I do not oppose to the idea that those genuine traders sell their signal as a secondary income. afterall, there is no extra works need to be done and it is risk free. Genuine signal providers are out there but usually they make very little money from subscribers because a real and genuine trading strategy can never produce a beautiful and linear growth curve to attract subscribers.
You wont make big money by selling a genuine signal, you make big money by selling lies.
Forum on trading, automated trading systems and testing trading strategies
Signal rankings are a joke
Alok Dandekar, 2017.05.06 21:29
The MT4 signal rankings are a complete joke. Currently the #1 signal "Small to Big Money" has lost 45% this month. LOL
You guys seriously need to re-evaluate your ranking criteria.
The users of the forum are here but no one of us created/invented the ranking formula.Seems, you confused with the place.
There is the thread in rus part of the forum concerning the rating as well, and it was some reply from one moderator (he is not from MetaQuotes but this is correct reply) - machine translation from russian to english sorry:
Форум по трейдингу, автоматическим торговым системам и тестированию торговых стратегий
Параметры, по которым MQL5 "рейтингует" сигналы
Vladimir Karputov, 2017.05.07 19:27
ranking formula is from several tens of parameters. The parameters are selected on the basis of statistics of all service "Signals" (and believe me, that your observation "... over the last few months ..." has nothing to do with the analysis and statistics of the vast array of data services, "Signals"). Maybe you saw some matches - nothing more.
The formula may undergo changes and adjustments.
The formula will never be made public.
because cent account signal sellers carry negligible risk.
Meng Yin Teoh, 2017.05.07 11:34
1. Of course $1000 threshold wont make a signal good or bad but it can minimize the chances that the signal providers create hundreds of cent accounts with initial deposit of $10 each and simply show you the best performed account afterward.
3. Martingale strategy provides no real trading edge and it is 100% guarantee blowup someday. I never seen a martingale strategy that never blowup, it is just a matter of time.