Price Action Forex Ltd is a signals provider that employs experienced professionals who analyze the market and generate trading signals on a daily basis. According to the vendor, the signals have an accuracy of more than 90%.
There are five different pricing plans for this signals provider, namely Novice, Intermediate, Advanced, Professional, and Expert. The first four plans have validity periods of 1 month, 3 months, 6 months, and 12 months, and they carry monthly charges of $40, $30, $25, and $17, respectively. For the expert plan, you need to pay a one-time fee of $299. This plan has lifetime validity. Unfortunately, the vendor does not offer refunds for any of the plans.
Is Price Action Forex Ltd good?
The plans of Price Action Forex Ltd are quite affordable. The vendor provides 24/7 support and delivers 3-8 signals on a daily basis. However, we have very little information on the parent company and its background. Also, without authentic trading statistics, there is no way we can verify the vendor’s claims.
Features of Price Action Forex Ltd
The signals delivered via Telegram have all the details like take profit, stop loss, and entry price. From time to time, it uses trailing stop loss for risk minimization. There is an attempt to maintain a steady 1:2 risk/reward ratio. The team of experts analyzes the Forex market 24/7 to seek out the most lucrative trading setups. This makes the service suitable for both swing and intraday traders.
Price Action Forex Ltd targets 500-800 pips every week. While attempting to limit the risk, it aims for a monthly return of 25-30%. The signals provider also uses money management principles. According to the vendor, you should sign up with brokers like VantageFX, IC Market, XM, Hot Forex, TickMill, FXTM, BDSWISS, OctaFX, USGFX, FXChoice, and Hugosway.
There are numerous trading schemes used by the analysts, depending on the market conditions. Price Action Forex Ltd looks to take advantage of the major market moves during the overlapping of the New York and London trading sessions. Whenever a trade is placed through your account, the system sends you a notification via Telegram.
|Trading Terminals||MT4, MT5|
|Customer Reviews||Bad (1.4 out of 5 rating based on 55 reviews on FPA)|
What strategy does Price Action Forex Ltd use?
Nowhere on the official website has the developer explained the trading strategies used by this signals provider. Without knowing the details of the strategy it is impossible to determine whether the signals are suitable for a particular trading style.
Backtesting vs live trading results
Backtests are important for automated trading systems, because they go on for several years, thus exposing the EA to various market scenarios. Since this is just a signal provider, there is no need to analyze the backtesting data.
Unfortunately, the vendor has not shared the trading results in any format. As such, there is no way we can prove that the signals are as profitable as the vendor claims. Without verified statistics, we cannot analyze the profitability of the system by studying parameters like daily and monthly gains, drawdown, profit factor, etc.
The core team
We don’t know anything about the members of the dev team. The vendor has shared the official email address, but we know where the company is based. Also, we have no idea whether the analysts generating the signals have adequate experience and technical know-how.