Advantages of MQL5 Trading Signals to Traders over Other Gold Trading Signals Providers
This is a new kind of online gold signals service: based on the strategies of real Gold traders, this is the first advantage. Each provider enrolled on the MQL5 xauusd trade signal sections has a proven track record of profitable trade transactions. All trading accounts of these gold signal providers are continuously monitored and tracked.
Most of the gold copy and paste signal providers are experienced traders, therefore for those looking for this service, this is the best place: a single place where signal subscribers can meet other traders who have profitable strategies & copy them.
So, What are the Advantages of These Gold Signals Service to Traders
1. XAUUSD Signal Providers Are Experts Who Use Real Gold Trading Accounts That They Opened with Their Own Money
Every gold signal provider on this MQL5 forum is an expert using their own live gold trading account opened with their own money to so as to provide these copy trading signals. Take a glance at the screen-shot that's shown below: the copy signal name is "101010", the copy trading service is hosted on the MetaQuotes Server, The equity trading balance is $18,908.35 real money.
Live Trading Signals
Every live gold signal service provider is first registered in the community, upon signing up and registering they specify their real account, and this xauusd trading account is the basis used to create the trading signals. Once a gold trading signal provider opens a trade on this xauusd 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 Corporation. Owner of MT4 and MetaTrader 5 XAUUSD Trading Softwares
There are hundreds of sites out there selling this gold signals copy paste signals service, but to for those traders who want to subscribe there's is really no sure way of determining which one is legit and as a signal buyer there's no way to know who is behind the trading service.
But in MQL5, all providers are first registered on the forum which is operated by Metaquotes Software Corp. If you do not know Metaquotes Software Corporation. It's the owner of the MT4 & MT5 softwares that you are trading gold with, the platform that you downloaded from your xauusd trading broker, your gold broker got it from Metaquotes Software Corporation.
All xauusd trading signals providers Must Register & must fill a registration form and send proof of ID & Proof of their Residence, After registration they then get SMS confirmation of their signup registration. 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 xauusd trade copy signals service provider. You'll 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'll be dealing with Metaquotes Software Corporation. And then company will handle all trade transactions between you, the buyer, & the seller: all you have to do as a buyer is to get credits & you're setup to get all gold signals copied to your account without having to do anything else.
3. All XAUUSD Trading Signal Services are Tested & Have a Track Record of Profit Making
The examples screen-shot below shows a summary of the top ranked xauusd trade signals.
Real Time Updated Live Trading Signals
For each one of the gold signals provider above there is 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 gold signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199% to 1,557%
In addition all the xauusd market signals providers must pass One 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 signal you're buying & the 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 & updated weekly & their authenticity can be verified by viewing the detailed statistics & transaction history of a Gold trade signal provider where as others you just get a screen-shot of previous transactions and their authenticity might not be verifiable.
4. Affordable Gold Price
One advantage of this service is that it is set at an affordable xauusd price, because there are many copy signal subscribers therefore the it's charged at an affordable fee. Anybody 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 the advantage, it is affordable as compared to other daily gold signals that charge expensive fees ranging from $100 dollars to upto $200 dollars.
Below is an example of the tops ranked gold signal providers for MT4 & MT5 softwares, the xauusd price is set at $40 dollars & $35 dollars a month.
Gold Price for The Top Ranked Trading Signals
Another advantage is that there are some gold trading signals that are free. Those traders looking for free gold trading signals or free live gold signals can go to Online xauusd trade signal providers service page & access the free gold signals as well as the paid for trading signals.
5. Easy Setup Directly from MetaTrader XAUUSD Trading Softwares
Once you subscribe to a gold trading signal, there is no need to set up an alert system, for example there is no need to set up SMS alert or an Email alert, neither is it required to watch the xauusd market constantly 24/7.
This service can be accessed directly from the MetaTrader platform. All a trader has to do is to set up and activate this directly from platform.
The screen-shot below shows where a trader can access the Gold trade signals directly from the platform. This is what makes this service the best xauusd trading copy signal service for traders.
MetaTrader Gold Software Tool box - Gold Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Account
- Specify Your Gold 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 gold setup, they will automatically receive these trades from the provider that they choose 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 guides:
6. TET - Trusted Execution Token Model in XAUUSD Trading
Trusted Execution Token or TET execution model is the MQL5 automated xauusd signal system. This is how the TET execution model works:
Once you have signed up, all you've to do is to select a gold trading provider. Once you select this, your platform will then connect to this gold signal through the TET system, and all their trades will be executed automatically in realtime on your trading 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 gold signals software the trades generated are live and executed automatically by the TET system
The Advantages of TET Model Are:
Minimum Delays in Execution - with Trusted Execution Token (TET) model deals are automatically executed and there isn't any delay between the time the signal is generated & when it's copied to the trading account of the subscribing Gold traders.
No need to keep your trading platform online 24 7 - ( TET ) System automatically copies all trades on your account even if your gold platform is not launched.
