Advantages of MQL5.com Signals to Traders over Other Signals Providers
This is a new kind of online signals service: based on strategies of real traders, this is the first advantage. Each provider signed up on the MQL5 signal sections has a proven track record of profitable trade positions. All accounts of these signal service providers are continually monitored and tracked.
Most of the signal service providers are experienced traders, hence for those wanting and searching for this copy signal service, this is the best place: a single place where copy subscribers can meet other signal service providers who have profitable strategies & copy them.
So, What are Advantages of These Signals Service to Traders
1. Signal Providers Are Experienced Traders Who Use Real Trade Accounts Which They Opened with Their Own Money
Every trading signal service provider on the MQL5 community forum is an expert using their own live account opened with their hard earned funds to provide the signals. Take a look at the screen shot below: the signal service provider name is "101010", the copy signal service is hosted on the Meta Quotes Server, The equity balance is $18,908.35 dollars real money.
Live Signals
Every live signals service provider is first registered in the community, upon registering they specify their real trading account, and this account is the basis used to create and generate the trading signals. Once a signal service provider opens a trade on this account, then this trade is mechanically generated/derived & copied to subscribers.
This is the first advantage, all trade are generated on real accounts by expert traders: this way as a buyer of the trading signals service you know you are getting the real deal.
2. Owned by MetaQuotes Software Corporation. Owner of MetaTrader 4 and MetaTrader 5 FX Softwares
There are hundreds of websites out there selling this trading signals service, but for those that want to subscribe there is really no sure technique of determining which one is legitimate and as a signal buyer there is no way for you to know who is behind signal service.
But in MQ5, all providers are first registered on the community which is operated by Meta Quotes Software Corp. If you do not know Meta Quotes Software Corp. It is the owner of the MetaTrader 4 & MetaTrader 5 software platforms that you're trading currencies with, platform that you downloaded from your online broker, your broker got it from MetaQuotes Software Corporation.
All signals providers Must Register and must fill in a sign up form & send proof of ID and Proof of their Residence, After signup they then get SMS confirmation of their sign up. This way as the signal subscriber you get to know the person that you are dealing with.
Additionally, when you subscribe you don't send money to the trading signals provider. You will open an MQL5.com Community Trade Account, & you'll then use what is known as credit points to subscribe. Credit Points is the money used to transact and trade within this forum. To get credits you deposit money within this community forum. This way you'll not be dealing direct with the other person, you'll be dealing with MetaQuotes Software Corp. And the company then will handle all trade transactions between you, the buyer, & the seller: all you have to do as a buyer is to get credit and you are set to get all the signals copied to your account without having to do anything else.
3. All Trade Signal Services are Tested and Have a Track Record of Profit Making
The illustrations screen-shot below shows summary of the top rated signals.
Realtime Updated Live Signals
For each of the signals provider above their trading duration in weeks that the signal service provider has been trading. For this period of time the profit per month as a % is also recorded. The top ranked signals above have the following trading track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199 percent% to 1,557%
In addition all the trading signals service providers must pass one month test period where they must prove that their trading strategy is profitable, before getting signed up on this listing.
This way, whole process is transparent & as a signal subscriber you always know what signal you are buying and track record of profit making is.
This is the advantage of this signal service over others signals out there: you get statistics that are tracked in realtime and updated weekly & their authenticity is verifiable by viewing the detailed statistics and trade history of a signal service provider where as the other signal services you just get a screen-shot of the previous trade positions & their authenticity might not be verifiable.
4. Affordable Price
One advantage of this signal service is that it's set at an affordable price, because there are many subscribers therefore the it is charged at an affordable fee. Any trader who is transacting with MetaTrader trading platform can subscribe directly from their platform: this is what makes the MQL5.com forum to have a large client base.
This is advantage, it is affordable as compared to other daily signals that charge expensive fees ranging from $100 to up to $200 dollars.
Shown Below is an example illustration of the tops ranked signal service providers for MT4 & MT5, the price is set at $40 and $35 a month.
Price for Top Ranked Copy Trading Signals
Another advantage is there are some signals that are free. Traders searching for free trading signals or free live signals can go to Online signal service page & access the free signals & also paid for signals.
5. Easy Setup Direct from MetaTrader Softwares
Once you as a fx trader subscribe to a signal, there is no need for you to set-up an alert system, for example there is no need for you to set-up SMS alert or an E mail alert, neither is it required to keep watching and monitoring the market constantly 24-7.
This copy trade signal provider service can be accessed by you as a trader directly from Meta Trader platform. All a trader has to do is to setup & activate this directly from software.
The screen shot below portrays where a forex trader can access the signals directly from the platform. This is what that makes this service the best signal service for traders.
MetaTrader Software Tool-Box - Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Trading Account
- Specify Your Currency Broker: a listing of available brokers is provided when logged in your community forum account.
- Account Number on Online Brokers' server (Password isn't required) .
Advantage is that when a forex trader completes this simple process of set-up, they'll automatically receive these transactions from the signal provider that they select copied to their trading accounts. The trade will now execute in real time on your MT4 platform software as soon as they're generated.
For More Details, read these two tutorials:
6. T.E.T. - Trusted Execution Token Model in FX Trading
Trusted Execution Token or TET model is MQL5.com signal system. This is how the TET model works:
Once you have registered, all you have to do is to select and choose a provider. Once you as a trader choose this, your trading platform will then connect to the signal through the TET execution system, & all their trade transactions will be automatically executed in realtime on your trading account, it's simple like that.
There is no need for you to execute manually the generated/derived transactions or setup alerts such as and like an SMS alert, or look for any other custom signals system the trades generated are live & automatically executed by TET model
Advantages of TET Model Are:
Minimum Delays in the Execution - with Trusted Execution Token: TET model trades are automatically executed and there is no any delay between the time the copy signal is generated/derived and when it is copied to the account of the subscribing traders.
No need to keep your trading platform online 24-7 - (TET) System automatically copies all trades on your trading account even if your trading platform is not launched.
More Courses:
- How to Develop a USD TRY Strategy
- FX EU 50 Index EU 50 Symbol in Forex
- How Can I Open Forex Account Live Account: How Live Account Looks Like?
- How Can I Trade Shares in MT5 Platform?
- What Leverage Should I Use to Trade 1 FX Mini Lot?
