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  • Signalstart good?

    I want to find out from users who are copying from signalstart or there as signal provider.

    Is that place a good place? Because it seems quite dead to me, the reason is I can't establish how many users is subscribing to the signals.

    The cost is $25, I don't want to set up as signal provider to a ghost town. Is it worth it for signal provider? As I been seeing so many rigged CENTS account getting top placing which is ridiculous, unrealistic copying functions - over leveraging and etc.

    please advice.

  • #2
    What you mentioned is true. Simpletrader still has a better customer base than signalstart because systems at signalstart have no requirements. If you don't market your signalstart signals it would not get customers.
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    • #3
      I'm not sure what the signup requirements for Signalstart are but there are many one-month-fliers that crash and burn. I've managed to get onto one or two of those and then had a few that crashed big-time. Filtering for signals that have returned ~4% for more than six months and a lot of the top ones are filtered out, so then the cost of the account plus the signal subscriber fees can be $100 a month just for one signal and to earn a return on that you need to risk $1k or more (very few use stops), which you might do on some of the good long-term ones but lately I never put more than 300-400 on the others and over 12 months I am ahead but not by much.

      I'm going to look at other signal providers because I have just witnessed one very good signal that was returning 20% a month, so I subscribed and then watched it take a heap of trades and it once picked up 7% in a day - only problem was there was a 11% draw-down by the end of the day and then the signal closed out all of the losing positions, so I went to look at the signals history and low and behold NONE of the losing trades (except one) were showing on its daily profit and loss (but they hit mine) - so VERY SUPER dodgy (too good to be true it probably is), so yeah, Signalstart really needs to do a bit more due diligence on the signals because it seems like some fraudsters are working their system and many of the good performers rarely last three months. I documented the signals open and closed public trades and lodged a complaint about it, but they are yet to reply.
      Last edited by wobb; 08-24-2017, 04:54 AM.

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      • #4
        Originally posted by wobb View Post
        I'm not sure what the signup requirements for Signalstart are but there are many one-month-fliers that crash and burn. I've managed to get onto one or two of those and then had a few that crashed big-time. Filtering for signals that have returned ~4% for more than six months and a lot of the top ones are filtered out, so then the cost of the account plus the signal subscriber fees can be $100 a month just for one signal and to earn a return on that you need to risk $1k or more (very few use stops), which you might do on some of the good long-term ones but lately I never put more than 300-400 on the others and over 12 months I am ahead but not by much.

        I'm going to look at other signal providers because I have just witnessed one very good signal that was returning 20% a month, so I subscribed and then watched it take a heap of trades and it once picked up 7% in a day - only problem was there was a 11% draw-down by the end of the day and then the signal closed out all of the losing positions, so I went to look at the signals history and low and behold NONE of the losing trades (except one) were showing on its daily profit and loss (but they hit mine) - so VERY SUPER dodgy (too good to be true it probably is), so yeah, Signalstart really needs to do a bit more due diligence on the signals because it seems like some fraudsters are working their system and many of the good performers rarely last three months. I documented the signals open and closed public trades and lodged a complaint about it, but they are yet to reply.
        Ye, there isn't really a better platform at the moment compared to simpletrader for analytics and trade copy purpose. - If there is let me know

        Personally, I think Darwinex is better if want to copy some trade leader. No need for VPS or subscription too.

        And the problem about high fees, the person's ideal account size must be more than $10,000 if not it will be taking too much risk and can't even break-even after paying the costs.

        I know previously, there was fxstats, is it still good? I think myfxbook is promoting signalstart.
        Last edited by TheDoctor; 08-24-2017, 05:15 AM.

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        • #5
          They replied and refunded my subscription to that signal and said there was an issue with the provider, their EA and their broker.. so who knows, but it's not active anymore.

          Overall though it does seem to lack details compared to others and there are some cowboys so you have to filter as best you can, or just limit your risk with the multiplier. Best thing to do is try to remove profits weekly or monthly and return your initial capital and then just hopefully let it run from there.
          Last edited by wobb; 08-24-2017, 02:29 PM.

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          • #6
            Im a signal provider on signalstart and with my good strategy Im followed by nearly $1M. My followers make the same profit as I do so I can recommend this service though it highly depends on the type of trading that the provider does. https://www.signalstart.com/analysis...t-eurusd/32823

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