Advantages of MQL5.com Signals to Traders over Other Signals Providers
The first benefit of this new sort of online signals service is that it is built on the tactics used by actual traders. Each provider that has signed up on the MQL5 signal sections has a demonstrable history of making lucrative trade positions. These signal service providers are subject to ongoing surveillance and tracking.
The majority of signal service providers are skilled traders, making this the ideal location for anyone seeking or desiring this copy signal service: a single location where copy subscribers may connect with other signal service providers who have successful tactics and replicate them.
So, What are Advantages of These Signals Service to Traders
1. Signal Providers Are Experienced Traders Who Use Live 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: 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 real money.
Live Signals
Every live signals service provider is first registered in the community, upon registering they specify their live 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 position is mechanically generated/derived and copied to subscribers.
Here's the first good thing: all trades are done on real accounts by skilled traders, so you know you are getting the real thing when you buy the trading signals service.
2. Owned by MetaQuotes Software Corporation. Owner of MT4 and MT5 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 MT4 & MetaTrader 5 software platforms that you're trading currencies with, platform that you downloaded from your online currency trading broker, your trading 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.
Furthermore, subscribing does not involve sending funds directly to the signal provider. Instead, you establish an MQL5.com Community Trade Account and utilize what are called "credit points" for subscriptions. These Credit Points function as the internal currency for transactions within this community: you acquire them by depositing money into the community forum account. This mechanism ensures you interact solely with MetaQuotes Software Platform Corp., which manages all transactional exchanges between you (the buyer) and the seller. Consequently, your sole responsibility as a subscriber is to secure credit points: everything else required for signal copying is handled automatically.
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 signal provider listed, note their trading weeks. They have run for this time. Monthly profit shows as a percent. Top ones have these records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199 % to 1,557%
All trading signal providers must complete a one-month test. They need to show their strategy makes money before joining this list.
This makes the whole thing clear, and as someone getting signals, you always know what you are buying and how well it makes money.
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 and their authenticity might & may not be verifiable.
4. Affordable Price
A notable benefit of this signal service is its competitively low cost, stemming from the large subscriber base which allows for a reasonably priced subscription fee. Any trader utilizing MetaTrader platform software can subscribe directly via the platform itself: this is the mechanism contributing to the MQL5.com forum's expansive user community.
This is good because it doesn't cost as much as other daily signals that can be very expensive, from $100 to even $200.
Below is an example of top-ranked signal service providers for MT4 and MT5. Their prices are $40 and $35 per month.
Price for Top Ranked Copy Trading Signals
Another benefit is the availability of some free signals. Traders looking for free trading signals or live signals can visit the Online Signal Service page to access both free and paid signals.
5. Easy Setup Direct from MetaTrader Software Platforms
After you sign up for a signal as someone who trades currencies, you do not have to create your own alert system, like setting up alerts via SMS or email: also, you do not have to watch the market all the time.
You, as a trader, can get to this copy signal provider service right from the Meta Trader platform by setting it up and turning it on in the software.
The subsequent screenshot demonstrates the interface where a forex trader can access signals directly within the platform, a feature that establishes this service as the superior signal provider for traders.
MetaTrader Software Platform ToolBox - 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, study these two courses:
6. T.E.T. - Trusted Execution Token Model in FX Trading
The Trusted Execution Token (TET) model is part of the trading signal system on MQL5.com. Here's a brief summary of how the TET model operates.
After you register, just pick a provider. Once you do, your platform connects to their signal through the TET execution system, and all their trades are automatically copied to your account in real time. It really is that simple.
There is no need for you to execute manually the generated/derived transactions or setup alerts such as 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:
Execution with Minimal Latency - Utilizing the Trusted Execution Token (TET) model ensures trades are instantly executed, eliminating any gap between the moment a copy signal originates and its replication onto the accounts of subscribing traders.
No need to keep your trading software online 24-7 - (TET) System automatically copies all trades on your trading account even if your software is not launched.
More Courses:
- How to Create a USD TRY Strategy
- Forex EU 50 Index EU 50 Symbol in Forex
- How Do I Open Forex Account Live Account: How Real Trading Account Looks Like?
- How Do I Trade Shares in MT5 Platform?
- What Leverage Should I Use to Trade 1 FX Mini Lot?
