MQL5 Trade Signals with Automatic Execution from MetaQuotes Software Corporation.
Copy Signals Online - Signal Copy Trading
With so many signals providers out there on internet, traders and investors may have a hard time doing their own research to find a signal service that's provided by traders. One of the most oftenly asked question is: Where can one find the good signals that are not expensive?
This article will answer this question:
Meta Quotes Software Corp. The company that owns MetaTrader 4 Software has a Forex signal service on their website (and on your MetaTrader 4, Click " CTRL+T " key-board keys, search for a red marked number in your MetaTrader Software Platform, below your account balance, there it is) where you can copy transactions that are provided by Experts. The good thing about this part is that using Meta Trader 4 and MetaTrader 5 the signals are executed automatically once they're generated & they aren't expensive, costing only $20 to $30 per month.
Look at the Top ranked MetaTrader 4 traders below, all live accounts, the growth curves are shown - so you might have the question why would those who are profitable sell their signal? to answer you the top ranked signal provider as shown below has 4,539 subscribers charging $20 dollars per month that's $90,780 dollars additional profit a month. So extra profit for the signal providers, while you copy their transactions & make profits on your trading account. The trade trades are automatically copied to your account using MQL5 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 to monitor the progress. The tutorial for setting up your trading with signal providers is described below.
Where to Get These Trading Signals on Your Meta Trader 4 Software
How it works:
Beginners
Beginners sign up and begin following experts by copying their live signals, trade transactions are copied and executed automatically on your account through MQL5 TET, Trusted Execution Token: once the expert opens or closes a trade and there is no need for manual execution on your part.
Experts
Experts sign up and setup their live signals service through MetaTrader 4 & MetaTrader 5 platforms, others then copy & follow your strategy & you make extra profit from them as well as for yourself.
Forex Signal Service Provider That Traders can Subscribe from MQL5 Signal Service
Choosing Signals - Listing of Ranked Signals
Choosing Signal From The Many Signals
To chose one of the signals, first go to www.mql5.com/en/signals page which has a list of all the signals providers.
Get a ranking of the top signal providers, these are monitored accounts that provide detailed statistics of trades as well as the transactions history of the profitability of a specific signal service.
There are two different types of trade signals services to select from, these are:
- Top MT4 Signals
- Top MT5 Signals
The one you select will depend on which of the above platform you're using, choose a provider according to the one you're using.
Once you've decided on which trade signal to select from, there are three other parameters you can use so as to help you decide which is the best for you:
Percentage of Profit a Month
The percentage profit a month displays the most profitable signal among the top rated ones. The higher the profit percentage the more profitable it is.
Length in weeks
This is the total number of weeks traded. The longer the duration is, better the strategy.
Number of the Subscribers
You may want to base your trade signals selection based on decision of others or try out a new one that has fewer subscribers but has a high profit percent.
Forex Signals Online - Review Rating of Trading Signals - Copy Signals Online
Graph of Ranked Trade Signals - Based on: Percentage of Profit a Month, Length in Weeks and Number Following Each Strategy
How to Subscribe to Signals
To sub-scribe to any copy trading signal from any of the signal provider, all one requires is to have the required amount of credits so as to begin copying a specific signal provider. Credit is the currency used. To get credits all one has to do is to register and make a payment and 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 the image below 20 & 35 credits are required to subscribe to the live signals shown below. Once you've the required amount of credits you can then join the others.
Credits Required to Subscribe to a Signal
Connecting Signal Providers to Your Trading Software
Once you've signed up, all you've to do is to select a signal provider, connect to their trading signal service and all trade transactions generated by the expert traders are executed automatically in real-time on your trading account, it is simple like that. No need for you to manually execute the trade or setup trade alerts system such as sms alerts, the deals generated here are live & are automatically executed by the MQL5 automated copy signal system.
All signals providers are screened from month to month and only the profitable ones are allowed by the 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.
3 things required to start:
- Register an MQL5 Account
- Specify Your Broker: the available brokers list is provided when logged in.
- Account Number on Brokers' server (Password is not required) .
The table below highlights an example with details of number of transactions, the number of pips profit, number of those copying, the account balance & profit graph.
List of Available Choices of Trading Signals Providers From the "Toolbox"
After fulfilling the above 3 requirements, they will then sign in to MetaTrader 4 where they'll get a list of all providers as illustrated above. One can then choose any from the list.
Complete this process by filling in details on following form which will appear.
Procedure for Setting Up Real Time Signals
After entering in the above details, one will now set " Enable realtime subscription " by checking(ticking) this option. This will enable real-time trading to start executing. One is also required to check ' Agree to the terms of use '. These two options are illustrated below.
To access to the panel below, Go to " Tools", Next to " File, View " at tops left corner of MetaTrader 4 Platform. Click on Tools >>> Click on Options, the window below will pop-up, choose " Signals " tab & check the setting shown & illustrated below.
RealTime Settings - How to Setup These Trading Market Signals
After entering in the above details, setup will be complete & signals will begin 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 are interested in daily signals or scalping signals, read this two courses:
Why Select MQ5 Signals Service
High Security Parameters - Providers work in test mode for a month and only the ones that pass this test are allowed to setup subscriptions. One can also choose from those that have many weeks profitable track record.
No need to keep your platform online 24-7 - Trusted Execution Token (T.E.T.) trading signals software system automatically copies all trades even if your platform isn't launched.
Easy Signal Subscription - Select from the many providers at a fixed monthly fee. All trade transactions are executed automatically.
Experts can gain access to a big market of potential sub-scribers that use MT4 & MT5, because they can access this service direct from the MetaTrader 4 Platform.
Minimum Delays in Trades Execution of Copy Signal - with Trusted Execution Token: TET execution model deals are automatically executed and there's no delay in execution.
Free signals as well as paid 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 signal is a free signal - these are ones marked "FREE".
How to Become a Trade Signal Service Provider
If you are an expert who is profitable, register in MQL5.com site & become a seller of signals & access a large market of potential subscribers once you pass 1 month trial test for profitability.
For instructions on how to become a seller, Study the instructions on Articles/591
