New article The Easy Way to Evaluate a Signal: Trading Activity, Drawdown/Load and MFE/MAE Distribution Charts has been published:
Subscribers often search for an appropriate signal by analyzing the total growth on the signal provider's account, which is not a bad idea. However, it is also important to analyze potential risks of a particular trading strategy. In this article we will show a simple and efficient way to evaluate a Trading Signal based on its performance values.
The account balance and equity values of each signal are monitored
since the account registration in the Signals service. The difference
between these values is positive, if currently open positions show a
floating profit. But if the equity is less than the balance value, it
means that the trading account is having a drawdown or unrecorded loss.
Author: MetaQuotes Software Corp.
Thank you! I understand!
Everyone involved in forex, especially in expert advisors, should read this.