signal blow ups - page 2
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there are a lot of signals , indicators and EAs out there but 99% of them are failing in long term ,
because of emotional trading...
i have seen an account with even 1 million percent profit that finally failed becase of risky money management
if your reward to risk is less than 2 to 1 you will fail soon or late.
I'm more and more convinced that mql signals are the target of a brokerage. or bank, or someone with a whole bunch of money. Everytime a signal reaches a fair amount of invested funds like 1millon or more it is systematically attacked and it quickly melts down. I've experienced this more than a few times unfortunately, a signal will have a great track record for several months even years and once it gains enough popularity and funds it's not long till death. It's happened more than enough to simply be a coincidence in my opinion.
I think it's in the mql organizations best interest to hide or otherwise not show how many subscribers or funds are allocated to any certain signal. It simply protects accounts from targeted money grabs, let users decide on a signal from it's track record not the amount of funds or popularity of it.
How do I suggest this to the powers that be?
big guys dont need to check signals section in mql5.com because they have access to real volumes of the market and know big positions
with those details because most of them are market makers that connect most of market participant to the marketplace and provide liquidity for them.
The idea that someone is working against a signal in Forex is just preposterous. Nobody is going to move a semi-decentralized market with billions of EUR/USD just to stop-loss a few million USD of a specific signal.
How would they even benefit? It does not make sense at all! You can only benefit if you can control the price movement 100%, which no single party can in Forex.
As stated before, risky strategies, bad risk/reward ratio, revenge trading, leaving positions open to keep stats and praying the market will turn, faking stats using doggy brokers,... There are so many ways of blowing a signal which are not apparent in the beginning when things are going well.
Another major issue and also the reason why so many signals and EA's fail over time is that market conditions change and most traders are "stuck" in the pattern that "worked before", so they get confused when things start to go wrong, and they keep using their old methods, "because they worked before", not willing or not able to adjust to the new market conditions. And before they realize their mistake, the signal is blown.
That is the biggest hurdle for any successful strategy: adaptation. This is what separates the good traders from the mediocre ones.
If adaption wasn't an issue, we would all be running our "Holy Grail EA" and be millionaires by now... Last time I checked I am still missing some zero's on my trading account :D
That being said, I personally believe that MQL5 does too little to prevent bad signals.
They could implement so many features which would improve signal quality but I guess that would hurt revenue.
The idea that someone is working against a signal in Forex is just preposterous. Nobody is going to move a semi-decentralized market with billions of EUR/USD just to stop-loss a few million USD of a specific signal.
How would they even benefit? It does not make sense at all! You can only benefit if you can control the price movement 100%, which no single party can in Forex.
As stated before, risky strategies, bad risk/reward ratio, revenge trading, leaving positions open to keep stats and praying the market will turn, faking stats using doggy brokers,... There are so many ways of blowing a signal which are not apparent in the beginning when things are going well.
Another major issue and also the reason why so many signals and EA's fail over time is that market conditions change and most traders are "stuck" in the pattern that "worked before", so they get confused when things start to go wrong, and they keep using their old methods, "because they worked before", not willing or not able to adjust to the new market conditions. And before they realize their mistake, the signal is blown.
That is the biggest hurdle for any successful strategy: adaptation. This is what separates the good traders from the mediocre ones.
If adaption wasn't an issue, we would all be running our "Holy Grail EA" and be millionaires by now... Last time I checked I am still missing some zero's on my trading account :D
That being said, I personally believe that MQL5 does too little to prevent bad signals.
They could implement so many features which would improve signal quality but I guess that would hurt revenue.
The idea that someone is working against a signal in Forex is just preposterous. Nobody is going to move a semi-decentralized market with billions of EUR/USD just to stop-loss a few million USD of a specific signal.
completely agree with you
How would they even benefit? It does not make sense at all! You can only benefit if you can control the price movement 100%, which no single party can in Forex.
another way to make profit is that you can use the wave they create.
Another major issue and also the reason why so many signals and EA's fail over time is that market conditions change and most traders are "stuck" in the pattern that "worked before", so they get confused when things start to go wrong, and they keep using their old methods, "because they worked before", not willing or not able to adjust to the new market conditions. And before they realize their mistake, the signal is blown.
That is the biggest hurdle for any successful strategy: adaptation. This is what separates the good traders from the mediocre ones.
If adaption wasn't an issue, we would all be running our "Holy Grail EA" and be millionaires by now... Last time I checked I am still missing some zero's on my trading account :D
That being said, I personally believe that MQL5 does too little to prevent bad signals.
completely agree with you the only system will be consistently profitable that can working with every market conditions even flash crashes...
Simple
Probability of win 97% - win amount 5%
Probability of loss 3% - loss amount 90%.
Given an infinite amount of time/trades with these odds the losing trade will occur eventually and blow up the signal.
It's just a matter of luck if enough wins accumulate first to make a signal attractive.
Brokers slippage may take 1-2 pips away and that's it. Is not the broker who forced an unrealistic stop loss or stop out.