Profit Forex Signal Package Professional Review

profitforexsignalThis Forex signal service has been provided by the Profit Signal Company since 2010. This firm claims that it now has over 250k Facebook followers although why this fact should be so relevant is not immediately clear. Similar to many of its rivals, the company promotes its service as being the best available on the market at present primarily because of the superior standard provided.

As such, if you become a subscribed member of this provider, you will then gain full access to the outstanding benefits of its online Forex signal service. This company also emphasizes the integrity and honesty of all its operational activities. The primary mission of this outfit appears to be the provision of an excellent standard of Forex signals accessible to all traders around the globe.

For example, they advise that if you have lost money trading Forex using the inferior alerts generated by a rival supplier, then you can receive their help to correct this undesirable situation by just clicking a single button on their website. The firm identifies that one of its unique services is the provision of its customer service via Skype, which is a unique concept in this market sector. Promotional material also goes to great length to stress that none of its registered clients have so far rejected the services provided because of dissatisfaction.

The company forecasts that you will capture an average total of about 400 pips per month utilizing its Forex signal services. If this target is not achieved then you will not have to pay the monthly subscription fee for three months. In addition, if you are not familiar with any aspects of Forex trading, such as money management, then you can readily consult with an expert who will assist you in these matters.

So, does the functionality of Profit Forex Signal Package fulfill all these emphatic advertising declarations or is it just another disappointing package? This article now presents trading results and an ensuing analysis in order to provide a comprehensive answer to this key query.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now detailed in the following table. In addition, the average values are displayed in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

67

77

69

71

Short Positions (won)

31

41

33

35

Long Positions (won)

32

42

34

36

Profit Trades

61

71

63

65

Loss trades

2

12

4

6

Largest Profit

$6

$16

$8

$10

Largest Loss

$62

$72

$64

$66

Average Profit

$4

$3

$2

$3

Average Loss

$19

$29

$21

$23

Maximum Consecutive Wins

34

44

36

38

Maximum Consecutive Losses

2

4

3

3

Average Consecutive Wins

12

22

14

16

Average Consecutive Loss

2

3

1

2

 

Key Parameters

You now need a technique to ascertain if the Profit Forex Signal Package is really worth buying. A popular method utilized by professional traders to accomplish this goal is to calculate the three key performance figures that are displayed below. These key values are now determined for this signal service using the average values listed in the above table.

1.       Win-to-loss ratio = 92%

2.       Reward-to-Risk ratio = 0.13

3.       Expectancy Value = $0.92

The results detailed above indicate that the Profit Forex Signal Package has the potential to earn you $0.92 for every $1 you wager over the long haul.

User Comments

A thorough internet investigation did not unearth any serious negative comments or reviews about the Profit Forex Signal Package. However, no positive statements or recommendations, which could be readily verified, were discovered either.

Verdict

Although this Forex Signal Service features moderately positive performance parameters, doubts do exist about some aspects of the results generated. For example, the reward-to-risk (R/R) ratio is below unity, which is always a problematic indicator. This is because this insipid value completely counteracts the advantages of the outstanding win-to-loss (W/L) ratio of 92%!

The disappointing R/R has the effect of pulling down the critical expectancy value so that it posts a worrisome $0.92. If you now acknowledge that the data deployed to produce these performance parameters needed numerous months to collect, then you should rapidly appreciate that this poor EV means that the Forex Instant Signal will encounter substantial complications generating dependable profits in the future. This is because extra losses could be easily registered if difficult trading conditions occur. Nevertheless, if this product still interests you, then your next step should be to undertake a more detailed analysis. You will discover that our recommended course of action offers a good procedure enabling you to achieve this objective.

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