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Signal Start vs AutoTrade
Apr 15, 2016 at 11:44
4,640 Views
12 Replies
Apr 15, 2016 at 11:44
So Autotrade is more carefully monitored (record verified etc) than Signal Start by Myfxbook. Since we pay a subscription for Signal Start I believe this too should be verified to the same level.
I have had a problem this week with Signal Start that should definately not have occurred, relating to the minimum balance required which is only made apparent once subscribed.
I would like to know what other problems people have noticed with Signal Start. If Myfxbook believes AutoTrade should be verified then how can I have confidence in Signal Start which is not!
I have had a problem this week with Signal Start that should definately not have occurred, relating to the minimum balance required which is only made apparent once subscribed.
I would like to know what other problems people have noticed with Signal Start. If Myfxbook believes AutoTrade should be verified then how can I have confidence in Signal Start which is not!
richhand@
Member Since Jul 31, 2009
1418 posts
Apr 15, 2016 at 11:48
@richhand Signal Start systems are fully verified by default which is why there is no validation status per each system, unlike Myfxbook, where traders can upload non-verified account statements (until they go through the verification process).
Apr 18, 2016 at 06:26
Ethan the following email you sent me suggests that Signal Start is not as reliable.
"Autotrade users are required to have verified accounts when applying to the service.
SignalStart providers may or may not have verification."
Anyhow, to what level are Signal Start accounts actually verified? Look at the account of Millionaire Highway:
http://www.signalstart.com/analysis/millionaire-highway/5433
100% win rate over 52 trades and a daily profit of 37%. Has this ever been done before?!
"Autotrade users are required to have verified accounts when applying to the service.
SignalStart providers may or may not have verification."
Anyhow, to what level are Signal Start accounts actually verified? Look at the account of Millionaire Highway:
http://www.signalstart.com/analysis/millionaire-highway/5433
100% win rate over 52 trades and a daily profit of 37%. Has this ever been done before?!
richhand@
Member Since Jul 31, 2009
1418 posts
Apr 18, 2016 at 06:53
I apologize for the inconvenience; my reply was inaccurate;
I've meant that AutoTrade signals are hand-picked, and all accounts must be verified before a user applies it to AutoTrade, as for Signal Start - systems are not hand-picked but all of the accounts are verified by default, because they are set up on our servers and users provide us with the account login detail so the data is fetched directly from the brokers.
As for the account in your post, this is the data taken directly from the trading account of the broker.
I've meant that AutoTrade signals are hand-picked, and all accounts must be verified before a user applies it to AutoTrade, as for Signal Start - systems are not hand-picked but all of the accounts are verified by default, because they are set up on our servers and users provide us with the account login detail so the data is fetched directly from the brokers.
As for the account in your post, this is the data taken directly from the trading account of the broker.
Member Since Dec 04, 2010
1447 posts
Apr 18, 2016 at 14:45
also that millionaire highway is a demo account, I would filter out any demo accounts and any accounts on scam / dodgy brokers.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Apr 18, 2016 at 19:45
aeronthomas posted:
also that millionaire highway is a demo account, I would filter out any demo accounts and any accounts on scam / dodgy brokers.
i second that
Apr 19, 2016 at 06:27
Staff posted:
I apologize for the inconvenience; my reply was inaccurate;
I've meant that AutoTrade signals are hand-picked, and all accounts must be verified before a user applies it to AutoTrade, as for Signal Start - systems are not hand-picked but all of the accounts are verified by default, because they are set up on our servers and users provide us with the account login detail so the data is fetched directly from the brokers.
As for the account in your post, this is the data taken directly from the trading account of the broker.
Thanks Ethan I understand now
richhand@
Member Since Dec 04, 2010
1447 posts
Apr 19, 2016 at 15:34
richhand posted:if the trader has not enough confidence in their own system to have real skin in the game i.e. $$ they can make money of the signal, crash the signal after 6 months through overtrading poor choices etc, and they loose nothing, the people following can loose everything. Then the signal provider can change name and start up again, and have another lucky streak for a few months etc, rinse and repeat. I never trust demo results.
Why would a demo account be a bad thing? If it is automated it should give the same result and if it is manual then trading should be less emotional and therefore truer to the system at stake.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Apr 28, 2016 at 14:45
(edited Apr 28, 2016 at 14:45)
richhand posted:
Why would a demo account be a bad thing? If it is automated it should give the same result and if it is manual then trading should be less emotional and therefore truer to the system at stake.
real acc prove the seriousness of the trader,readay to put his money where his mouth is
Member Since Feb 22, 2011
4573 posts
Apr 28, 2016 at 16:03
richhand posted:
Why would a demo account be a bad thing? If it is automated it should give the same result and if it is manual then trading should be less emotional and therefore truer to the system at stake.
Well it depends. There are known systems that works only on demo not on real. Like the tight pip scalper or arbitrage.
Aug 03, 2017 at 06:40
richhand posted:
Why would a demo account be a bad thing? If it is automated it should give the same result and if it is manual then trading should be less emotional and therefore truer to the system at stake.
Because, many traders use demo for gambling! So, it’s risky to use!
Member Since Feb 22, 2011
4573 posts
Aug 03, 2017 at 09:53
richhand posted:
So Autotrade is more carefully monitored (record verified etc) than Signal Start by Myfxbook. Since we pay a subscription for Signal Start I believe this too should be verified to the same level.
I have had a problem this week with Signal Start that should definately not have occurred, relating to the minimum balance required which is only made apparent once subscribed.
I would like to know what other problems people have noticed with Signal Start. If Myfxbook believes AutoTrade should be verified then how can I have confidence in Signal Start which is not!
Signalstart stats. Observe them, especially the accounts with zero DD and insanely high profit.
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