Pro Signal.net

This is a discussion on Pro Signal.net within the Forex forums, part of the Markets category; I've just come across the ProSignal.net website, and was wondering if anybody has traded using the signals they provide? Has ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 7, 2005, 2:40pm   #1
Joined Feb 2005
Pro Signal.net

I've just come across the ProSignal.net website, and was wondering if anybody has traded using the signals they provide? Has anyone used the automated system whereby a trade is automatically executed in your account when a buy or sell signal is identified? If so, were you able to make anything like the profits they show on the website? Any information would be appreciated.

Thanks
IM.
oriana is offline   Reply With Quote
Old Oct 7, 2005, 7:02pm   #2
 
c6ackp's Avatar
Joined Aug 2004
Hi IM.

I took a look at this website and the returns seem a bit ridiculous: +126%, +192% and +83% for the past 3 years - I don't doubt that this is possible, but anyone who could really deliver this performance would be inundated with offers of money to be managed (i.e. not trying to sell software, courses, subscriptions, etc.)

I just finished an assignment in prime brokerage with the #1 investment bank in the city and the hedge funds only managed 1.9%, on average, in the first 6 months of this year. These are some of the smartest guys in the business and they find it tough to consistently make returns above the benchmark indices.

So, you might learn something from this software/course/whatever but don't expect an easy ride.

If you want to run some free backtests you could try www.fxengines.com - they seem like a good bunch and they don't make any dodgy claims...

Best of luck
Steve
__________________
Maximum size, minimum risk
The purpose of models is not to fit the data, but to sharpen the questions
Many of life's failures are people who did not realize how close they were to success when they gave up
c6ackp is offline   Reply With Quote
Old Oct 8, 2005, 12:41pm   #3
Joined Sep 2005
oriana, I have use pro signal for the past few months, I find their charts great, but their buy/sell signals are awful, mainly because I daytrade, and so my strategy is different from theirs, as they are more longer term. Hope this helps
tomaz55 is offline   Reply With Quote
Old Oct 10, 2005, 7:26am   #4
Joined Aug 2004
hi oriana,
our platform allows traders to trade automatically chosing from a number of 3rd party signal services for trades.

Regards
gregh285 is offline   Reply With Quote
Old Oct 12, 2005, 12:34pm   #5
 
1 Posts
Joined Aug 2005
Some time ago i have used their signals , but now i prefer free services - at learncurrencytrading forum i was found finrise.com and test it now. It have succes as prosignal , but sometimes and stop losses also :-\
Mike Hilton is offline   Reply With Quote
Old Oct 13, 2005, 8:18am   #6
Joined Aug 2004
hi oriana,
check out the fx-reviewers experience of Prosignal;

http://www.createphpbb.com/phpbb/vie...forum=fxreview

greg
fx-auto
gregh285 is offline   Reply With Quote
Old Oct 13, 2005, 8:37pm   #7
Joined Sep 2005
Quote:
Originally Posted by c6ackp
I just finished an assignment in prime brokerage with the #1 investment bank in the city and the hedge funds only managed 1.9%, on average, in the first 6 months of this year. These are some of the smartest guys in the business and they find it tough to consistently make returns above the benchmark indices.
1.9% on average is pretty bad result (no hard feelings pls.). World is full of 'smart guys' but this is specific business, no school or social contact will make you smart enough for it. It is only learning, practicing, persistence, year after year, that will make you good trader. There is no shortcut. And funds are full of semi-skilled traders (but with fancy diplomas). Statistics shows that there are not many skilled traders with more than 5 years of practical market experience. And 5 years is hardly enough. There is certainly more funds than good, skilled traders.

I personally am 10+ years in this business. First 5 were losing ones, where I made all possible mistakes and have seen all possible situations/setups. Now I make 400-500+% in same six month period, without too much effort (using leverage 1:20 to 1:50). If you want equivalent required fund result, divide percentage (leverage) by 5 or by 10.

If those '1.9% smartest guys' think they will take my (and my fellows') money, they better be prepared for hard times. You cannot substitute experience.

honest regards

Dag

Last edited by zagreb; Oct 13, 2005 at 9:00pm.
zagreb is offline Coach/Trainer   Reply With Quote
Old Dec 27, 2005, 5:47am   #8
 
5 Posts
Joined Dec 2005
Quote:
Originally Posted by oriana
I've just come across the ProSignal.net website, and was wondering if anybody has traded using the signals they provide? Has anyone used the automated system whereby a trade is automatically executed in your account when a buy or sell signal is identified? If so, were you able to make anything like the profits they show on the website? Any information would be appreciated.

Thanks
IM.

The signals seem pretty fair and good to me. problem is waiting for the exits you need to stay up or just put one in and go to bed.
I dont think fx reveview was very complete
guyl is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Signal service Welshmal Forex 14 Mar 7, 2007 11:57am
mvp signal system v21.E sell signal mr_cassandra Trading Systems 0 Nov 21, 2004 12:19am
E Signal and TWS seancass Trading Software 2 Dec 30, 2003 2:55pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)