The signals are absolutely crap. Let's talk about the VIP Forex signals.
I've been in their channel for over more than 8 months, their signals are not profitable at all. You can see his results in profit, but considering taking 50% at TP1, 50% at TP2, it makes it unprofitable at all. You barely earn 1% per month. What if you miss a few signals per month? Spreads? You'll earn nothing and take losses.
Gold signals are just disaster. Joined for 3 months, wide SL, bad win rate.
Pat is constantly sharing his videos earnings thousands a week but the signals he shares are useless
Replying to the comment: 2024/02/06
Few Pat's videos have mentioned that securing profit by taking closing half at TP1 and leave the remaining for TP2. How is that profitable? Well, let's be fair, signals and instructions are good and clear (like when to move SL to BE), but the results are not profitable.
Response from Forex Robot NationFeb 5, 2024
Thanks for reaching out.
We are not using the signals in the way you claim, and have recommendations on how to use the signals properly in the members area.
Both are rooms are performing well, and growing in popularity due to our successes.
Please revisit the members area, and see our recommendations.
Update: Pat makes videos every single week about a multitude of strategies. Very little information stated in these videos is about the VIP trading room. Please do not conflate the two.
KV
Keven Van A.
Horrible signals
Horrible signals, easy to follow but they're just losing signals, if you want to lose your money join this channel. At best you'll get 1% gain on a winning signal but since the beginning of January to today every signal have been a loss. 10+ signals have been giving in the past two trading weeks and all resulted in a loss. Even with good risk management on my 100k account, I have been just losing money. Terrible winrate and very low RR.
Update: they gave me a refund in hopes that I would remove my review but it is an honest review from my experience. I have lost $3000 in the time I've been with them. Explore your options
Response from Forex Robot NationJan 17, 2024
Keven was a client for just 2 weeks. We then provided the refund.
Before his two weeks we had a hot streak where we won 7 trades in a row.
Since Keven has left, we have already recovered losses that we incurred during his two weeks. Thus, if Keven stayed for his full subscription month, he would be up.
Trading has ups and downs.
All our long-term members are happy with our services, and understand that we grow accounts over time.
I recommend that you don't start trading live with large lot sizes in your first week. Ease into it, get a feeling for how you want to manage the signals and you will do great. We have guides / recommendations in the members area telling clients exactly this.
DD
Daniel D.
GOLD SIGNAL CHANNEL IS A COMPLETE MESS
I wish I could post screenshots here so I could put out all the proofs of how horrible the gold signal group has been. December was probably the worst month ever. Back to back stop losses, Pat didn't even post the weekly and monthly trading result anymore on the second half of December because he KNOWS the channel lost so many trades.
The last straw was yesterday (2 Jan 2024), the channel gave a buy stop signal, got activated, and a few minutes later a sell signal was given out WHEN THE BUY IS STILL RUNNING. The buy ended up hitting stop loss while the sell hits BE. Horrible trades overall which made zero sense.
Then today the gold channel gives out an analysis for EURJPY for whatever reason. Does Pat even manage the signal channels? How did this become such a mess? I implore all of you to keep your 50 bucks and run as far as you can. If you somehow got enticed into purchasing any of the signals recently, demand a refund immediately, and if Pat refuses, do a chargeback if you can. This level of quality is in no way acceptable for $50 a month.
UPDATE: They emailed me offering a refund in exchange of me deleting this review, which was a complete joke. I'll take the refund which is what's rightfully mine AND keep this review up so you can't scam anymore people. Let me add that tonight (5th Jan 2024) the channel gives out a signal 9 minutes BEFORE NEWS, which was pure gambling in my opinion. I didn't took the trade, it ended up going in the trade's favor but I will never count this as a win. There's absolutely no way this kind of sloppy performance should be allowed in the forex world, MUCH LESS BY AN ENTITY SELLING SIGNAL SERVICES.
UPDATE 2: Responding to the reply below, it's not mainly the matter of having a bad month. It's the extremely basic mistake like saying "potential upward movement" while giving a sell signal, as well as the shenanigan last week of giving a buy and sell signal AT THE SAME TIME, that reflects extremely poorly on your quality as a signal provider, it's simply unprofessional.
Update 3: If any of you reading this scroll a bit below you'll notice two 5-star reviews saying exactly the same thing. I trust you understand what this means; this scam of a company is making artificial reviews to desperately keep their rating above 4. RUN AWAY PEOPLE
Response from Forex Robot NationJan 6, 2024
HI Daniel,
This was the only losing month we've had in the gold trading room. Historically, we struggle in December, as we prefer trading with volume. This one month, is not an accurate picture of the past or future of the gold room.
The gold room has had 3/4 months winning over 10%, and losing just 1.5% in the only losing month, which you happened to be with us for.
We refunded you, and did hope that you would delete review given that this was a small sample size. But you are entitled to your opinion.
In terms of results, they are always available on our website.
I wish you nothing but the best, and hope you find a service that better suits your trading style and goals in the markets.
FU
FX U.
They lie about % results, it is not profitable. Demanding a refund.
I bought the lifetime FX service about half a year ago and I'm very disappointed with the results.
I was drawn in with the presented gains per month on their website, but now I realise they lie about the actual results. Let me explain:
All signals are being put in automatically (this works great btw). They give a TP1 and TP2. Every trade the risk is 1%. So if the SL is hit, the result is -1%. When TP1 is hit, they claim a 1% gain. This is techninally possible if the SL is now moved to TP1 or if full profit is taken at TP1. However, this is not done. SL will be moved to BE (logically) so in the scenario where after reaching TP1 the SL (at BE) is hit, they claim a 1% gain. However as only half of the position is closed at TP1 it results in an actual 0.5% gain.
The same happens when TP2 is reached. At TP1, one position will be closed, resulting in 0.5% realized gain. Consequently if TP2 is hit the second position will close for 1% gain, resulting in a 0.5+1=1,5% actual realized gain. They will claim 2% in this case.
Of course there are different strategies that can be taken, for instance taking full profit when either TP 1 or 2 is reached. But my point is that there is no strategy in which their posted results are actually true. I have not been profitable using only their service after 6 months and therefore demand a refund.
Please avoid, and join signal services which post their actual trades so you can verify before you buy!
I will update with info how they respond to this review (if they try to take it down, do nothing or take actual responsibility)
AS
Ash
I didn't want to write this review…
I didn't want to write this review however I feel I have been patient enough.. this might be my last month with pat!!
First the TP 1 and TP 2 manipulation stated on reviews before this has not been addressed and is impossible to match pats results
The results that are show on the website from last year must of been from a different analysis because sometimes it's not even a 50% win rate
The gold group is just poor.... shockingly poor I understand that gold is a choppy commodity but there is 2 trades a week max and you will be lucky if it hits TP1
Overall there needs to be major changes or it will just be the same as every other scam forex group
I had high hopes for pat but he may just be the same as the rest
SH
Stefan H.
Honest review from a full time trader
Honest review from a full time trader
I have been a customer of Pat and the Vip Trading room for 9 months and want to give a detailed review here.
The concept that an Expert Advisor takes over the signals is super and the marketing on Youtube is super implemented, free added value from Pat and you notice that he has the expertise. That was the reason why I put my trust in them and have been with them since January 2023.
However, I am now ending my journey with them as I no longer see any point in it. I am unfortunately very disappointed. The strategies used are profitable and they have the professionalism to trade them continuously and mechanically but in the end the signals and their concept together with the Expert Advisor are not profitable. Their posted results border on fraud as they are not reproducible whether manually or with the Expert Advisor. According to my track record (facts), the hit rate is only around 33% (i.e. only 33% of the signals hit at least take profit 1), around 20% hit the take profit 2 sent. The risk/reward ratio is at a maximum of 1.5 with the setting to distribute the total risk over both take profits, mostly even less. This results in a non-profitable trading result if the Expert Advisor is allowed to implement the signals.
Their customer support is good and fast but they ignore suggestions for improvement based on constructive criticism and their solution is to use the signals only as further analysis.
Ok but then why promote the concept with the Expert Advisor? Why do they post results that are in no way reproducible? When a signal hits the stoploss they give 1% losses, when Take Profit 1 is hit by 1% profit and with Take Profit 2, 2% profits. How is this possible?
Summary: The concept has huge potential, the strategies are profitable in theory but the implementation is poor and the marketing is dishonest for me personally. Together with the advertised Expert Advisor the signals are not profitable, but if you trade according to their analysis it could be profitable.
This is a subjective honest review, if something changes for the better I will update the review, good luck.
Update: It is a good made Scam be aware, bad Trustpilot reviews are getting removed and I would say 90% of the good reviews are bought reviews and not real, you can see that clearly if you read trough them, they are also not open about criticism and promoting a unregulated broker. Stay away.
I lost around 25% with their signals since I started and this can't be my fault as I traded them trough their own offered EA.
HI
HiltonTrader
I have been using both the signals and…
I have been using both the signals and the robot copier. This is hands down the worst signal service I have used to date. I have no idea how they can rate themselves as the best signal service out there. They consistently give bad signals that loose your account money. This service my be useful if you took the opposite trade to what is suggested but I havent tested it like that nor do I want to waste more of my account balance on this service in any capacity. Save your money and flip a coin instead at least you have a 50/ 50 chance but if you want to loose 80 or 90% of your trades make sure you use the no 1 signal service provide Forex Robot Nation
SP
Specter
Useless signals
Useless signals, waste of money.
Response from Forex Robot NationAug 2, 2023
We have no order from [email protected] (please ignore review)
We did over 10% last month.