FxBossTrading.com Review

Not too bad, and attentive service. Autosignals system works very well. I used this service for a month (not very long) and it was an odd month in any case. They only came to my attention after a mixup and possible scam by a different signals service.

Good
+Autosignals work well
+Encourages VPS use and offers rebates
+Attentive staff


Less good:
- You need a good sized account balance to justify the cost of the signals per month (think of it percentage wise compared to your account)
- Over a month didn't break even (prepared to forgive it but I can't afford to continue)

Good results so far over 200+ pips net per lot average per week since I joined

10 stars for letting me not be stuck in front of computer all day, 5 stars for profit. good service happy happy:)

The did have issues in September but they were straight forward about it ( 5 stars for honesty ), like they say the stats are there for all to see( FPA supervised to avoid any tricks) and a link in there site to it too. Since I have made over 700 pips when with other providers it was a hassle to make 100 in a week. I really like how its done, following the order flows, maybe in next 3-6 months I will master it by looking at it historically. But meanwhile I take my pips and am happy

Thank you FPA, cause of you I finally found a good provider, I was cheated and scammed before, but now I am making money. Please FxBoss dont pay attention to these people keep up the good work.

2009-09-03 5 Stars
Review: If youre in forex for the long run not to get rich over night, cause I've been with many signal services these guy's are the real deal almost 3 weeks without a loss trades with over 250-300 pips each some of them. When they have a loss other providers are underwater with seriuos drawdowns. Bottom line 5 stars

FX Boss,

You claim that my statements are half truth? Lets get straight to the point of the TRUTH and you tell me were there is a lie. I will be glad to point out the obvious to you since everyone here can clearly read about at it in the “Live Discussion. area here in the FPA area were your signals are under view and see the loss in the statements for Sept of 2009

Fact # 1) Did you or did you not have a starting capital gain of approximately $ 11, 400 at the start of Sept and end the month of Sept of 2009 with an approximate Balance of only $2,113.34 ?

Fact# 2) Did you not have a draw down (Loss) of over 83% in Sept ( of your gains) based on the very simple math above .Which we can all see here on FPA and also on your website which had your MT4 Stats , which you were so fast to remove just recently?


Fact # 3) Did you or did you not have over 3 weeks of losses in Sept, were your win rate was less to 23%? Since you are so quick to point out your recent small gains. Which by the way have yet to take you back to your “water mark high” as of today Oct 25,

Fact # 4 ) Did you or did you not open up your stops on the GBP/JPY at the start of Oct when you bought the GBP/JPY at the high and took a 153 pips of heat PER LOT, were you normally use a 100 pips stop lose. If you like I can even tell you the DATE AND TIME and show everyone the draw down you claim is only 75 pips,

Fact # 5) Have you or have you NOT updated you web site to show the losses you took in Sept, of 2009 .Still to this date you are here talking so much BS , BUT HAVE FAILED to SHOW your loss ,explain to us why ? Since you fail to mention this and seem to be dancing around the issue.

NOW TELL ME WHERE THERE ARE ANY HAVE TRUTH? You are the would dancing around the pure and simple fact which are in plane Black and White, and you are the one removing the MT4 stats from your site. Thank god for FPA.

If I could rate you I would rate you 1 star because for your Lies.

Hi FPA members:

We would like to clarify some issues brought up. First as being invited by FPA for their public stats review we decided to participate in order to bring change and honesty to this industry which is much needed. If we had been hiding any results we would never have decided to go with live stats for the world to view. It would be very unwise to state something only to crash and burn a few months after not being able to keep up with claims. If we do any wrong doing FPA would be the first to pull our ears in favor of any member here.

We have been managing private accounts for over 3 years now with our success rate as per claims. We did have technical issues with the MT4 used for the statements in first 2 months as these were done manually, reason for discrepancy in pip count for August and September, concerning the much famed losses: 2/3 of these were triggered and stopped within about 5-10 pips but not sustained in live accounts.Some wins were not placed in orders all of which were done manually , these issues have been corrected. We had an API created since our accounts are not MT4 to have the orders placed automatically and service the copiers.


Concerning pip count and interpretation: its very easy you just have to take all pips made and divide by 2 that will give you net pips per lot not 4x as Joao says who was quick to judge us on his first post then retracted (2 pairs 2 lots each pip count is times 2), its very easy to read: close to 1800 pips in August divided by 2 you get 900 pips net per lot per the statement, as for Matej 3-4 days is not enough to asses any service provider, we offer trial so people get used to our trading style (which is intraday) and if they like it to continue, cause you may have a drawdown when you come in and next week make 300-400 pips; it has happened, good luck in future search........

Now to Jen we are very much amused by your half truths, we did explain the first part of your review which insinuated being dishonest as far as risk, we risk 2% per trade max. It is not 150 pips its 75 those losses you talk about. But our norm is 50-60 pip stops seeking 2/1 ratio at least so when you say we get 40 pips, you fail to say for the second lot we made 120 or more, depending on case per trade. Also you fail to say we had close to 3 weeks without a loss.

Bottom line is we will be here for the long run (years to come) or as long as God wants. We will continue on to prove with results not words good luck and many pips to all....


PS: We do invite anyone who has a question or concern to contact us directly we would be happy and prompt to help.

This is just thing that many website do, They fail to update the performance page when they have had a bad month. They are hoping that they can bury the losses with the next months gain and still get people to join before they are force to show the losses. This is the first MAJOR "Red Flag" that shows up in a un-trust worthy web site. But I think it is worse than the negative -450 pips you wrote, after taking a brief look a the trading record it is more like a negative – 523 pips down for the month of Sept .2009 on both the GBP/JPY and the GBP/USD

Now there is another problem which is starting to come to light with FXBOSS. That is not able to be seen unless you are on his service or follow the testing very close. Before on the GBP/JPY his stops were 100 pips and about a 40 pip target. Now if you go back and take a close look at each trade it is very easy to see that FX BOSS has started to open up his stop lose to 156 pips for the same 40 pip gain < He started this just this month in Oct just go back and look at the win on a chart ,and you will see the extra wide stop lose he used to win.

FX BOSS is not that good of a trader to recover from these large losses. That showed up in his Sept. 2009 record. FX BOSS would have to be better than a 80% win rate which we can clearly see he is not. But that is one of the reason I do not like the MT4 stats. It fails to show the amount of “heat” taken in order to win a trade.

He just got like on his last trade that the GBP/JPY was trend up and he just trailed the stop lose. But this is very uncommon of him since last month in Sept he losse over 83% of his total gains, He was at about 11,713 USD of gain and finish the month os Sept down at 2,120 USD so we can tell very easy that his trading is not that good either is his win rate to justify larger stops.

Review Moderation Team Note: FxBoss is part of the FPA's performance testing program. You can check out the trades by clicking the link towards the upper-left.

They state they earned 555 pips on GBPUSD during August 200

Five stars for being profitable. BUT only rate 3 for now due to misleading PIP COUNT, since a correct measure to compare services is to count by each pip gained. Since this service trades 4 lots (two pairs), 0the pip gained is being overstated by 4x. So if they traded 10 lots, their pip gain will easily mislead in comparing to other services that trade one lot. Then it is up to each trader/subscriber to trade as many lots as fit. Nevertheless, nice to see a profitable system, and now with automated account copier.