To use chat, please login.
Back to contacts

comparing signal providers and EA... and where to find the best?

sinfronteras
Feb 19 2016 at 20:37
2 posts
Hi there,

I'm new here, in Forex as well.

As I do have a day job which requires most of my concentration, I would like to trade automatically, in order to keep my positions open at night as well. As far as I can see, there are two options: Expert Advisors and Signal Providers.

What are the (dis)advantages of those?

And where to look for the best? This site contains completely different EA's and signals than the MQL4/5 community pages. Is it a silly question to ask my broker?

Thanks for your input,

sin

vontogr (togr)
Feb 21 2016 at 11:34
4862 posts
Hi sin,

If you put Ea on your account you should have complete control over the trades.
With signal following you will just mirror the trades without such control

koval
Jun 17 2016 at 07:00
37 posts
Hello

You can check this side www.consiliuminvest.com/strategies

The show all transaction and you can check full history for last few years. You can follow one strategy or few of them.
 First few weeks is for free :)

Magixs (Magiic)
Jun 17 2016 at 07:52
435 posts
I wouldn't sign up to a new signal before next week, wouldn't trust a stranger to trade through the Brexit.

koval
Jun 17 2016 at 08:04
37 posts
@Magiic I agree with you 100%. Brexit will be very tricky time. Better just wait for next week.

wiseinvest
Jun 17 2016 at 10:35
127 posts
I think, most managers worth their salt, will be wise and cease trading for a day or two.

My accounts will ALWAYS show high DD. This is done purposely to maximize our withdrawals every week.
Magixs (Magiic)
Jun 18 2016 at 16:54
435 posts
wiseinvest posted:
I think, most managers worth their salt, will be wise and cease trading for a day or two.


I think the same wiseinvest, no one should go into with positions unless there size is that small that large move would not damage the account, I just don't see why anyone would sign up for a few days performance and trust the person they don't know. FX already has leverage, and the Brexit magnifies that leverage which is scary.


Frank
RedRhinoFX
Jun 18 2016 at 17:00
395 posts
before you decide either, you should learn about the trading systems others offer or sell. This article was focused on martingale, a pure gambling methodology. It's a great way to lose money, please take it seriously - https://redrhinofx.com/junk-signals/

HedgeFundManager
Jun 18 2016 at 17:40
5 posts
@wiseinvest A day or 2? I've been trading for over 15 years and I have no intention of trading until after the vote next week. So I'll actually be taking the week off.

Put all your energy into changing your habits and you will change your life.
Eino (icepower72)
Jul 04 2017 at 10:03
13 posts
how can I recognize a good signal provider?

Please login to comment .