Advantages of MQL5 Signals to Traders over Other Signal Providers
This is a new kind of online signals copy service: depending on the strategies of real XAUUSD traders, this is the first benefit. Every provider enrolled on the MQL5 signal section has a record of profitable trades. All accounts of these signal service providers are continuously monitored and tracked.
Most of the signal service providers are experienced traders, hence for those traders searching for this service, this is the best place: a single place where signal subscribers can meet other traders who have profitable strategies & copy them.
So, What are Benefits of These Signals Service to Traders
1. Signal Providers Are Experienced Traders Who Use Live Accounts That They Opened with Their Own Money
Every signal service provider on this MQ5 community forum is an expert using their own live account opened with their own money to so as to provide these copy signals. Take a glance at the screenshot that is displayed below: the copy signal name is '101010', the copy service is hosted on the MetaQuotes Server, The equity balance is $18,908.35 real money.
Live Signals
Every live signals provider is first registered in community, upon signing up & registering they specify their real account, & this trading account is the basis used to create the signals. Once a signal service provider opens a trade on this account, then this trade transaction is automatically generated & copied to sub-scribers.
This is first benefit, all transaction are generated on live accounts by experts: this way as a buyer of this signals service you know you are getting a good deal.
2. Owned by MetaQuotes Software Corp. Owner of MetaTrader 4 & MT5 Gold Softwares
There are hundreds of web sites out there selling this signals service, but to for those traders who want to subscribe there is really no sure way of determining which one is legit and as a signal buyer there no way to know who is behind the signal service.
But in MQL5, all providers are first signed up on the community which is operated by MetaQuotes Software Corp. If you do not know Meta Quotes Software Corp. It's the owner of the MetaTrader 4 and MT5 platforms that you are gold trading with, the software which you downloaded from your online broker, your online broker got it from MetaQuotes Software Corp.
All trading signals providers Must Register and must fill in a registration form & send proof of Identity and Proof of their Residence Location & after signup they then receive an SMS confirmation of their sign up. This way as the sub-scriber you get to know the person that you are dealing with.
In addition, when you subscribe you don't send money to the trading copy signal service provider. You'll open an MQ5 Community Account, and you'll then use what is referred to as credits to subscribe. Credit is what is used to transact within this forum. To obtain credit you deposit money within this forum. This way you will not be dealing direct with other person, you'll be dealing with MetaQuotes Software Corp. And then company will handle all the trades between you, the buyer, and the seller: all you have to do as a buyer is to get credits and you're setup to get all signals copied to your trading account without doing anything else.
3. All XAUUSD Signal Services are Tested & Have a Track Record of Profit Making
The example screenshot below shows a summary of the top ranked gold signals.
RealTime Updated Live Signals
For each one of signals provider above there the duration in weeks that the signal provider has been trading. For this duration the profit a month as a % is also recorded. The top ranked signals above have the following records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199 % to 1,557%
In addition all the market signals ##1++service providers must pass a One month testing period where they must prove that their strategy is profitable, before getting registered on this listing.
This way, the whole process is transparent and as a sub-scriber you always know what signal you are buying and track record of profit making is.
This is the advantage of this service over others out there: you get statistics which are tracked in real-time & updated weekly & their authenticity is verifiable by viewing the detailed statistics & trade history of a trade signal service provider where as other signal services you just get a screenshot of previous transactions & their authenticity might not be verifiable.
4. Affordable Price
One advantage of this service is that it is set at an affordable price, because there are many copy signal subscribers hence the it is charged at an affordable fee. Anybody who is trading with MetaTrader software can subscribe directly from their platform: this is what makes the MQL5.com forum to have a large subscriber base.
This is the benefit, it's affordable when compared to other daily signals that charge expensive fees ranging from $100 to upto $200.
Below is example of tops ranked signal service providers for MetaTrader 4 and MetaTrader 5, the price is set at $40 & $35 a month.
Price for The Top Ranked Signals
Another advantage is that there are some signals that are free. Those traders looking for free signals or free real signals can go to Online trade signal service providers service page and access the free signals as well as the paid for signals.
5. Easy Setup Direct from MetaTrader Softwares
Once you subscribe to a signal, there's no need to setup an alert system, for example there no need to set up SMS alert or an Email alert, neither is it required to watch the market constantly 24-7.
This copy signal service can be accessed by you as a trader directly from MetaTrader software platform. All one has to do is to set up and activate this directly from their software.
The screenshot below highlights where a trader can access the trade signals direct from their software. This is what makes this signal service the best gold copy signals service for traders.
MetaTrader Platform Toolbox - Signal Setup Tab
3 guide-lines to sub-scribe:
- Go to MQ5.com: Register an Account
- Specify Your Broker: a list of available brokers is provided when logged on your community account.
- Account Number on Brokers' server (Password is not required) .
The advantage is that when one completes this simple process of this setup, they'll automatically receive these transactions from the signal provider that they choose copied to their trading accounts. The trade will now execute in real-time on your MT4 platform as soon as they're generated.
For More Details, read these 2 guides:
6. T.E.T. - Trusted Execution Token Model in Gold Trading
Trusted Execution Token(T.E.T.) signal execution model is MQ5 automated gold signal system. This is how T.E.T. Execution model works:
Once you have signed up, all you have to do is to choose a trading provider. Once you select this, your trading platform will then connect to this signal through the TET execution system, and all their trades will be executed automatically in realtime on your trading account, it's as simple as that.
There's no need to manually execute generated transactions or setup alerts such as an SMS alert, or search for any other custom signals software the trades generated are live and executed automatically by TET system
The Advantages of T.E.T. Execution Model in XAUUSD Are:
Minimum Delay in Trade Execution - with Trusted Execution Token: T.E.T. Model trade deals are automatically executed and there is not any delay between the time the copy signal is generated & when it is copied to the account of subscribing traders.
No need to keep your trading platform online 24-7 - ( T.E.T. ) System automatically copies all trades on your account even if your trading platform is not launched.
