Discussion of article "Trading Signals in MetaTrader 5: A Better Alternative to PAMM Accounts!" - page 8
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I, for example, have already suggested that after each destroyed depo, the leakers should be given a temporary ban in the form of a ban on creating new signals in the service, for example, for 1 month, or even longer. This measure would at least partially slow down the process of clogging the service with signals with excessively risky TSs. But no one hears, because there are other opinions.
If you don't use it, it doesn't solve it. I, for example, am a rock lover and don't like clucking and finger-pointing rap. But rap doesn't interfere with my life, because I don't listen to it - I filter it.
But the lack of filters, for example, calculation of profit by balance, not by equity - this is really a problem that users are not able to solve, because nothing is filtered here.
A vivid example of this is the first place in the tops of the signals service for MetaTrader 5:
Now let's see what it actually has:
And we see there that the trader has already drained most of the initial deposit and all the funds he used to fund his account.
But the successful drainer IvanIvanov once again managed to bring his account to the first place in the rating and has subscribers.
How to filter this crap? It turns out that we can't use the service's standard tools.
But abolk and all sorts of others demand from developers what has been implemented for a long time, thus diverting the conversation and attention of developers from the real problems of the service, allegedly in order to save deposits of illiterate investors.
Yes indeed, that the service would be competitive, it is necessary to focus on the "ANALYTICS" of signals, it is Analytics that is a competitive advantage over other services,
I.e. first of all Balance and Equity, as many traders trade with big drawdowns, sit through losses, while the balance shows +,
and it would be better if they added "analytics" like on mayefixxbook, again drawdown by points, best-worst trade, maximum number of open positions, etc.
then the service would really be a strong competitor to PAMM and other services.
Competitiveness means high quality service. We need profitable traders, not sholupony from demo accounts. Let there be 10, 20, 30 signal providers, but those that will be used by thousands and tens of thousands of investors. Meanwhile, all these are toys that are nothing. IMHO
In principle, interesting traders have started to appear on the service, and the trend will grow, the problem is that to see a competent provider, you need to kill a lot of time to notice it,
First of all, as I said, it is "IMPOSSIBLE" to be the first in "Analytics" to be competitive,
and to weed out the "choluponny".)
For example my imho
Balance chart
Equity chart
Graph in points
Equity in points
Loss series also in pips add etc.
i.e. I think that the service just needs to focus on analytics, as "SIGNAL" is a "financial product" in itself, just like shares, they need to be analysed from start to finish!
Can I receive signals on my account with the terminal switched off?
i.e. I think that the service simply needs to focus on analytics, as "SIGNAL" itself is a "financial product", as well as shares, they need to be analysed from start to finish!
I support!
I have looked through several dozens of signals in the tops. My impressions are extremely negative - how many signals does a housewife need to review to choose something suitable?
Question for MetaQuotes - is analytics in the "Signals" service a priority? Or maybe the community should take it upon itself to make an additional resource with analytics on signals, if you can't get your hands on it in the next six months or a year.
I have reviewed several dozens of signals in the tops. My impressions are extremely negative - how many signals does a housewife need to review to choose something suitable?
Good signals are not necessarily in the tops.
To make it easier to analyse:
Now you can view signals that have a positive profit in pips and the number of trades is not less than 100.
And obviously, when viewing signals, also pay attention to other indicators: profitability per month, relative drawdown, recovery factor, difference between funds and balance, the presence of stops, etc., etc.
As a result, it will turn out that there are not so many normal signals as it seems at first glance.
Today I have selected the most promising signals with parameters for analysis:
There are only 13 of them left. The screenshot shows these signals sorted by profitability for the month:
After that, I download the history of transactions for the selected signals and conduct an additional check with my own tool:
Now there are only three signals left.
Today I have selected the most promising signals for analysis ... There are only 13 of them left.
Don't lead the gullible and naive into your authoritative analysis.
How can there be a promising signal:
a) demo
b) with a drawdown of 0.01%.
Have you ever - even for a long time - traded with a drawdown of 0.01%?
Do you understand well the difference between demo and real trading peculiarities?
How promising a signal can be:
...
Once again for the particularly gifted:
Reshetov:
Today I have selected the most promising signals for analysis
...
Promising for analysis does not mean that they are promising for subscription, but means that the signals that are obviously unpromising are filtered out as a result of selection.
It is up to the subscriber to decide how promising the remaining signals are for subscription.
I have only given an example of selection criteria that I use myself. But I do not insist that these criteria are the truth in the last instance. Any other subscriber can have his own criteria. It is my business to offer, his right to refuse.
Have you ever - even for a long time - traded with a drawdown of 0.01%?
According to my selection criteria, a signal with such drawdown was filtered out as unreliable, i.e. it was not included into the three remaining ones for further analysis, because the history of trades showed obvious over-sitting without stoplosses. Therefore, it is deliberately incorrect of you to accuse me of allegedly offering such signals to subscribers.
abolk:
...
Do you understand the difference between demo and real trading peculiarities?
Depends on what kind of real? There is practically no difference between demo and cent real. If you analyse the signals, there are no large reals on which you can notice a significant difference with demo.
A significant part of providers on so-called reals with pennies deposits, most likely trying to cover potential losses of high-risk trading at the expense of subscribers?