Advantages of MQL5 Signals to Traders over Other Signals Service Providers
This is a new kind of online signals service: based on the strategies of real traders, this is the first advantage. Each provider enrolled on the MQL5 signal sections has a proven track record of profitable trades. All trading accounts of these trading signal providers are continuously monitored and tracked.
Most of the signal providers are experienced traders, therefore for those wanting and looking for this copy signal service, this is the best place: a single place where copy subscribers can meet other signal providers who have profitable strategies & copy them.
So, What are the Advantages of These Signals Service to Traders
1. Signals Providers Are Experts Who Use Real Accounts Opened With Their Own Money
Every oil 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 look at the image below: the copy signal provider name is '101010', the copy signal service is hosted on the MetaQuotes Server, The equity trading balance is $18,908.35 real money.
Live Trading Signals
Every live signal service provider is first registered in the community, upon signing up they specify their real account, & this account is the basis used to create the crude trading signals. Once a signal provider opens a trade on this account, then this trade is automatically generated & copied to sub-scribers.
This is the first advantage, 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. Owned by Meta-Quotes Software Corp. Owner of MT4 and MT5 Platforms
There are hundreds of sites out there selling this signals service, but for those who want to subscribe there's is really no sure method of determining which one is legitimate & as a signal buyer there is no way for you to know who is behind trading signal service.
But in MQL5, all providers are first signed up on the community which is operated by Metaquotes Software Corp. If you do not know Metaquotes Software Corp. It's the owner of the MT4 and MT5 platforms that you're oil trading with, the platform which you downloaded from your crude trading broker, your broker got it from Metaquotes Software Platform Corp.
All signals providers Must Register and must fill a sign up form & send proof of ID and Proof of their Residence Place & after signup they then get SMS confirmation of their sign up. This way as a sub-scriber you get to know the person that you're dealing with.
In addition, when you subscribe you don't send money to the trade copy signals service provider. You will open an MQL5 Community Account, & you will then use what is referred to as credit to subscribe. Credit is what's used to transact within this community. To get credits you deposit money within this forum. This way you will not be dealing directly with other person, you'll be dealing with Metaquotes Software Corp. And then company will handle all trade transactions between you, the buyer, & seller: all you have to do as a buyer is to get credit and you're set to get all the crude trade signals copied to your account without having to do anything else.
3. All Signal Services are Tested & Have a Track Record of Profit Making
The example screenshot below shows a summary of the top ranked accurate signals.
Real Time Updated Live Trading Signals
For each one of the signals provider above there is the duration in weeks that the provider has been trading. For this duration the profit a month as a percentage is also recorded. Top ranked signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199% to 1,557%
In addition all the market signals providers must pass a 1 month testing period where they must prove that their strategy is profitable, before getting signed up on this list.
This way, whole process is transparent and as a subscriber you always know what signal you are buying & track record of profit making is.
This is the advantage of this service over others out there: you get statistics that are tracked real time and updated weekly & their authenticity can be verified by viewing the detailed statistics and transaction history of a trade signal provider where as others you just get a screen-shot of previous transactions and their authenticity might not be verifiable.
4. Affordable Price
One advantage of this service is that it's set at an affordable price, because there are many copy signal sub-scribers therefore the it's charged at an affordable fee. Any trader who is trading with MetaTrader software can subscribe directly from their platform: this is what makes the MQL5 community to have a large subscriber base.
This is advantage, it is affordable as compared to other daily signals which charge expensive fees ranging from $100 to up to $200 dollars.
Shown Below is an example of the top ranked signal providers for MetaTrader 4 & MT5 platforms, the price is set at $40 dollars and $35 dollars a month.
Price For The Top Ranked Signals
Another advantage is that there are some signals that are free. Those traders looking for free signals or free live crude trade signals can go to Online signal service page and access the free trading signals as well as paid for signals.
5. Easy Setup Direct from MetaTrader Platforms
Once you subscribe to a signal, there's no need to setup 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 service can be accessed directly from the MetaTrader software. All a trader has to do is to set up and activate this directly from platform.
The screenshot below shows where a trader can access the trade signals directly from platform. This is what makes this service the best signal service for traders.
MetaTrader Software Tool-box - Trading Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Account
- Specify Your Trading Broker: a list of available brokers is provided when logged on your forum account.
- Account Number on Brokers' server (Password is not required) .
Advantage is that when a trader completes this simple process of this setup, they will automatically receive these transactions from the provider that they select copied to their accounts. Trade will now execute in real-time on your MetaTrader 4 platform as soon as they are generated.
For More Details, read these 2 courses:
6. TET - Trusted Execution Token Model in Oil Trading
Trusted Execution Token or TET execution model is MQL5 automated signal system. This is how the TET execution model works:
Once you've registered, all you have to do is to select a trading provider. Once you select this, your platform will then connect to this oil copy signal through the TET ( Trusted Execution Model ) system, & 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 generated trade transactions or set up alerts such as an SMS alert, or look for any other custom signals software the trades generated are live and executed automatically by TET system
The Advantages of TET Execution Model in Oil Are:
Minimum Delays in Trade Execution - with Trusted Execution Token Model or TET model trades are automatically executed & there is no delay between the time the signal is generated & when it is copied to the account of the subscribing traders.
No need to keep your platform online 24-7 - (TET) System automatically copies all trades on your account even if your software isn't launched.
What is a Trade Plan? - Writing a Plan Example Template
Alternatives: EA Automated Robots or Copier Trading Signals
