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  #1 (permalink)  
Old 15th September 2009, 14:48
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Default has anybody tried this out???

hi,

i've been playing around with different automatic trading systems and signal services for a while now, and i came across this free signal service:

http://www.forexpros.com/currencies/eur-usd-technical

has anybody had a chance to try this out and see if their algorithm is any good?

thank you!
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Old 16th September 2009, 02:23
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No i don't try it.
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Old 18th September 2009, 09:11
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No idea dear. I never go for such system. Building your profitable FOREX trading system will take time but it would be worth enough.
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Old 21st September 2009, 19:22
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Seems like a poor trend-following strategy to me. They clearly specify that they are basing their trading decisions of Moving Averages and Indicators. While there are practical system that use these kinds of technical tools, this one is clearly a trend-following one.

I would start to consider using it when I have a backtest, on few pairs - and you should demand it from any system you wish to trade.
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Old 25th September 2009, 08:51
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Default Will check out and test

Hmmm...will post result later nxt week
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Old 3rd November 2009, 12:06
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Summan, one week has past... where are you? In my opinion these are quite risky signals to sue. therefore put your own brain and trade wisely.
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Old 4th November 2009, 03:46
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Have not tried these signals, but trendlinetrader's analysis seems to be on point. With a trend following system you have to be careful when the market gets choppy even if you have successfully back tested the system.
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Old 13th November 2009, 07:16
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No, I had never found such free signal service for automatic trading system, but I looked at the link provided by you and saw that it show poor quality of trading trend. I suggest not to use this type of free service in compare to purchase service.
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Old 16th November 2009, 12:35
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Well, search some other sites like mataf or fxstreet or actionforex. You would get plenty of information there.
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Old 20th November 2009, 12:20
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i usually follow my broker signals to avoid any confusions and dilemma.
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