MQL5 Trade Signals with Automatic Execution from MetaQuotes Software Corp.
Oil Signal Copy Trading
With so many trading signals providers out there on the inter-net, traders & investors may have a hard time doing their own research to find a signal service that's provided by traders. One of the most oftenly asked question is: Where can a trader find the good signals that aren't expensive?
This article will answer this question:
MetaQuotes Software Corp. Company that owns MetaTrader 4 Platform has a crude trade signal service on their site (and on your MT4, Click ' CTRL+T ' key board keys, look for a red number on your MetaTrader Software, below your trading account balance, there it is) where you can copy transactions provided by Experts. Good thing about this part is that using MetaTrader 4 & MT5 the trading signals are executed automatically once they're generated and they aren't expensive, costing only $20 to $30 per month.
Look at the Top ranked Meta Trader 4 traders below, all live accounts, the growth curves are depicted - so you might have the question why would those who are profitable sell their trading signal? to answer you the top ranked signal provider as shown below has 4,539 subscribers charging $20 dollars a month that is $90,780 dollars extra profit per month. So extra profit for the oil copy signal service providers, while you copy their transactions and make profits on your account. The trade trades are automatically copied to your account using MQL5 TET, Trusted Execution Token, you do not even need to be logged in to your MT4, once you subscribe, leave the execution to TET system - MetaTrader Trading Signals, you will just be signing in to your software to monitor progress. Procedure for setting up your trading with signal providers is explained below.
Where to Find These Crude Signals on Your MetaTrader 4 Software
How it works:
Beginners
Beginners sign up & begin following experts by copying their live crude trading signals, trades are copied and 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 & setup their live signals service through MT4 & Meta Trader 5 platforms, others then copy & follow your strategy & you make extra profit from them as well as for yourself.
Oil Signals Service Provider That Traders can Subscribe from the MQL5 Trade Signal Service
Choosing Crude Signals - List of Ranked Signals
Choosing The Best Crude Oil Copy Trade Signal From The Many Trade Signals
To select one of the crude trading signals, first of all go to the www.mql5.com/en/signals page that has a list of all the crude trade signal providers.
Find a ranking of the top signal providers, these are monitored crude accounts that provide a record of detailed statistics as well as the trade transaction history of the profitability of a specific copy trading signal service.
There are 2 different types of trade signals services to select from, these are:
- Top MetaTrader 4 Signals
- Top MT5 Signals
The one you select will depend on which of the above platform you're using, select a provider according to the one you're using.
Once you have decided on which trade signal to select from, there are 3 other parameters which you can use to help decide which is best for you:
Percent of Profit/Month
The % profit per month displays the most profitable signal among the top ranked ones. The higher the profit percentage, then the more profitable it is.
Length in weeks
This is total number of weeks traded. Longer the duration, the better the strategy.
Number of Signal Subscribers
You might want to base your trade signals selection based on decision of others or try out a new one that has fewer subscribers but has a high profit percentage.
Oil Signals - Review of Signals - Copy Signals Online - Signal Copy Trading
Graph of Ranked Trading Signals - Based on the following - Percent of Profit per Month, Length of Trading in Weeks and Number of Traders Following Each Signal Strategy Method
How to Subscribe to Trading Signals
To subscribe to any signal from any oil signal provider, all one requires is to have the required number of credit so as to begin copying a specific oil signal provider. Credits is what is used. To get credit all one has to do is to register & make a payment & the payment will then be converted into credits. These credits are then used to pay.
1 Credits is equivalent to $1 dollar, For Example on screen-shot below 20 & 35 credits are required to subscribe to the live signals shown below. Once you've this required amount of credits you can then join the others.
Credit Required To Subscribe to a Signal
Connecting Trade Signal Providers to Your Trading Platform
Once you've registered, all you have to do is to select a trading signal provider, connect to their service and all trades generated by the experts are executed automatically in realtime on your account, it's simple like that. No need to manually execute the trade transactions or setup trade alerts such as sms alerts, the deals generated here are live and are automatically executed by the MQL5 automated crude trade 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 that are not profitable get filtered by system & these don't pass the screening and can not set up subscriptions within the system.
3 things required to start:
- Register an MQL5 Account
- Specify Your Broker: the available brokers list is provided when logged in.
- Account Number on Brokers' server (Password is not required) .
The table below shows an example with data of number of trade transactions, number of pips profit, number of those copying, the account balance & profit graph.
List of Available Choices of Signals Providers From the "Tool Box"
After fulfilling the above 3 requirements, the they will then login to MetaTrader 4 where they will get a list of all providers as displayed above. One can then select any from the list.
Complete this process by filling in details on following form that will appear.
Procedure for Setting Up Real Time Trade Signals
After entering above details, one will now set " Enable real time sub-scription " by checking(ticking) this option. This will enable realtime trading to start executing. A trader is also required to check " Agree to terms of use ". These 2 options are shown below.
To get to the window panel below, Navigate to ' Tools', Next to " File, View " at tops left corner of MT4 Software. Click on Tools >>> Click on Options, the window panel below will pop-up, choose ' Signals ' tab & tick the settings shown and illustrated below.
Real Time Setting - How to Setup These Trade Market Signals
After typing in the above details, set-up will be complete and the signals will start to execute upon clicking the ' OK ' button.
For more details on how you can subscribe to copy paste signals and where to find more data on a copy signal provider whether you're interested in daily oil trading signals or Oil scalping signals, read this two articles:
Why Choose MQL5 Trade Signals Service
High Security Parameters - Providers work in test mode for a month & only the ones which pass this test are allowed to set-up subscriptions. One can also choose from those that have many weeks profitable track record.
No need to keep your platform online 24-7 - Trusted Execution Token Model or TET signals software system automatically copies all trades even if your platform isn't opened.
Easy Signal Subscription - Choose from the many providers at a fixed monthly fee. All trade transactions are executed automatically.
Experts can gain access to a big market of potential subscribers that use the MetaTrader 4 & MetaTrader 5, because they can access this service directly from MT4 Software.
Minimum Delays in Execution of Copy Signal - with Trusted Execution Token Model or TET execution model deals are automatically executed & there is no delays in execution.
Free crude oil copy trading signals as well as paid signals - For those looking for free signals or free live crude trading signals, some trading signals are provided free of charge and are available for traders to subscribe. To know which trading signal is free signal - these are the ones marked 'FREE'.
How to Become a Trade Signal Service Provider
If you're an expert who is profitable, sign up in the MQL5.com website and become a seller of trading signals and access a large market of potential subscribers after you pass One month test trial 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: EA Automated Robots or Copier Trading Signals
