MQL5 Automatic Forex Signals with Automatic Copy Trading Execution from MetaQuotes Software Corporation.
With so many automated Forex signals providers out there on internet, forex traders & investors might have a hard time doing their own research to find a signal service that is provided by traders. One of the most frequently asked question is: Where can one find the good Forex signals that are not expensive?
This article will answer this question:
MetaQuotes Software Corp. Company that owns MT4 Software has a Forex signal service on their website (and on your MetaTrader 4 , Click ' CTRL+T ' key board keys, look for a red number on your MetaTrader Software, below your account balance , there it is) where you can copy transactions provided by Experts. Good thing about this part is that using MT4 & MetaTrader 5 the forex trading signals are executed automatically once they are generated & they are not expensive, costing only $20 to $30 dollars per month.
Look at the Top ranked MT4 forex traders below, all real accounts, the growth curves are illustrated - so you might have the question why would those who are profitable sell their signal? to answer you the top ranked Forex signal provider as displayed below has 4,539 subscribers charging $20 dollars per month that's $90,780 dollars extra profit a month. So extra profit for the Forex signal providers, while you copy their transactions and make profits on your account. The trades are automatically copied to your account using MQL5 TET, Trusted Execution Token, you do not even need to be logged in to your MT4, once you subscribe, leave the execution to TET system, you will just be log in to your Forex trading software to monitor progress. Procedure for setting up your trading with Forex signal providers is described below.
Where to Find These Automatic Forex Signals on Your MetaTrader 4 Platform
How it works:
Beginner Traders
Beginner Traders sign up & begin following experts by copying their live Forex signals, trades are copied and executed automatically on your account through MQL5 TET, Trusted Execution Token: once the expert opens or closes a trade and there is no need for manual execution on your part.
Experts
Experts sign up and setup their live Forex trading signals service through MetaTrader 4 & MetaTrader 5 platforms, others then copy and follow your strategy and you make extra profit from them as well as for yourself.
Automatic Forex Signals That Traders can Subscribe from MQL5 Signal Service
Choosing Signals - List of Ranked Trade Signals
Choosing Forex Signal From The Many FX Signals
To chose one of the Forex signals, first of all go to www.mql5.com/en/signals page that has a list of all the Forex trading signals providers.
Find a ranking of the top Forex signal providers, these are monitored forex accounts that provide detailed statistics of trades as well as the transactions history of the profitability of a specific signal service.
There are two different types of Forex trade signals services to select from, these are:
- Top MT4 automated Forex signals
- Top MT5 automated Forex signals
The one you choose will depend on which of the above platform you are using, choose a provider according to the one you are using.
Once you have decided on which Forex trade signal to choose from, there are 3 other parameters that you can use to help you decide which one is the best for you:
Percentage of Profit/Month
The percent profit a month shows the most profitable Forex signal among the top ranked ones. Higher the profit percentage the more profitable it is.
Length in weeks
This is total number of weeks traded. The longer the duration is, better the strategy.
Number of Subscribers
You may want to base your Forex trade signals selection based on decision of others or try out a new one that has fewer subscribers but has a high profit percent.
Signals Online - Review of Signals
Graph of Ranked Signals - Based on: Percent of Profit/Month, Length in Weeks and Number Following Each Strategy
How to Subscribe to Signals
To subscribe to any signal from any Forex signal provider, all a trader requires is to have the required number of credits so as to start copying a specific signal provider. Credit is the currency used. To get credits all a trader has to do is to register & make a payment and the payment will then be converted into credits. These credits are then used to pay.
1 Credit is equivalent to $1 dollar, for Examples on the image below 20 and 35 credits are required to subscribe to the live Forex trading signals illustrated below. Once you have this required amount of credits you can then join the others.
Credits Required to Subscribe to a Forex Signal
Connecting FX Signal Providers to Your Platform
Once you have signed up, all you've to do is to select a Forex signal provider, connect to their service & all trades generated by the experts are executed automatically in real-time on your account, it's simple like that. No need to manually execute the trade transactions or setup trade alerts such as sms alerts, the deals generated here are live & are automatically executed by the MQL5 automated copy trading signal system.
All signals providers are screened from month to month & only the profitable ones are allowed by the system to setup a subscription. Those which are not profitable are filtered by system & these do not pass the screening & cannot setup subscriptions within system.
3 things required to start:
- Register an MQL5 Account
- Specify Your Broker: the available brokers list is provided when logged in.
- Account Number on Brokers' server (Password is not required) .
The table below shows an example with details of number of trade transactions, the number of pips profit, number of those copying, trading account balance & profit graph.
List of Available Choices of Forex Signals Providers From 'Toolbox'
After fulfilling the above 3 requirements, the they will then sign in to MT4 where they will get a list of all providers as shown above. One can then choose any from this list.
Complete this process by filling in the details on following form which will appear.
Procedure for Setting Up Real-Time Signals
After filling above details, one will now set ' Enable realtime subscription ' by checking(ticking) this option. This will enable real time trading to begin executing. One is also required to check ' Agree to the terms of use '. These two options are shown below.
To get to the window below, Navigate to ' Tools', Next to " File, View " at the tops left corner of MT4 Software. Click Tools >>> Click Options, the window below will pop-up, choose ' Signals ' tab & check the setting shown & illustrated below.
RealTime Setting - How to Setup These Trading Market Signals
After filling above details, setup will be complete & signals will begin to execute upon clicking ' OK ' button.
For more details on how to subscribe to signals & where to find more information on a signal provider whether you are interested in daily Forex signals or scalping trading signals, read this 2 tutorials:
Why Choose MQL5 Forex Signals Service
High Security Parameters - Providers work in test mode for a month and only the ones that pass this test are allowed to setup subscriptions.One can also choose from those who have many weeks profitable track record.
No need to keep your Forex platform online 24-7 - Trusted Execution Token (TET) signals software system automatically copies all trades even if your trading platform is not launched.
Easy Forex Signal Subscription - Select from the many providers at a fixed monthly fee. All trades are executed automatically.
Experts can gain access to a large market of potential subscribers that use MT4 and MetaTrader 5, because they can access this service directly from their MetaTrader 4 Software.
Minimum Delays in Trades Execution of Copy Signal - with Trusted Execution Token: TET execution model deals are automatically executed and there is no delays in execution.
Free Forex trading signals as well as paid signals - for those looking for free Forex signals or free live Forex trading signals, some signals are provided free of charge & are available for traders to subscribe. To know which trading signal is a free Forex signal - these are the ones marked 'FREE'.
How to Become a Forex Trading Signal Service Provider
If you are an expert who is profitable, register in MQL5.com site and become a seller of signals and access a large market of potential subscribers once you pass 1 month trial test for profitability.
For instructions on how to become a seller, Read the instructions on Articles/591
