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I agree that the simpletrader market place needs to be cleaned up. Minimum 10,000 USD. No cents accounts. Minimum 6 months....12 months better for history. Myfxbook linked and verified. Need quality signals and not just any signal. And must be with a reputable broker.
The proportion of signals that blow with less than 3k than to signals with over would be enormous.
Just look at the guy that runs Caesar and Pipster. He has had so many signals. He just runs multiple EAs on different settings for 3 months then bam puts them on the marketplace until they blow. He loses way less than he makes from signals for each one and he runs multiple signals
Yes.... tis true that amount does not mean that it won't blow out. But another thing too....signal providers should also be required to have no hidden areas in their myfxbook either. So all info needs to be seen for full transparency.