I am new to Copy Trading and currently looking for reliable signals to copy. Obvious are facts to look out for like: - Only Real Accounts - Only Accounts that trade more than a few months - Max. Drowdown of 50% - Continuous trading and continuous small wins - no risky strategies like Martingale etc.
Do you have other things that you look for when searching for a signal?
Thanks for your help and please don't advertise for your own signals here!
hamster-turbo is also here om MyFxBook and you will find a description of the strategy. But the system does not use a classical money management strategy (Margin-Stop-Out). It is a very interesting gambling system for low funded accounts which uses a big leverage (in Europe and USA not possible) and very high stakes.
On the other hand: cTrader provides as sample a Martingale system which yields huge profits: A long backtest (2011 -2017) showed how you can become a millionaire starting with an account of 10.000 €. But it is still a Martingale (Drawdown 90%). There is always a point when you need the one lucky trade.
When you have some money for fun it is not worst alternative.
Protagor posted: hamster-turbo is also here om MyFxBook and you will find a description of the strategy. But the system does not use a classical money management strategy (Margin-Stop-Out). It is a very interesting gambling system for low funded accounts which uses a big leverage (in Europe and USA not possible) and very high stakes.
Thanks for your post! Why do you think it is a gambling system? The profits seem low but constant. And there are two different money management strategies in the description and the signal provider seems to do a great job using it. When you look at the history you can see a regular withdrawal and never too much risk. For example there are no trades during christmas holidays and before important decisions (like the FED).
I do not question the integrity of the signal provider and she is honest about her approach.
But in the last week she made of profit = 22.6 pips as a result of 4 trades und used 2.08 lots but the account has only a balance = 650 € or $. Basically low profits, also a low risks but when the risk event comes then it goes nuclear.
Even when there are perhaps reserves of 2.500 the lot size of a trade is very high. With such an balance i would never more invest than 0.05 - 0.1 lots. You have also to check yourself if a watchdog is limiting your leverage.
Betfair is a sports betting exchange and there you can back 1.01 events (win chance at least 100:1) but you have to invest 100 units to win 1 units (and 5% commissions on wins). Many people considers this a 'sure bet' but studies have show that such an approach is a looser.
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