Advantages of MQL5 Signals to Traders over Other Trading Signal Service Providers
This is a new kind of online trade signals service: based on strategies of real Indices traders, this is the first benefit. Each provider enrolled on the MQL5 stock signal sections has a proven track record of profitable trade transactions. All accounts of these signal service providers are continuously monitored and tracked.
Most of the signal service providers are experienced traders, therefore for those traders wanting looking for this signal service, this is best place, a single place where copy paste signal subscribers can get to meet others who have profitable trade strategies & copy their trading signals.
So, What are Benefits of These Signals Service to Traders
1. Stock Signal Providers Are Experienced Traders Who Use Real Indices Accounts That They Opened with Their Own Money
Every signal service provider on the MQ5 forum is an expert using their own real account opened with their hard earned money to provide the trade signals. Take a look at the screen shot illustrated and shown below: the copy paste trading signal service provider name is "Attach to Chart", the copy & paste signal service is hosted on the MetaQuotes Server, The equity balance is $18,908.35 dollars real money.
Live Signals
Every live index copy trading signals provider is first registered in the forum, upon signing up and registering they specify their real account, and this account is basis used to create the trading signals. Once a signal service provider opens a trade on this account, then this trade is automatically generated & copied to sub-scribers.
This is first benefit, all transaction are generated on real accounts by experts: this way as a buyer of this trade signals service you know you're getting a good deal.
2. Implemented by MetaQuotes Software Corp. Owner of MT4 & MT5 Stock Softwares
There are hundreds of websites out there selling this signals service, but to for those traders who want to subscribe to copy paste signals there really no sure way or method to determine which signal service is legitimate & as a buyer of copy paste signals there no way to know who is behind the signal service.
But in MQ5, all providers are first registered on the forum which is operated by MetaQuotes Software Corporation. If you don't know MetaQuotes Software Corporation. It's the owner of the MT4 & MT5 softwares that you are trading with, platform which you downloaded from your trading broker, your broker got it from Meta-Quotes Software Corporation.
All indices trade signals service providers Must Register and must fill in a registration form and send proof of ID & Proof of their ++2++ResidenceResidency, After signup they then receive a SMS Text confirmation of their registration signup. This way as the subscriber you get to know the person that you're dealing with.
In addition, when you subscribe you don't send money to the signals service provider. You will open an MQL5 Community Account, and you will then use what's referred to as credits to subscribe. Credits is what is used to transact within this community. To get credit you deposit money within this community. This way you'll not be dealing direct with the other person, you will be dealing with MetaQuotes Software Corporation. And then company will handle all trades between you, the buyer, & the seller: all you have to do as a buyer is to get credits & you're setup to get all indices signals copied to your account without doing anything else.
3. All Stock Signal Services are Tested & Have a Track Record of Profit Making
The examples screenshot below shows a summary of the top rated stock signals.
Real Time Updated Live Signals
For each one of the signals service provider above there's duration in weeks that the provider has been trading. For this duration the profit per month as a percentage is also recorded. The top ranked signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199 percent to 1,557%
In addition all the market signals providers must pass 1 month testing period where they must prove that their trading strategy is profitable, before getting registered on this list.
This way, the whole process is transparent & as a subscriber you always know what signal you're buying and the track record of profit making is.
This is the advantage of this signal service over others signals out there: you get stats that are tracked in real time & updated weekly & their authenticity is verifiable by viewing full detailed statistics and trade history of a signal service provider where as the others you just get a screen-shot of the previous trade transactions and their authenticity might not be verifiable.
4. Affordable Price
One advantage of this signal service is that it's set at an affordable trading price, because there are many copy signal subscribers therefore the it's charged at an affordable fee. Anyone who is trading with MetaTrader software can subscribe directly from their platform: this is what makes the MQL5 forum to have a large subscriber base.
This is advantage, it is affordable as in-comparison to other daily signals that charge expensive fees ranging from $100 to upto $200 dollars.
Shown Below is example of the tops ranked stock signal providers for MT4 & MT5 softwares, the price is set at $40 dollars & $35 dollars each month.
Indices Price for The Top Rated Signals
Another advantage is that there are some trading signals that are free. Traders looking for free trading signals or free live signals can go to Online signal service page & access the free signals as well as the paid for trading signals.
5. Easy Setup Direct from MetaTrader Softwares
Once you as a trader subscribe to a signal, there's 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 trading market constantly 24-7.
This service can be accessed direct from the MetaTrader platform. All one has got to do is to setup & activate this directly from their platform.
The screenshot below highlights where one can access the trade signals direct from their trading software. This is what makes this trade service the best signal copy trading service for traders.
MetaTrader Software Toolbox - Indices Signal Setup Tab
3 steps to sub-scribe:
- Go to MQ5.com: Register an Account
- Specify Your 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 setup, they will automatically receive these transactions from the provider that they select copied to their trading accounts. Transaction will now execute in real-time in your MetaTrader 4 software as soon as they are generated.
For More Details, read these two guides:
6. TET - Trusted Execution Token System in Stock Indices Trading
Trusted Execution Token or TET model is MQL5 automated stock trading signal system. This is how the T.E.T. model works:
Once you've registered, all you have to do is to select a trading provider. Once you choose this, your trading software then will connect to this stock index copy signal through the T.E.T. order execution system, and all their opened trades will be automatically executed in real-time on your trading account, it is as simple as that.
There is no need to manually execute generated trade transactions or setup alerts such as an SMS alert, or look for any other custom signals software trade transactions generated are live & executed automatically by TET system
The Advantages of TET Execution Model in Indices Are:
Minimum Delay in Trade Execution - with Trusted Execution Token - TET model trade deals are automatically executed and there is not any delay between the time signal is generated and when it is copied to account of the subscribing traders.
No need to keep your trading platform online 24 7 - (TET) System automatically copies all trades on your account even if your platform isn't launched.
