PowerForexStrategies (By dsb104)
| Gain : | +98.77% |
| Drawdown | 37.04% |
| Pips: | 2011.9 |
| Trades | 206 |
| Won: |
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| Lost: |
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| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Unknown |
PowerForexStrategies Discussion
Mar 06, 2012 at 09:18
888 Views
2 Replies
Apr 02, 2012 at 17:18
I joined to this scammer on March 10 when I saw at FPA his performance from February and money back guarantee. On the last day of the March result on my account was +151 pips on closed trades and -532 pips on 2 open trades.
Since his equity is deeply negative and he doesn’t use SL I asked for refund. 'Peter' answered that his account is positive and he refused refund. From this we can see how is scamming his subscribers:
- Not to have negative results his trading strategy is to hold negative positions and hope market will turn some day in his way and he will recover big DD.
- Consequence of that way of trading is – he don’t use SL. At this moment on April 2nd he has 2 sell gbp/usd with DD of -341 and -247 pips. He didn’t write on his web site he doesn’t use SL and subscribers can expect big DD too. And he added one more sell on eur/usd even which is negative too -42 pips.
Conclusion: PFS aka Peter is just another scamming signal provider trying to collect some money and run away obviously.
Since his equity is deeply negative and he doesn’t use SL I asked for refund. 'Peter' answered that his account is positive and he refused refund. From this we can see how is scamming his subscribers:
- Not to have negative results his trading strategy is to hold negative positions and hope market will turn some day in his way and he will recover big DD.
- Consequence of that way of trading is – he don’t use SL. At this moment on April 2nd he has 2 sell gbp/usd with DD of -341 and -247 pips. He didn’t write on his web site he doesn’t use SL and subscribers can expect big DD too. And he added one more sell on eur/usd even which is negative too -42 pips.
Conclusion: PFS aka Peter is just another scamming signal provider trying to collect some money and run away obviously.
Month by month:
Member Since Dec 07, 2009
134 posts
Apr 05, 2012 at 00:46
Shame on the vendor. I have noticed that the copier does not copy perfectly the trades from the vendor and so it is entirely possible to lose money even while his account shows gains. It does seem to be a ticking time bomb on your account without the stop loss and with the adding to losses.
Be afraid, very afraid?
Member Since Dec 07, 2009
134 posts
Sep 28, 2012 at 13:20
No more updates on the account since the big DD began. I guess this provider is trying to deceive us like so many others before. How do they sleep at night?
Be afraid, very afraid?
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