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 journal of profitable trade positions. All accounts of these signal service providers are continuously/continually monitored and tracked.

Most of the signal service providers are experienced traders, therefore for those traders searching/looking for this trading 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/Advantages of These Signals Service to Traders

1. Signal Providers Are Experienced Traders Who Use Live Accounts Which 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 trade signals. Take a glance at the screen-shot 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 trading signals provider is first signed up in community forum, 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 mechanically derived & generated & copied to subscribers.

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 MT4 & MetaTrader 5 Gold Softwares/Platforms

There are hundreds of web sites out there selling this signals service, but to for those that want to subscribe there is really no sure way of determining which is legit and as a trading signal buyer there is no way to learn 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 is the owner of the MetaTrader 4 and MetaTrader 5 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 signals providers Must Register and must fill in a sign up form & send proof of Identity and Proof of their Residence Location & after sign up 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 MQL5 Community Forum Trade Account, and you'll then use what is known as credit points to subscribe. Credit is what is used to transact within this forum community. To obtain credit you deposit money within this forum community. This way you'll not be dealing direct with other person, you'll be dealing with MetaQuotes Software Corp. And the company will then take care of all the trade positions between you, the buyer, and the seller: all you've to do as a buyer is to get credit points and you're setup to get all signals copied to your trading account without having to do anything else.

3. All XAUUSD Signal Services are Tested & Have a Track Record of Profit Making

The example screen-shot below shows a summary of the top ranked gold signals.

RealTime Updated Live Signals

For each of the trading signals provider above there the trading duration in weeks the signal service provider has been trading. For this duration of time the profit per 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 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 subscriber you always know what trading 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 screen shot of previous transactions & their authenticity might not be verifiable.

4. Affordable Price

One advantage of this signal service is that it's offered 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 trading platform can subscribe directly from their platform: this is what makes the MQL5.com forum community forum to have a big 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 MT4 and MT5, the price is set at $40 & $35 a month.

Price for The Top Ranked Signals

Another advantage is there are some signals which 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 trading signals and also the paid for signals.

5. Easy Setup Direct from MetaTrader Platforms

Once you subscribe to a trading signal, there's no need to setup an alert system, e.g. there is no need to setup SMS alert or an E mail 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 platform. All one has to do is to set up and activate this directly from their trading software.

The screen-shot below highlights where a gold 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:

1. Go to MQL5: Register an Account
2. Specify Your Broker: a list of available brokers is provided when logged on your community account.
3. 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 software as soon as they are generated.

For More Details, read these 2 articles:

Articles/523

Articles/618

6. T.E.T. - Trusted Execution Token Model in Gold Trading

Trusted Execution Token(TET) signal execution model is MQ5 automated gold signal system. This is how TET Execution model works:

Once you have signed up, all you've to do is to choose a trading provider. Once you as a trader select this, your trading platform then will connect to this signal through the TET execution system, and all their trades will be automatically executed in real time on your trading account, it is as simple as that.

There is no need to manually execute derived & generated transactions or setup alerts such as and like an SMS alert, or search for any other custom signals software system the trades generated are live and automatically executed by T.E.T. execution system

The Advantages of TET Execution Model in XAUUSD Are:

Minimum Delays in 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 derived & generated & when it is copied to the account of subscribing traders.

There is 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.

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