Advantages of MQL5 Signals to Traders over Other Signal Providers

This is a new kind of online signals service: based on the strategies of real XAUUSD traders, this is the first advantage. Each provider enrolled on the MQL5 trade signal sections has a proven track record of profitable trade transactions. All accounts of these signal providers are continuously monitored & tracked.

Most of the signal providers are experienced traders, therefore for those looking for this service, this is the best place: a single place where signal subscribers can meet other traders who have profitable strategies and copy them.

So, What are Advantages of These Signals Service to Traders

1. Signal Providers Are Experts Who Use Real Accounts That They Opened with Their Own Money

Every signal provider on this MQL5 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 screen-shot that is displayed below: the copy signal name is '101010', the copy service is hosted on the Meta Quotes Server, The equity balance is $18,908.35 real money.

Live Signals

Every live signals provider is first registered in community, upon signing up & signing up they specify their real account, & this account is the basis used to create the signals. Once a signal provider opens a trade on this 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 Corp. Owner of MT4 & MT5 XAUUSD Softwares

There are hundreds of web sites out there selling this signals service, but to for those traders who want to subscribe there's is really no sure way of determining which one is legit and as a signal buyer there's 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 Metaquotes Software Corp. It's the owner of the MetaTrader 4 & MT5 platforms that you are xauusd trading with, the software which you downloaded from your broker, your broker got it from MetaQuotes Software Corp.

All trading signals providers Must Register & must fill a registration form & send proof of ID & 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're dealing with.

In addition, when you subscribe you don't send money to the trade copy signals service provider. You will open an MQL5 Community Account, and you will 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'll 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, & the seller: all you've to do as a buyer is to get credits & you're setup to get all signals copied to your 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 trade signals.

Real Time Updated Live Signals

For each one of the signals provider above there is the duration in weeks that the provider has been trading. For this duration the profit per month as a % is also recorded. The top ranked signals above have the following track 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 signed up on this list.

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 that are tracked real time & updated weekly and their authenticity can be verified by viewing the detailed statistics and transaction history of a trade signal provider where as others you just get a screen-shot of previous transactions and their authenticity may 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 therefore 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 forum to have a large subscriber base.

This is the advantage, it is affordable as compared to other daily signals that charge expensive fees ranging from $100 to up to $200 dollars.

Below is example of the tops ranked signal providers for MetaTrader 4 & MT5 platforms, the price is set at $40 and $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 live signals can go to the Online trade signal providers service page and access the free signals as well as the paid for signals.

5. Easy Setup Directly from MetaTrader Platforms

Once you subscribe to a signal, there's 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 market constantly 24/7.

This service can be accessed directly from the MetaTrader platform. All one has to do is to set up and activate this directly from their software.

The screen-shot below highlights where a trader can access the trade signals direct from their software. This is what makes this service the best gold copy signal service for traders.

MetaTrader Platform Toolbox - Signal Setup Tab

3 steps to subscribe:

1. Go to MQL5.com: 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 will automatically receive these transactions from the provider that they select copied to their 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 guides:

Articles/523

Articles/618

6. TET - Trusted Execution Token Model in Gold Trading

Trusted Execution Token or TET model is the MQL5 automated gold signal system. This is how the TET execution model works:

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

There's no need to manually execute generated transactions or setup alerts such as an SMS alert, or look for any other custom signals software the trades generated are live and executed automatically by TET system

The Advantages of TET Execution Model in XAUUSD Are:

Minimum Delay in Trade Execution - with Trusted Execution Token: TET model trade deals are automatically executed and there isn't any delay between the time the copy signal is generated & when it is copied to the account of the subscribing traders.

No need to keep your platform online 24-7 - ( TET ) System automatically copies all trade transactions on your account even if your platform isn't launched.