Profit Forex Signals service has a good presentation with explanation videos about how great their signals are. The devs provide us with a trading account to check results. There’s a claim that it’s “The Best Forex Signals Ever.”
Profit Forex Signals at a glance
|Price||$49, $99, $249, $499|
Profit Forex Signals functionality
We have prepared a list that unites all information about the system, it’s signals, and their quality in general.
- It generates signals based on trading around support and resistance levels.
- The win rate can be up to 90%.
- They have over ten years of Forex related experience.
- The company has gained over 1000K pips since they started working. It can’t be true.
- An average monthly gain can be 9000 pips.
- This does not sound right because trading results show the opposite.
- The signals format includes: Entry Price, Stop Loss, and Take Profit levels.
- ROI can be over 300%.
- It places SL levels at 35 pips or so.
- We can receive signals via SMS, email, and trade copiers.
- The orders are pending ones.
- There’s welcome 24/7 support.
- It hasn’t lost three orders in a row since the beginning.
- The copy trading software will be provided for free.
- The performance results are verified by Myfxbook.
- The system received an award twelve years ago.
We have various subscription packages on the board: Standard 1000 for $49, Professional 2000 for $99, Ultimate 5000 for $249, and Pearl 9000 for $499 monthly. Pricing is unfriendly and looks sky-high compared with the similar robots from MQL5. The packages include free VPS and copy-trading software. The number of possibly obtained pips isn’t real.
Profit Forex Signals trading strategy tests
The system wasn’t tested properly. So, the presentation doesn’t include any sign of trading results. We need this intel to be sure that its win rate, drawdowns, profit factor, and other parameters are okay.
What about Profit Forex Signals live trading results
We have a real account deployed several months ago. The developer is IC Markets. The advisor works with 1:500 leverage on MT4. The account has a verified track record. It was created on November 24, 2021, and deposited at $3000. Since then, the total gain as well as monthly gain have become 54.37%. The maximum drawdown was 38.89%.
The advisor has traded 87 orders with 155.9 pips obtained. An average win is 11.62 pips when an average loss is -31.14 pips. The win-rate is 71% for longs and 87% for shorts. An average trade length is 7 hours and 24 minutes. The profit factor is 1.32.
GBPUSD is the most traded pair with 48 orders closed and $896.40 gained.
The advisor opens most of the orders during the European trading session.
Thursday with 6 orders is the less traded day.
It works with dangerous risks. There’s a 65.05% chance of losing 10% of the balance.
The advisor works with deep SL levels and with a trailing stop loss feature.
The system trades unpredictably from month to month.
The company has a page on Trustpilot with a 4.5 rating based on 371 reviews. The site mentioned that there are many fake reviews written.
There are many negative testimonials written. People claim that the service doesn’t provide them with mentioned pips.
Profit Forex Signals Review SummaryProfit Forex Signals
Functionality2/5 BadWe know nothing about the system.
Trading strategy2/5 BadStrategies weren’t properly explained.
Live results2/5 BadThe system runs a real trading account for two months only.
Customer support2/5 BadWe know nothing about the customer support the devs provide.
User reviews2/5 BadThere are many negative testimonials written.
- Trading results provided
- No team revealed
- No risk advice given
- No settings explanations provided
- Many negative testimonials