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Thread: Honest Forex Signals Review and Live Testing

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    Post Honest Forex Signals Review and Live Testing

    HonestForexSignals came out in January but we decided to wait until they were established until we started our review and testing.

    As this signal service provides a trade copier, I figured this review should go in the Expert Advisor test section, although manual signals are available as well (via SMS, email, etc).

    The results for last year were extremely impressive - you can check them out here - MT4i - Statement for honestforexsignals

    However, there are no records for 2011 and that is why we wanted to test this service for ourselves.

    Results from our live account (on a VPS), linked to the Honest Forex Signals trade copier can be seen here - MT4i - Honest Forex Signals Trade Copier Live Test

    If you are using Honest Forex Signals, please use this thread to share your thoughts and experiences with our members.
    Last edited by Simon; 15-03-2011 at 03:09 PM.

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    <a href="http://www.forex-fxtrader.com/honestforexsignals.php" target="_blank"><img src="http://forex-fxtrader.com/honestforexsignals.png" border="0"></a>
    Last edited by Simon; 15-03-2011 at 03:04 PM.

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    Default Honest Forex Signals - First Trade

    After a few issues setting up the trade copier, the first trade was placed last night.

    A short on the GBPUSD, the trade made a total of 94 pips.

    Results are here - MT4i - Honest Forex Signals Trade Copier Live Test

    Obviously too early to get excited but a solid start.

    Simon.

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    raa
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    Simon, thanks. Is it an automated signals or there is a human being generating signals that are executed by trade copier? Do they trade their own money (I wish)? Looks solid. Potentially could be a part of portfolio diversification but we need to observe and learn more about it. Thanks for info.

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    It is a real trader. I think he is from India.

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    The website is very amusing. Why are forex websites so bad?

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    raa
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    Quote Originally Posted by Gally View Post
    The website is very amusing. Why are forex websites so bad?
    I am more than sure they are automatically generated though the marketing package coming from ClickBank or Plimus. We can see same thing at Dean's websites

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    raa
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    Hmmm checked out the website, this is very tempting, I always was looking for a service that provides trading signals and have live room, FTC looked like one but I did not come along neither with their room and way to communicate not the way trading signals are delivered. The only issue is that I don't want to get my trading messed again with too many methods. But it does sound good, and he uses the best trading room software, same as ProfitMongers use.

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    raa
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    Ok, call me stupid, but being fed up with late events, absence of news trades I decided to give it a try to make some money and hopefully learn from Raj too. From what I see he trades harmonic, support resistance, etc same stuff like Marc teaches. So maybe I can find some patience and confidence looking at him trading.

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    Hi raa,

    Let me know your thoughts on this one - I'm looking forward to testing it with you. The results from last year were amazing and I could really use a good Forex signals service, having not seen a decent one for quite a long time now.

    I'm very impressed with the trade from last night, Raj's entry was almost unbelievably perfect.

    Simon.

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