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The 25 Best forex Day trading signals services in APRIL 2023



REVIEW & PERFORMANCE ANALYSIS



Sky Tower Capital



Review & Performance Analysis





The service uses a proprietary grid algorithm based on the common behavior of Forex Currency pairs. It uses pure Price Action data and does not rely on lagging technical indicators. It has made 234 trades with a win rate of 98.3%, and an average trade duration of 28.4 minutes. The annual return is 39.9% compounded.


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FX Alpha Signal



Review & Performance Analysis





The system uses a Swing Strategy that employs macro-based, sentiment-driven strategy to trade EURUSD, USDCHF, and EURCHF pairs. It has been active for 61 months, during which it has made 198 trades with a profitability rate of 69.20%. The annual return for this strategy is 20.8% compounded.


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FuguSTM



Review & Performance Analysis





This system has been active since 2020, and trades all the major forex pairs. It has executed 1703 trades, with 1124 of them being profitable, giving it a win rate of 66%. The average trade duration is 1.7 days, and the annual return is 17.5%, with an average win of $224.30 and an average loss of $310.53


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Aerospace Engineering FX Trading



Review & Performance Analysis





This is a momentum based, trend following, target trading system that trades based on a deep understanding of where the market is likely to change directions or continue with the trend. The system has traded 599 times, with a win rate of 57.3%. The average trade duration is 3.2 days, and the the annual return for this system is 19.1%, with an average win of $244.39 and an average loss of $223.64.


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FOREX VIX-3



Review & Performance Analysis





The system trades major Forex pairs using a Mean Reversion strategy. Trades are entered and exited on an overbought/oversold signal. This system has been active since 2021 and has made 101 trades with an 84.2% win rate. The average trade duration is 48.6 days, and the maximum peak-to-valley drawdown is 13.84%. The annual return (compounded) is 25.5%.


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Magic FX



Review & Performance Analysis





This system is completely uncorrelated from stock markets, interest rates and indices. The goal of the strategy is to produce winning trades with a very low drawdown. This is a relatively new strategy but it has made 433 trades with a 99.3% win rate. The average trade duration is 13.2 hours, and the max drawdown so far is 21.18%. The cummulative return is 40.2%.


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Twist STM3



Review & Performance Analysis





This strategy has been active since October 2014. It has completed 1851 trades in the major forex pairs with a 64% win rate. The average trade duration is 8.1 days and it has an annual return of 15.1%. The suggested minimum capital to trade this system is $100,000.


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Fx Macros



Review & Performance Analysis





This Forex trading strategy has had 86 trades with a 64% win rate. It has an average trade duration of 20.2 hours. The cumulative return so far is 46.3%, with an average win of $963.69 and an average loss of $928.52. The suggested minimum amount needed to trade this system is $70,000.


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Algebra FX



Review & Performance Analysis





The strategy combines trend and counter-trend strategies with minimal correlation. It has a low volatility and a mathematically optimal combination of risk and reward. This system has executed 113 trades with a win rate of 93.8% and an average trade duration of 7 days. The average win is $301.25, while the average loss is $657.14.


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Easy GBP



Review & Performance Analysis





This system makes trades based on pure price action. It trades frequently, with an average of 3-7 open/closed trades per week, and most trades close within one week. The system uses a mechanical FX system to manage trades and quickly exits losing trades to minimize drawdowns. This strategy has only been active since September 2022 but has taken with 254 trades so far with a win rate of 37.80%. The cumulative return as of now is 20.4%.


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Lord Of Money



Review & Performance Analysis





This strategy has been active for only 15 months

(at the time of this review). It primarily trades the AUDJPY pair and has executed 275 trades with a win rate of approximately 50.90%. The average trade duration is around 15.7 hours and the maximum drawdown, peak-to-valley, was 30.81%. The strategy's annual return, compounded, is reported to be 8.4%.


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Bread Krump



Review & Performance Analysis





The goal of this system is to achieve a 5% monthly return by using technical, sentiment, intermarket, and fundamental analysis, along with risk management to execute and manage the trades. It has executed 171 trades with a win rate of 48.00%. The strategy's annual return, compounded, is 50.9%.


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Code 5x



Review & Performance Analysis





This is relatively new system that trades only the GBP/CHF. It has executed 16 trades with a 93.80% win rate. The average trade duration is around 4.1 days, and the maximum peak-to-valley drawdown is 11.37%, which occurred between Oct 21, 2022, and Oct 30, 2022. The cumulative return of the strategy is 13.2%.


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FX Trade Pro



Review & Performance Analysis





This is another new system that has executed just over 50 trades so far with a 92.00% win rate.(46 out of 50). The cumulative return of the strategy is around 12.7%. On average, profitable trades yield $68.00 in profit, while losing trades result in an average loss of $47.75.


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FX FMKL



Review & Performance Analysis





This system is focused on manual intraday trading in the major Forex pairs. Risk management is a key aspect of the strategy, and most positions are closed at the end of the day. It has taken around 651 trades with a 57.9% success rate. The cumulative return is 6.2%, with an average win of $173.08.


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Learn2Trade



Review & Performance Analysis





Learn 2 Trade offers forex signals for most major currency pairs. The signals are sent via their Telegram group and includes the currency pair, signal, order, entry price, stop-loss, and take-profit. The service utilizes several technical indicators & charting tools to generate trades.


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Price Action Ltd



Review & Performance Analysis





This forex signal service sends 5-8 real-time signals through Telegram each week. They provide key details for each trade, including entry price, stop loss, and take profit. The service tailors its trading strategies to different market conditions and targets significant pip gains each week. They also have explanatory videos to help subscribers follow the signals.


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MegaFX Signals



Review & Performance Analysis





This service provides trade opportunities to traders via Telegram messages. They report an 87% win rate and use statistical trading methods that combine fundamental and technical analysis. Signals are sent with all key details, including entry price, stop loss, and take profit.


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1000pip Builder



Review & Performance Analysis





1000pip Builder is really a fund that basically offers subscribers access to the trades taken by their fund. They send alerts by email, Telegram, and SMS notifications complete with entry price, stop loss, and take profit levels. They use technical and fundamental analysis to identify and follow the long-term trend of a Forex pair.


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Fx Premiere



Review & Performance Analysis





This service provides daily forex signals via Telegram to beginner and professional forex traders. The signals are based on trading analysis tool that provides buy/sell signals in real-time. Trading signals are posted between 9AM-3PM and 5PM-10PM GMT Time Zone.


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Pips Alert



Review & Performance Analysis





This signal service provides trading signals through the Telegram app. The alerts are generated by proprietary analysis tools and include entry price, stop loss, and take profit levels. They have a goal to provide up to 2,500+ pips per month.


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Forex GDP



Review & Performance Analysis





This service provides signals based on confirmed trade setups with chart analysis. All trading signals come with technical chart analysis and reasons for buying or selling. The signals have an 80 to 95% winning ratio depending on market conditions. Signals are sent via text and email.


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Zero To Hero Signals



Review & Performance Analysis





They analyze the technical and fundamental data of the currency pairs. The service selects the best trades & sends alerts with details including entry price, stop loss, and take profit via Telegram app, email, and SMS. The service averages 4 to 10 trades per day and targets 300 pips per month.


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Signal Skyline



Review & Performance Analysis





This service provides simple and easy-to-follow signals for daily forex trading. They send alerts, by email, website & text message. These signals are based on research and analysis of over 50 data points which provides reliable trading signals. The alerts are sent with straightforward buy, sell, and stop-loss levels.


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Wolfx Signals



Review & Performance Analysis





This service offers daily alerts based on technical analysis and relevant indicators. The service provides 1 to 4 short-term analysis reports per day, as well as weekly reports for the Asia, London, and USA market sessions. The reports cover all the major currencies and include risk management advice. They send live alerts through Telegram.


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