MetaTrader 5 Trading Signals Redefined

[MetaQuotes]

A new version of the Signals service for the MetaTrader platforms has been launched on the MQL5.com website. The updated version features a new designed and a more convenient display of information. The old-fashioned table with a large number of figures was replaced by a lightweight tile view displaying a collection of the most popular signal parameters.

The trader behavior analysis has revealed that traders only pay attention to from 3 to 5 most important values during their primary selection of signals. A universal measure of a signal's success is the number of subscribers, as well as its profitability, minimal risk and stability. The MetaTrader 5 Signals showcase now features these important metrics, while detailed statistics are available on the signal description page. Now, traders can easily choose signals from the showcase, and then thoroughly analyze and compare selected signals using detailed statistics.

A new reliability parameter has been added to the MetaTrader 5 Signals Showcase for a quick evaluation of a signal. This aggregate value measures multiple parameters to simplify the comparison of signals in terms of investment reliability.

For example, in case of a large load on the deposit (Max Load %) or a huge increase in the monthly growth, this value is reduced. Conversely, a moderate monthly growth and deposit load normally reduce investment risks, so reliability is higher in this case.

Thus, the new showcase of MetaTrader 5 Signals enables a much faster preliminary search and analysis of signal providers. The new design, as well as the filtering and sorting options allow you to quickly find the desired signal among thousands of available offers. In addition, we have preserved the previous table view, so conservative traders can switch to their preferred format.

The updated MetaTrader 5 Signals showcase is already available on MQL5.com and it will be added to trading platforms after a behavioral study and the analysis of traders' feedback.

We invite everyone to test the re-designed Signals service on the website, from where you can also subscribe to a selected signal.

Show me the new Signals >>

[MetaAL]

looks very nice :) 
also this looks very nice,i think signal sellers will be also very happy to see such sofwares are around and not far away :)))

 enjoy

[Guilherme Mendonca]

Hello, 

Is there more details about reliability calculation?

You guys are not being honest or clear about it!

For example, Trading activity. What is the purpouse about that?

Because there are some accounts (signals) doing swing trading and others doing day trading. It is not a good comparision. And there are others reasons to open/close a position, sometimes market could give you more or less oportunities. 

It is VERY IMPORTANT to show us not only a simple graphic, more important is show numbers and the formules to check where is the pros and cons of each account.

I think you guys could show more respect to the milions of users and be more transparency.

[Timothe Bouchard]

It would be great to have a detailed explanation of each factor, since some of them affect the reliability score negatively (monthly growth) while others don't. Is there any consideration for DD? And how can Wins % be a good thing? This is encouraging most signal providers to keep their losses running until they turn to profit - a sure recipe to blow up accounts?

[Sergey Golubev]

Timothe Bouchard:
This is a horrible way to calculate the reliability of a signal. No consideration for DD? And how can Wins % be a good thing? This is encouraging most signal providers to keep their losses running until they turn to profit - a sure recipe to blow up accounts.

As far as I know - the subscription is prohibited if the drawdown is more than 30%.
The discussion is on this thread: https://www.mql5.com/en/forum/293903

[Jorge Mendes]

Hi,

Thank you to MQL5 team for the great job you do with the platform.

But Reliability should pay attention to the account leverage in addition to the maximum load. It is not the same to have a 50% max load in a 1:30 leverage account that having 10% max load in a 1:200 leverage account. This second case could seem better, but it's worst.

If you copy a signal from a 1:200 account to a 1:30 account (like the EU ones) you will get positions closed very easily although the max load seems not to be high (perhpas 20%).

But if you copy a signal from a 1:30 account to a 1:200 account your real risk will be very low although the statistics show 100% max load.

So the Reliability measure has to take into account the leverage. In other case it has no sense at all.

I hope MQL5 change the Reliability calculation to be really useful and not to confuse to potential buyers due to the account leverage in the source account.

Regards