More dodgy trading suggestions from PIA First?

[dmedin]

I watch the PIA First trading suggestions quite closely and notice that they often don't act on their own trades.

Below is one particularly egregious example among many.  It should have stopped out a long time ago at 11170.

There was also a PIA First suggestion to short gold yesterday at 1417, which did not occur.  I am beginning to think these 'signals' are not their real trades but designed to encourage 'punters' to make trades ... on very bad advice on occasion.

 

[dmedin]

@TrendFollower

All true, but I'd like to know if PIA First actually trades on its own signals (the above example suggests that it doesn't).

If not, then why is it considered good enough for clients but not for PIA First itself?  Seems deceitful.

Edited August 2, 2019 by dmedin

[Caseynotes]

19 hours ago, dmedin said:

I watch the PIA First trading suggestions quite closely and notice that they often don't act on their own trades.

Better to think of the two signal providers as computer generated chart pattern screeners, so if you are interested in particular chart patterns but don't want to be constantly trawling through all the markets check the signals, go over the suggested trade and check it suits your requirements especially the risk reward factor as sometimes they are very poor.

The trade picked out in the OP is clearly a glitch, the trade was stopped out for a small gain months ago but not removed from the list for some reason.

Both providers have their historical stats posted on their respective web pages.

[dmedin]

On 03/08/2019 at 09:43, Caseynotes said:

Both providers have their historical stats posted on their respective web pages.

Not sure how recent or how true PIA First's claims are in that respect.