I have been trading forex for a few years now but i am new to MQL5 and automated trading signals. My question is how to choose the right signal for your initial deposit? For my first attempt with a paid signal i was looking to have an initial deposit of USD 3,000 with this in mind i would expect to do a simple ratio calculation of My Equity/Signal Providers Equity (3,000/10,000= 0.33) to work out how much should be placed on each trade as a percentage of the signal providers trade, in this case i would be putting down 33% of each of the signal providers trades. This for me seems simple enough but then i can see the issue of minimum trade sizes if my theoretical provider puts a trade size of 0.01 would my signal copy this trade 100% effectively 3 times larger than i have planned for or would the trade be void? if the trade is not void do i then need to select a signal with a similar equity to my own account?
Thank you in advance for any help given.
You may look at calculator of the signals (in the end of the article) so it may help in some case for example:
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2016.08.18 16:38
Calculator of signals