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Foresignal Review

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Foresignal

How good Foresignal is?

We’d like you to read a review about a Foresignal signal provider. The company has no presentation that would explain something to us. The signals are placed on the main page. In order to be up to date for the upcoming ones, we have to refresh the page or register an account.

Foresignal

There are three blocks by three signals.

Foresignal
Foresignal

We open two orders to check how everything will be going on. We registered to get access to the other signals.

Foresignal

We’ve opened several orders according to received signals.

Foresignal

After proceeding with a simple registration, we can click the “Show” button to receive hidden info about Buy or Sell and TP/SL level placement.

The instruction

Pending order should be placed as a signal arrives (at “From” time). “Till” time is intended to forced exit. Any open trade is “Filled” when “Till” time is about to be reached. Any pending order is “Cancelled” when the “Till” time is about to be reached. Use trailing-stop to maximize profit.

We have to keep in mind that different brokers give different quotes at a specific point of time. The difference is usually about 5 pips and perhaps more. To overcome this issue Foresignal tries to average quotes from different brokers and provides “average” results. Nevertheless, it’s possible that a trade reaches entry/take-profit/stop-loss level when Foresignal trade doesn’t and vice versa due to quote difference.

Trading results

Foresignal Trading results

It’s great that the devs show their trading results as they are.

Foresignal Trading results

Some SL and TP levels are not correct.

Foresignal Trading results

It’s a demo account, so, worry not.

Foresignal Trading results

The first and the last deal have been closed with the profit. The last one was closed with $30 of the profit.

Foresignal Trading results

So, trading half an hour I’ve got $56+$26.5+$25.11 = $107.61. It’s a daily min wage. We care about our nervous thus we closed all trades manually without being greedy.

Foresignal Trading results

We can see trading results for every currency since January 2019. As we can see, the most frequent symbols by gained pips were GBP/USD and they equaled 1063. The second place is between AUD/USD with 906 pips and EUR/JPY with 907 pips.  The underdog ones are GBP/CHF and EUR/USD.

Declaimer

Of course, the site has declaimer: “The owners of the website and the website hereby waive any liability whatsoever due to the use of the website and/or information. Use of the website, the content and the information is made on the user’s sole liability. The user hereby releases the owners of the website from any liability for damage caused to his computer, in any, through the use of the website and/or its content and/or its various services. The user hereby releases the owners of the website, the website, their partners, agents, employees, officers, managers, directors, shareholders, etc. from any liability for losses and/or financial damages and/or personal bodily damages and/or fraud, caused through the use of the website.”

Social network pages

Foresignal Social network pages

There are 88 followers on a Blogspot page. The account has got a huge number of posts since 2011.

Foresignal Twitter

A Twitter account has 6585 Followers and about 100K posts. The account has run since 2009. Some of the posts were licked. 

Summing up

Pros

  • Good signal frequency
  • Signal accuracy is ok
  • No months with loss
  • Free signals
  • TP and SL leveling provided
  • Many symbols to work with
  • Big social network history
  • Zero experience is required

Cons

  • No strategy explanations provided
  • We don’t know who’s behind the signals
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