, great tips!
I would also like to emphasize the importance of deposits and withdrawals issue:
When you see that an account made 13,000% percent already, but he has only $100 in his account, and deposited $100,000 and withdrew $999,900, that should give you a red flag.
I am over-exaggerating on purpose, but you really should not pay attention only to the percentage, as many really do.
Having said that, I want to state my set of rules, hoping it will help you or you could sympathize with it and remark on it:
1. Look carefully at the amount in the account. If it is less than what you're willing to put, don't go for it.
2. Look how many months the account has lost in the past 12 months. If it is a number you cannot cope with, don't go there (it doesn't have to be 0 losing months, but for me more than 3 losing months per year, no matter the amount, is just the statistical and psycological red line).
3. Profit factor - a major issue to look at, for signal seekers. Because of slippages and other technicalities, our account will not perform exactly as the signal account, so we want to make sure, no matter the risk we set, that at least we will have enough margin of error and still be profitable.
So my profit factor suggestion is to look for 2.0 and above, not less than that. Ever.
4. Check the monthly bar graph. Estimate how much money (or percentage) you would make each month on your own money, and deduct the monthly signal subscription from it. Verify that is a number you are satisfied with.
5. Use the advanced search criteria. My search criteria are: REAL accounts, which are around for at least 6 months, with drawdown below 50%. Then I go over the list, sorted by percentage, but I disregard immediately every account which doesn't hold my 1-4 rules.
Number of pips does not matter, price does not matter and number of trades do not matter.
I was reading some of the previous posts here and was really sorry to hear that people lost money using the signals there.
Following the above set of rules and sticking with the same signal for at least a quarter of a year without canceling or moving away and trying something new, should give you ease of mind and satisfaction.
You may even subscribe to several signals at a time, as long as you keep each signal attached with a different account, and don't deviate from the rules.
Don't let large numbers, great looking graphs and on-the-spot decisions to fool you!
Best of luck!
Full Disclosure: I am a signal provider in Signal Start. My set of rules is used to locate my own, but also others who perform better than me, to invest with them and diverge my portfolio.