How Do I Trade with Signals & Expert-Advisors

Apart from coming up with trading signals, traders also can decide that they want to trade with signals or EAs. These two methods are very popular when it comes to trading the online trading market. Traders who want to trade with these techniques may spend a lot of time researching which is the best Expert Advisor or Gold Trade Signal - instead when it comes to Expert Advisor Bots there's a library of Expert Advisor Bots that traders can find on the MQL5 community forum and when it comes to signals there's a list of the top gold trading signal providers made up of profitable traders who trade using MT4 software that provide trading signals which traders can subscribe to and trade with.

Signals

Traders can trade using signals - instead of generating trade signals of their own using gold trading systems traders can subscribe trading signals from other profitable traders & copy the trading of these trading signal providers. Trading using signals is sometimes also known as copier trading.

A gold signal service such as the MQL5 copy trading signal service is setup by owners of MT4 platform. Profitable traders can then setup their signal service & others can then subscribe to these trading signals from the MQL5 signal service direct from the MT4 platform.

Once signal providers generate a trading signal the trade is then copied automatically and sent to the trader's account and similar trade transactions are also opened on trader's account. These trade transactions will remain open til when signal provider closes them and on trader's trading account the trade transactions also will be automatically closed.

To learn more about trading signals traders can read the tutorial - MQL5 gold signals. These trading signals are generated by profitable traders who trade the market using their own accounts with money invested in their account & this traders have passed a month trading period to prove their system is profitable after which these traders have become signal providers.

EAs

Automated strategies in gold trading are known as Expert-Advisors or EA or Robots. These robots are used by traders to generate automated signals that will open buy & sell trade transactions on behalf of the trader based on the set parameters.

When these sets of parameters are met the Expert-Advisor will then open a trade position. The trading EA also has another set of parameters which will be used to calculate where to close a trade position.

The best place to start for those who want to learn how to program & come up with their own Expert Advisor Bots MQ5 forum of EA coders is the best place where to start. This community forum also has a library of many trading Automated EAs that traders can download - some are free and some are for sale. Those which are for sale can be tested out by traders using their demo version which can be tested in the MetaTrader 4 strategy tester environment, this way a trader can test an EA to ascertain how it performs in the market before buying the Expert-Advisor.

To learn more about Expert Advisor Bots, traders can read our lesson - MQL5 Gold Expert-Advisors Code Base Forum.

Get More Lessons:

Trade Gold Trading

How Do I Trade with Signals & Expert-Advisors

Signals

EAs