Friday 14 August 2009

Forex Sailor Signal Service Review

A little bit of a strange service this one. Signals for 3 FX pairs and are received at 22:00 UK Local time, however, orders are placed at 23:00/01:00 depending on the FX pair. In addition, there are 3 orders for each pair in each direction so a total of 18 orders. Unfilled orders are also pulled at different times, between 14:00 and 16:00. Further to this we investigated the performance statistics and had it confirmed that they were based on were chart prices and spreads had not been included. After a few calculations we confirmed that a 500 pip profit including spreads on one side would have in fact resulted in a net loss. So, with lots of orders, lots of trade management and no spreads included in the performance statistics, we, justifiably stopped using this service after just a couple of days

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