Trend Signal offers a Forex trading strategy known as Sniper. The vendor makes some tall claims on the official website, one of which says that the strategy allowed a trader to make a profit of £7000 for their account. They also claim that the strategy along with the support and training material available on the website has allowed individuals to earn a steady income from the Forex market.
Trend Signal was launched in 2003 by a group of IT professionals and traders having a combined experience of more than 90 years. This organization offers trading education, workshops, strategies, and indicators. Jerry Miller is the Managing Director of the company, while other prominent positions are held by Adrian Buthee, Zoran Vucenovic, and Sam Lewis. The company is based somewhere in Bedfordshire, United Kingdom.
Before investing in a Forex strategy, it is wise to gather as much information on it as possible. Since there are several unscrupulous vendors trying to scam traders with their worthless strategies, it is prudent to thoroughly analyze the system and try to determine whether it is truly reliable or not. We have written this review to help traders who are looking for profitable strategies.
According to the vendor, this strategy helps traders achieve optimal results. In 2019, Trend Signal won two awards, namely the ADVFN International Financial Award for the best trading education provider, and the London Forex Award for the best investment education provider.
What is behind the Trend Signal?
As per vendor claims, the Sniper strategy is based on simple rules, and you need to spend 20 minutes with it daily to identify trades. It doesn’t require you to analyze complicated candlestick and chart patterns. The Trend Signal team tests the strategy on a regular basis and provides updates to adjust to the changing market conditions.
There is a general lack of information on the official website, and the vendor has not provided any instructions on how to set the system up. It seems like you need to sign up if you wish to know more about the strategy.
Trend Signal offers personalized coaching sessions that allow you to follow the strategy. When you register on the website, you get to be a part of a training program that lasts for at least 6 months. The vendor has not provided any information on the currency pairs supported by this system, or the trading timeframe. Also, we don’t know how much money we need to get started with this strategy.
Unfortunately, the vendor has not clearly explained how the Sniper trading strategy works. This will disappoint some of the more experienced traders who always look for proper strategy insight before investing in the system. Considering the vendor makes some tall claims about the strategy, we expected to find some technical information that told us what indicators the system uses. In the absence of strategy insight, most traders would shy away from Trend Signal. It seems the vendor has not tested the strategy using historical data, since the backtesting results are not available.
We don’t have the pricing information on the official website, so we can assume this is something that is revealed once you sign up. Reliable EA vendors are always transparent about pricing, so this creates some serious trust issues. The vendor offers a 14-day money-back guarantee and we think this is quite inconvenient since you cannot possibly judge the performance of a system in just 2 weeks.
Trading performance of Trend Signal
It is imperative for every vendor to share the verified live performance for their systems. We were unable to find the trading results for Trend Signal, which tells us that it is not a reliable system. Without a verified track record, it makes no sense to invest in a trading strategy.
We know Trend Signal provides customer support for traders, but we don’t know through which mediums it is provided. There is a phone number shared on the official website, so we can assume that on-call support is available.
On the Forex Peace Army website, multiple customers have complained about hidden costs and lost trades. It seems like this trading strategy does not have a decent reputation.