Discussion of article "Tips for Selecting a Trading Signal to Subscribe. Step-By-Step Guide"

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New article Tips for Selecting a Trading Signal to Subscribe. Step-By-Step Guide has been published:

This step-by-step guide is dedicated to the Signals service, examination of trading signals, a system approach to the search of a required signal which would satisfy criteria of profitability, risk, trading ambitions, working on various types of accounts and financial instruments.

Trading on financial markets is a pretty large sphere which involves a lot of people and a lot of valuable assets. Successful trading in your preferred market sector requires its deep analysis, further development of your own trading system and, of course, acquisition of steel hard discipline and composure. Some people do not have time for this, but they have an aspiration to make their financial means work and provide a benefit. The Signals service of the MQL5.com site helps to solve this problem. This article is dedicated to the system approach to the search of a required signal which would satisfy criteria of profitability, risk, trading ambitions, working on various types of accounts and financial instruments.


Trading Signals Service

Let's consider initial searching tools on the Signals service page.


Fig.1. Homepage of the Signals service

Fig.1 shows three main areas:

  1. In the first area you can select a terminal — MetaTrader 4 or MetaTrader 5 — where the service will be used.
  2. The second area offers a list of manuals and tutorials devoted to trading signals.
  3. The third area allows to see top rated systems in each category for both terminals.

Here it is important to select a necessary category, i.e. a list of offered signals for your trading terminal.

Author: Alexander Fedosov

 
Good article....
 
And how to see/understand/guess/know that the initial acceleration is done in order to change the initial lot (e.g. 0.01) to a larger one, for greater profitability or for a sharp withdrawal of accumulated funds?
 
Andrey Filimonov:
And how to see/understand/guess/know that the initial acceleration is done in order to change the initial lot (for example, 0.01) to a larger one, for greater profitability or for a sharp withdrawal of accumulated funds?
No one can see the future.
 
Andrey Filimonov:
And how to see/understand/guess/know that the initial acceleration is done in order to change the initial lot (e.g. 0.01) to a larger one, for greater profitability or for a sharp withdrawal of accumulated funds?
In my understanding, the initial acceleration itself is a disadvantage when choosing a trading signal. And it is done most often for one thing - to sharply increase the total profitability to rise in the rating. Overclocking is always a huge risk.
 
In my opinion
Signals are very risky
The EAs (back tested) are mutch safer and flexible
 

Informative.

Thank you.

 
very helpful article
 
I believe that the size of the maximum drawdown should not exceed the size of the average monthly profit, while the lifetime of the signal should be at least 3 months. Such a signal will not necessarily have a high rating. Signals with a high rating, as a rule, have a long lifetime, are considered reliable, but have relatively low profitability. They are more often preferred by subscribers with large funds. You should also pay attention to the drawdown at which the provider closes trades. If the provider has everything going well so far, and he has 100% profitable trades, you will not know at what level he is psychologically able to stop the drawdown, if everything goes wrong, as he assumes. And this, sooner or later, will happen.
 
good article!
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