After seeing a few good reviews of Verified FX, James Stapleton’s signalling system that runs via a trade copying EA, I decided to give it a try.
It’s no surprize the results on their site are “verified” by the likes of MyFXBook using a live account (not demo). And on further investigation I pulled together some highlights from this promising looking service…
Verified FX Essentials:
- Signals sent via a trade copier EA
- Ability to scale your lot size inline with their master account
- Enough “Inputs” to manage your level of risk, e.g. Max. open trades
- Est. 6-9% gain per month using conservative settings
- Expect a 77% win rate
- Trades EURUSD currency pair only
- Up to 10 open trades (but very rare this should happen)
- SL and TP are hidden from brokers
- Not a “spread sensitive” system
- SL varies depending on market volatility
- Averages about 1-2 trades per day
- Maximum draw down will be less than 35% of your deposit
- Trades Friday’s and other news days without worry
- Strategy is based on price averaging, hedging and advanced money management
So, on paper everything looks solid. The results match up with the promises and system specs. It could do with a little more history, but when you’re running live accounts that are used for marketing purposes, this is often a luxury. So I’ll forgive them for this
Without further ado, let’s see how it goes in the lab… I’ve got a good feeling about Mr Stapleton’ system!
Test 1: Vendor Live Account
2009 to June 2011 Strategy Test results.
Test 2: Demo Test
Currently running Verified FX on Alpari UK, testing started on 14th May 2012. Default settings used. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 4857.02 | |||
| View our Verified FX Demo Test Statement | ||||
Lab Result:
hi cam,
your emails occasionally mention good returns from the Verified system but the homepage continually shows the return as 0%. what gives?
best,
myles
Yes, very correct.
The risk setting is at the default which is placing trades at 0.08 lots currently.
In actual pips gained it has done really well, so if I had increased the lots it would be showing some good return.
I’m seriously considering changing my lab to only show pips gained instead of actual return, needs a bit of work on my end.
I’m testing them as well, but they have very few trades for the price they offer.
Do you recommend me any other signal service like this?
I can’t find one legit to use that have SOLID and REAL proof
I asked for a refund 2 days ago.
This bot trades only a few times per week and the risk you must face in order to see some profits is HUGE.
I only earn a few pips once in a while with this, but the losses wipe the profits.
Refund asked and refund received.
If this product was $49 for 1 time instead of monthly payments i would keep my membership, but $49 per month to see only a few pips per month, it’s not good for me.
Hi Guys,
Found the test result and strategy of Fx Verified really interesting to say the least. But I have to agree with Pete when he says finally, is it worth it??? As we end up paying the both the brokers and the signals providers for their services and whatever remains after that only, is ours.
Cam I think we should conduct the test on a ROI basis, which would give us a more realistic and complete picture of the performance of the system and our labour. There is no such thing as a free lunch and its paid for in advance. I also see that Iris is doing well.
By the way Pete as you asked, why dont you the $1 trial of Pro Signals Advisor of Josh Taylor and check it out? I think that Cam, you also have a look into it! Cheers!
Aslam
Aslam
Aslam
Hi Cam,
Sorry I got carried away by the reviews section.Would you know how many upsells are there in the OMNI system, as while system is shown to cost peanuts for the number of bonuses offerred with it, the affilates are being promised 10 times the amount as commissions? How do these guys permitted to get get away with the crap the dish out???!!!!Cant we do anything???
Aslam
Hi Aslam, I suspect there are some upsell’s as you point out the affiliate commission. However, I have no idea how many. What puts me off OMNI is the lack of proof. Only 30 odd trades. Unless you have seen different.