"Pro Trade Copycat" System by David Henderson

[Simon]

Hi raa,

Honestly, I think this is the most promising Forex signals service I have seen for a long time. I didn't like the fact that the website is very cheesy, I didn't like the fact that "David Henderson" (assuming he actually exists) doesn't have his photo or video on the website, I really didn't like the fact that the voice over is the same guy who has appeared in some of the less-reputable robot launches.

I also didn't like the fact that there was no link to MT4i/myfxbook/MT4stats etc on the site but I thought I would try it out anyway.

I thought HonestForexSignals's results for 2010 were superb and so I wanted to try that out, but the fact that the published results end in 2010 and have not been updated since is not a good sign.

Ultimately, this service has several things going for it - it's not that expensive, the trade copier is a one time fee and the results so far have been very good. At the bare minimum, a Forex signals service needs to pay for itself and this has already paid for itself several times over.

It's also got the best trade copier I have seen so far - it's very easy to set up and it works very cleanly. The fact that Honest sent out a new trade copier with several days delay was extremely unhelpful, not sure why they did that.

I like the style of trading employed (careful, and patient). They aren't diving in and they seems to understand the EURUSD pair (which is all they seem to trade) very well. I like the fact they only trade one pair - if you can get "in tune" with one pair only, it's really all you need (my real love is Cable ).

Their weekly analysis is actually quite good as well (although not as interesting, informative and well-put together as Marc's analysis).

They use stop losses (there is only one trade on the statement so far without one - MT4i - Pro Trade CopyCat Wireless Test - Forex FX Trader ) - and that actually gives me confidence that these are humans trading - and that the trade placed without the stop was a mistake (they closed it for 2 pips profit).

So I am confident that this isn't a robot - some trades have been closed out early for a win or small loss. Basically, it seems to do what it says on the tin.

My only minor gripe so far is the way the trade copier handles the lot multiplier. It doesn't allow for automatic compounding, so you would need to manually adjust it to take advantage of compounding your winnings.

I guess, that this will only be good while ever they are profitable (see my article here - http://www.forex-fxtrader.com/forum/...s-service.html ).

But at the moment, everything looks great, and as I said, this is the most promising signal service I have seen for a long time.

These have been some difficult markets of late, and the fact they are making good money (and trading carefully) gives me a lot of confidence.

raa, you mentioned on the Honest Forex Signals thread that Raj has been struggling in the current market conditions and also specifically said that he wasn't doing too well on EURUSD. In the same amount of time, ProTrade has made 300 pips in closed trades and that would be 350 if they close the open trade that is in profit right now.

I suspect they will finish the first month of testing with around 400 pips profit, which is great.

Simon.

[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.

Hi Sunil699,

I've sent you and cdwin54 a Private Message via the Forum, I will do my best to get this working for you.

Simon.

[nitrader]

I'm wondering if you could have plimus get in contact with me? I'm still being denied any attept to purchace. there saying from an old "charge back" from colin atkins trade room where I tried for a refund & was given such a run around I eventually had to have my credit card company take over the battle...am I out of luck?? thank you!

[nitrader]

p.s. I wouldnt mind taking "autopipsprofit" for a test run also, but powered by plimus

[Simon]

Hi nitrider,

I called Plimus and they said someone would call me back. They are looking into this, but I am nine hours in front of them so asked for the callback to be tomorrow if that's ok.

Simon.

[nitrader]

Oh great! thank you very much..I also noticed you said its a one time payment? I thought it was recurring for $37 a month? thanks again

[budwiser]

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 did you manage to get this sorted out I an having the same problem

[capsmart]

Simon
The price is 37$ per month.
It is logical to charge a fixed amount per month.
And this one is a very reasonable one.

[raa]

actually you can't buy it anymore - I had a look and the charge will be 97 a month, on the site it said "while you let slip this offer..." so 37 is not actual anymore. he offers 1 dollar for 7 days and then 97 a month.

[capsmart]

That is correct Alex,
I did not check purchase page. I was only looking the main page.