Signal Trader
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Overall
Service closed.
Overall
Otra situación de riesgo extremo han tenido el dia 20y 21-04-2016 en el sistema signalstinger he visto como abrieron 16 posiciones de 0.30 lots. en una cuenta de un balance de 2000 euros lo que hace un total de 4.8 lotes abiertos una burrada ya que de ponerse el mercado en contra con unos 40 pips hubiera muerto la cuenta finalmente parece que cerraron con una perdida de 700 euros aprox esto parece que fue un fallo del sistema pero se ve la poca profesionalidad de estos tios.
Overall
Yo he perdido mucho dinero con esta gente mi primer sistema fue signalwabe empezó ganado poco a poco con un grafico muy estable hasta que finalmente perdió todo lo ganado y mi capital después invertí en signalpower que era una martingala que ganaba muy establemente hasta que decidi retirarme por que lo iba ha perder todo después vi como retiraron el sistema.
solo se preocupan en tener el grafico del sistema con una apariencia constante pero que finalmente muere después de meses cobrando las comisiones de negociacion aparte de financiar la cuenta segun ven que el DD aumenta por lo que no sabes cuando perderas todo.
Overall
This is my experience with Signal Trader. I opened a demo account in Nov 2015 and made some money. So I decided to open a live account in Dec 2015 and made 10% that month. In Jan 2016 the gain was 20%. In Feb 2016, one of the signals I followed is SignalPower had a big draw down and they topped up their account a few times to avoid margin calls. I also had a margin call and topped up my account. Many other people got caught out and their accounts got completed wiped out. The big draw down continues in Mar 2016 until last night they decided without warning to remove SignalPower and forced close all open trades. I lost all my money.
I don't think they have capital management in place and do not set stop losses on their trades. They are more focused on showing good profit and ignore draw down until the account is completely wiped out and remove the signal without warning.
Overall
I don't quite agree, but each to their own.
Firstly James_Bond;
The gain would have been in this case accurate as we all know the gain does not include open trades with the majority of forex tracking services. When they are settled then if the gain showed the same percentage, then we could say it is inaccurate.
Like anywhere else you have to do your due diligence before following a provider, I have been using the website for three years and use a multiple providers to diversify my portfolio which not only did live chat recommend when I joined but as a long term investor this is just basic investing knowledge, not to put all the eggs in the one basket.
In they three years I have gained 742% on my accounts in total.
Overall
Not recommended.
Almost all the systems used are of a martingale. The signal providers refinance accounts and just so they can continue to operate. It is not serious. I in August I was able to avoid a chasm with the system SignalGBP. If you do not come out I would have lost all my capital (€ 25K !!!)
Overall
I have to completely agree with James_Bond, I have been watching these guys for awhile.
I was also suspecting they are trading a cent accounts.
Don't use this web site, you will loose your money.
Few years ago I did invest $5000 with signaltrader.com however after a few weeks I decided to pull my money back and I broke even. If I didn't pull my money I would of lost it all. I have seen so many of their system go bust .
Overall
Not only they show fake figures, but they also manipulate results and I'll explain exactly how.
Take for example their top system http://www.signaltrader.com/trading-rooms/, SignalMaster - it shows 338%. Is that so? Let's enter the system: http://www.signaltrader.com/trading-rooms/signalmaster
http://www.myfxbook.com/files/James_Bond/SignalMaster___Forex_Signals___Forex_Systems_8D.png
A balance of 109,523 and a floating loss of 67,339, giving a 61% drawdown! Is that even the real drawdow? Absolutlely not. The accounts in signaltrader are cent account (so a $100,000 account is only a $1,000 account). All of the systems are grid systems designed to increase balance and reduce equity - once equity is too low, they inject $10,000 to the account (ie $100) to let the systems run some more and thus reducing floating loss. For exampe, this same system had a few days ago only 83,000 balance, meaning the current loss would be over 80% drawdown!!
Moreover, since the returns=profit/deposits, when the accounts run into a loss, they can add funds to reduce the loss or vice versa - remove funds from the account to increase alleged profit.
You can check the rest of their systems for the same pattern.
