TradFXplus provides signals based on 4 specific currency pairs: EUR/USD, USD/JPY, GBP/USD and USFD/CHF (please notice that this also means that you can trade the Future Contracts for these pairs). The best feature of this product is its simplicity and ease of use. You don’t have to sit in front of the computer the whole day long. Signals are provided once every day at exactly 12:30 GMT.
You have a choice of how you wish to receive the signals to your email account, or to your mobile phone by SMS or both. The signals are provided very clearly Entry Price, Stop Loss Price, Take Profit Price and Money Management Factor (explained later) – what more can you ask for.
Signals are not provided each and every day, they are provided about 2 out of every 3 days, usually on days with important announcements or highly volatile conditions TradFXplus tends to wait it out and not take unnecessary risks.
A Signal email looks like this:
Hello Patrick,
Below, please find today’s trading signals:
EURUSD Buy Stop 0.40 @ 1.41652 | S/L 1.41283 | T/P 1.42565
USDJPY Buy Limit 0.20 @ 80.452 | S/L 80.185 | T/P 80.815
GBPUSD Buy Limit 0.20 @ 1.60686 | S/L 1.60225 | T/P 1.61532
USDCHF Buy Limit 0.40 @ 0.84651 | S/L 0.84325 | T/P 0.86153
Note: if your trading platform uses 4 decimal price quotes, leave out the 5th decimal, i.e. instead of 1.50985 place 1.5098
The other key feature we really liked about his product it that an advanced Money Management system that is integrated into the signals. Notice how each and every signal has in addition to the Entry, S/L and T/P prices also an entry lot factor the first number in the row above. A good money management system is a key part of any trading strategy, and these guys found a way to put all the information you need in one spot and make it easy to use.
Let’s take a look at the performance of these signals over the past few years:
| Performance Report – 2011 | ||||||
| Month | EUR/USD | USD/JPY | GBP/USD | USD/CHF | Total (Pips) | Total (ROI*) |
| January | 182 | 23 | 6 | -153 | 58 | -0.31% |
| February | -54 | 173 | -86 | 306 | 339 | 13.33% |
| March | 50 | 133 | -133 | -5 | 50 | 11.42% |
| April | 72 | -130 | 193 | -65 | 70 | -3.40% |
| May | 181 | -75 | -76 | -2 | 28 | 6.91% |
| June | ||||||
| July | ||||||
| August | ||||||
| September | ||||||
| October | ||||||
| November | ||||||
| December | ||||||
| Totals | 433 | 124 | -93 | 81 | 545 | 27.95% |
| Performance Report – 2010 | ||||||
| Month | EUR/USD | USD/JPY | GBP/USD | USD/CHF | Total (Pips) | Total (ROI*) |
| January | 137 | -58 | -88 | -102 | -111 | -9.38% |
| February | -100 | -77 | 138 | -62 | -101 | -2.38% |
| March | -204 | 183 | 383 | 79 | 441 | 24.05% |
| April | -95 | -11 | -212 | 138 | -180 | 3.91%** |
| May | 301 | 28 | -36 | 190 | 483 | 20.59% |
| June | 25 | 71 | 229 | 38 | 363 | 23.03% |
| July | 186 | 46 | 98 | -12 | 318 | 21.13% |
| August | -160 | 67 | -41 | 5 | -129 | 0.31%** |
| September | 214 | -130 | -354 | 331 | 61 | 12.02% |
| October | 421 | -51 | -145 | -3 | 222 | 13.57% |
| November | -19 | -86 | 34 | 188 | 117 | 1.32% |
| December | -321 | -159 | -51 | -25 | -556 | -5.71% |
| Totals | 385 | -177 | -45 | 765 | 928 | 102.46% |
* ROI – return on investment, calculated monthly with our dynamic money management strategy (paid members only).
** A month with a negative “pips total” can still have a positive ROI (Return On Investment) as position sizes of winning trades can offset the position sizes of losing trades. Full members have access to position sizes to be used in positions (either 0.4, 1.0 or 2.0 lots per trade).
We are very satisfied with the performance reports, the historical results seem realistic and our 3 month of live testing has yielded 18.92% which is a very respectable result.
| NEW SIGNAL, PERFORMANCE & RESULTS ARE UPDATED ONCE A DAY AT 12:30PM GMT | STATUS | PROFIT |
| 2011.06.16 12:30pm | USDCHF Buy Limit 0.40 @ 0.84651 | S/L 0.84325 | T/P 0.86153 | pending | |
| 2011.06.15 12:30pm | No Signal (Critical Economic USD News – Risky Market) | no trade | — |
| 2011.06.14 12:30pm | USDCHF Buy Stop 0.40 @ 0.84068 | S/L 0.83755 | T/P 0.84473 | close | +41 |
| 2011.06.13 12:30pm | USDCHF No Signal | no trade | — |
| 2011.06.09 12:30pm | USDCHF No Signal | no trade | — |
| 2011.06.08 12:30pm | USDCHF No Signal | no trade | — |
| 2011.06.07 12:30pm | USDCHF Buy Stop 0.40 @ 0.83674 | S/L 0.83261 | T/P 0.84362 | close | +69 |
| 2011.06.06 12:30pm | USDCHF No Signal | no trade | — |
| 2011.06.02 12:30pm | USDCHF Buy Stop 0.40 @ 0.84468 | S/L 0.84127 | T/P 0.85084 | close | -34 |
| 2011.06.01 12:30pm | USDCHF No Signal | no trade | — |
Another nice feature they have is the live trading log. You can log into your account and track each and every signal, did the Trade take place, did the trade exit at take profit or stop loss, the profit or loss of each and every trade that took place. Above you can see the trading log for USD/CHF.
We are very satisfied with these signals provided to us by TradeFXPlus. We asked a few of our clients to try out the signals and the reviews we received were great.
From more information please visit – www.tradefxplus.com
2 comments
ugg 5251 says:
November 23, 2011 at 5:27 pm (UTC 0 )
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forex brokers says:
December 16, 2011 at 1:55 am (UTC 0 )
Hi, good currency pairs to choose.