Your suggestions r absolutely correct. We have to manage our risk. Signal provider will be trading according to his style so sometimes he might take big risk. Fxstat has given many options to manage risk and money. We should use these options wisely.

I'm signal provider, and I have in my profile information about money management risk, I really don't like people loose money, I have gains and loss like everybody, but with a right money management we go up!. Fxstat should recommend signal provider put at their profiles the correct information for their followers....

No one will want to loose reputation. So signal providers try their best to maximize profits. But sometimes when a signal provider has more than one account, he may try to use new strategies and thus loosing money.

Originally posted by mikjurado

I'm signal provider, and I have in my profile information about money management risk, I really don't like people loose money, I have gains and loss like everybody, but with a right money management we go up!. Fxstat should recommend signal provider put at their profiles the correct information for their followers....

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Usually signal providers provide information about their trading style and min investment needed to follow him. Fxstat has written it in Faqs that it confirms that signal provider is not using risky trading style.

There is one more thing to keep in mind that even if signal providers r trying to take risks, they will take it with minimum lot. Usually signal providers trade with large capital and small losses do not affect their trading graph much. Whereas signal followers usually trade with less capital so small losses affect them more. But in the end signal followers can minimise risk by applying good risk and money management.

Originally posted by Champ

There is one more thing to keep in mind that even if signal providers r trying to take risks, they will take it with minimum lot. Usually signal providers trade with large capital and small losses do not affect their trading graph much. Whereas signal followers usually trade with less capital so small losses affect them more. But in the end signal followers can minimise risk by applying good risk and money management.

yes.lot size and capital investment r related to each other. Usually signal providers tell abt minimum capital and lot size req.

Well, I have to tell you my mistake has been getting good results with small lot sizes, then blindly going to much larger lot sizes (and multiple open positions in the same pair from the same provider) This caused me huge losses. Granted, it was my fault for not limiting the max open lots, but I think behavior like taking multiple unhedged positions, not setting consistent stops should be part of the stats we are looking at when adding a signal provider. Even after my losses, it hardly affected the stats, rank and standing of signal providers. It seems to take a lot of losses to even budge the numbers.

Somehow I think consistency and reliabilty of a signal should be factored into their ranking.As for the funds allocated feature this seems confusing as everyone handles risk differently. I find myself asking if I should allocate 1k per mini-lot?  Hmm...

I'm still looking for a good mix of consistent signals, lot sizes and way to allocate.  I think I'll stick to 1 mini lot per pair, 1 max open position per provider. I'm afraid I won't see much growth this way, but it seems to be the only way to play it safely.

I think its better to copare some of signal provider before selecting one this can give you wide picture of the market and never go for scalper because when you select scalper to follow at that time simiar problems occure always select a trader to follow which make at least more than 20 pips that. More than 20 pips measn trader is following some good technical system and on this target level if he did not apply stop loss than monitor you trader at your own.