Prostheses control using electromyography signals have shown promising aspects in various fields including rehabilitation sciences and assistive technology controlled devices. Pattern recognition and machine learning methods have been observed to play a significant role in evaluating features and classifying different limb motions for enhanced prosthetic executions. This paper proposes feature extraction and evaluation method using intramuscular electromyography (iEMG) signals at different arm positions and hand postures based on the RES Index value statistical criterion method. Sixteen-time domain features were selected for the study at two main circumstances; fixed arm position (FAP) and fixed hand posture (FHP). Eight healthy male participants (30.62 ± 3.87 years) were asked to execute five motion classes including hand grip, hand open, rest, hand extension, and hand flexion at four different arm positions that comprise of 0°, 45°, 90°, and 135°. The classification process is accomplished via the application of the k-nearest neighbor (KNN) classifier. Then RES index was calculated to investigate the optimal features based on the proposed statistical criterion method. From the RES Index, we concluded that Variance (VAR) is the best feature while WAMP, Zero Crossing (ZC), and Slope Sign Change (SSC) are the worst ones in FAP conditions. On the contrary, we concluded that Average Amplitude Change (AAC) is the best feature while WAMP and Simple Square Integral (SSI) resulted in least RES Index values for FHP conditions. The proposed study has possible iEMG based applications such as assistive control devices, robotics. Also, working with the frequency domain features encapsulates the future scope of the study.