"Pro Trade Copycat" System by David Henderson

[raa]

This is looking better and better. These guys look like they know what they are doing and the system had another winning week. You can see the stats from the link below:

MT4i - Pro Trade CopyCat Wireless Test - Forex FX Trader

Simon.

Looks good, the other service we are following had few losing trades, some stopped out trades.

[Simon]

Hi Henry, thanks for your post.

Like many people, I love Forex and making money from it but do not have time to sit and monitor the markets all day. In 2009 I was making a small fortune from three separate signal services I subscribed to, but for whatever reason, they all stopped trading or their systems stopped working.

Every time a new signal service comes out I take a look and see whether they look any good. Most of the time, they don't, and Capsmart hit on one of the reasons - no stop losses.

Why would the vendor sell their signals? Well, all the best signal services I have ever used have had two things in common: 1) the traders have been trading the signals themselves on their live account and (to answer your question) 2) if they can make more money from something they do themselves anyway, then why not?

Regarding profitability and tons of people using it, my understanding is that the big banks only account for around 30% of the daily Forex trading market. The rest is not OTC but government transactions. Us retail traders have such an insignificant effect on the market that it is almost negligible.

So, I believe, the idea that a signal service for retail traders could ever impact the market is extremely unlikely.

Regarding the ProTrade PipZapper, ProTrade Accumulator and ProTrade Profiteer, I am afraid I don't have any more details than what is on their website - they are "bonuses" for becoming a customer but they are a new addition and weren't available when I became a customer.

Simon.

[cdwin54]

Just bought the CopyCat Wireless. Installed it put in my authentification password put won't authenticate. Put in two support tickets but haven't heard anything yet.

[Simon]

Just bought the CopyCat Wireless. Installed it put in my authentification password put won't authenticate. Put in two support tickets but haven't heard anything yet.

Hi cdwin54,

I've checked the version on our VPS and the signal server is working. I've found the support to be pretty good so far, they should get back to you today with a solution.

Simon.

[LimHenry]

Thx Simon for your reply. Most valued. Will give it a try.

/Henry

[nitrader]

Hi. I have not posted here before, but have been following Marc for over a year & am a 6 year FX vet (16month profitable trader but I'm really interested in the copycat & have made several attempts to order, but hours later get rejected from plimus ..anyways, I did order "forexshuffle" that is along the same concept as being a copier & tonight it had 1 trade that hit TP on the eur/usd for 19 pips. not bad when in the 1st night it pays for over 50% of monthy cost. just thought I'd help & was hoping I could get some help back on why no love from plimus? it looks very promising & would love to find a true EA/copier that stacks up some extra pips monthly. the only thing I can think of is 1 return I had but that shouldnt be a problem if was a "moneyback" offer right?

[Simon]

Hi Nitrader,

Thanks for the message and welcome to the Forum.

If you want, please send me a Private Message or email me and I will contact Plimus. I know that they sometimes seem to have some odd quirks, although stopping people from buying stuff after previously returning something else is not a problem.

Simon.

[Simon]

After suffering a loss yesterday for -61 pips, it's come back with a vengeance today and may do more than 100 pips profit (it's closed out for 70 odd pips profit today and has an open trade currently 30+ pips up).

Just found out that MT4i supports dynamic equity charts, so this one should update in real time which is cool. Nice feature.



Simon.

<a href= "http://www.forex-fxtrader.com/protradecopycat.php"target="_blank"><img src="http://www.protradecopycat.com/images/728x90.gif"/></a>

[raa]

Simon, what do you think of this service in comparison to Honest signals? To be frank the presentation for this one was a typical out of box marketing standard template-based website. However I can see results are good so far and cost is much less than Honest has.

[sunil699]

Hi cdwin54,

I've checked the version on our VPS and the signal server is working. I've found the support to be pretty good so far, they should get back to you today with a solution.

Simon.

Hi Simon, I'm having the same problem with the EA not authenticating. It's been over 24hrs since I opened a support ticket but no solution as yet. I did get a response from one of their staff this morning who asked for my name, email and product purchased. This information was clearly provided when I opened the support ticket so I can't understand why I was asked for this info again. I find this to be a very poor level of support but am keeping my fingers crossed that they sort it out soon. It's very inconvenient for me to keep checking the website for signal updates so that is why I purchased PTC wireless. Very disappointed that I can't get it up and running as yet.