The user can trust ratings and rankings in case he/user does not care about the signal provider and his trading system (and if the user has a lot of money to subscribe). But the experienced subscribers are subscribing to the signal provider they know by activity on the forum here.
Forum on trading, automated trading systems and testing trading strategies
How to choose a professional developer in Freelance service
Sergey Golubev, 2020.08.09 08:41
I am posting this suggestion all the time on the forum. It is related to the Signals, the Market, and to the Freelance as well -
Forum on trading, automated trading systems and testing trading strategies
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Sergey Golubev, 2020.01.16 06:35
There is one rule which some people follow:
subscribe to the signal or create an order in Freelance or purchase the product from the user/seller/coder/provider you know in person or you know by activity on the forum.
Because if you purchased something so I may ask:
"Do you know the seller in person, or you are familiar with him on this forum?"
If you say: "Not" so it will be very strange case for me ...
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There are a lot of professional and honest users/coders/providers on the forum, and some of them are very active here helping to the other people and replying on the forum posts/requests. Always choose the person you know in this forum (who is very active here), and you will have much less problems with anything. But if you select "anyone" (any provider which you do not know in person or you do not know him on this forum) so - it is your choice sorry.
While checking top-rated signals, I noticed different signal accounts (with different names, brokers, ...) are placing exactly the same trades — same symbol, same direction, same timestamps.
It looks like the same strategy is being sold multiple times as separate “top” signals. Maybe this is allowed, but it doesn’t feel very fair — especially for people who think they’re choosing between different strategies or diversifying risk. Not fair to the person who owns the original strategy when others are profiting from it.
I’m not trying to attack anyone here — just sharing what I found and honestly a bit disappointed that the platform doesn’t do a better job checking or labeling these cases.
Nothing prevent someone to use the same Expert Advisor or even the same external trading strategy signal for trading and then provide it as a signal. It's how the trading world is, and that's nothing related to the platform or this site.
If it's not prohibited, why would it be monitored and caught? The strategy generates significant profits, and that's what matters most to potential subscribers.
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While checking top-rated signals, I noticed different signal accounts (with different names, brokers, ...) are placing exactly the same trades — same symbol, same direction, same timestamps.
It looks like the same strategy is being sold multiple times as separate “top” signals. Maybe this is allowed, but it doesn’t feel very fair — especially for people who think they’re choosing between different strategies or diversifying risk. Not fair to the person who owns the original strategy when others are profiting from it.
I’m not trying to attack anyone here — just sharing what I found and honestly a bit disappointed that the platform doesn’t do a better job checking or labeling these cases.