MQL5 Trade Signals with Automatic Execution from MetaQuotes Platform Software Corporation.
Signal Copy Trading
With so many signals providers out there on the inter-net, traders & traders might have a hard time doing their own research to find a signal service that's provided by traders. One of the most frequently asked question is: Where can one find the good signals that are not expensive?
This lesson will answer this question:
Meta Quotes Platform Software Corp. The company which owns MetaTrader 4 Software has a xauusd signal service on their website (and on your MT4, Click ' CTRL+T ' key-board keys, look for a red number on your MetaTrader Platform, below your account balance, there it is) where you can copy transactions provided by Experts. The good thing about this is that using MT4 & MetaTrader 5 the signals are executed automatically once they are generated & they are not expensive, only costing $20 - $30 a month.
Look at Top ranked MT4 traders below, all real accounts, the growth curves are shown - so you might have the question why would those who are profitable sell their trading signal? to answer you the top ranked signal provider as illustrated below has 4,539 subscribers charging $20 dollars subscriber fees per month that's $90,780 dollars additional profit per month. So extra profit for the signal providers, while you copy their transactions & make profits on your account. The trades are automatically copied to your trading account using MQL5.com TET, Trusted Execution Token, you do not even need to be logged into your MetaTrader 4, once you subscribe, leave execution to TET model - MetaTrader Signals, you will just be signing into your platformsoftware platform to monitor progress. The method for setting up your trading with signal providers is illustrated below.
Where to Get These Signals on Your MT4 Platform
How it works:
Beginner Traders
Beginners sign up & begin following experts by copying their live trading signals, trades are copied and executed automatically on your account through MQL5 T.E.T., Trusted Execution Token: once the expert opens or closes a trade and there's no need for manual execution on your part.
Experts
Experts sign up & setup their live signals service through MT4 and MT5, others then copy and follow your trade strategy and you make extra profit from them as well as for yourself.
Signals Service Provider That Traders can Subscribe from the MQ5 Signal Service
Choosing Signals - List of Ranked Signals
Choosing The Best Signal From The Many Signals
To select one of the trade signals, first go to www.mql5.com/en/signals page which has a listing of all the trading signal providers.
Get a ranking of top signal providers, these are monitored trading accounts which provides traders with detailed reports as well as the trades transaction history of the profitability of a particular copy signal service.
There are two different types of signals services to select from, these are:
- Top MetaTrader 4 Signals
- Top MT5 Signals
The one you choose shall depend on which of above platformsoftware platform you are using, choose a provider according to the one you are using.
Once you've decided which signal to choose from, there are three other parameters which you can use so that to help you decide which is best for you:
% of Profit/Month
The percentage profit per month highlights the most lucrative signal among the top rated trade signals. The higher the profit percentage% the more profitable.
Length in terms of weeks
This is total number of traded weeks. The longer the duration is, better the trade strategy.
Number of Trading Signal Subscribers
You might want to base your signals selection based on the decision of other traders or try out a new one that has fewer subscribers but has a high profit %.
Signals Online - Review of Signals - Copy Signals Online - Signal Copy Trading
Graph of Ranked Trade Signals - Based on: % of Profit Per Month, Length in Weeks and Number Following Each Strategy
How to Subscribe to Signals
To subscribe to any signal from any signal provider, all a trader requires is to have the required amount of credits so as to start copying a particular signal provider. Credits is what is used. To get credits all a xauusd trader has to do is to register and make a payment & the payment will then be converted into credits. These credits are then used to pay.
1 Credits is equal to $1, for Examples on screen-shot below 20 and 35 credits are required to subscribe to the live trading signals shown below. Once you obtain the required number of credit you then can join the others.
Credits Required to Subscribe to a Signal
Connecting Signal Providers to Your Trading Software
Once you have signed up, all you have to do is to choose a signal provider, connect to their service and all trade transactions generated by expert traders are executed automatically in real time on your account, it's as simple as that. There's no need to manually execute trade transactions or to manually set signal alerts, the deals generated are live and executed automatically in realtime by the MQL5 automated signal system.
All signals providers are screened month to month & only the profitable ones are allowed by system to setup a subscription. Those which aren't profitable are filtered by system and these don't pass the screening & cannot setup subscriptions within system.
Three things required to begin:
- Sign up an MQL5.com Account
- Specify Your Broker: available brokers listing is provided when logged in.
- Account Number on Online Brokers' server (Password isn't required) .
Table below illustrates an example with details & particulars of the number of trade transactions, amount of pips in profit, number of those copying & pasting, the trading account balance & profit graph.
Listing of Available Selections of Signal Service Providers From the 'Toolbox'
After fulfilling these above three requirements, they'll then sign in to MetaTrader 4 where they'll get a list of all providers as displayed above. One can then choose any from the list.
Finish the process by filling out details on the following form which will then appear.
Procedure for Setting Up Realtime Signals
After entering in above particulars, a trader will now set ' Enable realtime subscription ' by checking(ticking) this option. This will enable realtime trading to start executing. A trader also is required to check ' Agree to terms of use '. These two options are shown below.
To access to the panel below, Go to the ' Tools', Next to " File, View " at the top left corner of MetaTrader 4 Platform. Press Tools >>> Click Options, the panel below will pop up, choose ' Signals ' tab and check the setting illustrated and shown below.
RealTime Setting - How Do I Set Up These Trading Market Signals
After entering in above data, setup will be complete and the signals will start to execute upon pressing ' OK ' button.
For more details on how to subscribe to signals and where to find more information on a signal provider whether you're interested in daily signals or XAUUSD scalping signals, read this two tutorials:
Why Choose MQL5 Signals Service
High Security Parameters - Providers work in test mode for a month and only the ones which pass this test are allowed to set up subscriptions. A trader also can choose from those that have many weeks profitable trackrecord.
There is No need to keep your trading software online 24-7 - Trusted Execution Token: TET Signals software system automatically copies all trades even if your software is not opened.
Easy Signal Subscription - Select from the many providers at a fixed monthly fee. All trades are executed automatically.
Experts can gain access to a big market of potential subscribers that use the MT4 & MetaTrader 5, because they can access this service direct from MT4 Platform Software.
Minimum Delay in Trades Execution of Copy Trading Signal - with Trusted Execution Token: T.E.T. Execution model deals are automatically executed and there's no delay in execution.
Free gold copy signals as well as paid trade signals - for those looking for free signals or free real signals, some signals are provided free of charge and are available for traders to subscribe. To know which trade signal is a free signal - these are ones marked 'FREE'.
How to Become a Gold Trading Service Provider
If you're an expert who is profitable, register on the MQ5L.com web site & become a seller of signals and access a large market of potential subscribers once you pass the 1 month trial test for profitability.
For guide-lines on how to become a seller, Study rules on Articles/591
More Lessons:
- What Time Does WallStreet 30 Index Open?
- Best Forex Pairs Traded in the Trading FX Market
- Listing of Technical XAU USD Indicators for Gold
- XAU/USD MT4 Software Download Course
- USDSGD Bid Ask Spread Described
- When is The Best Hours To Trade FX?
