SharePosts by jagui
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Can signal provider see the list of their subscribers?
Is there any page where signal providers can see subscriber's volume?
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This page says that I have the first live subscriber:
http://www.myfxbook.com/autotrade
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I didn't mean SO selective :-)
Currently the selection process is not that bad, signal providers already have a live account showing at least several months of real performance, and the quantitative selection criteria make sense.
I just would add another selection layer, based on qualitative observation of the provider's trading style.
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I think the most important thing now should be including only the very best providers.
It's pointless having dozens and dozens of providers, the selection is what can most differentiate myfxbook from others.
The value is in the selection.
These are some providers that I think should be removed:
http://www.myfxbook.com/members/maxpro_vn/ping-ea-hung/461335
http://www.myfxbook.com/members/myfxpedia/project-500-pips-month/420510
http://www.myfxbook.com/members/spoteuro/spoteuro-llc/185926
http://www.myfxbook.com/members/stevecyc/steve-fxcm-907/230948
The equity yellow line is suggesting the pr......
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You're right, drawdown is as important as than %win and %avg_win vs %avg_loss.
It should be the first thing to look at.
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I tested tradency as a signal providers several times in the last few years. Every time I started a test I stopped it after a few days because, stated simply, the platform just doesn't work.
I used their MT4 bridge EA and every time the trades reported on the platform were different from the trades in my account, in some cases VERY different. I don't trust this platform. Maybe the only way to use it for good is by entering the trades manually, I don't know.
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Please note that my account has more than 50% winning trades AND average winning trade > average losing trade.
As a statistian, I can tell you that these are the two most important numbers to look at, beacuse:
E = P_win * A_win
=> Expected outcome = Probability of winning * Average winning
I hope to continue with these results for a long time.
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I'm very happy that my account has been approved as an AutoTrading provider... that means that myfxbook staff think that this is one of the best account here 'We hand pick the best accounts only' 'We allow only proven track records as providers'.
[lol]
I've been trading from 1999, that's almost 14 years. I paid my tuition to the markets by blowing a couple of accounts in the early years, then I had many break-even years, and finally some proftable years. After two profitable years I decided to publish my account here, with the goal of reducing drawdown while aiming at 5% average monthly gain......
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Thank you sekatsimorez.
As this is a discretionary strategy, there is no way to answer your question with certainty.
Howeverer I think that looking for more TP and more SL will cause the strategy to stop working, because I look at intraday key levels to set TP and SL, and these levels cannot be modified arbitrarily.
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What do you think?
I'm feeling like I found my way, let's see if I can continue until a full year...
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