Ok but...
Alright so here is my experience with FxCartel. My friend and I bought the course back 3 years ago and there are a couple of things to note (we didnt stay 3 years in the service & community). 1. Where have you EVER heard that having a 70% win rate is bad? Like if you have that as a trader, you are a BAD trader. Well...Seb said it. In his course. Ive been trading for 4 years now, watching tons of videos and reading tons of books. From hedge fund manager like Mike Bellafiore, to trading psychologists such as Rande Howell, to successful traders like Tom Hougaard, to legends like Mark Douglas. They ALL said unanimously that a win rate above 60% is good, even great. But Seb thinks its very bad. So, to my second point. #2. As I said in my previous point, a 70% win rate is bad, however, my friend and I calculate the stats from the signal service in the span of 4 months. We took into account EVERY single trade. Even the ones they said were winners but in reality were not (see my point #3 below). And guess what? The 2 traders in charge of the service had a win rate between 60 and 70% depending on the week and month... That says a lot about the credibility and the "top traders in charge of the service". #3. They called trades they won but didnt. Sometimes the entry they would call would be a short at 158.95 (for example). The price would go to 158.93 and drops. They would call that a winner because it basically "worked" and they "called it" lol. #4. Just to expand on my #3, Seb would draw 3 types of boxes. Without giving away anything related to his strategy, there are green boxes (buy), red boxes (sell) and purple boxes (both a buy and a sell depending on the context, fundamental environment, where price is in relation to the box = if the price was above the box, the box would mean a buy on the retest and if below a sell). Its quite easy to draw boxes at "zone of interest" where price is LIKELY to react. Thats not the hard part. We all know that. My point is that sometimes, Seb would draw purple boxes meaning he has an interest in selling or buying the pair. When the trade worked, he would post a chart showing the winner. When the trade didnt work however, he would then explain that he didnt take the trade based on the context of the socio-economic environment and the fundamentals were not good, or he didnt have enough confluences or correlation and that WE (the payee) should have known better then to take the trade...lol. #5. In the early debuts of the signal group, the point where you would move a stop to breakeven was +30 pips. We all knew it. It was always 30 pips. I know it has changed, but this is my experience from the time I was with the service. Again, sometimes, some trades would move 30 pips in our favor, we would go BE and the price would retest our entry and take us out BE. But then the trade would end up being a big winner. Guess what? Seb was still in the trade when they were winners, explaining why this time he didnt move BE at +30 pips (after the fact of course, when the trade ended up working). When it was a loser, he would usually have moved BE at 30 pips like the rest of us. With everyone giving it 5 stars where I think it shouldnt be 5 stars, I decided to write this HONEST and OBJECTIVE review. It seems the community are in awe in front of Seb (like any other trading community are in awe in front of the owner usually) and there is a contest of who Seb is going to like more. They all try to befriend him and be "the one" Seb will notice. With all that being said, I do think Seb is a consistent winner. The fact that he calls some of his trades in advance (not the purple boxes where he might or might not enter, but the red and green boxes where we KNOW, in advance, he will sell or buy), and they usually were working in the vast majority tells me he is a successful trader. However, his "70% win rate is bad" statement/mentality is complete nonsense. Ask ANY successful trader besides Seb what they think of 70% win rate.