As of 12122024 I have selected 157 signals from mql5 signal list. I had the following criteria Max Drawdown 40%Min 1% Profit per monthmin 50 trading weeksmin 1.5 profit factor Here is the list of 157 signals in an excel file. (I will attach the file here.) Every month I will update the results excel below. You would see the date and end result…. Enjoy 157 Signal report file is just up in the link…
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How to Select Best Signals?
The Sharpe ratio is interpreted as follows:Sharpe Ratio < 0 Poor. The strategy is generally unprofitable.Sharpe Ratio < 1.0 Undefined. The risks are not justified. The use of such strategies can only be considered when there are no alternatives.Sharpe Ratio ≥ 1.0 Good. If the Sharpe Ratio is higher than one, it means that the risks are justified by the portfolio/strategy performance.Sharpe Ratio ≥ 3.0 Excellent. A high ratio indicates lower probability of losses in…
Read MoreTest for Telegram Forex Signals Part II
Test dates: 01-06-2023 to 01-12-2023 Telegram Channel Name: XAUUSD (Gold) Master Subscriber 1,700 users Total Trades: 460 Short Trades (won %): 249 (32.13%) Long Trades (won %): 211 (36.02%) Total Deals: 920 Profit Trades (% of total): 156 (33.91%) Loss Trades (% of total): 304 (66.09%) Largest profit trade: 218.72 Largest loss trade:-72.85 Average profit trade: 6.70 Average loss trade: -5.63 Maximum : 11 (18.59) Maximum consecutive losses ($): 20 (-111.70) Maximal : 442.55 (7)…
Read MoreBest Examples for Signal Trading
https://ugurcandan.com/mql5-signal-tracking-key-stats-per-month/ Link is the key stats of for the 196 signals that I am following. As of 28/May/2023: out of 195 tracked signals 77 discontinued. 32 in monthly loss with average -16%, 86 of them in monthly win with average +8%. 23 of them (best of the best) have a monthly gain of +20% in average. Ok one might have 20% monthly gain but is this a sustainable model? how does the growth look like…
Read MoreMQL5 Signal Tracking–Key Stats per month
I sellected 168 both paid and free signals and I wonder how successful they will be. Here are the results. I would update the output file as we go. Main aim is to find most relevant key stats to measure future success of a signal. Lets see where we will end up. Some have asked How I have compiled the info into such a detail. You just need to automate a Parser and I…
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