Since they give clear instructions on how to use their signals, they have to follow them as well before publishing their results!!!
If they use different rules to show their results, it is called result manipulation!
If they clearly state that if a signal goes +15 pips is profit, then they advice to bring your SL to BE. The TP is still 40 and the signal turns against you at +39 and goes back to 0.
Your result is 0, but they will publish +39.
If this happens 10 times in 1 month, it means that their results will be 390 pips higher than yours!
Do you think that that is the correct way to publish results? I don't find that correct.
I know that they have some loyal customers and the fact that they have a live chat is really a plus. If you learn to get along with their signals, then you will be profitable, but you will never have the results that they are publishing.
Again i contacted them through their live support as regards to this issue, just like what i already expressed in my last post, you will never achieve the same results with any signal provider, for instance, a subscriber could decide to exit a trade at maybe +20 pips while another subscriber could decide to wait to exit a trade at +35-40 pips profit. At this point both subscribers had exited at different profit level and their is no way both subscribers would achieved same results. However, they told me that they are working out a plan to address this issue, as they have applied to a popular auto-trading service company to address those seeking to achieve same results with them.
Of course, i know they have some drawbacks just like every other
providers out there and that should not be translated as scam. They
have many satisfied customers and have positive ratings in some other
review websites as well. One thing is, try and ask them as many questions as you can and they will help you to understand how to use their signal better. And if you are not convinced you move on...it is that simple. I was refered to their service by one of their subscribers, so far it's been okay for me and i plan to pay for the full month subscription next.
Here is the trading instruction email, among others they sent to me at
the time of subscription:
------------------------------------------
From: Fx Pro Signal Alert <support@fxprosignalalert.com>Add
support@fxprosignalalert.com to my Address Book
To: ........@hotmail.comAdd to my Address Book
Subject: Pips Calculation
Hello,
Maximum profit is the highest (for buys) or lowest (for shorts) price
reached prior to our close of the trade that is equal to 15 pips or
higher than 15 pips. Note, we do not consider less than 15 pips as a
result. If a trade moved +14 pips and not up to +15 pips before
reversing back to stop loss is a failure to us and will be recorded as
lost trade. For example, you received a trade signal and the trade
moved more than +15 pips before reversing back to stop loss, then the
maximum profit which is the high of that trade will be recorded as profit.
Best Regards,
Fx Pro Signal Team
Now with this in mind, I have set daily pips target for myself and know when to exit trade without being greedy. On the other hand, I 've asked them to come here [FPA] to help people understand better.