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Author Topic: Butapips  (Read 11094 times)

Offline Butapips

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Re: Butapips
« Reply #15 on: August 22, 2012, 09:34:16 AM »
Because we have posted EURUSD signal in our facebook page on 16 August.It went up to 100pips on 17 August.
Buy EURUSD @ 1.2279
SL : 1.2229
16.08.2012 , 09:28 GMT

Offline jgadefelth

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Re: Butapips
« Reply #16 on: August 22, 2012, 10:38:20 AM »
Because we have posted EURUSD signal in our facebook page on 16 August.It went up to 100pips on 17 August.
Buy EURUSD @ 1.2279
SL : 1.2229
16.08.2012 , 09:28 GMT

Still strange that you have it on several ocations where it is different from facebook to you site result. 



Best regards

Offline cb75

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Re: Butapips
« Reply #17 on: August 23, 2012, 06:41:12 AM »
 What is the money back guarantee on the diamond plan?

Offline Butapips

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Re: Butapips
« Reply #18 on: August 23, 2012, 06:45:00 AM »
If we don't make (200-400)  pips per month we will trade on your account for the next month for FREE.

Offline cb75

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Re: Butapips
« Reply #19 on: August 23, 2012, 07:37:59 AM »
So even though the diamond plan states 400-800 pips a month you only guarantee 200-400? With a minimum requirement of $20,000 that exposes the account to a bit of damage don't you think?

Offline alazarus

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Re: Butapips
« Reply #20 on: August 28, 2012, 05:52:14 AM »
My performance for the 2 weeks so far -

Open Date   Close Date   Symbol   Action   Open Price   Close Price   Pips   Website Pips   Comments
27-08-12 9:46   27-08-12 16:01   AUDUSD   Buy   1.0395   1.0373   -21.7   -18   On Par
27-08-12 9:46   27-08-12 9:47   AUDUSD   Buy   1.0395   1.0394   -1.5      
27-08-12 9:02   27-08-12 9:42   USDCHF   Buy   0.9614   0.9596   -17.2      
27-08-12 6:53   27-08-12 9:01   EURUSD   Buy   1.2511   1.2496   -14.6   -15   On Par
24-08-12 9:19   24-08-12 16:01   USDCHF   Buy   0.9581   0.9598   17.1   35   On Par
23-08-12 15:39   23-08-12 16:33   EURUSD   Sell   1.2543   1.2575   -31.9   -30   On Par
23-08-12 9:17   23-08-12 10:24   AUDUSD   Buy   1.0522   1.0494   -27.9   -30   On Par
22-08-12 13:03   22-08-12 15:51   AUDUSD   Sell   1.0436   1.0444   -8.4   15   On Par
21-08-12 7:22   21-08-12 9:37   USDCHF   Sell   0.9719   0.9684   34.9   100   No TSL
17-08-12 9:51   17-08-12 16:59   USDCHF   Buy   0.9726   0.9766   40.3   35   On Par
16-08-12 10:34   16-08-12 14:40   EURUSD   Buy   1.2278   1.2310   32.3   100   No TSL
15-08-12 12:06   16-08-12 2:27   EURUSD   Sell   1.2307   1.2300   6.7   35   On Par
15-08-12 10:52   15-08-12 12:04   USDCHF   Sell   0.9737   0.9761   -24   -27   On Par

Pretty close to website reporting. I missed out on higher profit margins by not having trailing stop losses on 21/8 and 16/8. The big gains were early in august which I also missed out on. (Only started my subscription on 15/8). So far no major issues with their service and their website appears to be accurate in terms of reporting pips.

The onus is on the trader to have a stop loss and profit strategy. I'm tossing between having a fixed +50 pips take profit strategy on each trade or using a -25 pip trailing stop loss. Obviously if gains are large (>100 pips) than a trailing stop loss will net more. Statistical analysis on past signals shows that for my GMT area the win to loss ratio are 4 to 1. This is impressive if they can maintain it.

Offline odysseus11

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Re: Butapips
« Reply #21 on: August 30, 2012, 01:26:03 PM »
they seem to have a 3 tp strategy tp1/tp2/tp3

My question here is with their results reporting. The common scam (and why they usually dont have a myfxbook or mt4i or fxstat) is that they count FULL lots when they report gains in pips, when in truth they should report 1/3 at each tp level. Of course, there is a single SL, so that would be a full amount of pips (not just 1/3). We have seen this a THOUSAND times by these signal vendors, and this is always how it shakes out.
http://www.forexfusion.com
stop gambling. start trading.

Offline rex68

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Re: Butapips
« Reply #22 on: August 30, 2012, 01:47:03 PM »
seriously.........................  ;D

they seem to have a 3 tp strategy tp1/tp2/tp3

My question here is with their results reporting. The common scam (and why they usually dont have a myfxbook or mt4i or fxstat) is that they count FULL lots when they report gains in pips, when in truth they should report 1/3 at each tp level. Of course, there is a single SL, so that would be a full amount of pips (not just 1/3). We have seen this a THOUSAND times by these signal vendors, and this is always how it shakes out.

Offline flatour

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Re: Butapips
« Reply #23 on: September 01, 2012, 11:53:09 AM »
Hello,
I don t understand. According to their website they took 1000 pips in august.
Are the signal automatic or only sent by mail or sms?
Thanks

Offline carlleese24

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Re: Butapips
« Reply #24 on: September 01, 2012, 01:17:47 PM »
Hello,
I don t understand. According to their website they took 1000 pips in august.
Are the signal automatic or only sent by mail or sms?
Thanks

Hi

I did consider this signal service at one point then decided against it as I looked through there performance in August as I cannot see how customer who will receive these signal will achieve these kind of pips profit on there brokers.

They do offer a service which will copy the trades onto your account.

Carl

Offline Adslee

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Re: Butapips
« Reply #25 on: September 02, 2012, 05:13:40 AM »
Hello,
I don t understand. According to their website they took 1000 pips in august.
Are the signal automatic or only sent by mail or sms?
Thanks

Hi

I did consider this signal service at one point then decided against it as I looked through there performance in August as I cannot see how customer who will receive these signal will achieve these kind of pips profit on there brokers.

They do offer a service which will copy the trades onto your account.

Carl

What makes you say that?

I am on the premium plan, the signals provided are fairly solid.

What is concerning though is the lack of an exit signal. Yeh it's up to the trader to manage the trade, however I would argue that if your going to provide a signal service you'd want to send an exit signal if you plan on recording the total value of the trade (in pips) on your p&l.

They advise you that you can make x number of pips based on the take profit you choose to take (generally 1-10 depending on how the trade plays out). If you choose to keep the trade open for the maximum amount of pips they only send updates as the various take profits are achieved.

That is the only downside to the service, however it is really frustrating that an exit signal isn't provided especially considering that they will record the full pip value of the trade on their p&l as a means to measure their performance.

I will stay with them, however they need to get better at helping their clients achieve the full value of the trades.

Offline carlleese24

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Re: Butapips
« Reply #26 on: September 02, 2012, 10:33:25 PM »
Hello,
I don t understand. According to their website they took 1000 pips in august.
Are the signal automatic or only sent by mail or sms?
Thanks

Hi

I did consider this signal service at one point then decided against it as I looked through there performance in August as I cannot see how customer who will receive these signal will achieve these kind of pips profit on there brokers.

They do offer a service which will copy the trades onto your account.

Carl

What makes you say that?

I am on the premium plan, the signals provided are fairly solid.

What is concerning though is the lack of an exit signal. Yeh it's up to the trader to manage the trade, however I would argue that if your going to provide a signal service you'd want to send an exit signal if you plan on recording the total value of the trade (in pips) on your p&l.

They advise you that you can make x number of pips based on the take profit you choose to take (generally 1-10 depending on how the trade plays out). If you choose to keep the trade open for the maximum amount of pips they only send updates as the various take profits are achieved.

That is the only downside to the service, however it is really frustrating that an exit signal isn't provided especially considering that they will record the full pip value of the trade on their p&l as a means to measure their performance.

I will stay with them, however they need to get better at helping their clients achieve the full value of the trades.


Hi

Broker FXpig
Broker time is +3 GMT

Taking these 2 signals from there past signals from there website. It would not be possible for me to be in these trades as the entry prices at those signal times were unobtainable see the 2 attachments. That is 400 pips less compared to what they have published on there site and there could be other signals that is similar.

So these signals could broker dependent.

03 August, 2012
07:59
BUY
EUR/JPY
95.39
+200


07 August, 2012
10:34
BUY
GBP/CHF
1.5135
+200


Carl

Offline shaonmra

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Re: Butapips
« Reply #27 on: September 07, 2012, 12:16:46 AM »
Buta means, dumb or stupid in my language (Hungarian)  :) LOL

Very funny. LOl. I didn't try this signal provider. But not so popular signal provider.



Offline flatour

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Re: Butapips
« Reply #28 on: September 07, 2012, 04:55:47 AM »
Hi

Broker FXpig
Broker time is +3 GMT

Taking these 2 signals from there past signals from there website. It would not be possible for me to be in these trades as the entry prices at those signal times were unobtainable see the 2 attachments. That is 400 pips less compared to what they have published on there site and there could be other signals that is similar.

So these signals could broker dependent.

03 August, 2012
07:59
BUY
EUR/JPY
95.39
+200


07 August, 2012
10:34
BUY
GBP/CHF
1.5135
+200


Carl

So this is scam?
BTW what technology does they use to copy signal? Also, no myfxbook?
Thanks

Offline sainer

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Re: Butapips
« Reply #29 on: September 14, 2012, 06:56:41 PM »
Hello.
I have a subscription with butapips.

1st service is not entirely honest because there are several negative signals in early September that are not published in the track record.
2 The service is not completely honest because you have to open 3 orders with 3 goals (15, 35, 55 pips) and if negative at -30 pips, butapips publishes -30 but my broker subtract 90 (30 pips per order ).
3 The service is not completely honest because when you reach the second objective (35pips) they ask you to add one TP4 (75pips) but the only way to do that within the market is expanding TP3 (55pips) to 75pips. If the price exceeds 55pips but misses 75pips, butapips say that have earned 55 but you earn less.
4 The service is not completely honest because most of the alerts are sent too late. From 35 alerts only I had time to trade with 16 signals. Of the 16 signalss, 6 have given negative results. My total score in 25 days is 70 pips. Butapips reported 747 pips.
Clarifying that I have been very aware of the signs with the pc always next to enter soon.

My conclusion: I've spent $ 120 in a month for only 70 pips signals. I will not renew.


 

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