Imperialfx

If you are thinking of joining this signal group I would like to give you the truth before you do. And before I start I want to be clear, I have only been in this signals group a few days, I noticed all the below immediately and tried to get my money back (I lied to them and said I really needed it for bill's but they still wouldn't give me it back even though it was only 2 or 3 days haha nevermind) I also want to say I used proper risk management and didnt blow my account or anything like that, I dont think they are that terrible in that regard.

1) You do not get all signals when you join the group and have to pay a further fee to get the "premium" signals.

2) They have multiple traders trading and giving signals not just the two guys you think are giving them.

3) The pip count they claim is disingenuous and I'll explain below. Not a complete lie but manipulative and completely unachievable.

I'll give you one example of a completed trade (which is how all of their trades appear)

"""""""""""""""""""""""
PAIR: USDCAD
馃敟36 PIPS馃敟
ENTRY SELL @ 1.39360
TP1: @ 1.39000 HIT
TP2: @ 1.38750
Tp3: @ 1.38500
Tp4: @ 1.38250
Tp5: @ 1.38000
Tp6: @ 1.37750
Tp7: @ 1.37500
Tp8 @ 1.37250
Tp9 @ 1.37000
Tp10 @ 1.36750
TP 11 @ 1.36500
TP 12 @ 1.36250
TP [email protected] 1.36000

Stoploss- @ 1.39800 44 PIPS
TYPE: Swing-4HR TIMEFRAME
RISK: Medium 2%
NOTES: PLEASE Use proper risk management.

"""""""""""""""""""""""""""""
Now here is where you need to know a little bit about trading, but first we will start with the pip count, you can see from the above trade that the TP1 was Hit, that means that the market got to TP1 level, now if you got out at that level then yes you would have made 36pips(between the fire symbols near the top) , but this isnt a scalp trade it's a swing trade as stated at the bottom of the signal so you are obviously going to stay in the trade. Now on this signal the market immediately reversed and went all the way to Hit SL. And this is where this disingenuous and manipulative pip count comes in, they claim the TP1 hit towards there pip count for the week even though it was only 36pips on a swing trade. And if you know anything about trading 36pips with a SL that is 44pips is a negative Risk to Reward Ratio which is the fast way to the poor house.

They claim these small pips from multiple bad trades and then add them all up to make out they are great at catching pips, I could even do this, many of my trades go into some sort of profit before going wrong (in fact all bad trades are usually in profit at some point)

Also if you look at the TPs you will notice that there is no precision as to where they are being placed, they are just round figures plucked out of thin air, even the final TP doesnt have any precision to it.

And finally I'll give you the stats for the MAY2020 signal group (not the "premium group)

50 TRADES GIVEN
-20SLs hit
-19 Trades didnt get past TP3
-9 Average trades with TP4-TP9 Hit
-2 Full TPs hit.

Hope this helps.