MQL5 Trade Signals with Automatic Execution from MetaQuotes 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 aren't expensive?
This tutorial will answer this question:
Meta-Quotes 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 trading 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're generated & they aren't 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 sub-scribers charging $20 subscriber fees per month that's $90,780 additional profit per month. So extra profit for the signal providers, while you copy their transactions & make profits on your account. The trade trades are automatically copied to your trading account using MQL5.com TET, Trusted Execution Token, you do not even need to be logged in to your MetaTrader 4, once you subscribe, leave the execution to TET system - MetaTrader Signals, you will just be signing in to your software 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:
Beginners
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 trading 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 - Listing of Ranked Signals
Choosing The Best Signal From The Many Trade 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 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 software 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 that you can use so as to help you decide which is best for you:
Percent of Profit/Month
The percentage profit per month highlights the most profitable signal among the top rated trade signals. The higher the profit % the more profitable.
Length in terms of weeks
This is total number of traded weeks. The longer the duration is, better the trading 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: Percentage of Profit/Month, Length in Weeks and Number Following Each Strategy
How to Subscribe to Signals
To sub-scribe 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 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 equivalent to $1 dollar, for Examples on screen-shot below 20 and 35 credits are required to subscribe to the live signals shown below. Once you obtain the required number of credit you can then join the others.
Credits Required to Subscribe to a Signal
Connecting Signal Providers to Your Software
Once you've signed up, all you've 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 start:
- Sign up an MQL5.com Account
- Specify Your Broker: available brokers listing is provided when logged in.
- Account Number on Brokers' server (Password isn't required) .
Table below illustrates an example with details & particulars of the number of trades, number 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 3 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.
Complete this process by filling in details on following form that will pop-up.
Procedure for Setting Up Real Time Signals
After entering in above particulars, one will now set ' Enable realtime subscription ' by checking(ticking) this option. This will enable realtime trading to start executing. A trader is also required to check ' Agree to terms of use '. These two options are shown below.
To access to the panel window below, Go to ' Tools', Next to " File, View " at the top left corner of MetaTrader 4 Platform. Click Tools >>> Click Options, the window 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 clicking ' 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 articles:
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.
No need to keep your software online 24-7 - Trusted Execution Token: T.E.T. Signals software system automatically copies all trades even if your software is not opened.
Easy Signal Subscription - Choose from the many providers at a fixed monthly fee. All trades are executed automatically.
Experts can gain access to a big market of potential sub-scribers that use the MT4 & MetaTrader 5, because they can access this service direct from MT4 Platform Software.
Minimum Delay in Trades Execution of Copy 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 trading signals, some signals are provided free of charge and are available for traders to subscribe. To know which signal is 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 guidelines on how to become a seller, Study guide-lines on Articles/591
