Has anyone tried FXCMs free trading signals yet?
Iv opened a demo account with them to test them out, so far with mixed results,
Most signals in the end (often after a large draw down) became profitable.
I noticed some obviously bad signals that did turn out to lose.
The individual results for the winning/losing trades were not displayed, as once they are closed they disappear, so it was very hard to see previous results.
Losing trades where removed and winners where left to run even if it meant they began to lose (possibly to allow the winners to remain on display).
Sometimes they would have contradicting trades a long and a short signals both long/medium term trades, not closing the winners,(again possibly to allow winners to remain on display).
These are just some things iv noticed and i would like to hear what others think.
I guess i just assume that people that use these signals will generaly be taking small positions and fxcm will have to take the opporsite position, as in if you win they lose, right? I assume they cant put these tiny positions into the market can they? So why would they want you to win long term?
But like i said most trades in the end became positive so i will keep testing.
Iv opened a demo account with them to test them out, so far with mixed results,
Most signals in the end (often after a large draw down) became profitable.
I noticed some obviously bad signals that did turn out to lose.
The individual results for the winning/losing trades were not displayed, as once they are closed they disappear, so it was very hard to see previous results.
Losing trades where removed and winners where left to run even if it meant they began to lose (possibly to allow the winners to remain on display).
Sometimes they would have contradicting trades a long and a short signals both long/medium term trades, not closing the winners,(again possibly to allow winners to remain on display).
These are just some things iv noticed and i would like to hear what others think.
I guess i just assume that people that use these signals will generaly be taking small positions and fxcm will have to take the opporsite position, as in if you win they lose, right? I assume they cant put these tiny positions into the market can they? So why would they want you to win long term?
But like i said most trades in the end became positive so i will keep testing.