forexpert.net

4.3
4.3 Based on 124 reviews

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iRatoYT
Stay away from this deceiving Signal Provider!

I've used this signal provider for 2 weeks, and fully understand how they work. Their free channel shows them winning pretty much every single day, but it hides what is actually happening in the premium channel. The results they show in the free channel are true, but they make it seem like everything is great in the free channel. I'm going to explain why they are a scam. First of all, there have been many times where signals were sent late, meaning they were already in profit by the time I was able to enter them. I used an automatic signal copier that copies signals from Telegram to MetaTrader4, and they were still late, so it definitely wasn't my fault. I saw signals as late as 15 pips. Second, most of the time when trades go negative, they remove the SL, so the trade keeps on running. This can be very bad holding onto losing trades like that. So when you see the daily pip count, just remember that they don't show the current trades that are negative 100's of pips. Currently, they are in a GBPCAD trade that was sent late May, and its 500+ pips negative at the moment. The price they bought at was around 1.60200, and its currently around the 1.56650 area now. This happened because they advised to remove the SL, and it never came back to entry. This right here makes it very clear that they are using a demo account to show those huge profits with high 6.00 lot sizes.Third, they use a martingale strategy for their signals. When a trade goes negative, they keep on adding more trades. For example, that GBPCAD trade, I saw probably 20-30 trades alone on that pair in 1 week. They kept on buying the downtrend. I highly recommend staying away from this signal provider. What you see in the free group is not what it seems. They are very deceiving.

1
Date of experience: Jun 13, 2022

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