they have tiny account of under $100, when some of the trades go against them you can see that they deposit huge amounts like 90K then close the losing position so their stats are not damaged, then withdraw the 90K yet if you copied your account would of blown. Tread carefully if you choose this service but best to keep away.

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All Good

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It just started.

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Customer service is too slow

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Technology used behind the Signal start is latest, fastest and the customer services are excellent, I am for around 2 years with you and never had any dissatisfaction!

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Price is a bit high

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Thank you :-)