Strategy details of signal provider
I think it should be compulsory for signal providers to write basic detail about their strategy and instructions for followers.
Usually followers keep asking it in forum and no one replies or replies late. So if basic information is given and checked by fxstat quality control department then signal followers will feel comfortable.
I dun think it is possible to write details of strategy. Basic information can be given. But I dun feel that it must be compulsory. Signal followers can easily ask it in forum or by adding signal provider as connection in fxstat.com
The good or ill of a man lies within his own will. – Epictetus
My point is that if basic detail about strategy is provided then signal followers can complain in case they feel that there is a big difference between told and actual strategy.
i always change my trading strategy when the market condition changes.....
especially in situtations like now when nobody knows what will happen the next day
I agree with ironical and sebastian. I dun think it is possible to keep ur strategy fixed. Signal followers only need to make sure that they r following a safe strategy. If a signal follower feels that change of strategy is from less risk to high risk, they can simply discuss it with signal provider or fxstat quality team.
Stick to your rules
I dun think. Strategy details shouldnt be compuslory for signal provider. If signal provider feels that providing details can help signal followers, he should but it totally depends on him.
I support this suggestion. Those who do not agree, I think u havnt understood the suggestion. It is not about writing "each and every"detail about strategy. It is just that a signal provider should tell his followers about capital investment and lot size acoording to that investment, max trades per day or max trades at one time. If possibe then a little about strategy for example , technical analysis or PA or fundamental etc.
So I think the basic things should be told.
The point is that even basic strategy cannot be told in most cases bcoz of constantly changing market conditions. Traders have to change their TP, SL, max open trades and other things according to what they feel is right in present situation. I agree that some traders can write basic details bcoz their trading style is different and they do not have to change all these things.
So it is not possible for all signal providers to write basic details. Some traders dun feel comfortable to publish even basic details.
The good or ill of a man lies within his own will. – Epictetus
I am in support of this suggestion as long as providing details is not a compulsion.
People like it but we dun have a "single" like so far. Me too havnt clicked like yet. I am going to click it now and u do it too![[grin]](/themes/default/images/smiles/grin.png)
Originally posted by illiterateI am in support of this suggestion as long as providing details is not a compulsion.
I am not in support of giving all details about ur strategy. My point is that strategy owner should give basic details so that user can know before investing.