ProSignal Review
You may wish to read our latest update on ProSignal.
I have used Prosignal’s service and I would challenge the claim that they make about their system making the +14,000 odd pips since 2003. Several reasons for why I would do this has to mainly do with the fact that they do not include slippage – and they WOULD incur slippage (as the orders that they generate are market orders – hence slippage will be incurred). They also don’t account for the spread in their profit figures!
Add to the fact that they also tested their system using intraday indicative data and you can begin to see why I think that their returns should be radically reduced.
I’d be wary of this organization.
Tags: Forex Signal, ProSignal
May 15th, 2005 at 7:07 pm
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December 16th, 2005 at 7:33 pm
I just want to say that this site only tricks you into telling you its free, then charging you on your cretid card using hidden fees, do not go to this site!
March 7th, 2006 at 6:21 pm
ProSignal does account for broker spreads in both back-tested and actual trading figures on their site: 3 pips per trade for EUR/USD and 5 pips per trade for the other two pairs.
December 9th, 2006 at 1:33 pm
Hello. I have avidly followed Prosignal for over a year. First, as for integrity, you can’t beat Don Guy…. he’s a straight shooter. Also, Steve Knapp is a prince of a man as well. The fact is that both guys are doing everything in their power to run a legitimate business. These guys will be around for awhile.
As for my experience, I can tell you that every system has strength and weakness. No system is a crystal ball, and when the charts match your system, you make money. But who knows if the patterns will trend or be choppy? Who knows if interest rates will rise or fall? Who knows when double tops will fail or work out? Nobody. Friends, there is an element of gambling with any trading, so if you lose your money with Prosignal, blame yourself.
In conclusion, the system hasn’t done as well this year because of the choppy markets. I am looking forward to better years if we get trending markets again like in 03, 04, and 05. Even in a tough year, 26% isn’t too shabby.