1000 pip builder

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We have reached the end of our three month trial of forex signals service 1000 Pip Builder and here are the final results:-

 

Profit/loss: $885 profit @ $5/pip (+177 pips profit)
Trade Success Rate: 54%
Bank Growth: 18%
Cost:$97/month, $227/quarter or $397/year 
Average number of trades: 1 per day
VERDICT:NEUTRAL
Rating: 2.5 out of 5.0 stars

 

You can view full results here.

 

1000 Pip Builder – Full Review

 

1000 Pip Builder is an established forex signals service that is run by a guy called Bob James who apparently worked for one of the leading financial services institutions in London. He claims to have over 10 years of experience as a skilled Forex trader and mentor.

We followed the signals for a period of three months and in that time 85 trades were executed. A wide variety of currency pairs are traded, mostly the major FX pairs (e.g. EURUSD, GBPUSD etc).

Trades are sent out via the Telegram messenger app and come with an opening price, stop loss and three take profit targets – standard, scalp and swing. For the purposes of this review we used the standard TP level.

Signals come in at different times of the day and night and as we mentioned during our review updates below, this can make it a little difficult to follow at times as some of the signals were in the middle of the night our time so we missed some trades.

In terms of the results, the advised trades made 177 pips profit in terms of the official results, which at out standard $5 per pip would be $885 profit.

However, as we pointed out a number of times during our review updates, our own experience was quite different from the official results.

We often struggled to match the entry and closing prices on a lot of the trades, even when placing trades immediately after receiving the signal. We tried using different broker accounts to see if it made a difference but the situation was the same regardless – the price had often already moved quite a bit.

Sometimes the price had already moved a lot – 10 pips for example, whilst on other occasions it was more like 1-2 pips. On average though it was about 4-5 pips, which adds up over a large number of trades.

Whilst this experience is fairly common with forex signal services, it was particularly stark example in this case and is something that needs to be taken into account when considering the official results.

Overall we feel this service should receive a NEUTRAL rating as although it did achieve a decent profit on its official results, the results we were able to achieve in reality were quite a bit below the official ones.

Perhaps this is something they will look to address going forward as we do feel it is something of a weakness for the service. A trade copier would be a good option to ensure that members of the service are able to achieve the same returns as the trader Bob.

 

Service Breakdown

Ease of use: There is an average of just one per signal per day which is pretty manageable, but the trades come in at all different times of day and night so it is not the most straightforward service to follow.

Transparency of results: There are no official results published on their website, just a link to some myfxbook results for a six month period from June 2019 until January 2020. We would call for them to publish a full list of all results on their website.

Did our results match those on their website? N/A – as above, they do not publish their results on the 1000 Pip Builder website.

Trade success rate: The trade success rate for the trial was 54% which is pretty good and this did result in a profit as generally the stop-loss and (standard) take-profit levels are pretty similar.

Subscription costs: The subscription costs at the time of writing are $97 per month, $227 per quarter or $397 per year.

 

OVERALL VERDICT: NEUTRAL 2.5 out of 5.0 stars

1000 Pip Builder is a forex signals service from an experienced forex trader named Bob James.

Whilst in terms of the official results it made a commendable 177 pips profit during our three month trial, we found it difficult to match the opening prices – and closing prices – of recommended trades. On some occasions we were only able to achieve a price 10 pips below the advised price of the signal.

We think therefore the service would benefit from a trade copier option to ensure members are able to match the trader’s actual signals and achieve his results.

 

 

 

 


1000 Pip Builder – Results Update

15th April 2021

Forex signals service 1000 Pip Builder has continued to produce solid results, notching a profit of 56 pips since our last update.

That means they are now 240 pips up for our trial overall in terms of the official results.

You can view full results here.

As mentioned in previous updates however, we are struggling to match the entry and closing prices on a lot of the trades. This can mean a difference of 5-6 pips on average, which adds up over a large number of trades.

So you may well end up with results that are quite a bit worse than the official ones.

We think this service could really benefit from a copy trader service that would allow followers to automatically match their trades. Hopefully that’s something they will consider for the future.

 

 

 


1000 Pip Builder – Results Update

25th March 2021

Forex signals service 1000 Pip Builder has continued the fightback, with a profit of 199 pips made since our last update.

That means they are now 184 pips up for our trial overall.

You can view full results here.

We have commented in previous updates on the disparity between our results and the official ones, with the entry price we obtain sometimes quite a way off that advised on the signal.

We are still getting some big differences, often 5 or 6 pips from the quoted price of the signal. It doesn’t happen every time and occasionally we actually get a better price. But overall it is averaging at around 3-4 pips per signal, and often the same on the closing price when they close a trade early.

So our results are quite a bit different from the official ones – just something to bear in mind if following the service.

 

 

 


1000 Pip Builder – Results Update

10th March 2021

It’s been a slightly better time for forex signals service 1000 Pip Builder recently, with a profit of 77 pips made since our last update.

That means they are now just 15 pips down for our trial overall.

You can view full results here.

We commented last time on the disparity between our results and their official ones, with the entry price we obtained sometimes being quite a way off that advised on the signal.

That hasn’t been quite as severe lately, but has still been an issue with the price we get often 2-3 pips different from that advised. On the tight SL/TPs they operate on, this can really add up.

We will try looking at one or two other brokers but we don’t think the broker is the issue as ours is generally regarded as one of the best and most of the signals are on big forex pairs with tight spreads like GBPUSD and USDCAD anyway.

 

 

 


1000 Pip Builder – Results Update

23rd February 2021

It’s been a tough start to our trial of forex signals service 1000 Pip Builder, with a loss of 92 pips made so far on the official results.

Our own results have been somewhat worse however, with a loss of 161 pips made so far.

You can view full results here.

As the results suggest, we have had real issues in matching the official signals. One of these was a signal which was closed in the middle of the night (our time) which is just one of those things and not something we can blame the signal provider for at all.

However, on a number of the other signals we have had considerable difficulty matching the advised entry price, even when we place the trade immediately upon receiving the signal.

On a number of occasions the entry has been a full 10 pips away from the official entry given, which is a concern for us. We are used to a movement of 1-2 pips but 10 is more than you would expect just from slippage or natural movement.

So it is something we will have to keep a close eye on as obviously if you were regularly getting 10 pips worse than the advised entry then it would bring into question the practicality of following the service.

 

 

 


1000 Pip Builder – New Review

2nd February 2021

Today we are starting a new trial of a forex signal service called 1000 Pip Builder.

This is an established and respected service that is run by a guy called Bob James who apparently worked for one of the leading financial services institutions in London. He claims to have over 10 years of experience as a skilled Forex trader and mentor.

Primarily a trend trader, Bob likes to focus on maximizing returns from flowing price movement and considers it essential to focus on high probability opportunities. Bob says his key strength is his ability to interpret price movements and discern what is really happening behind the scenes.

In terms of results, they claim the signals made 6,500 pips profit over a 24 month period, although those results are not independently verified.

The only independently verified results we can see are on myfxbook and they show a profit of $2636 (or 1935 pips) over a six month period from June 2019 until January 2020, equating to 88% profit overall.

That is very good but we would like to see the full history on myfxbook over a longer time period.

In any event, that is where we come in to verify the results live here at Trade Stocks & Forex, so we will start a trial today of the signals from 1000 Pip Builder.

The signals are provided via e-mail, Telegram or SMS (for a fee of $19 for the SMS alerts) and trades are mainly in the following major currency pairs:

  • usdjpy
  • eurjpy
  • eurusd
  • gbpusd
  • usdchf
  • usdcad
  • nzdusd

We are all set then to start recording the results and will update things here as we go along.

In the meantime you can check out 1000 Pip Builder for yourself here.

 

 

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