How is it possible ?! How Can we trust signals ?!

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javad.111
248
javad.111  

I cant believe that...

Scam signal...scam broker ...never exist...here in mql5 ...

Look at here https://www.mql5.com/en/signals/260786#


Eleni Anna Branou
Moderator
6560
Eleni Anna Branou  

What is the problem exactly? 

klaas123
201
klaas123  
You can't believe it, so it's scam??
Eleni Anna Branou
Moderator
6560
Eleni Anna Branou  
The signal was disabled already, what happened?
klaas123
201
klaas123  

Gone?

 

 https://www.mql5.com/en/signals/260786#!tab=history

klaas123
201
klaas123  
I had contact with Soon Shen Oh today, just asked him why the signal is gone, this was his reply: a subscriber inform me that the trade wont executed to his account, will it executed to urs?

so i decided to remove it, the fees is refunded. 
Eleni Anna Branou
Moderator
6560
Eleni Anna Branou  

This was no reason to disable the signal. It was looking promising...

He should recommend some brokers that can copy his signal. 

javad.111
248
javad.111  
Eleni Anna Branou:

This was no reason to disable the signal. It was looking promising...

He should recommend some brokers that can copy his signal. 

What are you talking about ?!

100% scam broker and signal...

It is not acceptable for a company like Meta... How can people trust ? I never look other site of signal because of no rely & our trust to Metaquotes ...but ....!

Eleni Anna Branou
Moderator
6560
Eleni Anna Branou  

Please explain what do you mean by saying scam signal & broker.

The provider connected his account to MQL5 and all data and history was loaded.

I couldn't see any problem in his trades. I must admit, I am not familiar with the broker though. 

Fernando Carreiro
4263
Fernando Carreiro  
Eleni Anna Branou: Please explain what do you mean by saying scam signal & broker.

The provider connected his account to MQL5 and all data and history was loaded.

I couldn't see any problem in his trades. I must admit, I am not familiar with the broker though. 

Actually, when I looked at it when this thread was first started, I noticed that it did not have any Risk/MAE/MFE history and its Equity/Drawdown data was only a several hours old.

That means that all the trading history was produced before putting the signal up, which was done very recently.

So, yes, with that in mind, the Signal could be "too good to be true", plus the fact that it was taken down so quickly just adds to the "suspicion"!

On other sites that also offer signals, there has also been many a case of account history being "forged" (yes it is possible with some effort and contacts).

Those sites do try to catch such situations and close those signals. MetaQuotes probably also does the same, so who is to say if the Signal was not closed by MetaQuotes instead of the author!

PS! There was also no slippage information at all for the signal, at the time I viewed it.

Eleni Anna Branou
Moderator
6560
Eleni Anna Branou  

You are right Fernardo.

I would be very interested to know if the signal was disabled from MQL5 and not the provider.

The only tricky thing I noticed is that even though it was just connected, the DD value was about 20%. 

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