Advantages of MQL5 Trading Signals to Traders over Other Stock Trading Signals Providers
This is a new kind of online stock signals service: based on strategies of real Stock traders, this is the first advantage. Each provider enrolled on the MQL5 stock signal sections has a proven track record of profitable trade transactions. All trading accounts of these stock signal providers are continuously monitored & tracked.
Most of the stock signal providers are experienced traders, therefore for those stock traders wanting looking for this trade signal service, this is best place, a single place where copy paste signal subscribers get to meet others who have profitable trade strategies & copy their trading signals.
So, What are the Advantages of These Stocks Signals Service to Traders
1. Trading Signals Service Providers Are Experts Who Use Real Accounts Opened With Their Own Money
Every stocks signal provider on the MQL5 forum is an expert using their own live account opened with their hard earned money to provide the trading signals. Take a look at the screen shot illustrated and shown below: the copy and paste trading signal service provider name is "Attach to Chart", the copy & paste signal service is hosted on the MetaQuotes Server, The equity trading balance is $18,908.35 real money.
Live Trading Signals
Every live stocks copy trading signals provider is first signed up in the forum, upon signing up & registering they specify their real trading account, & this stocks account is the basis used to create the trading signals. Once a stock trading signal provider opens a trade on this stocks trading account, then this trade is automatically generated & copied to sub-scribers.
This is the first advantage, all trade are generated on live trading 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 Corp. Owner of MT4 and MT5 Stock Platforms
There are hundreds of sites out there selling this stock signals service, but to for those stock traders who want to subscribe to copy and paste trading signals there is really no sure method to ascertain what signal service is legitimate & as a buyer of copy & paste signals there is no way to know who is behind the signal service.
But in MQL5, all providers are first signed up on the community which is operated by Metaquotes Stock Software Corporation. If you do not know Metaquotes Stock Software Corp. It is the owner of the MT4 and MT5 stocks softwares which you're trading stock with, platform that you downloaded from your stocks trading broker, your stock broker got it from Metaquotes Stock Trading Software Platform Corp.
All stock trading signals providers Must Register & must fill a registration form and send proof of ID & Proof of their Residence Location & after signup they then get an SMS confirmation of their sign up. This way as the sub-scriber you get to know the person that you are dealing with.
In addition, when you subscribe you do not send money to the stock signals provider. You will open an MQL5 Community Account, and 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'll not be dealing directly with other person, you will be dealing with Metaquotes Stock Software Corporation. And then company will handle all the trade transactions between you, the buyer, and seller: all you've to do as a buyer is to get credits and you're set to get all the stock signals copied to your account without having to do anything else.
3. All Stock Trading Signal Services are Tested & Have a Track Record of Profit Making
The example screen-shot below shows a summary of the top ranked accurate stock signals.
Real Time Updated Live Trading Signals
For each one of the stock 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 stocks signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199% to 1,557%
In addition all the stocks market signals providers must pass 1 month testing period where they must prove that their trading strategy is profitable, before getting signed up on this list.
This way, the whole process is transparent & as a subscriber you always know what trading signal you are buying and track record of profit making is.
This is the advantage of this service over others out there: you get statistics that are tracked realtime & updated weekly and their authenticity can be verified by viewing the detailed statistics & transaction history of a Stock trade signal provider where as others you just get a screen shot of previous transactions & their authenticity may not be verifiable.
4. Affordable Stocks Price
One advantage of this service is that it's set at an affordable stock price, because there are many subscribers therefore the it is charged at an affordable fee. Anyone 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 the advantage, it is affordable as compared to other daily stock signals that charge expensive fees ranging from $100 dollars to up to $200 dollars.
Below is an example of the tops ranked stock signal providers for MT4 & MT5 stocks trading softwares, the stocks price is set at $40 dollars and $35 dollars a month.
Stock Price For The Top Ranked Trading Signals
Another advantage is that there are some stock signals that are free. Those traders looking for free stock trading signals or free live stock signals can go to Online stock signal service page and access the free stock signals as well as the paid for trading signals.
5. Easy Setup Directly from MetaTrader Stock Platforms
Once you subscribe to a stock signal, there is no need to setup an alert system, for examples there is no need to setup SMS alert or an Email alert, neither is it required to watch the stocks market constantly 24/7.
This service can be accessed directly from the MetaTrader platform. All a trader has to do is to setup and activate this direct from trading software.
The screenshot below shows where a trader can access the Stock trade signals directly from their trading platform. This is what makes this service the best stock signal copy trading service for traders.
MetaTrader Stock Software Tool box - Stock Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Account
- Specify Your Stock 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 a trader completes this simple process of this stock trading set up, they will automatically receive these trades from provider that they choose copied to their accounts. The trade will now execute in real-time on your MetaTrader 4 stocks platform as soon as they are generated.
For More Details, read these two guides:
6. TET - Trusted Execution Token Model in Stock Trading
Trusted Execution Token or TET execution model is the MQL5 automated stock signal system. This is how the TET execution model works:
Once you have registered, all you have to do is to select a stock trading provider. Once you select this, your platform will then connect to this stocks copy signal through the TET order execution system, and all their trades will be executed automatically in real time on your account, it is as simple as that.
There's no need to manually execute the generated trades or setup alerts such as an SMS alerts, or look for any other custom stock trading signals software trades generated are live & executed automatically by TET system
The Advantages of TET Model Are:
Minimum Delay in Execution - with Trusted Execution Token: TET model deals are automatically executed & there is no delay between the time the copy signal is generated & when it's copied to the trading account of the subscribing Stock traders.
No need to keep your trading platform online 24 7 - ( TET ) System automatically copies all trades on your account even if your stock software is not launched.
