Free FX Signals - Free Android Signals. # Week III

The third week of the test has ended, in which we receive ready signals with FX Free Signals app for Android devices. Compared to the previous weekly summaries, we received a similar number of signals. Still tThe tested application did not send them in excessive amounts, which makes it easy to "follow" the actions of suppliers. At the same time, it might seem that over the course of five trading days, these several or a dozen or so signals will be the most selected ones. Is it really so? Recall that our starting balance in IC Markets was $ 1000. How is it now? We invite you to summarize the last article in the series.

Free FX Signals - third week

Last week brought us 13 signals. As many as 5 of them were closed by order stop lossand only one of them reached the designated take profit level. We closed the remaining 3 based on a notification Close Alert which occurs when the position is in the black, but the chance of achieving the agreed take profit is practically zero. We still have 3 active positions and two of them are clearly positive, while the third is at a slight loss.

The designated take profit levels we get with the signals are still hard to achieve. It happens, and not infrequently, that a given position is about 20-30 pips in the plus, then the market returns and activates the SL order. We have a lifeline in the form of a notification Close Alert but it doesn't always come on time.

Account balance - week III:

• Total loss in amount -171.44 USD,
• 10 closed positions, including 5 lossy and 5 profitable,
• There are three active items left.

Account balance from the beginning of the test:

• 35 closed positions, including 19 profitable and 16 lossy,
• Total loss in amount -565,35 USD.

Below we see the transactions that remain in the game.

Summation

Despite the fact that so far the effectiveness of signals is 54%, our deposit has decreased by as much as 56%. If we were to manually close positions, the situation would be completely different. There is no question of any high rate of return here, but our balance would be reduced by literally a few percent. It is clear that we did not make such movements due to the assumptions we made at the beginning of the test. We rely only on the received signals and their parameters. Is there a potential for recovery and a positive outcome? Unfortunately, with such a large fall in capital and the generated delays in the reaction of the traders, it is already visible that the signals are closer to a hazard than a specific methodology that may prove effective in practice in the long term. Therefore, the test is considered complete.

Our rating: 2/5