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