Advantages of MQL5 Trading Signals to Traders over Other Signal Service Providers
This is a new kind of online signals copy service: depending on the strategies of live traders, this is the first advantage. Every provider enrolled on the MQL5 signal section has a record of profitable trades. All trading accounts of these signal service providers are continuously monitored & tracked.
Most of the gold copy and paste signal providers are experienced traders, therefore for those traders looking for this service, this is the best place: a single place where signal subscribers can meet other traders who have profitable strategies and copy them.
So, What are the Benefits of These Signals Service to Traders
1. Signal Providers Are Experienced Traders Who Use Real Accounts That They Opened with Their Own Money
Every signal provider on this MQL5 forum is an expert using their own live account opened with their own funds to so as to provide these copy signals. Take a glance at the screenshot that is shown below: the copy trade signal name is "101010", the copy service is hosted on the Meta Quotes Server, The equity balance is $18,908.35 real money.
Live Trading Signals
Every live signal service provider is first registered in the community, upon signing up and signing up they specify their real account, & this account is the basis used to create the signals. Once a signal service provider opens a trade on this trading account, then this trade is automatically generated & copied to sub-scribers.
This is the first benefit, all trade are generated on live accounts by experts: this way as a buyer of this signals service you know you're getting a good deal.
2. Implemented by MetaQuotes Software Corporation. Owner of MetaTrader 4 & MT5 Trading Platforms
There are hundreds of sites out there selling this signals copy and paste signals service, but to for those traders who want to subscribe there's is really no sure way of determining which one is legit & as a signal buyer there's no way to know who is behind the signals service.
But in MQL5, all providers are first registered on the forum which is operated by Meta Quotes Software Corporation. If you do not know Meta Quotes Software Corporation. It's the owner of the MT4 and MT5 platforms that you are trading with, the software that you downloaded from your online broker, your broker got it from Meta-Quotes Software Corp.
All signals providers Must Register & must fill a registration form & send proof of ID and Proof of their Residence, After registration they then get SMS confirmation of their registration. This way as the subscriber you get to know the person that you are dealing with.
In addition, when you subscribe you don't send money to the trading copy signals service provider. You will open an MQ5 Community Account, & you will then use what is referred to as credits to subscribe. Credit is what's used to transact within this community. To get credits you deposit money within this community. This way you will not be dealing directly with other person, you'll be dealing with MetaQuotes Software Corporation. And then company will handle all trades between you, the buyer, and the seller: all you have to do as a buyer is to get credits & you're setup to get all signals copied to your account without doing anything else.
3. All Trading Signal Services are Tested and Have a Track Record of Profit Making
The examples screenshot below shows a summary of the top ranked signals.
RealTime Updated Live Trading Signals
For each one of signals service provider above there duration in weeks that the signal provider has been trading. For this duration the profit a month as a percentage is also recorded. The top ranked signals above have the following records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199 percent to 1,557%
In addition all the market signals service providers must pass One month testing period where they must prove that their strategy is profitable, before getting registered on this listing.
This way, the whole process is transparent and as a subscriber you always know what signal you are buying & the 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 real-time and updated weekly and their authenticity can be verified by viewing the detailed stats & trade transaction history of a trade signal service provider where as the others you just get a screenshot of previous trade transactions and their authenticity may not be verifiable.
4. Affordable Price
One advantage of this signal service is that it is set at an affordable price, because there are many copy trading signal subscribers therefore the it is charged at an affordable fee. Anybody who is trading with MetaTrader software can subscribe directly from their platform: this is what makes the MQL5 forum to have a large subscriber base.
This is the benefit, it's affordable when compared to other daily signals that charge expensive fees ranging from $100 to upto $200 dollars.
Below is an example of top ranked signal providers for MT4 & MT5 softwares, the price is set at $40 & $35 a month.
Price for The Top Ranked Signals
Another advantage is that there are some signals that are free. Those traders looking for free trading signals or free real signals can go to Online trade signal service providers service page & access the free signals as well as the paid for signals.
5. Easy Setup Direct from MetaTrader Softwares
Once you subscribe to a signal, there is no need to set up an alert system, for example there's no need to set up SMS alert or an Email alert, neither is it required to watch the market constantly 24-7.
This copy signal service can be accessed by you directly from MetaTrader platform software. All a trader has to do is to set up & activate this directly from platform.
The image below highlights where a trader can access the trade signals directly from the platform. This is what makes this signal service the best trading copy trading signals service for traders.
MetaTrader Platform Tool-Box - Signal Setup Tab
3 guide-lines to sub-scribe:
- Go to MQ5.com: Register an Account
- Specify Your Broker: a list of available brokers is provided when logged on your forum account.
- Account Number on Brokers' server (Password is not required) .
The advantage is that when one completes this simple process of this setup, they'll automatically receive these trades from the signal provider that they choose copied to their trading accounts. Trade will now execute in real-time on your MetaTrader 4 software as soon as they are generated.
For More Details, read these two guides:
6. T.E.T. - Trusted Execution Token Model in XAUUSD Trading
Trusted Execution Token or TET execution model is the MQ5 automated signal system. This is how T.E.T. Execution model works:
Once you have signed up, all you have to do is to choose a trading provider. Once you select this, your platform software then will connect to this signal through the TET system, and all their trades will be executed automatically in realtime on your account, it's as simple as that.
There's no need to manually execute the generated trades or setup alerts such as an SMS alerts, or search for any other custom signals software the trades generated are live and executed automatically by the TET system
The Advantages of T.E.T. Model Are:
Minimum Delays in Execution - with Trusted Execution Token (TET) model deals are automatically executed and there isn't any delay between the time the signal is generated & when it's copied to the account of subscribing traders.
No need for keeping your trading platform online 24 7 - ( T.E.T. ) System automatically copies all trades on your trading account even if your trading platform is not launched.
