Page 1 of 26 12311 ... LastLast
Results 1 to 10 of 258
Like Tree7Likes

Thread: "Pro Trade Copycat" System by David Henderson

  1. #1
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Question "Pro Trade Copycat" System by David Henderson

    The ProTradeCopycat system is released next week. It provides manual signals, email alerts and there is also an option for a trade copier (which is what we will be testing).

    We have requested a copy to review for our members and will post results and more information as soon as the service is up and running.
    Last edited by Simon; 15-03-2011 at 10:37 PM.

  2. #2
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Default ProTradeCopycat - The David Henderson Forex System

    <a href= "http://www.forex-fxtrader.com/protradecopycat.php"target="_blank"><img src="http://www.protradecopycat.com/images/728x90.gif"/></a>
    Last edited by Simon; 08-04-2011 at 01:40 PM.

  3. #3
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Default Pro Trade Copycat Wireless Testing

    After a lengthy email exchange, we got a test copy of this new system.

    Having a look through the members area, it seems quite well put together and professional. There's some decent weekly analysis and a fair amount of work has gone into the site.

    We are using the Pro Trade Copycat Wireless system, which is similar to the Honest Forex Signals that we are testing here.

    You can follow the progress of this signals service from the link below:

    MT4i - Pro Trade CopyCat Wireless Test - Forex FX Trader

  4. #4
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Smile Results of First Week Testing

    Very impressive start for the ProTradeCopycat. It finished the week with a $500 profit, so 5% account increase. Total weekly pips profit was 154.

    I am being bombarded by spam from "signal services" right now and have noticed that a lot of them aren't using stop losses. This one is good as each trade has a clearly defined stop loss and take profit level. If you are also getting this spam and have been tempted, please check results for stops before doing anything - anyone can grow an account by trading without stops!

    You can check the stats here - MT4i - Pro Trade CopyCat Wireless Test - Forex FX Trader

  5. #5
    capsmart's Avatar
    capsmart is offline Forum Leader
    Join Date
    Jan 2010
    Location
    Kos, Greece
    Posts
    2,915

    Default

    I subscribed at Pip Cloner last week and is exactly what you say. No stop loss. During the week they had trades open losing 300 and 400 pips. They also show a very impressive record but apparently the losing trades that they still carry from mid January are not included in the curve equity. Of course I asked for a refund even if the final result was positive.

  6. #6
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Default

    Hi Capsmart,

    Yes, you are correct on the huge floating losses that some of these services also have.

    I have seen some which are hundreds, and in some cases thousands, of pips down in floating losses. At what point will these be closed down? Never?

    This is idiotic, and you certainly don't need to pay someone to trade this way for you.

    Simon.

  7. #7
    raa
    raa is offline Senior Member
    Join Date
    Feb 2010
    Location
    offline
    Posts
    2,990

    Default

    Quote Originally Posted by Simon View Post
    Hi Capsmart,

    Yes, you are correct on the huge floating losses that some of these services also have.

    I have seen some which are hundreds, and in some cases thousands, of pips down in floating losses. At what point will these be closed down? Never?

    This is idiotic, and you certainly don't need to pay someone to trade this way for you.

    Simon.

    Haha sounds like my cable trade that took me 30 minutes to get in and 14 days to get out.

  8. #8
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Smile More Winning Trades

    ProTradeCopCat had two more winning trades last night - both on the EURUSD.

    The first one went for a profit of 24 pips; the second went for only 5 pips (they obviously closed this down for a small profit - it probably would have hit the take profit target and price is only 11 pips away from that as I write).

    They are using stops and take profit targets, and someone is managing the trades. I have to say so far I am very impressed.

    The results so far are showing a Profit Factor of 4.63 and a Risk:Reward (on closed trades) of almost 1:5

    You can see more detailed stats from the link below:

    MT4i - Pro Trade CopyCat Wireless Test - Forex FX Trader

  9. #9
    Simon's Avatar
    Simon is offline Administrator
    Join Date
    Apr 2010
    Location
    France
    Posts
    235

    Default Another winning week

    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.

  10. #10
    LimHenry's Avatar
    LimHenry is offline Senior Member
    Join Date
    Jan 2011
    Location
    Singapore
    Posts
    528

    Default

    Thx to Simon, Vassilis & Alex... for sharing.

    As you & others rightly said there are way too many signal services out there. Only very very few of them, if any, are for real & genuinely worth exploring.

    The number 1 question most (& I) wld ask is: why is the vendor sharing (or selling rather) it if it is really profitable?

    The next immediate question is: assuming it is truly profitable, what if tons of people are using it? (That is why David Henderson said he wld limit users of his method to 230 only. But, how do we know it is true?)

    Wld all care to share views?

    Also, cld you tell us what Pro Trade Pip Zapper, Pro Trade accumulator, & Pro Trade Profiteer are? I saw them on their website.

    B rgds/Henry

Page 1 of 26 12311 ... LastLast

LinkBacks (?)

  1. Hits: 1
    11-05-2013, 10:58 AM
  2. Hits: 1
    13-08-2012, 02:19 PM
  3. Hits: 4
    01-05-2012, 11:47 PM
  4. Hits: 1
    01-05-2012, 11:47 PM
  5. Hits: 2
    29-01-2012, 11:43 PM
  6. Hits: 3
    24-01-2012, 06:03 PM
  7. Hits: 5
    17-04-2011, 08:27 PM
  8. Hits: 10
    14-04-2011, 04:29 PM
  9. Hits: 5
    14-04-2011, 04:12 AM
  10. Hits: 5
    13-04-2011, 08:09 PM
  11. Hits: 2
    12-04-2011, 05:38 PM
  12. Hits: 6
    11-04-2011, 10:23 PM
  13. Hits: 8
    11-04-2011, 12:28 AM
  14. Hits: 3
    07-04-2011, 11:35 AM
  15. Hits: 18
    17-03-2011, 11:10 AM

Similar Threads

  1. Member Recommendations!! Post Your "Wish List" Here!!
    By pharoh777 in forum Omar's Due Diligence
    Replies: 57
    Last Post: 31-03-2013, 10:50 PM
  2. True life "jokes"
    By pipchaser in forum Financial Jokes
    Replies: 3
    Last Post: 30-09-2011, 12:41 PM
  3. "Common Error" problem.
    By pipchaser in forum MetaTrader
    Replies: 1
    Last Post: 21-09-2011, 05:54 PM
  4. 4x Cash Compounder "Controller"
    By frankjibe in forum Forex Robots
    Replies: 5
    Last Post: 01-01-2011, 04:30 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •