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User reviews
SCAM
Thursday, 14 February 2008
Written by Victor B from United Kingdom
These guys send you signals and later send you exit points. It all looks real until you actually analyse the signals from the previous day and notice they refuse to log failed trades. They also send you signals once a day while promising two signals a day.
I paid for a months subscription got an email the next day with the signals and on other days nothing apart from a day here and there.
Please save your money, I lost a big part of my account with these guys.
It's a big scam.
SCAM
Saturday, 05 January 2008
Written by Mike H from Australia
I subscribed to the alert signals from forexsoft.us The signals arrive by email about 15 mins after they are given so you generally have already missed the opportunity to enter at the given price. You can get the alerts quicker if you monitor their website. Following the entry signals, exit 'opportunities' are sent out roughly every 5-10 mins. After about an hour of emails arriving, telling you that you could exit the trades with X pips profit if you choose too, they send an email saying "No more signals today. We made 180 pips profit". Well, if you decided to not exit at all the exit points they sent you, and by some miracle you chose to stay in all the trades that went the right way, you would have made 180 pips. They conveniently forget to report on the trades that went against you, and you may well be 200 pips down !! so, the results published on their website are garbage.
I also back tested their software on Metatrader. Again they claim a fantastic amount of pips profit. Which is accurate, but they dont tell you about the open trades that have a MASSIVE drawdown. If you back test their system, and cash in all your trades, you will end up owing your broker a LOT of money.
I cant tell if these guys are deliberate scammers, or maybe they dont realise that they still have open trades that are sending them broke if they were to cash them in (haha). Maybe they are waiting for them all to turn in their favour ? Dream on Forexsoft.us !!!
