Signal Detector47 Review: Forex Signals, EA and Account Management
Welcome to the signaldetector47.com review.
Signal Detector47 offers Forex signals, EA and account management.
Signal Detector 47 marketing materials promote Forex signals and expert advisor.
However, there’s no emphasis on managed accounts services, even though this is listed as one of the services provided by this vendor.
It appears that traders interested in their managed accounts will have to request details directly from their website.
Signal Detector47 proclaims to be the best in Forex signals, auto trading and account management.
Signal Detector 47 is allegedly delivering Forex signals with an astonishing 90%-95% accuracy while their EA is purported to offer 4%-5% daily returns.
For SignalDetector47 to make such bold claims on their website, the community must be wondering whether this signals vendor can really provide proof of the same.
Also, their website is minimalist and attractive. Unfortunately, they’re using a “gmail” address and also not disclosing who the traders are.
The community deserves to know their identities for the sake of building confidence at first.
As it currently stands, we don’t even know their location yet. But they continue to make several claims depicting how Signal Detector47 will help traders make money.
Before you use SignalDetector47’s EA or trading services, read this review to find out whether or not they can help you make money as alleged on the sales page.
Signal Detector47 review
SignalDetector47 runs a Telegram channel from where signals are dispatched to subscribed members.
They proclaim 9+ years of experience in trading but this cannot be confirmed.
Their Telegram channel currently holds 4,000 members but this is not proof of the alleged experience since marketers have been known to leverage on social media to appear popular even when they’re not.
Signal Detector47 also provides a free signal plan but the frequency of daily signals are cupped at 3 signals a day.
VIP signals (premium package) delivers 10 to 12 signals per day.
They tell traders that they’re scalping the American and European trading sessions.
Looking at the number of signals provided by Signal Detector47 on a daily basis, any professional trader will tell you that these people are over-trading.
While they claim to provide hourly updates and trade management, it’s not clear whether SignalDetector47 is encouraging subscribers to trade every signal they send.
If that is the case, then traders would have a difficult time managing risks because multiple trades running at once always lead to high draw down and ultimately ruining their accounts.
As for their Forex expert advisor, they tell the community that this automated trading tool will limit draw down and risks by trading strong trends only.
They even quote a wildly used statistic that 95% of traders lose money because they take small profits but huge gains.
I feel that Signal Detector 47 is not providing enough information about their Forex expert advisor and therefore the price of $399 is not justified at this time.
They ought to have explained aspects such as entry, exit, risk management etc.
But this information has been omitted and replaced by vague description which is very brief by the way.
Signal Detector 47 provides multiple signal plans including the option for paying on a daily basis.
The following table shows the packages, cost and features of their signals plans:
[tabs][tab title=”Daily”]
Price: $13
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”Weekly”]
Price: $25
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”By Weekly”]
Price: $30
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”Monthly”]
Price: $40
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”By monthly”]
Price: $60
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”6 Months”]
Price: $90
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”Yearly”]
Price: $125
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab] [tab title=”Lifetime”]
Price: $225
Short/Long term analysis
12-15 daily
Our Target 6000 pips /month
Live Telegram Alerts
Analysis of Forex Majors , Gold, Crude Oil and Indices
Trading zones at front of a trade
Exact Entries at front of a trade
Trade management
[/tab][/tabs]
Nothing distinguishes these signal packages except the duration of time that one will remain subscribed for a particular price.
Also, since SignalDetector47 is claiming to target 6,000 pips in the duration of subscription, one would seek to find out whether these number of pips have been practically achieved on a consistent basis.
We can find this information in the trading results (assuming Signal Detector47 is transparent enough).
The community feels that SignalDetector47 is just selling signals for the sake of selling since they don’t make any effort to provide any information about their trading logic either.
SignalDetector47 review: Pricing
Signal Detector 47 is quite dynamic in their pricing models.
SignalDetector47 EA license can be bought in 3 ways. One license will cost $399 or $600 if you want two licenses.
A lifetime license costs $500.
Basically, this is a pricey Forex expert advisor. Unfortunately, Signal Detector47 cannot justify the worth of this Forex EA.
There’s no past performance of any account where this EA was used. With no trading results, we can say the developer is not keen on demonstrating the worth of their EA.
Furthermore, we’ve reviewed many EAs here and never saw such prices anywhere on the internet.
We recently reviewed Arya Trader EAs, BF Scalper Pro, PipBolt, FX Helix and so on and despite the vendors aggressively promoting sub-standard EAs, we never saw any of their Forex robot costing anything beyond $300.
Signal Detector47 Trading results
There are no trading results or past performance anywhere on this website.
Instead, this vendor is using an attractive and persuasive website design to disrupt potential buyers, thus making them forget to focus on the fundamentals of buying a Forex robot or signal service.
A vendor who manufactures EAs or sells Forex signals must use a statement sharing platform like myfxbook.com.
Not only does a vendor builds his credibility, but he makes his work easier because with myfxbook.com, they can continue testing their Forex robots or trading strategy without wasting time uploading trading statements on their website.
Besides, the process of presenting trading results becomes more transparent hence more sales from their end because customers can clearly see the capability of their trading tools.
Unfortunately, SignalDetector47 does not provide any form of trading results.
Conclusion
At this time, I will not recommend SignalDetector47 because if I did, I would be lying to the trading community which ultimately beats the purpose for which this website was started.
Signal Detector47 does not make any effort to prove their credibility.
They don’t care what traders think. They’re only interested in presenting their own testimonials which are not from real traders.
For me to recommend a service like this, it would take more than just a beautiful website.
Thanks for reading this SignalDetector47 review. I would like to read your comments now.