fxeasy75
Private, 1st Class
- Messages
- 62
Official Trade Log
11/Mar, Buy AUDUSD +55pips
12/Mar, Buy GBPUSD +17pips
12/Mar, Buy USDJPY +27pips
12/Mar, Buy EURJPY + 20pips
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PS: I am now starting an official trade log of all trades taken with ProfitForexSignals via email and the actual trade results. There are some "factual" errors on MY side, not PFS. I dont usually read mail on the dot when they are sent, since I have a phone that has no subscription to internet, thus when I walked away from my PC and the signals were sent, I may be late in getting into the trade, but I had placed a market order and exit the trade per their advice of pip stops. I made a mistake with the GBPUSD trade, and exited at 15pips instead of 17pips (LOL!). The fact that I entered at a more unfavourable price and exited at SAME pip count using same pip SL, its truly a GOOD (extreme) test of how good the signals are.
Eg (Signals) EP for GBPUSD was 1.4853, my EP=1.48869. The signals sent were:
Buy GBPUSD, 1.4853, SL= -40pips, Tp=50pips. There was a revision email to exit this at 1.4870 thus 17pips. So my entry was: (my original tp was 70pips from 1.48869, then revised to 15pips exit)
Buy GBPUSD (market rate) 1.48869, SL=1.48469 (-40pips), TP=1.49019=15pips.
As I mentioned this was MY mistake not PFS that I somehow dropped my "contacts" and read 17pips as 15pips! As you can appreciate from above, despite the late entry, I went pip for pip in terms of SL and TP and if u are doing the calculation, this GBPUSD trade was exited at 1.4870 yet I exited 1.49019 and still hit the recommended "wrongly placed" TP levels! If this is not such a good signals, it would have turn against me and it would have hit SL!
To be fair to PFS, I went back to the chart and calculate the GMT offset. Here's the logic I used (all times used here are example only not real):
Eg Entry of GBPUSD mail was rc'd at 6.22pm (PC time) I am GMT+8
Broker server time=GMT+3, thus look at the 1pm hr chart of GBPUSD. The range of that candle has to accomodate 1.4853, that is (since its a buy), the lowest >=1.4853 this indicates the trade did hit this EP
Entry of revision to exit at 1.4870 sent at 8.43pm (PC time)
Thus look at 3pm candle lowest >1.4813 (the original -40pips SL) & lowest to highest range >=1.4870. This meant when the trade was in play, the SL was NEVER hit and the TP was hit
Its possible to download 1min data from metaquote for ALL currencies (based on PFS) signals to your MT4, but this may take upto 1-2hrs for EVERY currency pair that PFS traded. You just set the bars to the highest value in MT4 in order to download it, and make sure u got the patience + hard disk space. I dont do rocket science and in order not to confuse myself, I used 1hr chart and a "fair, reasonable, mathematically logical" analysis of prices accordance to time mail was rec'd to trace back to whether the TP was hit as well as take note that SL was not hit
=================================================================================================================================
ALL the above trade logs used PFS ep and PFS advise TP stop levels, not my actual trades, since I am a lousy time mgt person for not sitting at my pc and reading mails on time to react to the signals. DESPITE this, all the trades (except for AUDUSD) were entered at whatever market rate, used that exact SL pip count to enter the stops based on that market rate of entry as well as exact pip count for TP based on the original signals (if there is no update) or the revised TP pip for pip!
=================================================================================================================================
Pls look out for more updates as it goes! It does not mean that u shld take up PFS services, as I really dont know whats happening to their trade copier which started this original scam alert. In order not to get "stoned" by FPA members, I decided to only focus on my trade logs vs PFS signals. What you decide is for you to know and its your own choice. In later "series" I will just placed down the dates and trade logs and wont go into explanation again rgds how I trace back the trade to "verify" the tp issued by PFS. Unfortunately PFS did not allow me to access members area so I cant say whether there was an actual trade log that PFS kept in members area or not and whether PFS was honest with their result reporting. I am not here to judge PFS honesty since there is no proper way for me to judge, rather just to report their signals vs my MT4 results, remember its PIP for PIP in regards to SL and TP, DESPITE whatever market rate I entered
See you soon.
11/Mar, Buy AUDUSD +55pips
12/Mar, Buy GBPUSD +17pips
12/Mar, Buy USDJPY +27pips
12/Mar, Buy EURJPY + 20pips
==================================================================================================================================
PS: I am now starting an official trade log of all trades taken with ProfitForexSignals via email and the actual trade results. There are some "factual" errors on MY side, not PFS. I dont usually read mail on the dot when they are sent, since I have a phone that has no subscription to internet, thus when I walked away from my PC and the signals were sent, I may be late in getting into the trade, but I had placed a market order and exit the trade per their advice of pip stops. I made a mistake with the GBPUSD trade, and exited at 15pips instead of 17pips (LOL!). The fact that I entered at a more unfavourable price and exited at SAME pip count using same pip SL, its truly a GOOD (extreme) test of how good the signals are.
Eg (Signals) EP for GBPUSD was 1.4853, my EP=1.48869. The signals sent were:
Buy GBPUSD, 1.4853, SL= -40pips, Tp=50pips. There was a revision email to exit this at 1.4870 thus 17pips. So my entry was: (my original tp was 70pips from 1.48869, then revised to 15pips exit)
Buy GBPUSD (market rate) 1.48869, SL=1.48469 (-40pips), TP=1.49019=15pips.
As I mentioned this was MY mistake not PFS that I somehow dropped my "contacts" and read 17pips as 15pips! As you can appreciate from above, despite the late entry, I went pip for pip in terms of SL and TP and if u are doing the calculation, this GBPUSD trade was exited at 1.4870 yet I exited 1.49019 and still hit the recommended "wrongly placed" TP levels! If this is not such a good signals, it would have turn against me and it would have hit SL!
To be fair to PFS, I went back to the chart and calculate the GMT offset. Here's the logic I used (all times used here are example only not real):
Eg Entry of GBPUSD mail was rc'd at 6.22pm (PC time) I am GMT+8
Broker server time=GMT+3, thus look at the 1pm hr chart of GBPUSD. The range of that candle has to accomodate 1.4853, that is (since its a buy), the lowest >=1.4853 this indicates the trade did hit this EP
Entry of revision to exit at 1.4870 sent at 8.43pm (PC time)
Thus look at 3pm candle lowest >1.4813 (the original -40pips SL) & lowest to highest range >=1.4870. This meant when the trade was in play, the SL was NEVER hit and the TP was hit
Its possible to download 1min data from metaquote for ALL currencies (based on PFS) signals to your MT4, but this may take upto 1-2hrs for EVERY currency pair that PFS traded. You just set the bars to the highest value in MT4 in order to download it, and make sure u got the patience + hard disk space. I dont do rocket science and in order not to confuse myself, I used 1hr chart and a "fair, reasonable, mathematically logical" analysis of prices accordance to time mail was rec'd to trace back to whether the TP was hit as well as take note that SL was not hit
=================================================================================================================================
ALL the above trade logs used PFS ep and PFS advise TP stop levels, not my actual trades, since I am a lousy time mgt person for not sitting at my pc and reading mails on time to react to the signals. DESPITE this, all the trades (except for AUDUSD) were entered at whatever market rate, used that exact SL pip count to enter the stops based on that market rate of entry as well as exact pip count for TP based on the original signals (if there is no update) or the revised TP pip for pip!
=================================================================================================================================
Pls look out for more updates as it goes! It does not mean that u shld take up PFS services, as I really dont know whats happening to their trade copier which started this original scam alert. In order not to get "stoned" by FPA members, I decided to only focus on my trade logs vs PFS signals. What you decide is for you to know and its your own choice. In later "series" I will just placed down the dates and trade logs and wont go into explanation again rgds how I trace back the trade to "verify" the tp issued by PFS. Unfortunately PFS did not allow me to access members area so I cant say whether there was an actual trade log that PFS kept in members area or not and whether PFS was honest with their result reporting. I am not here to judge PFS honesty since there is no proper way for me to judge, rather just to report their signals vs my MT4 results, remember its PIP for PIP in regards to SL and TP, DESPITE whatever market rate I entered
See you soon.