Forex Robots

Profit Forex Signals Review: The System That Trades With High Drawdowns

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Profit Forex Signals

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.

Profit Forex Signals trading results on Myfxbook

Profit Forex Signals trading results on Myfxbook

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%.

Profit Forex Signals statistics

Profit Forex Signals statistics

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.

Profit Forex Signals directions

Profit Forex Signals directions

EURUSD and GBPUSD are the equally traded pairs–31 orders.

Profit Forex Signals closed orders

Profit Forex Signals closed orders

There only one order is lost among the last 20 traded.

Pricing

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.

People feedback

People testimonials on Trustpilot

People testimonials on Trustpilot

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.

Customer testimonial on Trustpilot

Customer testimonial on Trustpilot

Customer review on Trustpilot

Customer review on Trustpilot

Negative customer testimonial on Trustpilot

Negative customer testimonial on Trustpilot

Many former clients claimed that the service wasn’t profitable for them at all.

Profit Forex Signals

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Profit Forex Signals is a service that provides everyone with Forex-related signals. The presentation includes some explanations about the system’s features and just the deployed account. The trading results show that the system works with huge drawdowns. Also, Trustpilot mentioned many fake testimonials published.

  • Trading results provided
  • No team revealed
  • No risk or money management advice given
  • No backtest reports provided
  • An absolutely new account created
  • No extended trading results
  • Trustpilot mentioned many negative testimonials
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