How to Evaluate Forex Signals (EAs)


The following are the main criteria to take into account, before connecting to a Signal or Expert Advisor

1 Age >6 months Must have more than 6 months on the market
2 No Frequent Deposits Must not have frequent deposits
3 Profits Must have a good earnings history
4 No Martingale Your strategy should not be based on martingales. This may be the main criteria
5 Glide It is advisable to look at it, although a high slippage can also favor our account
6 Monthly payment The monthly cost of the subscription must be suitable for my budget
7 Suggested Deposit The size of my account must be suitable for the signal to be connected
8 Maximum reduction <30% The historical Drawdown must show a percentage lower than 30%
9 reliability Reliability bars must be 3 or more
10 Negative Alerts The system automatically generates alerts, which can tell us if it is a suitable signal for us.
11 Subscribers >10 Must have 10 or more subscribers
12 manage funds The managed funds/subscribers ratio must show a good average per account connected to the signal


Additionally, and in a more subjective way review the comments, user rating and leverage according to our account.

Signal rating example

Date 7/2023 (edited by moderator)
Sign Name of the Signal
Supplier **deletd by moderator ***
Age >6 months complies
No Frequent Deposits complies
Profits complies
No Martingale No
Glide complies
Monthly payment complies
Suggested Deposit complies
Maximum reduction <30% complies
reliability complies
Negative Alerts complies
Subscribers >10 complies
manage funds complies
Comments Complies*
stars Complies*
Chord Leverage Complies*
comply eleven
Qualification 92%

*Do not apply for qualification, as they are subjective criteria

Machine translated from original Spanish text, by moderator.


This is the English forum, so please post in English. Alternatively, you may post in the Spanish forum instead.

Also, please do not reference any Market products or Signals. That would violate forum rules.

Foro MQL5
Foro MQL5
MQL5: foro sobre el trading, sistemas de trading automáticos y simulación de estrategias comerciales.