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What is your most important factors when choosing signal to subscribe?
Mar 28, 2019 at 08:55
1,300 Views
14 Replies
forex_trader_578006
Member Since Nov 11, 2018
9 posts
Mar 28, 2019 at 08:55
Hi traders, are you subscribing any signals? If you do, what is the main factors you consider when choosing the signal to subscribe?
Please sort in order.
1. Low Drawdown
2. Trader own capital
3. Monthly gain
4. Longer trading record.
5. EA/Manual
6. If they are using the same broker
7. Strategy
Please sort in order.
1. Low Drawdown
2. Trader own capital
3. Monthly gain
4. Longer trading record.
5. EA/Manual
6. If they are using the same broker
7. Strategy
May 27, 2019 at 11:53
Muscat posted:
1. Proof of results
2. Customer support
3. Consistent long term results with low draw down
4. NOT martingale / grid trader
5. Method of signals (email, telegram etc)
6. Hours of trading
7. Price
all very good points to look for, personally i prefer to learn for myself rather than use signals
Member Since May 28, 2019
9 posts
Jun 07, 2019 at 10:11
1. Strategy
2. Low Drawdown
3. Longer trading record.
4. Monthly gain
5. EA/Manual
6. Trader own capital
7. If they are using the same broker
2. Low Drawdown
3. Longer trading record.
4. Monthly gain
5. EA/Manual
6. Trader own capital
7. If they are using the same broker
Member Since Jan 05, 2016
1097 posts
Jun 09, 2019 at 23:45
(edited Jun 09, 2019 at 23:46)
I honestly don't understand how anyone can be so to actually pay for a trading signal.
Signals are a waste of time and a rip off.
Why anyone would give control of their trading account to a total stranger is beyond me.
People who sell EA, Bots, and signals are bottom feeders who make money on the false hopes and dreams of others, always promising big returns, but usually only providing big losses and blown accounts.
If they were actually making a lot of money with their own trading, they wouldn't be selling their crap to other people.
Select a reputable broker with strong regulations and a guarantee of asset protections, and learn to properly trade.
Signals are a waste of time and a rip off.
Why anyone would give control of their trading account to a total stranger is beyond me.
People who sell EA, Bots, and signals are bottom feeders who make money on the false hopes and dreams of others, always promising big returns, but usually only providing big losses and blown accounts.
If they were actually making a lot of money with their own trading, they wouldn't be selling their crap to other people.
Select a reputable broker with strong regulations and a guarantee of asset protections, and learn to properly trade.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jun 10, 2019 at 10:43
Professional4X posted:
I honestly don't understand how anyone can be so to actually pay for a trading signal.
Signals are a waste of time and a rip off.
Why anyone would give control of their trading account to a total stranger is beyond me.
People who sell EA, Bots, and signals are bottom feeders who make money on the false hopes and dreams of others, always promising big returns, but usually only providing big losses and blown accounts.
If they were actually making a lot of money with their own trading, they wouldn't be selling their crap to other people.
Select a reputable broker with strong regulations and a guarantee of asset protections, and learn to properly trade.
That's not entirely true actually. One thing are signals that are emitted according to the market trends. Anyone can take a wild guess and say they have powerful and successful trading signals. This is just like those people that publish content about the crypto value/price of the week and use as a reference "an analyst", without saying names.
The other thing are traders that actually make a living on trading, and have built a successful base of clients. Traders like the people on https://learn2.trade/ are people who actually incentivize users to create an account and make an initial deposit to receive free signals.
I think that's a bold statement of yours, and I actually ponder if you've used any signal provider at all.
Bots and people who promise big returns I agree with you, those people are the ones who are trying to make a quick buck on desperate people who also want to make a quick buck, but you can't take all the people who actually try on this niche and base on "bottom feeders".
Member Since Jan 05, 2016
1097 posts
Jun 11, 2019 at 01:16
JuanJoel posted:
I think that's a bold statement of yours, and I actually ponder if you've used any signal provider at all.
Bots and people who promise big returns I agree with you, those people are the ones who are trying to make a quick buck on desperate people who also want to make a quick buck, but you can't take all the people who actually try on this niche and base on "bottom feeders".
I stick by my original statement.
People who sell EA, Bots, and signals are bottom feeders who make money on the false hopes and dreams of others, always promising big returns, but usually only providing big losses and blown accounts.
As a professional Quant with 30+ years of experience in the industry and more specifically the technology sector, and after having done extremely in depth analysis of thousands and thousands of signals being provided by people, I have yet to encounter a signal provider which truly lives up to the expectations of the investor or is truly able to live up to the hype that they profess to their potential clients.
I have personally tested tens of thousands of EA and similar bots on just about every type of investment terminal available, and I can say that with absolute certainty that NONE of them work over the long term because they cannot truly adapt to the vast conditional presented in the markets.
While I readily admit that there are some signals and publicly available bots that will indeed make money, in the end however 100% of them will fail and lose money because they are absolutely incapable of adjusting to the actual conditions that the market presents.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jun 11, 2019 at 10:00
Professional4X posted:JuanJoel posted:
I think that's a bold statement of yours, and I actually ponder if you've used any signal provider at all.
Bots and people who promise big returns I agree with you, those people are the ones who are trying to make a quick buck on desperate people who also want to make a quick buck, but you can't take all the people who actually try on this niche and base on "bottom feeders".
I stick by my original statement.
People who sell EA, Bots, and signals are bottom feeders who make money on the false hopes and dreams of others, always promising big returns, but usually only providing big losses and blown accounts.
As a professional Quant with 30+ years of experience in the industry and more specifically the technology sector, and after having done extremely in depth analysis of thousands and thousands of signals being provided by people, I have yet to encounter a signal provider which truly lives up to the expectations of the investor or is truly able to live up to the hype that they profess to their potential clients.
I have personally tested tens of thousands of EA and similar bots on just about every type of investment terminal available, and I can say that with absolute certainty that NONE of them work over the long term because they cannot truly adapt to the vast conditional presented in the markets.
While I readily admit that there are some signals and publicly available bots that will indeed make money, in the end however 100% of them will fail and lose money because they are absolutely incapable of adjusting to the actual conditions that the market presents.
So with all your experience have you developed a bot that can trade successfully in the long term?
Member Since Jan 05, 2016
1097 posts
Jun 11, 2019 at 10:27
Enyinnaya posted:
So with all your experience have you developed a bot that can trade successfully in the long term?
Would it matter if I said yes? I could just as easily be lying about it.
In reality I do have a number of tools that I have created for my own use.
I do not sell anything, nor will I help manage any funds for anyone.
Basically I use MTF (multiple time frame) analysis to determine the short term, mid term, and long term trends.
I trade with a 30pip stoploss, if the trade goes beyond 30 pips it's a bad trade, and I just kill the ticket and wait for the next setup. If the price comes back up, then I will open a new ticket in place oft he one that I just closed.
I use 50% to 75% of the daily ATR for my takeprofit level.
I trade small ticket sizes, and then step additional tickets into my trade basket as the previous trade goes into profit.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
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