Pips: How many trades does "Clarity"typically do per day? They better make a decent call for $350! S'
quotes from Trader4pips "Maybe their results were based on back-testing, like the ProgressiveFX. Progressive openly admits their results are based on their automated backtester though, which I doubt this "company" did. "I see, yeah I lost a fair bit of money before I finally found something decent. So many crooks out there, it is ridiculous. __________________________________ Trader4pips: You still do not learn the lesson. I told you in one of your threads "4x4pips", on postings and Private Messages. If you insist pushing PROGRESSIVEFX LET THE AUDIENCE KNOW WHERE YOU ARE COMING FROM. They cancelled one of your threads after irate members called you names, scum, etc. etc. On your other thread "My trades for the week" ditto. (More on that later on). For the benefit of other members let me summarize what I think and my experience with Progressive. Initially on your "newbie" act I thanked you (PM) for letting us know about this "marvelous" service First the PROS about Progressive. 1) I think they are going the right direction on providing a much needed service. And if they put their act together they will have a profitable venture. 2) My hat off to them. They have brainy programmers, able to transform technical studies into simple UP/DOWN arrows, LIVE!. If I only new that I will be minting money. Call me jealous. 3) They have the marketing infrastructure in place. You ask for a trial or buy it, and you are a de facto dealer. The CONS (I will mention just a few): 1) Initially they tried to fool everybody telling that they were in business for SEVEN YEARS. Before the Internet and the googling, you could stretch things a little bit. I put links of WHOIS for you, ET members and progressive, showing that they were in business just for TWO MONTHS. They recognized "back testing"after they were exposed. 2) After many e-mailings with them, they were gracious enough to give me a SEVEN DAY Trial. I was impressed with the ease of the system etc. until I discovered several things, mainly: A) Why they do not preach STOPS: They have a (P) Position and (S) Swing Signals, and in the majority of these seven days trial one signal was UP and the other DOWN. No need for stops. Synthetically you were FLAT. B) The SWING Signal for the EURO was SHORT since February 28 while the POSITION signal was LONG but from recent days. I could swallow the SWING being recent and the POSITION very old. C) After few days I opened the platform simultaneously on two computers: my desktop and my laptop and I was surprised to see different signals on both computers... live... simultaneously!!!! It dawn on me.. 20 years ago I was buying signals on Commodities from a Telephone service (famous 900#, until I compared with a broker friend of mine in another office and we found out that one was getting the BUY and the other the SHORT and vice versa. They gave us different 900#. THAT IS WHY when I read one of your posts...you claiming to go short the USDJPY I immediately PMed you that my computer was showing a LONG. Later I saw you reversing your position and going Long. Not only Progressive but your claims TRADER4PIPS make me laugh. You say I just went long and I'm already 31 pips up. I would like to use the same Broker you are using, because in my case every time I Buy or Sell I'm DOWN already 3 pips on the USDJPY. Can you show a little pick of your blotter? I will apologize if I'm wrong. I e-mailed this and some other abnormalities I observed to the people of Progressive and they admitted they were aware and that they were working to resolve the issues. One easy way to solve issue 2C is to encrypt the program so can only be opened in one computer and the subscriber would not know what is going on. Another issue I did not discuss with progressive, but you can tell them is the time frame they use. I noticed on that week they had signals based on 45 minutes bars, 1 Hour bar and 4Hour bars, irrespective of whether they were Swing or Position trades and some time mixed not on the proper mean of S or P. My question is: if they come on different time frames, WHEN CAN WE SLEEP? You have a position, you like a human being are sleeping and a reverse Signal comes??? Remember, they are no STOPS! My suggestion is that they set swings on , let's say 1HR or 4HR, Position on 4R, 24HR or week bar and for the 4Hr bar we use an alarm clock. Or charge more and deliver on Skype or Cell phones. Since that signals and reverses come any time. I'm still waiting for Progressive to let me know when the issues were resolved, and which of the 1000 strategies they claim to have programmed they are using. I'm sincere. I wish them the best. They cracked the programming code. They are lights ahead in programming. And if they use CLEAN ETHICS, money will pour in. I, myself will go month by month and perhaps eventually buy the Lifetime License. CAVEAT EMPTOR! Viper... if you are reading this post BE AWARE that I TRIED their soffware for one week and automatically they MADE me a Vendor or Dealer. Any time I go to their URL from my desktop or laptop my info is there encoded, I erase cookies and still there. Probably they want to know what I am writing about them Best! mF
Hi there, I would like to introduce myself, my name is Scott Reid and represent ProgressiveFX. (ET staff please don't take this as shameless plug, it is not) First of all, I would like to formally apologize for anything a referring partner may have done to offend the board here, or the ET staff and moderators. Next, thank you for your "Pros" list miniFORTUNE, much appreciated. I will address a few CONS individually. Initially, no. Still, yes. We have been in business since 2000, and developing technical trading strategies strictly for Forex since 2003. We have never stated that the ProgressiveFX service has been online since then, it is a relatively new offering, in fact. It has also always been clearly stated that our results were "back tested" (but still guaranteed, to the pip), unfortunately we're still unable live trade 5000 strategies. ...Stops and trailing stops were implemented in the latest build (2.5). The 7 day trial is not actually meant as a "proof of profit", it is mean as a "proof of concept", proof of accuracy, proof of truth. The P and S are slower paced strategies, you may need to push more active strategies through to be witness to more trades during the 1 week. ...I am sorry, this sounds really bad, but actually was a relatively small quirk in the sim-to-live swap of the strategy that resulted in the discrepancy, the issue was openly discussed in detail in our forum and has since been resolved. ...As far as someone else on the board "swapping" position mid-air, all I can is that this not representative of ProgressiveFX _at_all_ ...it simply does not happen. Again, I am sorry, but this is nothing to "BE AWARE" of. You actually must click a link to manually activate your partner status, but the tracking part is done for the benefit of referring partners, that's all. There is nothing "shady" about it, please see the privacy policy. Anyway... Thank you, ET staff, for allowing me the opportunity to clear up a few things on your board. Happy Trading Scott Reid
Hi! Scott. Thank you for the clarification and the courage to reply. My "PROS"for PFX stand. I admire brainy people... your programmers are brilliant. The "Caveat Emptor" was not directed to PFX, rather to another member that signs as VIPER, he keep us on the toes. He is suspicious of everything even his own shade. I have a thread on this section and VIPER thought I had sinister intentions on my FOREX Signals postings. Best! mF
Thank you for your kind compliments mF! ...we're not done yet, though I'm sorry about the misunderstanding / viper, I don't spend as much time on these boards as I probably should. Cheers mate, Scott
recently I've recieived good forex signals (ordered free for 2 days). I used them with demo account, and effect is positive. Does anybody tried forex signals with real account ? that's what they've send to me : Eur/Usd: tendency: fall down(from 1.3800 to 1.3728 ) ------------------------------ details: Entry Order: SELL around 1.3798 Take Profit (exit limit) at: 1.3774 Stop Loss (cut loss) at: 0.0000 (not used) --------------------------- Order is protected with long term construction. ===================== next message ---------------------------- Daily Summary: You've earned 23 pips on eur/usd today ===================== next message ---------------------------- Eur/Usd: tendency: sidetrend (only short trades and scalping) ------------------------------ details: (1)Entry Order: SELL around 1.3729 Take Profit (exit limit) at: 1.3714 Stop Loss (cut loss) at: 0.0000 (not used) --------------------------- (2)Entry Order: BUY around 1.3714 Take Profit (exit limit) at: 1.3730 Stop Loss (cut loss) at: 0.0000 (not used) --------------------------- Order is protected with long term construction. =========================== next message ---------------------------- CANCEL following order "(2)Entry Order: BUY around 1.3714 Take Profit (exit limit) at: 1.3730" --------------------------- Comment: price out of the scalping channel ===================== next message ---------------------------- Daily Summary: You've earned 16 pips on eur/usd today
What about them? Did you try this service? I never heard of it before. Can you give us more info? Thanks