What rules do you follor for finding the best signals and avoiding the risky ones?

Ovidiu Caslariu 2014.05.29 17:49

1.Observe the correlation of “winning trades %” Vs “Max Open trades”

18% (15)
2.Don’t look just at the DrawDown percentage rate

12% (10)
3.Look for reasonable winning percentage – the closer to 100% it is the riskier!

14% (12)
4.One of the first indicators to look for is the ROI (return on investment).

8% (7)
5.Go for traders with experience. 40 – 52 running weeks (1 year) is a good benchmark.

11% (9)
6.Choose traders whose average profit is not less than 9 pips.

10% (8)
7.Avoid those signal providers whose profit is around 100 000 pips and more, this is a signal that they might be doing something weird.

4% (3)
8.Be careful of traders who have more than 10 open trades.

2% (2)
9.Observe the profit/drawdown chart.

18% (15)
10.In case if you are not 100% sure about a signal provider do not allow them more than 1 lot per trade.

4% (3)

Total voters: 49

Alain Verleyen 2014.05.29 18:54 #1

There is already a lot of such topics, and no one is interesting. Do you think to make a good topic ?