Trade Signals Forex for free review by professional forex trading experts, All you need to know about Trade Signals Forex.
Trade Signals Forex for free
Did you know there are Free Forex Signals services which allow you to copy professional traders for free? There are a few free forex signals in your MT4 platform which are best avoided, but we recently had a look at some of the Trade Signals Forex services that you don’t pay any upfront fees or monthly subscription costs, you just need an account with a supported broker. You get to copy the Trade Signals Forex for free and the supported broker then compensates the free forex signal provider for the trading volume they are bringing to the table. This means a mutually beneficial situation for all involved!
Trade Signals Forex Risk tolerance & profit goals
Risk tolerance and profit goals vary a great deal between individual investors. One particular investor might be looking for slow and steady returns that beat the market whilst keeping risk to the minimum, while another investor might be looking to multiply their account balance over a relatively short period of time. In general, the more risk an investor is comfortable with, the more profit they expect in return. This tends to be reflected in actual system performance as well: systems with greater returns tend to experience larger drawdowns. Bearing this in mind, rather than just selecting one system and declaring it the ‘best’; we are going to select the best system with less than 10% drawdown and the best system with less than 33% drawdown. We will use Average Annual Return to decide which is the best system in each drawdown class is.
Trade Signals Forex with Drawdown less than 10%
Looking for the best Trade Signals Forex service that offers consistent returns with minimal drawdown? The NinjaTrainer system may be just what you are looking for. This signal has been live since August, 2015 and has returned an impressive 119.77% since inception with only 8.29% drawdown. Let’s take a look at some of the key performance metrics:
- Win Rate: 68%
- R-Factor: 0.69
- Best Trade (Pips): 154.7
- Worst Trade (Pips): 100.2
- Profit Factor: 1.65
- Total Return: 119.77%
- Maximum Drawdown: 8.29%
- Average Monthly Return: 4.36%
- Average Annual Return: 52.32%
- RoMaD: 6.31
As you can see the NinjaTrainer system has some quite impressive stats. The Trade Signals Forex system wins the majority of its trades (68%), but the R-Factor (average win / average loss) is below 1 at 0.69. Having said that, the best trade is larger than the worst trade, so the Trade Signals Forex system does not always risk more than it could potentially make (likely employs a trailing stop). The system’s gross profit is 1.65x larger than gross loss (Profit factor) and its average monthly return is 4.36%. The Trade Signals Forex system’s average annual return is 52.32% and when we compare this to its maximum drawdown of only 8.26%, we get a Return over Maximum Drawdown reading of 6.31 (RoMaD). RoMaD is a risk adjusted measure of return commonly used by hedge funds and is very handy when comparing different forex systems. All in all, the NinjaTrainer system is a solid signal, delivering an impressive rate of return with limited risk.
Trade Signals Forex for free conclusion
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