Verified purchaser
My opinion as a trader in the market
After trying the app and monitoring its results, it seems, in my opinion, not accurate.
- The app generates signals, for example, a long with 5 TPs. The price hits TP1 and maybe TP2, then drops below the buying price, closing the position at a loss. However, the results tab still shows it as a winning trade.
Winning or losing is determined when we close the position in profit or reach full TPs, not when we reach one or two TPs and then the price falls below the buying price. maybe the winning signal is 65% or 70% which by the way is a good performance for any trader but sure not 90% ++ as he mentioned before.
- They recommend using a trailing stop-loss. If you set the trailing stop at TP1 or slightly below, there's a 70% chance the trade will stop there, as it often hits that level repeatedly, preventing you from reaching TP2.
- The app doesn't use a trailing stop-loss. That's why it sometimes hits some or all TPs and closes the trade if it seems it won't rise again, even if it's at a negative price.
- You need to add all positions manually; there is no webhook or platform connection so you will miss many opportunities or trades. So, what's the difference between you and Telegrams Group, and what value do you add?
- The developer is aggressive with many users when he doesn't like what they say, and his easiest response is "Try to learn more about trading".
- Now he trying to promote another version of the same app after he built a community with subscriptions, I thought, and sure not me only, that he would develop a better version of the app for Sumos buyers and another thing, Spots market not included in. this plan only for futures market.
This is my honest experience with the app.
Fox_Signals_AI
Edited Oct 27, 2024This review contains numerous inaccuracies that raise concerns about the reviewer’s intentions and have confused potential customers who reach out to us about it. This situation has left us with no option but to request that your service remove this review.
Incorrect App Version Claims: The reviewer falsely claims that we've developed a new version of our app with paid features. This has led to significant customer confusion, with many users contacting us to clarify this misinformation. We have never released or announced any such update.
Misrepresentation of Features: The review inaccurately suggests that our app allows trailing positions, which is not possible with our platform. This raises doubts about whether the reviewer has genuinely used our app or understood its functionality.
Baseless Claims of Aggression: The reviewer states that the developer has been aggressive with multiple users. This is an unsubstantiated claim without any evidence to back it up.
Mischaracterization of Trading Features: The review describes our app’s win/loss ratio and take-profit settings inaccurately, likening it to betting and misjudging its purpose. This suggests a lack of understanding of these features and their use.
Confusion between Trailing Stop Loss and Trailing Take Profit: The reviewer claims we recommend using a trailing stop loss, when we actually recommend a trailing take profit. These are two distinct concepts.
We welcome all feedback and respect freedom of speech; however, we cannot accept misinformation that misleads potential customers and impacts our sales. This review seems to be written by someone unfamiliar with our app, leading to the spread of inaccuracies that harm our business and customer trust.