NCM company provides signal services based on their real live account.
The presentation welcomes us with a statement that we’ve found a great instrument to invest our capital.
NCM Signal Trading Strategy
The developer trades using three EAs and manages some of the trading activities manually.
- The main EA opens trades in the market direction following short term trends. This robot works with up to 81% success rate.
- If the market goes against the trade, the EA opens another trade in the right direction, trying to close the wrong one ASAP.
- The robot uses a risky mix of Grid and Martingale strategies to provide additional profits.
NCM Signal Features
- This service is copy-trading trades from the master account to ours.
- Everything executes automatically.
- We have to trade through MT4.
- They suggest us to execute trades on their server to decrease execution speed.
- Their server provides the lowest possible ping between their and IC Markets servers.
- We can set any risk for 0% to 200%.
- We have all control over our money.
- IC Markets is an ASIC regulated broker.
- There’s no lock period for our funds.
We can calculate the possible profits we can get by using their copy-trading service.
NCM Signal Backtesting Results
The developers decided to not provide any backtests because they have long-term trading results.
NCM Signal Live Trading Results
It’s a real USD account on IC Markets with a verified track record. The robot trades with 1:500 leverage, using MT4. It was created on February 04, 2018, and funded only at $300. After two years and a half, the absolute gain became +339.63%. An average monthly gain is +4.48%. The maximum drawdown was acceptable (12.00%).
The robot performed 1014 trades with 4242.9 pips. An average win (11.61 pips) is almost three times less than an average loss (-28.02 pips). The win-rate is high and equals 80%-82%. An average trade length is over four hours. The Profit Factor is 2.09.
The EA works only on the GBP/CAD symbol, trading BUY and SELL directions equally by the number of deals and profits.
The EA opens trades mostly from 9 p.m. and until 1 a.m.
As it should be, the most active days are Tuesday, Wednesday, and Thursday.
The robot trades with medium risks to the account balance.
The account has the highest level of transparency because we can see open trades.
Looking at the trading results, it’s hard to tell for sure what SL the EA uses.
If we compare trading results since January 2020, we can notice that the first half of November 2020 was mostly unprofitable.
NCM Signal Reputation
The site includes some positive testimonials from clients.
NCM Signal has the page on TrustPilot with a high overall rate: 85% + 13% of the positive comments.
The person mentioned correctly. It’s the riskiest cocktail of strategies to use on the real account.
Pricing
The main page informs us that pricing is $39 monthly. It includes a VPS service, so it’s nothing money for this combo.
Proceeding to the Subscription page, the service provider informed us that there are no new subscribers. We can provide our email to be informed when their policy changes.
NCM Signal Review Summary
- Strategy – score (2/10)
- Functionality & Features – score (6/10)
- Trading Results – score (8/10)
- Reliability – score (7/10)
- Pricing – score (10/10)
Conclusion
The NCM Signal service triggered different thoughts. First, it’s so risky to copy trade Grid + Martingale signals because you won’t check the account quite often. So, several trades in a row can halve an account for several hours. The robot trades only one symbol for three hours daily. At the same time, the pricing warned us because $39 for copy service is so cheap even without VPS. With VPS on the board, it looks so suspicious. Anyway, the devs closed the registration of all-new customers.
