Free FX Signals - Free Android Signals. # Week I

The first week has ended the Free FX Signals application we tested for Android devices. We would like to remind you that we check the applications on a mobile phone and this is the only way we make transactions. We perform all operations on the mobile version of the MetaTrader 4 platform from IC Markets.

Free FX Signals - first results and comments

We received 14 signals in the past week. Of course, all of them were used immediately by concluding a transaction with the parameters specified in the messages. Unfortunately, the number of indications received did not translate into a good result. The biggest loss, as much as -229,75 USD, was recorded on the first transaction on the GBP / USD pair. In a way, we can justify this with the fact that the pound began to lose strongly shortly after opening the position. It was due to confusion after Boris Johnson's words about hard Brexit. To be fair, it would be hard to predict. While the calendar shows the hours of publication of individual data, it is more difficult to spot individual statements or tweets that can have a significant impact on the market.

Account balance:

• Total loss in amount -400,24 USD,
• 14 closed positions, including 7 lossy and 7 profitable,
• One active item on the CAD / CHF pair - currently positive.

After the trading week is over, the application shows a collective report on the received signals. As we can see, the past week was definitely negative.

As soon as our order reaches the designated level Stop Loss or Such Profit, we will receive a notification Close Alert. As a curiosity, we noticed that despite the received signals with fixed Stop Loss and Take Profit levels, it sometimes appears when a given transaction is in the black, but there is still a lot missing from the Take Profit level. We received this information three times when our positions were already gaining.

Summation

It's hard to say that the debut of the application we tested was successful. Were it not for the fact that it is only the first week, one could already wonder if this solution makes sense. The above-mentioned notifications appearing on the plus side should be pointed out Close Alert. This is a useful function, because more than once the situation on the market changes dramatically and our Take Profit becomes unattainable. Thus, we are able to book a decent profit and avoid losses. Another summary in a week.