SignalDetector 47 (signaldetector47.com) or SD 47 is a Forex Expert Advisor that wants to provide a lower cost alternative in a rather expensive market. Is Signal Detector 47 a Scam or Legit auto trading software?
Today we will be reviewing this provider to ascertain if the service this vendor has is worth the purchase. Read through our review to see what experts have to say about the Forex EA provider.
Table of Contents
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What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Signal Detector 47 Review
This is one of the most unprofessional and scattered presentations we have seen in recent times.
They offer managed account services, and claim to have over 4,500 clients.
This robot works on the following pairs:
XAUUSD, GBPNZD, GBPUSD, GBPJPY, GBPAUD, GBPCHF, GBPCAD, EURUSD, USDCHF, EURCHF, EURCAD, NZDCAD, AUDCAD, AUDUSD, NZDUSD
It also offers the following reasons for them to be your EA provider
- Compatible with all brokers
- Daily return of 4-8%
- One time fee
- Risk management
- Trades.
The site fails to give location, and gives little information about the team. It only says they have more than 9 years of experience in the industry without any proof to support it.
How Signal Detector 47 Works
The Signal Detector47 team offers two different automated robots. The Gold/GBP Hunter, and the Signal Detector 47 EA v2.0.
Both the programs utilized a “‘strong current trend following strategy” relying on a mixture of trading indicators. The EA’s are completely automated, and the support team promises to help when called upon.
Signal Detector 47 Price
Customer Support
They provide a contact form and three email address to contact them.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedbacks on a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find any reviews by paying customers
Conclusion
SignalDetector47 doesn’t give an in-depth explanation of their strategy.
We couldn’t find paying customer reviews to gauge the rate of satisfaction in the product
No verifiable trade results and the website looks unprofessional, so we don’t feel comfortable recommending it to anyone as of the time of this writing.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
