Let other traders know if this service is worth checking or should be avoided.
Your feedback matters!
May 22, 2014,
I just requested support for this EA/Signal yesterday requesting information about the stop loss sizes that are used for the strategy. I was told by Skype support that they do not provide Skype support for the EA/Signal and that if I sent in an email request, they do not provide support there either. The support person was unable to share the size of the SL or any other information about the EA being used. Seems kind of weird since they are being used on managed accounts? You would figure that someone would know about the products being offered on their website. I am leaving no rating for people to decide for themselves but I would advise caution as they do not provide a long history, backtest or any other information on the EAs that are being used for the signal.
Apr 20, 2014,
Be careful, and dont be fooled by the 3 million balance. This is a HIGH RISK strategy.
Also they changed the perfomance test on their website from myfxbook to fxstat to hide the high equity drawdowns, because on fxstat the equity drawdown isnt shown in realtime.
For example: at the moment i am writing this, the equity is -650k and the balance 3500k = 17% drawdown, but fxstat shows 10%.
Sadly the myfxbook account is private now, but the last time i've seen it, the equity drawdown was even worse, ~25%.
So be careful and think twice before joining this system.
Review Moderation Team Note: Preventing issues like this is why FPA Performance Testing always shows Floating P/L.
Follow the link towards the upper left and you can check the FPA's test of this product.