Feed back about Fxmaster

This is a discussion on Feed back about Fxmaster within the Trading Systems forums, part of the Trading Methods category; Hi, I have been looking for a service that can send me forex signals in the form of entry/exit points. ...

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Old Nov 21, 2004, 11:43pm   #1
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Default Feed back about Fxmaster

Hi,
I have been looking for a service that can send me forex signals in the form of entry/exit points. I found many sites but in most cases,i read in different forums that the performance they post is different from the actual signals they send.

I find a good one that's supposed to be posting real sites. www.fxmaster.net
I need to confirm such performance from any members here who may be receiving these signals.
Thanks in advance
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Old Nov 22, 2004, 7:19pm   #2
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Default Re: Feed back about Fxmaster

I can confirm that they post real results for the last 4 months since i started receiving their signals. Profit made for November so far is 680 pips.
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Old Nov 22, 2004, 8:49pm   #3
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Default Re: Feed back about Fxmaster

Check them out on this link which was provided by Welshmal on another thread......

http://www.forexreview.cjb.net/
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Old Nov 23, 2004, 2:53am   #4
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Default Re: Feed back about Fxmaster

Old Bob, I've been thinking about them for many months, after seeing the site alliance mentions above, mostly trying to decide whether I can bring myself to "buying signals" and whether I'd really be willing to trade on them if I did. Would you mind telling us, please, what proportion of their signals arrive between say 8.00am and 10.00pm CET, and what proportion at night?
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Old Nov 23, 2004, 9:41am   #5
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Default Re: Feed back about Fxmaster

I too would be very interested to hear the experiences of someone who subscribes to them. The qouted results on the website are pretty impressive,(over 7500 pips in 12 months, max drawdown 110 pips) and the fxreview link shown earlier suggests they quote honest results.

Unless anyone has some negative feedback to report I would suggest they are worth a punt at $150 pcm, particularly as cable went through 1.87 today! (Shame I missed it)
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Old Nov 23, 2004, 9:44am   #6
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Default Re: Feed back about Fxmaster

I can't complain about cable or the Euro/$ today, I must admit. My reading of that website was a bit different from yours, Dave, it seems. I was very impressed if the figures are true (and they have apparently been vouched for by a couple of people, here and elsewhere), but I made the max drawdown a lot higher than that (?)
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Old Nov 23, 2004, 9:56am   #7
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Default Re: Feed back about Fxmaster

i would have thought so.

110 pips even with a solid scalping strategy is pretty phenomenal going.

i'd give my granny's right leg for that sort of stability.....
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Old Nov 23, 2004, 10:21am   #8
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Default Re: Feed back about Fxmaster

Quote:
Originally Posted by Roberto
I can't complain about cable or the Euro/$ today, I must admit. My reading of that website was a bit different from yours, Dave, it seems. I was very impressed if the figures are true (and they have apparently been vouched for by a couple of people, here and elsewhere), but I made the max drawdown a lot higher than that (?)
Roberto, I was just going by the link to the forexreview site. The table they produce shows FX Master as the 6th system down, the final column reading 'Max Drawdown in pips' with FX Master showing +/- 110? (with the worst offender being Systemforecast at +/- 1,020 pips - Ouch ! ) Have I misread it or do they only refer to losses on closed positions not the max drawdown on that position?

Dave

P.S. just re-checked their own qouted results for September which show 5 losses in a row amounting to 370 pips, albeit on the back of 2 winners at 410 pips
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Last edited by Dave1971; Nov 23, 2004 at 10:33am. Reason: Update message
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