Advantages of MQL5 Signals to Signal Sellers and Trading Signals Providers
As a profitable trader there is a way that you can increase your profitability without adding any risk to your account. By registering on the MQL5.com website you can become a signal seller and traders who subscribe to your services will pay you extra income, & you as a xauusd trader can use add this income to your overall profits.
To setup your signal subscription service, all you have to do is to register an account with MQ5, then specify your account and the trade transactions generated on this trading account will be automatically be sent to those copying your transactions, through this service. Your platform should be MT4 or MetaTrader 5. One advantage of becoming a signal provider on this community is that you get access to a big market of potentials subscribers, all traders using the MT4 & MetaTrader 5 platforms can subscribe to your alerts.
So, What are the Advantages of MQL5.com Signal Providers Service to Sellers
1. Get Access to a Large Market of Potential Subscribers
As a seller live trading signals, one of the advantage of become a signal provider on this community is that you get access to a market that is comprised of all traders using the MT4 & MetaTrader 5 platforms. And because the MetaTrader trading software is implemented by over 600 online brokers & hundreds of thousands of those who are using this software platform as your potential client base is composed of all those traders who are using this platform.
What this means that you if you become top ranked best signal provider & your signal is very profitable then those copying your trade transactions can grow at a high rate, and you as a gold trader can use begin making a lot of profit for them as well as from them.
For examples in the screen-shot below taken from the Top Trading Signals Providers, the signal at the top has 809 subscribers in total. Taking the average subscription amount a month as $40 dollars per month, then the profit they will make:
809*$40 = $32,360 extra profit from the signal subscription.
From this example, the top ranked signal below will make $32,360 dollars profit from his service.
Top MT4 Signals Service Subscription
This is a win win situation:
The Subscriber gets profitable signals and makes a good profit
Seller gets paid a subscription fee by 100s, which adds upto a big profit
2. Dealing with a Reputable Broker
One advantage of working with this company is that it is a well known company that is owned by Meta Quotes Software Corp. The owner of MT4 & MT5 Platforms Softwares.
Therefore as a seller you do not have to go looking for the traders on your own. Just setting up an account for a signal provider is all that's required. Marketing is then carried out by MetaQuotes.
On MQL5 codebase what is used is referred to as credits, once one subscribes you automatically receive credits to your MQL5 account from them, if 100 people subscribe to your copy trade signal service, then you get the credits from these 100 people, there's no need to know name or details of your copy trade signal subscribers, the only thing that exchanges is credits. Once you get credits you can request to withdraw and at which point your credits will be converted to dollars & you as a xauusd trader can use withdraw your money at anytime using a number of payment methods.
3. No Need for Signal Seller to Setup a Subscription system
As a trade signals provider you don't need to setup your own subscription software or system. The system that sends the transactions to traders is already implemented once your setup your trading account then all transactions which you open on this account will be automatically sent to your subscribers through the TET subscription system.
Other advantage is that the trading signals are executed automatically on the trader's trading accounts which are have subscribed to your live trading signals, everything is executed automatically without having to manually sign in & set-up or execute manually.
4. The More Profitable Your are The Higher The Rank You Get and The More The Profit
For those signals providers with highly profitable strategies, the higher their ranking goes, once a signal seller gets a high ranking they're then listed on the top ten most accurate trading signals. Those ranked at the top receive the highest subscriber base subscribing to their alerts. Once as a trade signals provider you get to be ranked as one of the top, then the more that subscribe and henceforth the more money you make from your service.
Top
Top MT4 & MetaTrader 5 Trading Signal Services
5. No Personal Data is Shared Between Signal Sellers & Subscribers
As a seller on MQL5.com one of the advantages is that there is minimal interaction between the seller and the Buyer. The only thing that is exchanged is online signals and credits.
To choose a from this listing one is provided with the detailed history of trading positions of each service provider. The personal details of sellers are not shared.
As long as a trading signal provider is making good profits that's all the information that subscribers require.
6. No Need for Your Subscribers to Be Online 24-7
Once you become a signals seller, there is no need for the those copying you to be online 24-7 every minute of the day, neither do they require to be logged into execute the trade transactions that you send.
T.E.T. automated signal system referred to as Trusted Execution Token or TET system or TET signals software, will automatically connect those copying your transactions through the TET system, and all transactions from your platform will be automatically executed in real time on your trading account & of the trading accounts of those copying your market signals, it's as simple as that. No need for your subscribers to be online throughout to copy these daily gold signals the TET signals software will do it for them automatically.
There's no need for the those copying your trading signals to manually execute them or set-up alerts such as an SMS alert services, the trades generated by you is live and executed automatically by the automated signal system (TET). With TET execution model there is minimum delay between when the live signals are generated & when they are executed on the accounts of those copying you.
Study More Courses & Lessons:
- How to Place Standard Deviation Technical Indicator on Gold Chart
- Daily Gold Chart System
- Where Can You Learn How to Use MT4 Gold Software Demo Practice Account?
- How to Place Fractals Trading Indicator on Gold Chart in MT4 Platform
- What Happens after a XAUUSD Reverse Head & Shoulders Chart Pattern?
- Market XAU/USD Open FX XAUUSD Hours
- Gold Chart Timeframes: Periodicity in Trading Charts in Software
- MT5 Gator Oscillator Technical Indicator for MT5 Gold Platform