1dayforex.com Review

I tried this service for a while. The signals were not profitable, but okay, every system can have drawdowns. There were less and less signals, and since January 2007 their Performance page hasn't been updated. They run another website called PipByPip that has not been updated since December 2006.

No. This outfit is a total scam. How about a signal service that after two months of subscription sends out 4 signals and then decides to load its home-page with ads for other specious signal services. BTW this is the same guy that runs PipbyPip; contact him, he'll tell you they are the same service - - but there were no day sinals -0- during a two month trial. Also, I selected a box that cancelled automatic withdrawls from my card, but wouldn't you know, they billed my anyway - - I had to get the credit card company to get the money back. An honest mistake? Don't bet on it.

I quit their service after two months. Although they were pretty honest to update their performance, the last three months were negative. The first monthly loses in two years, exactly when I subscribed. May not be a scam, but the strategy isn't a real winner either.

I would like to inform you, that 1dayforex has results for 2005 and 2006 year till august by using backtest method. October,November, December has drowdown about 100pips, its never happened before according previous results, what do you think about that? By the way a few days ago i got signal on member page, i did trade, i got loss 50 pips. I checked member page later to see that it has been updated with last loss, but there nothing about it! Support answered me that they never has before such signal, exellent! I still testing, i cant give more then 1 star right now, ill know later scam it or not.

I was subscribed to this service and found it OK. The technique Joseph (the system admin) uses is the "box", and th eproblem with this system is that, despite what the site says, the losses can be big on a bad day because the stop losses are too wide apart and you can have a trade go long at the opening of the asian session and then go south (wiping your previous gains on th elong position), hit the short trigger and then turn up again. I had too many of those trades on November and decided to cancell the service. But to b fair, Joseph is a nice honest guy, and he always responded to my emails. It is just the nature of the system, whicha has beeb consistently positive in th epast. Iguess I just jumped into thew two bad months!!!

I have found this site to be the very best on the web. It doesn't take much time. You just set it and forget it. It is very important to make all trades. I missed one recently and it was HUGE! I could have jumped off a bridge afterwards!!

I have been receiving their signals since three weeks now and I have used them on a demo account. The results from this month our not impressive, but: - they seem to be very transparent, past results are updated up to last month, for members they update the results each day. - past performance indicate an average 340 pips/month with small drawdowns. - signals emailed once a day (1 or 2 pairs) with entry points and stop loss. - relatively cheap ($ 85/month) You can download the full trade history to check individual transaction (I did): here are some statistics: - average 20 trades/month - success ration 61 % (I think is Ok, I don't trust those who report 80-90 % wins) - biggest drawdowns in range of 170-180 (I have counted 3 or 4 in 21 months) I hope they keep their performance in the same range in order to use their signals on a real account.

2007-01-16 update I quit their service after two months. Although they were pretty honest to update their performance, the last three months were negative. The first monthly loses in two years, exactly when I subscribed. May not be a scam, but the strategy isn't a real winner either.