Free Live Signals & Forex Trading Room

Beginner Questions
1

Today we are launching a free signal service and trading room.

As the site owner, I have been researching and trading forex for over 3 years, and during that time I have used to dozens of forex products (ea’s, education courses, trading rooms, signal providers, brokers, VPS providers). However I was never able to find a site offering the experience I wanted. I was looking for a site that offered trading signals, and also access to the traders submitting the signals so I could discuss why they were making each trading decision.

The sites I found were either a straight signal services or an expensive combination of forex education with an additional live trading room. (most costing upwards of $5k)

I have also spent time on both Zulutrade and Currensea, which gave me the idea of building my own site, with the best aspects of everything that I had found.

I wanted to be able to easily follow the signals, and ask the traders directly about their decision making. I also wanted to make it completely transparent through MT4i and Myfxbook.

I’ve now grown into a profitable trader, and found a system of trading a single pair (GPB/USD) to capture a daily move of around 55pips. I have been trading this sytem for around 4 months successfully, I registered a new MT4 account 6 weeks ago so that I could display fresh, historic trading performance. Unfortunately the lack of recent volatility over the past 3 weeks has made it though to make money, but I am very confident in my ability to continue the historic performance moving forward.

I also trade with two other professionals using their own systems, and am looking to recruit a 4th. If you would like to be involved please get in contact.

So, is this really free? Yes, everything I have discribed above is completely free.

I also forward tests on a number of Expert Advisors on real money accounts that you can watch live within the trading room.

I hope to see you in there!

Nick McDonald

2

A few people have commented that they are having trouble accessing the trading room.

On some older browsers it can take up to 5 mins to load the actual trading room the first time around. One you’ve entered once most of the data will be held in your cache so it will only take a few seconds the second and third time around.

Apologies for the inconvenience, however there is a huge amount of code written into the trading room screen so it takes a little while longer than I would like to load.

I hope to see you in there!

Nick

3

I’m a member. Fantastic and easy sign-up process, along with a sleek website design.

With Regards,

Jamie C

4

Being a confirmed Ludite I’ve no appetite for logging into this site or that… post up your trade thoughts here… especially on GU and I’ll look see. Always open to a new slant on things? Tell us why… forgive me if I don’t follow along blindly without some convincing reasoning and results.

5

Hi R Carter,

No problems at all. My system targets a daily move on the GU, I generally look for around 50-55 pips during the London and US session. I keep my stop tight at 20pips or less.

Right now I am eyeing off a potential short entry once the current small move retraces. I’m happy to post my comments on my predictions for the currencies movement every day or two.

Thanks,

Nick

6

Are these your trading accounts?

hundy1987 System | Myfxbook
MT4i - Stats for hiloconfluence
Pound Dollar Profits System | Myfxbook

7

Thanks LFT… will look forward to your posts!

8

Yes, they are the accounts connected to my site.

Pound Dollar Profits is my signal, the other two are provided by our other moderators.

I know the performance the past couple of weeks has been a little lacklustre, however the market has been hard to make money out of due to the lack of volatility.

The site is free, so please feel free to follow us and evaluate the trading performance over the next few weeks/months.

9

Ok, just checking… I will follow your thread…

10

Just a word of warning… Yunny is one of the best traders on BP… better call them with a very sound tech set up? :smiley:

11

Thanks R Carter, I’ll make sure I’m on top of my game!

Looking forward to some volatility tonight so we’ve got something to talk about in the trading room. (fingers crossed!)

Yunny, we should work together. I’m looking to fill one more team trader spot!

I’m all about the technical!

Thanks,

Nick

12

The GPB/USD appears to be running out of steam on the short move. I’m looking to enter long around resistance at 1.612.

Hopefully Euro news doesn’t spoil my party!

13

Well welcome to babypips

14

GBPUSD seems to be Entering into the Bullish Phase now and is well supported in the rallies :slight_smile:

15

I Like the GPB//USD long up to around 1.618, but there is some resistance at 1.6165 that I will be trailing up to.

I’m long from 1.61390, currently up 20 pips. 55 pip target and 20 pip stop.

liveforextrading.info

16

Based on the feedback from our members I am looking at making improvements to the site over the coming days. The changes/improvements being made are:

  1. We are moving to a new server host to improve the speed and hopefully resolve the connection issues some members have been experiencing.

  2. We are working on including a static chart to be posted within the trading room that will enable the team traders to demonstrate their view of the market.

  3. We are also welcoming a 4th team trader into the room from Monday! This gentleman has traded forex full time for over 6 years and relies on it as his sole source of income. He is an expert in EUR/USD and GPB/USD. He monitors the charts 12hrs per day and I have been extremely impressed with his level of knowledge on technical and fundamental analysis.

  4. I will likely be trading a new, long term semi-automated, strategy that uses the direction of the daily chart. I have been trading this successfully on a demo account for the past few months. This will also be dsplayed within the trading room.

I realise the performance this week has been lacklustre, however we are playing the long game.

Give us time and you will see the profits start to roll in!

Thanks for everyone’s support up to this point.

Stay tuned, I will continue to give my market analysis of the GPB/USD through this thread. I presently slightly favour a move to the downsize today, however I will wait until the first hour of the London open before making a call.

Regards,

Nick

17

The GPB/USD broke a critical declining trend line yesterday, it has bounced off a rising trend line to the north. Ther is some divergence in play.

I am entering long today at around 1.61125.

18 
TP: 55 Pips
SL: 20 Pips

this was stopped, no?

19

Yes, stopped out unfortunately.

The site will be closed over the weekend to undertake some maintenance. We should (fingers crossed!) be up and running again for the Monday open.

20

To my mind a better entry on GU would be around now… 6084 for a longer trade (weekend through Monday) as EU looks to have bottomed out at 2900-2928.