FOREX signals service that works very well for me but..? - Pip Cop

**n0vicetrad3r** · 2009-04-29, 11:13 PM

hey.. james here.. ive been trading now primarily in forex for about 3 1/2 years.. and for the past 6 months ive been using a signals service that has worked incredibly well for me, especially when compared to 2 other bogus services ive tried.. i've made a pretty significant amount of money with it..it's spot on accurate probably about 90% of the time... so I trust the integrity of these people.. but my question is, im thinking about upgrading my membership to the diamond edition, which enables me to use a new autotrade service they are now offering, which basically supposedly takes all these accurate signals and trades them for me all automatically, like a robot.. this carries a monthly membership fee of of just under 100 dollars... the only reason i havent done it yet is because i know there are similar things out there, these trading robots and what-not, like fapturbo for example that i know are total scams... these guys have had an excellent track record with me so far... but im a bit weary when it comes to this auto-trade thing. Their website is http://www.forex.pcti-system.com .. Has anyone ever tried this particular service with them? any advice comments or suggestions would be appreciated.. thanks

**rsmereka** · 2009-04-30, 12:33 PM

Impressive signal service,

Their profit claims are very hard to take. 20,000% annual?

Forex Peace Army gives them 2 stars overall. Lots of complaints about lack of hard stops and using a trailing stop.

I like the one time fee instead of a monthly subscription.

Note that their autotrading service is only through FXCM right now and only on FXCM's FX Trading Station which is not MetaTrader.

If you have had the signal service for six months and are happy with it, I would hang in there and see if Forex Ambush expands their list of brokers.

BTW, I just signed up based on your comments and some of what I read on Forex Peace Army. Tell me on average, how many signals a day do you get? What is the most frequent time of the day? Are there any signals when you are sleeping? How do you handle this?

TIA,
Rick

**n0vicetrad3r** · 2009-04-30, 04:07 PM

As far as your last questions... it's really hard for me to answer there because it tends to vary greatly, so I wouldn't want to be misleading.. and as far as your first statement... 20,000% lmao...I'm not sure why they say that... it's a complete lie and fallacy. Don't count on it. With that said, you can surely look foward to making geat amount of profits, no doubt.. but don't start having wet dreams about lamborginis and castle mansions or anything.

FeliciaFeist · 2009-04-30, 06:10 PM

Please do it right now. I love it to read something about this theme

**rsmereka** · 2009-05-01, 10:27 AM

Here are my first impressions of the Forex Ambush signal service.

All times are Alpari UK (GMT+2). I placed these trades with my demo account.

The were two signals, both with the EURJPY pair. The first signal was at 09:40 which woke me up. I immediately had problems with the EA that Forex Ambush provides. It's core logic counts on the fact that there are no open trades in the MT4 account. They say it goes against their money management

rules. I had to quickly dump all the open RoboMiner trades and a pending trade with the GBPUSD pair to get the EA to prompt to open the trade.

This service has no hard stops and counts on only a trailing stop. They claim 100% in-profit closure. They say if you use their money management

rules, there will never be a margin call

.

The purpose of the EA is to provide the trailing stop as the Alpari UK server does not have this feature.

I forgot about the 5 decimals with Alpari UK and the EA. Turns out that the EA needs to be modified for 5 decimals (no mention of this in the docs).

The first trade was placed with only one tenth of the TP

by accident. It closed in profit in less than one minute for a 2 pip gain (instead of the proper 20 pips).

The second trade was at 13:02. This time, I only had a minor problem when the EA would not prompt (I never found out why). After the 3rd attempt, the order was placed. I again calculated the lot size incorrectly. I transposed the last two digits. The trade was open for 12 minutes for a 20 pip gain.

The total gain on my account would been (if not for my mistakes) 8.2%.

I wrote to Forex Ambush about the EA but I am fairly certain they will write back saying that I should not have any open or pending trades.

You can view the trades in my demo account statement.

So far, so good.

Looks like I'll have to dump FAP Turbo (no great loss) and MegaDroid and my mechanical GBPUSD system to trade these signals live (major groan...)

Stay tuned,
Rick

**pipdetector** · 2009-05-01, 01:55 PM

Have a look at this:

http://www.forexpeacearmy.com/public...ush.com?page=1

**rsmereka** · 2009-05-01, 02:11 PM

Quote:

Originally Posted by pipdetector

Have a look at this:

http://www.forexpeacearmy.com/public...ush.com?page=1

I have read it throughly as I mentioned in post #2.

Rick

**pipdetector** · 2009-05-01, 03:15 PM

Another link here:

http://www.forextopten.com/forex-ambush-reviews.html

**n0vicetrad3r** · 2009-05-06, 07:33 PM

So you've been pretty successful so far? If you continue to be prosperous why don't you sign up for the auto-trade so you can come back and tell me if it works :P

**rsmereka** · 2009-05-07, 08:06 AM

Quote:

Originally Posted by n0vicetrad3r

So you've been pretty successful so far? If you continue to be prosperous why don't you sign up for the auto-trade so you can come back and tell me if it works :P

I don't think I will be doing that in the near future. It would mean another broker

change since FA only does FXCM right now and it's not Metatrader and there is no charting.

I am going to wait an see if FA adds some more brokers like they have suggested on their website.

Rick