How to Evaluate Forex Signals (EAs)

[Robinson Osorio]

The following are the main criteria to take into account, before connecting to a Signal or Expert Advisor

1	Age >6 months	Must have more than 6 months on the market
2	No Frequent Deposits	Must not have frequent deposits
3	Profits	Must have a good earnings history
4	No Martingale	Your strategy should not be based on martingales. This may be the main criteria
5	Glide	It is advisable to look at it, although a high slippage can also favor our account
6	Monthly payment	The monthly cost of the subscription must be suitable for my budget
7	Suggested Deposit	The size of my account must be suitable for the signal to be connected
8	Maximum reduction <30%	The historical Drawdown must show a percentage lower than 30%
9	reliability	Reliability bars must be 3 or more
10	Negative Alerts	The system automatically generates alerts, which can tell us if it is a suitable signal for us.
11	Subscribers >10	Must have 10 or more subscribers
12	manage funds	The managed funds/subscribers ratio must show a good average per account connected to the signal

 

Additionally, and in a more subjective way review the comments, user rating and leverage according to our account.

Signal rating example

Date	7/2023 (edited by moderator)
Sign	Name of the Signal
Supplier	**deletd by moderator ***
Age >6 months	complies
No Frequent Deposits	complies
Profits	complies
No Martingale	No
Glide	complies
Monthly payment	complies
Suggested Deposit	complies
Maximum reduction <30%	complies
reliability	complies
Negative Alerts	complies
Subscribers >10	complies
manage funds	complies
Comments	Complies*
stars	Complies*
Chord Leverage	Complies*
comply	eleven
Qualification	92%

*Do not apply for qualification, as they are subjective criteria

Machine translated from original Spanish text, by moderator.

[Fernando Carreiro]

This is the English forum, so please post in English. Alternatively, you may post in the Spanish forum instead.

Also, please do not reference any Market products or Signals. That would violate forum rules.