MQL5 Trade Signals with Automatic Execution from MetaQuotes Platform/Software Corporation.
Signal Copy Trading
With so many signals providers out there on the inter-net, traders & traders might have a difficult time doing their own research to find a signal service that's provided by traders. One of the most frequently asked question is: Where can a trader find good trading signals that aren't expensive?
This lesson will answer this question:
Meta Quotes Platform/Software Corp. The company which owns MetaTrader 4 Platform Software has a xauusd gold signal service on their website (and on your MT4, Click ' CTRL+T ' key board keys, look for a red number in your MetaTrader Platform, below your account balance, there it is) where you as a gold trader can copy transactions provided by Experts. The good thing about this is that using MT4 and MetaTrader 5 the signals are automatically executed once they are generated & they are not expensive, only costing $20 - $30 a month.
Look at Top ranked MT4 traders below, all real accounts, the growth curves are shown - so you might have the question why would those that are profitable sell their trading signal? to answer you the top ranked signal service provider as is illustrated below has 4,539 subscribers charging $20 dollars subscriber fees per month that's $90,780 dollars additional profit per month. So extra profit for the signal service providers, while you copy their transactions & make profits on your account. The trades are automatically copied to your trading account using MQL5.com TET, Trusted Execution Token, you do not even need to be logged into your MetaTrader 4, once you subscribe, leave execution to TET model - MetaTrader Signals, you'll just be signing into your platform software to monitor the progress. The method and strategy for setting up your market trading activity with signal service providers is illustrated below.
Where to Get These Signals on Your MT4 Platform Software
How it works:
Beginner Traders
Beginners sign up & begin following experts by copying their live trading signals, trades are copied and executed automatically on your account through MQL5 T.E.T., Trusted Execution Token: once the expert opens or closes a trade and there is no need for manual trade execution on your part.
Experts
Experts sign up & setup their live signals service through MT4 and MT5, others then copy and follow your trade strategy and you earn additional profit from them & for yourself.
Signals Service Provider That Traders can Subscribe from the MQ5 Signal Service
Choosing Signals - List of Ranked Signals
Choosing The Best Copy Signal From The Many Signals
To select one of the trade signals, first go to www.mql5.com/en/signals page which has a listing of all the trading signal service providers.
Get a ranking of the top signal service providers, these are monitored trading accounts that provides traders with thorough reports and also the transactions trade transaction history of the profitability of a particular copy signal service.
There are 2 different types of signals services to select from, these are:
- Top MetaTrader 4 Signals
- Top MT5 Signals
The one you choose shall depend on which of above software you are using, choose a provider according to the one you are using.
Once you've decided which signal to choose from, there are 3 other parameters which you as a gold trader can use so that to help you as a trader decide which is best for you:
% of Profit/Month
The percentage profit per month highlights the most lucrative signal among the top rated trade signals. The higher the profit % the more profitable.
Length in terms of weeks
This is total number of traded weeks. The longer the duration is, better the trade strategy.
Number of Trading Signal Subscribers
You might want to base your signals selection based on the decision of other traders or try out a new one that has fewer subscribers but has a high profit %.
Signals Online - Review of Signals - Copy Signals Online - Signal Copy Trading
Graph of Ranked Trade Signals - Based on: % of Profit Per Month, Length in Weeks and Number Following Each Strategy
How to Subscribe to Signals
To subscribe to any trading signal from any trading signal service provider, all a trader requires is to have the required amount of credits so as to start copying a particular signal service provider. Credit Points is what is used. To get credit points all a xauusd trader has to do is to register and make a payment & the payment will then be converted into credits. These credit points are then used to pay.
1 Credits is equal to $1, for Examples on screen shot below 20 and 35 credits are required to subscribe to the live trading signals shown below. Once you as a trader obtain the required number and amount of credit you then can join the others.
Credit Points Required to Subscribe to Signals
Connecting Signal Providers to Your Trading Software
Once you have signed up, all you have to do is to choose a signal service provider, connect to their service and all trade positions generated by expert traders are automatically executed in real time on your account, it's as simple as that. There's no need to manually execute trade transactions or to manually set signal alerts, the deals generated are live and automatically executed in real time by the MQL5 trade signal system.
All signals providers are screened month to month & only the profitable ones are allowed by system to setup a subscription. Those which aren't profitable are filtered by system and these don't pass the screening & can not setup subscriptions within system.
Three things required to begin:
- Sign up an MQL5.com Account
- Specify Your Broker: available brokers listing is provided when logged in.
- Account Number on Online Brokers' server (Password isn't required) .
Table below illustrates an illustration with details and particulars & particulars of the number of trades, amount of pips in profit, number of those copying & pasting, the trading account balance & profit graph.
Listing of Available Selections of Signal Service Providers From the 'Toolbox'
After fulfilling these above three requirements, they'll then sign in to MT4 where they'll get a list of all providers such as displayed above. One can then choose any from the list.
Finish the process by filling out details and particulars on the following form which will then appear.
Procedure for Setting Up Realtime Signals
After entering in the above details, a trader will now set ' Enable real-time subscription ' by checking(ticking) this option. This will enable real-time trading to start executing. One also is required to check ' Agree to the terms of use '. These 2 options are shown below.
To access to the panel below, Go to the ' Tools', Next to " File, View " at the top left corner of MT4 Software Platform. Press Tools >>> Click Options, the panel below will appear, choose ' Signals ' tab and check the setting illustrated & shown below.
RealTime Setting - How Do I Set Up These Trading Market Signals
After entering in above data, setup will be complete and the signals will start to execute upon pressing ' OK ' button.
For more details and particulars on how to subscribe to signals and where to find more information on a trading signal service provider whether you're interested in daily signals or XAUUSD scalping signals, read these 2 tutorials:
Why Choose MQL5 Signals Service
High Security Settings - Providers work in test mode for a month and only the ones that pass the test are allowed to setup subscriptions. One also can choose from those that have many weeks profitable trackrecord.
There is No need to keep your trading software online 24-7 - Trusted Execution Token: TET Signals software system automatically copies all trades even if your trading software is not opened.
Easy Signal Subscription - Select from the many providers at a fixed monthly fee. All trade transactions are automatically executed.
Experts can gain access to a big market of potential customers that use the MT4 & MetaTrader 5, because they can access this service direct from MT4 Software Platform.
Minimum Delays in Trade Orders Execution of Copy Signal - with Trusted Execution Token: T.E.T. Execution model deals are automatically executed and there is no delay in execution.
Free gold copy signals and also paid trade signals - for those looking and searching for free trading signals or free real signals, some signals are provided free of charge and are available for traders to subscribe. To know which trade signal is a free signal - these are ones marked 'FREE'.
How to Become a Gold Trading Service Provider
If you're an expert who is profitable, register on the MQ5L.com web site & become a seller of signals and access a large market of potential customers once you pass a one month test trial for profitability.
For guide-lines on how to become a seller, Study rules on Articles/591
More Lessons:
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- USDSGD Bid Ask Spread Described
- When is The Best Hours To Trade FX?
