New article The Easy Way to Evaluate a Signal: Trading Activity, Drawdown/Load and MFE/MAE Distribution Charts has been published:
often search for an appropriate signal by analyzing the total growth on
the signal provider's account, which is not a bad idea. However, it is
also important to analyze potential risks of a particular trading
strategy. In this article we will show a simple and efficient way to
evaluate a Trading Signal based on its performance values.
The account balance and equity values of each signal are monitored
since the account registration in the Signals service. The difference
between these values is positive, if currently open positions show a
floating profit. But if the equity is less than the balance value, it
means that the trading account is having a drawdown or unrecorded loss.
Author: MetaQuotes Software Corp.