First of all, you need to know which kind of system do you want to use/to buy. There are martingale, hedging, old classical systems and so on. It depends on your deposit size, your personal preferences and risk understanding.
Because please note: the ranking on the signal page is just a sorting only. It means that if the signal ID is on the first position in pips calsulation rating so it does not mean anything. It is just a sorting only. Same with other ratings such as Weekly pips, Total USD and so on. It is the sorting only.
Next step to select the signal: you should go to advances stats page. And you can see the equity, balance, max/min lot size, max/min active trades (max/min simultanious open trades) and so on.
In most of the cases we can easy understand which kind of system the seller is using looking on those parameters.
- If it is difficult to know or to understand - ask on this section:
RentaSignal Service and Elite Section Discussion - Forex Trading
- If you need some more stats - ask moderator of RAS to make the stats using Igorad's indicator with the broker you want: this indicator is something more precision tool than advanced stats.
Example.
Please find some example concerning Frank_mod EA (ID #86):
select_the_signals_2002_1.jpg
So, we can see the following:
Can we use 1,000 minimum deposit to trade EURUSD only as we see max lot size 0.64 and max active trades as 9, and if we see floating drawdown about 1,000 dollars?
No, we can not. The initial deposit should be more than 1,000 anyway.
So, just use 'Filter' to place the other initial deposit size.
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Some sellers are using 0.01 lot size only and no more than 3 or 4 simultanious trades. In this case you can use lot multiplier so see the stats/equity/drawdown and so on.
So, basicly, selection of the signals to use is the following:
- personal preferences;
- advances stats playing with initial deposit size, lot multiplier, symbol to use.
- stats images made by moderator by using Igorad's indicator (same case but it is very precision stats).
If you have some difficulties to select something, or to understand something so ask the people on RAS section of the forum, or ask moderator of RAS to explain it.