Date:Sat Dec 21 2024Tokyo:0:43Sydney:2:43New York:10:43London:15:43CET:16:43
BinaryOptions.net Forums› Signals/Robots/Autotraders etc
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SignalPush Forum Discussion
ninja_bodotnet
Posts: 232 admin
Posts: 232 admin
Click here to read our full text review of SignalPush
Click here to visit the SignalPush website
http://youtu.be/hcBFvwZ0_E8This forum thread is for discussion of anything related to SignalPush and we will add any frequently asked questions to this post. Click here to visit the SignalPush website
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"Do or Do Not, There is No Try."...Yoda
Here's the List:
Ace Signals
Legendary Traders PANDA
Hot Commodity
FX-PTSP
ITM Signals MW
Binary Options Experts
Dolphin Options
Birinus
Neo Trades
Wall Street Warrior
KNR Traders
Harami Binary
RA Signals STP
Fantasy Signals
Peak Traders
Just Signals
Ghost in the Machine
Leverage
RA Signals MW
Binary Options Area#2
Lite Signals
Alum Trading Signals
That Guy
Iced Candles
Binary Options Vic
Binary Options Forex
Cambridge Signals
Quantum Binary
Top Binary
AutoChartist
"Do or Do Not, There is No Try."...Yoda
Signal Push - Does anyone here use it? What % ROI per month are you getting?
(I thought I had already posted this question the other day but can't find it so apologies if i've asked twice - new to this forum...)
So anyway - who here uses SP? Anyone? What % roi do you get? Who do you use?
Thanks!
I would like to know this as well. I suppose the ROI and/or %ITM would depend entirely on which trader you follow on Signal push.
I read in a different thread, here: http://forum.binaryoptions.net/discussion/989/signal-pushs-legendary-trader-feedback#latest, that Neo Dolphin was a good one to follow (Lotzofbotz said that in the referenced thread).
Feedback would be welcome. I am considering using Signal push to start making some money while I learn to trade myself.
I started my account with signalpush 30 Dec 14. I subscribed to FX-PTSP who uses CTOption. I did my research and wanted to follow someone to traded often > 20 trades per week and had a >65% ITM. FX-PTSP fit that description so I blindly went with them without doing my full research. So I started up my CTOption account with $250 and linked it to my signalpush.
FYI, when you click on a signal provider, they give you their subscription fee (Ex. max trade size (10) $100/month). I don't know why but I thought max trade size meant that you could only copy 10 of their trades per month and the rest would just be signals where you would have to manually trade. I was wrong and it just means you can only trade a maximum of $10 per trade. *obvious I know but I'm a pilot and I'm kinda slow*
Another thing I overlooked was that they only traded on 30 sec expiry trades which is a HUGE deal when you factor in lag/slippage. Had I known how much of a big deal slippage effect was I would've considered other traders to follow. I should look into VPS as well since I think my home internet is making the slippage worse. Right now, FX-PTSP is calling a 52% ITM for this month so far (25 trades) but with me fumbling with my settings on signal push, I'm seeing a 38% ITM with 21 trades.
SignalPush itself is great. I love the concept and the transparency. But if I could go back and do it again, I'd save up for a bigger initial deposit to make money management easier/better, I would've saved enough money to put SignalPush on a VPS so I don't have to rely on my home computer/internet, I would've looked done more research and asked more questions before jumping in. However, I'm also trying to learn how to trade on my own so I don't have to rely on signals.
TL;DR - SignalPush is awesome and the support is great even dealing with dummies like myself but like everyone here will tell you, learn how to trade on your own and the reward is much greater. My provider, FX-PTSP is at 52%ITM (regular not martingale) but I'm personally at 38% ITM.
Any questions, you can ask me and I'll try my best to answer them.
I wouldn't even suggest trading 30sec, not to mention taking 30sec signals...
But looks like you have understood that now.
Besides, subscribing to a signals service with only 250 is also kind of... greedy to say the least.
You were just asking for a blown account. Unfortunately most newbies have such
unrealistic dreams. They deposit 200-300 and plan on making thousands of dollars
in short time. That's when you go from trading to gambling so don't be so chocked
when your account gets to zero. I know I have said this before in the forums but it's obviously not enough.
Yes, I like SignalPush, a great idea, a great service but people need to use it right!
size meant the amount of trades. That seems kind of... stupid, why would
they limit your investment size. Maybe SignalPush can answer that here.
I lost much more than that lol.
Don't really see it as a loss though as with binaries
you can make up your losses so no biggie if you learn.
I do 10-15 min trades basically everyday, less than 5 min is
a bit risky but I guess it also depends on the strategy.
Anyway, just to get back on topic here, 10-15min expiry
can very well work with SignalPush
I got 1000$ in my MW account and would like to try signal push with strict money management of 2-3%.
Which provider(s) would you recommend me to start with? I think that 2-3 is enough?
Which ones would you choose from your personal or professional point of view?
Thanks!
I would like to recap my previous post with yet another recapping post. I made a bad decision to jump into 30 sec signals/options. I also had bad money management with 10% per trade although I already fixed that issue with CTOption's $5 minimum and SignalPush. This is my experience, albeit a bad one, and is my story starting out in binary options. I've LEARNED my LESSON and I'm learning more and more everyday to trade on my own.
This is my experience. Take away what you will. Ask questions. Don't repeat the same mistakes I made.
Bidav, everybody will say learn to trade and you should. Although choosing a provider is something we can't do for you. Their ITM performance will change constantly. Do you want someone that averages 200 trades a month but only a 62% ITM or someone that only trades 25 times a month but has a 80% ITM? First, find the providers that cater to MarketsWorld. Then, decide on how much you want to pay for that provider's signal service and also keep in mind that the max trade size is a dollar amount so take that into consideration especially if you expect your account to grow as you should. Estimate where your account should be at the middle of the month and the end of the month with the provider's ITM percentage and make sure the max you want to trade is lower than the upper limit of your money management.
As a general comment, we agree with r6. Before you pick a provider, PLEASE do your research on their performance and make sure that their trading style works with your intended risk management. For instance, take their longest losing streak / worst week / worst month, and calculate if you would be able to withstand this period. Once you know this, you can decide and can also have a starting point on where to configure the different risk management parameters. We're are also working on a detailed calculator that will assist customers in this calculation.
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
Example of each provider @ $50 a trade
"Note with legendary you would need to have an account of over 3-5k to absorb his drawdown anything under that would lead to blown accounts = why I think he has stopped and keeps starting new providers. A practice I call rolling and should not be allowed by any platform. *Watch for next month if he does not trade much as he wants to focus on the other SPs he created to get paid from.. 100% Disgusting..."
Ace cost $99 a month 3 months SP 71% Real 61.29% Net results with fees = (+32.70 or +131.70 depending on if SP gave an extra month?)
May L 5 / W 12 SP 71% Real = 70.58% +$170
(April Skips no trades??? WTF!) $ No charge?
March L 39 / W 64 SP SP 71% Real = 62.13% +$290
February L 4 / W 0 0% -$200 "Next month is free!"
PI Flow "63% ITM insurance nice"… (Cost $169.00 a month) 3 months SP 71% Real 70% Net results with fees = (+57.00)
May L 5 / W 8 SP 62% Real 61.53% +30 "Next month is free!"
April L 4 / W 9 SP 69% Real 69.23% +$115
March L 2 / W 12 SP 86% Real 85.71% +320
Legendary (Cost $99 a month) 3 months SP 66% Real 59.63% Net results with fees = (-$629.70)
May L 79 / W 98 SP 63% non = 55.36% -$422 but next month is not free, so he lost over $400 bucks but you still have to pay lol...
April L 101 / W 120 SP 58% non = 45.70% Next month is free! -$730
March L 62 / W 110 SP 80% non = 63.95% +$750
Keep this in mind when you look to use a provider or any service. What are the effects with money management and %s over time.. Most people I hear use far too much leverage for their account sizes and a good % wind up blowing their accounts far too often on a bad streak.. In such circumstances if I had such limited funds I could not warrant spending/risking them until I had more capital... The numbers just are not favorable enough... Also free months are prorated if I am correct and take effect the following from the insurance which the provider pays by a reduction of 70% of the fees which in turn means you still have to pay a good % to "Signal Push" Also I gave the high watermark to PI FLow of 81% payout as well 5% return on losses if you used CToption for them. On the rest of them F that as Markets World payouts suck for their trades and mostly would be around low 70%
*Please note my numbers might be off due to drinking a nice scotch, lol... Still overall it should be pretty accurate % wise and give you an understanding of why you need more capital to trade with the auto copying services imo...
Vortexz is not sending any signals. He taught his system to Legendary. After witnessing Legendary AND Vortexz both have horrible emotions, we've decided to not allow any more manual services for Legendary. All of Legendary manual services are in the process of being turned off after the 60 day "turn down" period. The PANDA manual service just ended that period last week and has been completely closed down now. The others will be soon. The only services that will stick around for Legendary are the automated BOTS. This is why you do not see a subscribe link on the Legendary Traders service.
We do not allow "rolling" to new services. That would not be transparent. In fact, after we banned VorteXz over a year ago and Legendary came to us for a service and we learned that VorteXz was involved in it, we required that there be a mention of VorteXz in the description. We've declined any new service if the provider is not doing well with their current one and they ALWAYS have to maintain the same name. We even have old providers who have come back to us months after they close their service, wanting to open a new one with a new name and we do not allow it.
I agree with you that people need proper capital to trade with any service that costs money. They need to do their analysis and make sure that their trade size at least covers their service cost.
In most instances with providers, they don't want to give a completely free month if the performance is below insurance, so it's 70% discounted. In other instances, like with PiFlow, it's completely free. So let's take that instance from your above examples:
Service start: -$169.99
March: +$391 (rolling profit: $221.01)
Sub fee: -$169.99 (rolling profit: $51.02)
April: +174.50 (rolling profit: $225.52)
Sub fee: -$169.99 (rolling profit: $55.53)
May: +86.50 (rolling profit: $142.03)
Renewed for free due to being at 62% instead of 63%
Total gain over 3 months, $142.03. Sure, it's not going to make anyone rich but you're also talking about someone who had a $500 account and doing $50 trades (based on your post). $142 is a 28% return on a $500 account. Not bad for sitting back and letting someone else do the work.
Now, realistically, most users are not doing $50 trades. They do more. Average is 100-200. If we take this example again and do $100 trades, you're looking at a $284 return. We have users even doing $1000+ trades. Of course, for users who may do less than $50 trades... They probably should look at higher volume services or even try and just save up more capital.