To be trading signal provider you need to think about what customers is looking for

Here are some guides:

Profitability – Consistent, low drawdown results is always tops of the requirement list

Risk control: Customers are looking for signs that the trader will know what to do when things do wrong

Simple: Customers are looking for simple strategies that do not involve too many open deals

Low Capital: Traders are looking for strategies that require smaller accounts

What you will receive if you need our and your customer needs

Free membership of the Premium Forum

You will receive $10 per customer linking a live account linked to your personal signals (Limit 1 account per IP address or customer) – This will go up to $20 when there are more than 10 live accounts linked

Payments will be made 7 days after the end of each calendar month

Your account will need to meet the profitability and drawdown requirements for a period of 25 trading days to qualify for the monthly payments.

The above payments will be finalized in more detail closer to the launch

How will you get clients to link to your account?

Our Marketing efforts will support your efforts

  1. As you can see below there are over 40 000 free forum members
  2. There are 9 000 paid and free members in the Premium forum
  3. There are over 55 000 You Tube Subscribers
  4. Once the service is active there will be regular YouTube videos and emails about the service

So your job is to focus on producing great trading accounts to link to.

 

How to apply:

 

  1. Create a 25-trading day trading record
  2. Add your account to the Expert4x Potential Signal Providers FXBlue list (Link to be made available in early August)
  3. Email Expert4x with the following details:  1.)  You FXBlue username on the FXBlue list 2.)  The Trading Robot used  3.)  A full description of the strategy used   4.)  A description of what you will do if the strategy starts making drawdowns  5.) In general, how you are managing position sizing and drawdowns

We will review your trading records and if successful your account will be added to our list of accounts Forum members can link to

You account may not immediately successful for many reasons. It many lack the consistency required as represented by equity charts. In most cases we may ask you to trade for a few more weeks to see if your results improve.

Trading Results and Trading Standards

 

Generally trading records that show low drawdowns of not more than 20% over a 25 day period and profitability of not less than 15% will be considered. Those standards will need to be maintained and should they drop below the above standards you will be able to continue trading the account to repair it. The account will however not be listed.

Drawdowns will take be regarded as the percentage difference between your account balance and your equity balance at any one time

Robot Trading Ideas

 

ONE: Use robots that allow traders to join your service without complications. If your service has many open trades it makes it difficult for clients to join. The Grid Trend Multiplier or even the Profit Retriever for instance creates and collection of open trades that close when the total of the open trades is optimal. This makes a client joining at any time tricky.

So consider Robots that have daily close of all trades like the Trend Trader and the Make Money Day Trader so any new trader can simply join before the start of new trades the next day

Our copying software will be designed to only start working at the best time for the client (at the point when there are no open trades and a new new one is starting) so this will help.

 

TWO:  It is better for clients to use a few accounts in this service and put all their eggs in 1 basket. Generally clients have small live accounts. So try to use small trading accounts for your trading linking accounts - the smaller the account you use the more likely clients will link to your account - so try to use $500 to $1 000 accounts. Big accounts of $10 000 will hardly be traded and merely changing lot sizing can cause a big loss in efficiency

 

 

THREE: Drawdowns and Risk control is the most important elements of such a service as new clients do not want to join a service only to immediately experience a 20% drawdown after a successful run. So focus on that.

Sadly client join at the end of a successful run and leave at the end of a big drawdown. You need to keep your clients confidence for a long period

 

FOUR:  Certain Robots are good for hedging. So allow trading to occur in one direction on 1 account or chart and trading to occur in the opposite direction on another account or chart - consider creating small portfolios of hedging of complimentary robots

 

FIVE: Portfolio options - Try to list a number of accounts in the service that will allow packaged portfolio options that spread risk. Certain portfolios can spread risk by hedging or trading different strategies (Trending and sideways market strategies)

 

SIX: To get yourself started simply use the already supplied free and paid settings and adapt them for smaller accounts - even beginner traders can do this as part of their setting testing process

QUESTIONS

Please use this link is you have any comments or questions about the Signal Supplier service

 

https://www.forextradingsetups.com/linking-account-signal-providers-913743