Accurate Trading Signals
With so many commodities 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 frequently asked question is: Where can one find the good commodities signals that are not expensive?
This guide will answer this question:
Meta Quotes Software Corp. Company that owns MT4 Platform has a commodities 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. Good thing about this part is that using MT4 & MT5 the signals are executed automatically once they are generated and they aren't expensive, costing only $20 to $30 dollars a month.
Look at the Top ranked MT4 traders below, all real accounts, the growth curves are illustrated - so you may have the question why would those who are profitable sell their signal? to answer you the top ranked commodities signal provider as displayed below has 4,539 subscribers charging $20 dollars per month that's $90,780 dollars extra profit a month. So extra profit for the signal providers, while you copy their trade transactions & make profits on your account. Trades are automatically copied to your account using MQL5 TET - Trusted Execution Token, you do not even need to be signed in to your MT4, once you subscribe, leave the execution to TET system, you will just be log in to your commodities platform to monitor progress. Technique for setting up your trading with trading signal providers is described below.
Where to Find These Signals on Your MetaTrader 4 Platform
How it works:
Beginner Traders
Beginner Traders sign up & start following experts by copying their live signals, trades are copied & executed automatically on your account through MQL5 TET, 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 and setup their live signals service through MT4 & MT5 commodities platforms, others then copy and follow your strategy and you make extra profit from them as well as for yourself.
Trading Signals Service Provider That Traders can Subscribe from MQL5 Signal Service
Choosing Trading Signals - List of Ranked Trade Signals
Selecting The Best Signal From The Many Trading Signals
To chose one of the signals, first of all navigate to the 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 trading accounts that provides traders with detailed statistics reports as well as the trade transaction history of the profitability of a particular copy signal service.
There are 2 different types of Commodities trade signals services to choose from, these are:
- Top MT4 Signals
- Top MT5 Signals
The one you select will depend on which of the above platform you are using, choose a provider according to the one you are using.
Once you have decided on which trade signal to choose from, there are Three other parameters that you can use to help you decide which one is the best for you:
Percentage of Profit per Month
The percent profit a month portrays the most profitable trading signal among the top ranked ones. The higher the profit percent the more profitable.
Length in weeks
This is the total number of weeks traded. Longer the duration, the better the strategy.
Number of Subscribers
You may want to base your Commodities trade signals selection based on the decision of other copy traders or try-out a new one that has a fewer number of subscribers but has a high profit percent.
Trading Signals Online - Review of Signals
Chart Graph of Ranked Signals - Based on the following - Percent of Profit/Month, Length of Trading in Weeks & Number of Traders Following Each Method
How to Subscribe to Signals
To subscribe to any signal from any commodities signal provider, all a trader requires is to have the required amount of credit so as to begin copying a particular commodities signal provider. Credits is what is used. To get credits all a trader has got to do is to register & make a payment and the payment will then be converted into credits. These credits are then used to pay.
1 Credit is equal to $1 dollar, For Example on the screen-shot below 20 and 35 credits are required to subscribe to the live signals pictured below. Once you have this required amount of credits you can then join the others.
Credit Required To Subscribe to a Signal
Connecting Commodities Signal Providers to Your Platform
Once you have signed up, all you have to do is to choose a signal provider, connect to their service & all trades generated by the experts are executed automatically in real-time on your account, it's as simple as that. There is no need to manually execute trades or to manually setup trade alerts, the deals generated are live and executed automatically in real-time by the MQL5 automated commodities signal system.
All signals providers are screened from month to month and only the profitable ones are allowed by the system to setup subscription. Those which are not profitable are filtered by the system and these don't pass the screening & cannot setup sub-scriptions within the system.
3 things required to start:
- Sign up an MQL5 Account
- Specify Your Broker: the available online brokers list is provided when logged on.
- Account Number on Brokers' server (Password is not required) .
The table below illustrates example with the particulars of number of trade transactions, the number of pips profit, number of those copying, the account balance and profit graph.
List of Available Choices of Commodity Copy Signals Providers From "Tool Box"
After fulfilling the above Three requirements, they will then sign in to MetaTrader 4 where they will find a list of all the providers as illustrated above. One can then select any from the list.
Complete this process by filling in details on the following form that will pop up.
Guide for Setting Up Real Time Trading Signals
After entering the above details, one will now set the ' Enable real time subscription ' by checking(ticking) this option. This will enable real time trading to begin executing. One is also required to check " Agree to the terms of use ". These 2 options are described below.
To get to the window below, Navigate to ' Tools', Next to " File, View " at the top left corner of the MetaTrader 4 Software. Click Tools >>> Click Options, the window below will pop-up, select ' Signals ' tab and check the settings shown and illustrated below.
Real Time Settings - How to Set Up These Trade Market Signals
After entering above details, set-up will be complete & the signals will begin to execute upon clicking ' OK ' button key.
For more details on how a trader can subscribe to copy signals & where to find more information on a copy signal service provider whether you are interested in daily commodities signals or Trade scalping signals, read this two tutorials:
Why Choose MQL5 Signals Service
High Security Parameters - Providers work in test mode for a month & only the ones that pass this test are allowed to set-up subscription. One can also choose from those who have many weeks profitable track record.
No need to keep your commodities platform online 24 7 - Trusted Execution Token Model or TET signals software system automatically copies all trades even if your platform is not launched.
Easy Trading Signal Subscription - Select from the many providers at a fixed monthly fee. All trades are executed automatically.
Experts can gain access to a large market of potential sub-scribers that use the MT4 and MT5, because they can access this service direct from the MetaTrader 4 Commodities Software.
Minimum Delay in Trade Execution of Copy Signal - with Trusted Execution Token Model or TET execution model deals are automatically executed and there is no delays in execution.
Free trading signals as well as paid trading 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 free trading signal - these are the ones marked 'FREE'.
How to Become a Trade Service Provider
If you are an expert who is profitable, register in MQL5.com website and become a seller of signals & access a large market of potential subscribers once you pass the 1 month trial test for profitability.
For instructions on how to become a seller, Read instructions on Articles/591
What is a Trade Plan? - Writing a Plan Example Template
Alternatives: Expert Advisor Robots Library or Copier Trade Signals
