MQL5 Trade Signals with Automatic Execution from MetaQuotes Software Corporation.
Copy Trading Signals Online - Signal Copy Trading
With so many signals providers out there on internet, traders & investors may have a hard time doing their own research to find a signal service that is provided by traders. One of the most oftenly asked question is: Where can one find the good signals that aren't expensive?
This article will answer this question:
Meta Quotes Software Corp. The company that owns MT4 Software has a Forex signal service on their website (and on your MetaTrader 4, Click " CTRL+T " key-board keys, look for a red number on your MetaTrader Software, below your account balance, there it is) where you can copy transactions 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 displayed below has 4,539 subscribers charging $20 dollars per month that is $90,780 dollars extra profit a month. So extra profit for the signal providers, while you copy their transactions and make profits on your 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 progress. The guide for setting up your trading with signal providers is described below.
Where to Find 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 & 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 Trading Signal Service Provider That Traders can Subscribe from MQL5 Signal Service
Choosing Signals - List of Ranked Signals
Choosing Signal From The Many Signals
To chose one of the signals, first of all go to www.mql5.com/en/signals page which has a list of all the signals providers.
Find 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 Meta Trader 4 Signals
- Top MetaTrader 5 Signals
The one you choose will depend on which of the above platform you are using, select a provider according to the one you're using.
Once you have decided on which trade signal to select from, there are 3 other parameters that you can use so as to help you decide which one is the best for you:
Percentage of Profit a Month
The percentage profit a month displays the most profitable signal among the top ranked ones. The higher the profit percentage the more profitable it is.
Length in weeks
This is total number of weeks traded. The longer the duration is, better the strategy.
Number of Subscribers
You might 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 of Trading Signals - Copy Trading 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 subscribe to any signal from any signal provider, all a trader requires is to have the required number of credits so as to start 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 have this 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 have signed up, all you've to do is to select a signal provider, connect to their service & all trades generated by the experts are executed automatically in real-time on your account, it's simple like that. No need to manually execute the trade transactions or setup trade alerts 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 & only the profitable ones are allowed by the system to setup a subscription. Those which are not profitable are filtered by system & these do not 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, the they will then sign in to MT4 where they will get a list of all providers as shown 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 filling 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 pictured below.
To get to the window 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 filling above details, setup will be complete & signals will begin to execute upon clicking " OK " button.
For more details on how to subscribe to signals & where to find more information on a signal provider whether you are interested in daily signals or scalping signals, read this two courses:
Why Choose MQL5 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 - 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 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 live signals, some signals are provided free of charge & 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 and become a seller of signals and access a large market of potential subscribers once you pass 1 month trial test for profitability.
For instructions on how to become a seller, Read the instructions on Articles/591
What is a Trading Plan? - Written Plan Template Example
Alternatives: Automated EA Robots or Copy Paste Signals
