Free FX Signals - Free Android Signals. # Week II

Behind us is a 2-week test of free Forex signals that we receive with FX Free Signals app for Android devices. The debut week was not successful and ended with a loss. Of the 14 signals received, half of them turned out to be totally missed. Recall that our starting balance in IC Markets was $ 1000. What does the next 7 days later look like?  About it in the summary below.

Free FX Signals - Second Week

We received 13 signals last week. None escaped our attention and was used. This time we recorded no losses during the publication of macroeconomic data or the meeting Federal Reservewhich took place on Wednesday. Let us remind you that in the previous cycle there was a situation where, during Boris Johnson's statements about hard Brexit, the pound was losing heavily and on a good day the first position generated a loss of over $ 200.

So far, only three positions have reached the designated Take Profit levels. This does not mean that the rest have been lost. Thanks to the notification Close Alert we were able to account for profits much earlier. It was no different during these few trading days, but now all positions were closed based on notifications Close Alert or unfortunately it did a job for us Stop Loss. For the first time a signal in the form of a pending buy limit order appeared.

Account balance:

• Total profit of + 5,99 USD,
• 11 closed positions, including 4 lossy and 7 profitable,
• Two active items remain.

Account balance from the beginning of the test:

• 25 closed positions, including 14 profitable and 11 lossy,
• Total loss in amount -472,06 USD.

Below we see the transactions that remain in the game.

The downside that we have noticed is undoubtedly the fact that Take Profit levels are almost always set at 100 pips or more. In the period of higher volatility, taki movement can happen in minutes. However, under normal circumstances, it takes some time to reach target levels. Notifications come to the rescue in this situation Close Alert. So far we have noticed that three of them came too late, and therefore closed positions with a smaller profit.

Summation

The second week of the test did not surprise us with some unusual deposit jump. However, it must be admitted that it was much better than week I. Somehow, there is still no summary report on all transactions in the application. Perhaps this is a small technical problem that will be resolved soon.