Trading Signals Forex

ForexSignalPlus.com

ForexSignalPlus.com is a trading signal service for FOREX.

Services
ForexSignalPlus provides several trading-related services: a standard trading signals service, in which signals are mailed to the clients email, shown in the website or sent in an SMS message.

ForexSignalPlus also provides an automated system that executes the signals: MECHfx. This platform automatically follows the trading signals on a FXCM account which the client can watch in real time.

Trading Style & Performance
ForexSignalPlus provides 4 trading systems. Each trading signal account can follow signals from one trading system at a time. The main system has been providing signals for 70 weeks, with two others that are operating for 1 week. We will ignore the two that operated for one week, as their results are not enough for us to draw conclusions from.

Trading System 1 has performed very impressively. Having only 2 losing months in a year and a half is a very good result. Moreover, the system has had months with 2000-3000 pips profit. Hit rate is 50% – average but acceptable. It also trades on 8 currencies simulatanously which is supporting the profitability of the system. However, profits have been decreasing in the last 6 months. Profitability has fallen from 2000 pips per month to about 1000, sometimes less.

ForexSignalPlus employ another trading system, which is online for 19 weeks. Its win rate is higher (74%) but Risk:Reward is very poor and result for September and August 09 are negative.

Trial
1-week free trial is offered.

Pricing
from 149$ per month to 200$ per month (for all trading sessions).

Conclusion
3/5 stars

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ForexSignalsPlus.com