FX-Review

[orbit500]

are they imploding ?
I was going to take a subscription on a small account after watching for a month or two. They seem to have been nailed badly recently.

[Bull_ski]

[almotor]

Yes, like Bull says, after an impressive 2004- 05 , has not been all that well- lets see what happens.

[Dan45]

I noticed that performance is getting worse with most of current signal providers. I think the last few months were not good time to trade.

[bigcat]

Are you guys referring to the same source as petersurrey is talking about in the thread 'FX Master scalp trader' over in the 'New Provider In Town' forum?

Bigcat

[mbadrick]

[Bull_ski]

[Paul]

Arg! 11*80 = -880 pips !
Are they good enough to make up for such a loss over a couple of month ?

[greentrade]

Yikes...and they are doing so well on the scalping posts that they are putting up for free on Moneytec!

[doctm]

I just followed their most recent trade. I just happened to be watching their thread this evening over on moneytec.

They gave a signal to go long on euro/yen @135.88 the very top was 135.98 but then you have the spread. 4-5 pips on these crossovers.
Over 3 hrs later they report a 9 pip profit. I am highly suspitious of that my friends.

How is it they get the very best fill to the pip and pay no spread? Cmon, who is foolin who. I think we better watch these guys.

Doc

[bigcat]

I noticed that trade call as well, and on my broker, there was about 30 seconds when you might have gotten that entry, that came several minutes before the call showed up on the message board, and the maximum possible profit I show (including spread) would've been 7 pips (with a 2.7 pip spread) before a stop out.

So it appears that he enters the position, then posts it to the board -- tough luck if the pair is moving already. After that, he seems to post the best possible result, which seems hardly achievable by any mortal attempting to trade it from these posts.

I unsubscribed from that thread after this call.

Bigcat

[Outsider]

Trading signals from a provider on an extremely short-term basis like this is extremely difficult and loaded with imperfections. I.e., brokerage differences, the time it takes the signal provider to take the trade himself and type it out so you get it, while the markets are moving. Never mind emails. I think we’ll need to see what it looks like when they use yahoo messenger or ICQ to really evaluate it.

The key is, in overcoming the imperfections can we still use it profitably. If Fxmaster reports that the service made 150 pips for the month, and you could only make 100 pips due to the inherent problems would it still be worth it to you?

I think it would be to me, as long as the disparity is a result of the inherent problems with the service and not dishonesty. Fxmaster has a reputation for being honest, so I’d have to give them the benefit of the doubt on that for right now. Their problem is not honesty right now with the regular service, in fact honesty is the one of the few things they have going for them right now. I think sometimes we get so caught up in matching the result of the provider exactly, because we know there are signal providers that are dishonest, that it could harm us in evaluating a service like this. Maybe we’ll be able to net ¾’s of the profits they produce. It’s imperfect no doubt. But who says you have to be perfect to be profitable?

[mbadrick]

[fxreview]

For anybody who joined FXMaster.net forum, did you notice that they try to restrict the access to the forum ? What do you think about it ? Are they trying to hide their real performance ? For me it's not a very good sign
_________________
David Michael H
"Trader helps traders with sincerity, honesty and integrity"

[goldenboy75]