MQL5 Automated Forex Trading Signals with Automatic Copy Trading Execution from MetaQuotes Software Corporation.
With so many automated Forex signals providers out there on the inter-net, forex traders & traders might have a hard time doing their own research to find a Forex signal service that is provided by traders. One of the most oftenly asked question is: Where can a trader find the good Forex signals that aren't expensive?
This article will answer this question:
Meta Quotes Software Corp. The company that owns MT4 Software has a Forex signal service on their website (and on your MetaTrader 4 , Click " CTRL+T " keyboard keys, look for a red number on your MetaTrader Platform, below your trading account balance , there it is) where you can copy transactions provided by Experts. The good thing about this part is that using MetaTrader 4 & MT5 the forex signals are executed automatically once they are generated and they aren't expensive, costing only $20 to $30 dollars a month.
Look at the Top ranked MetaTrader 4 forex traders below, all real accounts, the growth curves are illustrated - so you may have the question why would those who are profitable sell their signal? to answer you the top ranked Forex signal provider as displayed below has 4,539 subscribers charging $20 dollars a month that's $90,780 dollars extra profit a month. So extra profit for the Forex signal providers, while you copy their transactions and make profits on your account. The trade transactions 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, you'll just be log in to your Forex trading software to monitor progress. The procedure for setting up your trading with Forex signal providers is described below.
Where to Find These Automated Forex Signals on Your MetaTrader 4 Platform
How it works:
Beginner Traders
Beginner Traders sign up & start following experts by copying their live Forex signals, trade transactions are copied and executed automatically on your trading account through MQL5 TET, Trusted Execution Token: once the expert opens or closes a trade & there is no need for manual execution on your part.
Experts
Experts sign up & setup their live forex signals service through MetaTrader 4 and MT5 platforms, others then copy and follow your strategy and you make extra profit from them as well as for yourself.
Automated Forex Signals That Traders can Subscribe from MQL5 Forex Signal Service
Choosing Forex Signals - List of Ranked Trade Signals
Choosing Forex Trading Signal From The Many Signals
To chose one of the Forex signals, first of all go to www.mql5.com/en/signals page which has a list of all the forex trade signal providers.
Find a ranking of the top forex signal providers, these are monitored forex 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 two different types of Forex trade signals services to select from, these are:
- Top MetaTrader 4 automated Forex signals
- Top MetaTrader 5 automated Forex signals
The one you select will depend on which of the above platform you are using, choose a provider according to the one you are using.
Once you have decided on which Forex trade signal to select from, there are 3 other parameters which you can use to help decide which is the best for you:
Percentage of Profit/Month
The percent profit a month shows the most profitable forex 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. The longer the duration is, the better the strategy.
Number of Subscribers
You may want to base your Forex trade signals selection based on the decision of others or try out a new one that has fewer subscribers but has a high profit percentage.
Forex Signals Online - Review of Trading Signals
Chart Graph of Ranked Signals - Based on the following: Percent of Profit per Month, Length in Weeks and Number of the Traders Following Each Trading Strategy
How to Subscribe to Signals
To subscribe to any trading signal from any Forex signal provider, all a trader requires is to have the required number of credit so as to start copying a particular Forex signal provider. Credit is the currency used. To get credits all a trader has to do is to register and make a payment & the payment will then be converted into credits. These credits are then used to pay.
1 Credits is equal to $1 dollar, For Example on screen shot below 20 and 35 credits are required to subscribe to the live forex signals shown below. Once you have this required amount of credits you can then join the others.
Credit Required To Subscribe to a Forex Signal
Connecting FX Signal Providers to Your Forex Software
Once you have signed up, all you have to do is to select a copy trading signal provider, connect to their service & all trades generated by the experts are executed automatically in real-time on your trading 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 & are automatically executed by the MQL5 automated copy signal system.
All trading signals providers are screened from month to month & only the profitable ones are allowed by the system to set-up sub-scription. Those that are not profitable are filtered by the system & these do not pass the screening and cannot set up subscriptions within the system.
3 things required to start:
- Sign up an MQL5 Account
- Specify Your Broker: the available online trading brokers list is provided when logged on.
- Account Number on Brokers' server (Password isn't required) .
Table below illustrates example with the particulars of number of trade transactions, number of pips profit, number of those copying, the trading account balance and profit graph.
List of Available Choices of Forex Trading Signals Providers From the "Toolbox"
After fulfilling the above Three requirements, they will then sign in to MetaTrader 4 where they will get a list of all the providers as displayed above. One can then choose any from this list.
Complete this process by filling in details on the following form which will pop up.
Procedure for Setting Up Real-Time Forex Signals
After filling above details, one will now set the " Enable real time subscription " by checking(ticking) this option. This will enable real time trading to start executing. A trader is also required to check the ' Agree to terms of use '. These 2 options are shown below.
To get to the window below, Go to " Tools", Next to ' File, View ' at the top left corner of MetaTrader 4 Software. Click on Tools >>> Click on Options, the window below will popup, choose " Signals " tab & tick the setting shown & illustrated below.
Real-Time Setting - How to Setup These Trading Forex Market Signals
After filling the above details, the setup will be complete & the signals will start to execute upon clicking the " OK " button.
For more details on how a trader can subscribe to copy trading signals & where to find more data on a copy trading signal service provider whether you are interested in daily Forex signals or Forex scalping signals, read this 2 tutorials:
Why Choose MQL5 Forex Trading Signals Service
High Security Parameters - Providers work in test mode for a month and only the ones that pass this test are allowed to set-up subscription. One can also select from those that have many weeks profitable track record.
No need to keep your Forex platform online 24-7 - Trusted Execution Token (TET) trading signals software system automatically copies all trades even if your platform is not opened.
Easy Forex Signal Subscription - Select from the many providers at a fixed monthly fee. All trade transactions are executed automatically.
Experts can gain access to a large market of potential sub-scribers that use MetaTrader 4 & MT5, because they can access this service directly from their MetaTrader 4 Software.
Minimum Delay in Execution of Copy Trading Signal - with Trusted Execution Token: TET execution trading model trade deals are automatically executed & there's no delay in the execution.
Free forex copy trading signals as well as paid signals - For those looking for free Forex signals or free live forex signals, some Forex trading signals are provided free of charge & are available for traders to subscribe. To know which signal is free Forex signal - these are the ones marked "FREE".
How to Become a Forex Trading Service Provider
If you are an expert who is profitable, register in the MQL5.com website & become a seller of signals & access a large market of potential subscribers once you pass the 1 month trial test for profitability.
For instructions on how to become a seller, Read instructions on Articles/591
