Profit Forex Signals is a company that focuses on providing people with signals. The presentation looks good because it has verified trading results. The service was introduced as the best Forex signals ever.
Profit Forex Signals strategies and tests
The presentation provides us with some information about how the system is going to function.
- It works with checking support and resistance levels during the price action.
- An expected win rate is able to be as high as 90%.
- The developers have a relevant background of ten years.
- It has obtained 1,000,000 pips since the beginning. This doesn’t look trustworthy at all.
- We can get as high as 9000 pips.
- The available trading results aren’t as great as mentioned.
- We can rely on standardized signals format that includes SL and TP levels and entry points.
- We can work with a 300% ROI.
- SL can be placed at 35 pips.
- We can get our signals via SMS, email, and trade copiers.
- It will be pending orders.
- We are allowed to receive 24/7 support.
- The system should lose three orders in a row.
- We will receive copy trading software to be good.
- They have been verified by Myfxbook trading results.
- There are awards that were received many years ago.
Profit Forex Signals trading account review
The presentation isn’t featured by backtest reports that would help us to understand what testing the robot had before being released. So, we have no idea what broker data it uses.
Trading is going on a real account on IC Markets that is a well-known broker. The robot works with 1:500 leverage on MT4. The account has a verified track record. It was created on January 24, 2022, and deposited at $1000. The absolute gain is 26.51%. An average monthly gain is 26.51%. The maximum drawdown is huge–41.65%.
The system has closed 78 deals with 527.8 pips obtained. An average win is 9.31 pips when an average loss is -23.70 pips. The win-rate is 87% for longs and 93% for shorts. An average trade length is 16 hours 4 minutes. The profit factor is 3.94.
EURUSD and GBPUSD are the equally traded pairs–31 orders.
There only one order is lost among the last 20 traded.
There are various rental packages available. We can subscribe for a standard 1000 pack for $49, professional 2000 pack for $99, ultimate 5000 for $249, and pearl 9000 for $499. As for signals, this price is pretty high. We can rely on VPS service and copy-trading software.
Is Profit Forex Signals a good advisor?
We don’t know for sure. The system was reset to trade on another account. We don’t know what happened to the previous one.
There’s a profile created on Trustpilot. The site watch dogs mentioned that the system pumped the review number up. The final rate is 4.5 based on 390 reviews where a significant part of them is fake.
Many former clients claimed that the service wasn’t profitable for them at all.