Advantages of MQL5 Signals to Traders over Other Oil Trading Signals Providers
This is a new kind of online oil signals service: based on the strategies of real Oil traders, this is the first advantage. Each provider enrolled on the MQL5 oil trade signal sections has a proven track record of profitable trades. All accounts of these oil trading signal providers are continuously monitored & tracked.
Most of the oil signal providers are experienced traders, therefore for those wanting and looking for this copy signal service, this is the best place: a single place where copy trading subscribers can meet other trading signal providers who have profitable trading strategies & copy them.
So, What are Advantages of These Oil Trading Signals Service to Traders
1. Crude Oil Trading Signal Providers Are Experts Who Use Real Oil Trading Accounts Opened With Their Own Money
Every crude oil signal service provider on the MQL5 codebase community is an expert using their own real trading account opened with their own earned money to provide the copy paste trading signals. Take a look at the screen-shot below: the signal provider name is "101010", the copy trading signal service is hosted on the MetaQuotes Server, The trading equity balance is $18,908.35 real money.
Live Trading Signals
Every live oil signals provider is first registered in the community, upon registering they specify their real trading account, & this crude oil trading account is basis used to create the crude oil signals. Once a oil signal provider opens a trade on this crude oil trading account, then this trade is automatically generated & copied to subscribers.
This is the first advantage, all trade are generated on live accounts by experts: this way as a buyer of this trade signals service you know you're getting a good deal.
2. Implemented by MetaQuotes Software Corp. Owner of MT4 & MetaTrader 5 Crude Oil Platforms
There are hundreds of sites out there selling this crude oil copy trading signals service, but for those who want to subscribe there's is really no sure method of determining which one is legitimate & as a signal buyer there is no way for you to know who is behind signal service.
But in MQL5, all providers are first signed up on the forum which is operated by Metaquotes Software Corporation. If you don't know Metaquotes Software Corp. It is the owner of the MT4 and MT5 crude oil trading softwares which you are trading oil with, the platform that you downloaded from your crude oil broker, your oil broker got it from Metaquotes Software Corp.
All oil trading signals providers Must Register & must fill a sign up form & send proof of ID and Proof of their Residence, After signup they then get SMS confirmation of their signup registration. This way as the subscriber you get to know the person that you are dealing with.
In addition, when you subscribe you do not send money to the oil copy trading signals provider. You'll open an MQL5 Community Account, & you'll then use what is referred to as credits to subscribe. Credits is the currency which is used to transact with in this forum. To obtain credit you deposit money within this community. This way you will not be dealing direct with other person, you'll be dealing with Metaquotes Software Corporation. And then the company will handle all trades between you, the buyer, & seller: all that you have to do as a buyer is to obtain credit and you're set to get all oil trading signals copied to your trading account without having to do anything else.
3. All Oil Signal Services are Tested and Have a Track Record of Profit Making
The example screen shot below shows a summary of the top ranked accurate oil trade signals.
Real Time Updated Live Trading Signals
For each one of the oil signals provider above there is the duration in weeks that the provider has been trading. For this duration the profit per month as a percent is also recorded. The top ranked crude oil trade signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199% to 1,557%
In addition all the crude oil market trading signals providers must pass a One month testing period where they must prove that their strategy is profitable, before getting registered on this list.
This way, whole process is transparent and as a sub-scriber you always know what trading signal you are buying & track record of profit making is.
This is advantage of this service over others out there: you get statistics that are tracked real-time and updated weekly and their authenticity can be verified by viewing the detailed statistics and transaction history of a Oil trade signal provider where as others you just get a screen-shot of previous transactions & their authenticity might not be verifiable.
4. Affordable Crude Oil Price
One advantage of this service is that it is set at an affordable oil price, because there are many signal sub-scribers therefore the it is charged at an affordable fee. Any trader who is trading with MetaTrader platform can subscribe directly from their platform: this is what makes the MQL5 forum to have a large subscriber base.
This is the advantage, it's affordable as compared to other daily oil trading signals that charge expensive fees ranging from $100 dollars to up to $200 dollars.
Below is example of the top ranked oil signal providers for MetaTrader 4 & MetaTrader 5 crude oil trading platforms, the oil price is set at $40 and $35 dollars a month.
Oil Trading Price For The Top Ranked Trading Signals
Another advantage is that there are some oil signals that are free. Those traders looking for free oil signals or free live oil trade signals you can go to the Online oil trade signal provider service page & access the free oil trading signals as well as paid for signals.
5. Easy Setup Direct from MetaTrader Oil Trading Softwares
Once you subscribe to a oil trading signal, there is no need to setup an alert system, for example there is no need to setup SMS alert or an Email alert, neither is it required to watch the crude oil market constantly 24/7.
This service can be accessed direct from the MetaTrader software. All a trader has to do is to set up & activate this directly from their platform.
The screen-shot below shows where a trader can access the Oil trade signals directly from the trading platform. This is what makes this service the best oil signal service for traders.
MetaTrader Crude Oil Software Toolbox - Oil Trading Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Account
- Specify Your Oil Trading Broker: a list of available brokers is provided when logged on your forum account.
- Account Number on Brokers' server (Password is not required) .
Advantage is that when one completes this simple process of this oil trading setup, they will automatically receive these trades from the provider that they choose copied to their accounts. The transaction will now execute in realtime in your MT4 crude oil platform as soon as they are generated.
For More Details, read these 2 articles:
6. TET - Trusted Execution Token Model in Oil Trading
Trusted Execution Token or TET model is the MQL5 automated oil signal system. This is how the TET model works:
Once you've signed up, all you have to do is to choose a oil trading provider. Once you choose this, your trading platform will then connect to this crude oil signal through the TET Execution system, and all their trades will be executed automatically in real-time on your trading account, it is simple like that.
There is no need to manually execute the generated trade transactions or set up alerts such as an SMS alerts, or look for any other custom oil signals software the trades generated are live and executed automatically by TET system
The Advantages of TET Execution Model in Crude Oil Trading Are:
Minimum Delay in Trade Execution - with Trusted Execution Token (TET) model deals are automatically executed and there is not any delay between the time the signal is generated and when it's copied to the trading account of the subscribing Oil traders.
No need to keep your trading platform online 24-7 - ( TET ) System automatically copies all trade transactions on your account even if your oil software is not launched.
