Advantages of MQL5 Signals to Traders over Other Oil Trading Signals Providers
This is a new kind of online oil signals service: based on the strategies of real Oil traders, this is the first advantage. Each provider enrolled on the MQL5 oil signal sections has a proven track record of profitable trades. All trading accounts of these oil trading signal providers are continuously monitored & tracked.
Most of the oil signal providers are experienced traders, therefore for those wanting and looking for this copy signal service, this is the best place: a single place where copy trading subscribers can meet other signal providers who have profitable strategies & copy them.
So, What are the Advantages of These Crude Oil Signals Service to Traders
1. Signals Providers Are Experts Who Use Real Accounts Opened With Their Own Money
Every oil signal provider on this MQL5 forum is an expert using their own live oil trading account opened with their own money to so as to provide these copy trading signals. Take a look at the screen-shot below: the signal provider name is '101010', the copy signal service is hosted on the MetaQuotes Server, The equity trading balance is $18,908.35 real money.
Live Trading Signals
Every live oil signal service provider is first registered in the community, upon signing up they specify their real account, & this oil account is the basis used to create the crude trading signals. Once a oil trading signal provider opens a trade on this oil 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 are getting a good deal.
2. Owned by MetaQuotes Software Corp. Owner of MT4 and MT5 Oil Trading Softwares
There are hundreds of sites out there selling this oil signals service, but for those who want to subscribe there's is really no sure method of determining which one is legitimate & as a signal buyer there is no way for you to know who is behind trading signal service.
But in MQL5, all providers are first signed up on the community which is operated by Metaquotes Oil Software Corp. If you do not know Metaquotes Oil Software Corp. It is the owner of the MT4 and MT5 platforms that you are oil trading with, the platform which you downloaded from your crude trading broker, your oil broker got it from Metaquotes Oil Trading Software Platform Corp.
All crude oil signals providers Must Register and must fill a sign up form & send proof of ID and Proof of their Residence Place & after signup they then get SMS confirmation of their sign up. This way as a sub-scriber you get to know the person that you're dealing with.
In addition, when you subscribe you do not send money to the crude oil trade copy signals service provider. You will open an MQL5 Community Account, & you will then use what is referred to as credit to subscribe. Credit is what's used to transact within this community. To get credits you deposit money within this forum. This way you will not be dealing directly with other person, you'll be dealing with Metaquotes Oil Software Corp. And then company will handle all trade transactions between you, the buyer, & seller: all you have to do as a buyer is to get credit and you're set to get all the crude oil trade signals copied to your account without having to do anything else.
3. All Oil Signal Services are Tested & Have a Track Record of Profit Making
The example screenshot below shows a summary of the top ranked accurate oil signals.
Real Time Updated Live Trading Signals
For each one of the oil 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 oil signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199% to 1,557%
In addition all the crude oil market trading signals providers must pass a 1 month testing period where they must prove that their strategy is profitable, before getting signed up on this list.
This way, whole process is transparent and as a subscriber you always know what signal you are buying & 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 and updated weekly & their authenticity can be verified by viewing the detailed statistics and transaction history of a Oil trade signal provider where as others you just get a screen-shot of previous transactions and their authenticity might not be verifiable.
4. Affordable Crude Oil Price
One advantage of this service is that it's set at an affordable crude oil price, because there are many copy signal sub-scribers therefore the it's charged at an affordable fee. Any trader 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 advantage, it is affordable as compared to other daily oil trading signals that charge expensive fees ranging from $100 dollars to up to $200 dollars.
Shown Below is an example of the top ranked oil signal providers for MetaTrader 4 & MT5 platforms, the crude oil price is set at $40 dollars and $35 dollars a month.
Oil Price For The Top Ranked Trading Signals
Another advantage is that there are some oil signals that are free. Those traders looking for free oil signals or free live crude oil trade signals can go to Online oil signal service page and access the free oil trading signals as well as paid for signals.
5. Easy Setup Direct from MetaTrader Oil Platforms
Once you subscribe to a oil signal, there is no need to setup 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 oil market constantly 24/7.
This service can be accessed directly from the MetaTrader software. All a trader has to do is to set up and activate this directly from trading software.
The screenshot below shows where a trader can access the Oil trade signals directly from platform. This is what makes this service the best oil signal service for traders.
MetaTrader Oil Trading Software Tool-box - Oil Trading Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Account
- Specify Your Oil Trading Broker: a list of available brokers is provided when logged on your forum account.
- Account Number on Brokers' server (Password is not required) .
Advantage is that when a trader completes this simple process of this oil setup, they will automatically receive these transactions from the provider that they select 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 tutorials:
6. TET - Trusted Execution Token Model in Oil Trading
Trusted Execution Token or TET execution model is MQL5 automated oil signal system. This is how the TET execution model works:
Once you've registered, all you have to do is to select a oil trading provider. Once you select this, your trading platform will then connect to this oil copy signal through the TET ( Trusted Execution Model ) system, & 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 generated trade transactions or set up alerts such as an SMS alert, or look for any other custom oil trading signals software the trades generated are live and executed automatically by TET system
The Advantages of TET Execution Model in Crude Trading Are:
Minimum Delays in Trade Execution - with Trusted Execution Token Model or TET model trades are automatically executed & there is no delay between the time the signal is generated & when it is copied to the trading account of the subscribing Oil traders.
No need to keep your platform online 24-7 - (TET) System automatically copies all trades on your trading account even if your oil software is not launched.
