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How to Subscribe to Trading Signals

| 9 October, 2012 | Views: 94817 | English Russian Chinese Spanish Portuguese

The Signals service allows users to connect to any signal and automatically copy trades of professional traders. Thousands of signals for MetaTrader 4 and MetaTrader 5 are available in the service. Read the article to learn how easy it is to subscribe, and how to choose the best option among the variety of available signals.

Trading Signals in MetaTrader 4 and MetaTrader 5


How to Choose a Signal

The service provides a huge number of signals for subscription. How to choose the most appropriate one?

Rating

To help users choose the best signals, we compile a rating of signals based on various criteria. Top ranked signals show up first in the list. And vice versa, low rated signals are hidden from the Showcase on the site and in trading terminals to protect subscribers from poor-quality strategies.

Selection of Signals with the Best Conditions

The showcase of signals provides a special function for selecting signals with the most suitable conditions for copying. Users just need to specify the name of the server, on which their trading account is open. The system will pick up signals with the best matching settings of trading instruments and the lowest slippage.

Selecting signals with the best conditions

Warning

When selecting a signal, make sure to carefully analyze the entire complex of trade reports. Pay attention to the warnings that are displayed on the signal page.

Warnings on the Signal page

Sorting and Filtering

To select signals based on specific criteria, use the sorting and filtering functions.

Sorting and Filtering

A Showcase of Signals in MetaTrader and Favorites

Traders can select signals and subscribe to them directly from the MetaTrader 4 and MetaTrader 5 terminals.

A Showcase of Signals in MetaTrader, adding to Favorites

Click on the column headers to sort the signals accordingly - by growth, drawdown, number of subscribers, etc.

A few signals matching the selected criteria can be found on the list. Add them to Favorites, so you can easily get back to them later and evaluate once again. Click on the star on the list or on the signal page, and the selected signal will appear on a separate tab "Favorites".


How to subscribe to a Signal

Subscribing to a signal is easy. Two accounts are needed: a MetaTrader 4 or MetaTrader 5 trading account and an MQL5.community account.

To subscribe to paid signals, enough money should be available on the user's MQL5.community account.

Go to the trading terminal settings and specify the MQL5 account in the "Community" tab:

Configuring connection to MQL5.community in the trading terminal

Now you can subscribe to the signal either directly from the trading terminal or on the MQL5.com site.

Subscribing from a Terminal

Select a signal in the Showcase. Subscription can be selected directly in the list or on the signal details page. Click "Subscribe..." and confirm subscription in the appeared window.

Subscribing to signals from the trading terminal

Check all the subscription parameters and pay special attention to the warnings (if any) of mismatching trading conditions. It is recommended to use signals with similar trading conditions.

To continue subscription, agree to the terms of use of the Signals service and specify the MQL5.community password to confirm subscription. After this, a window of copying parameters will open.

Signal Copy Settings

If necessary, change the settings. After a click on "OK" trade copying will start.

If you can't find the desired signal in the Showcase of Signals in your terminal, use the built-in search system.

How to Subscribe on the Site

Open the Signal page and click "Subscribe". If the trade platform is not installed on your PC, click "download it here" link in the window that appears. The official MetaTrader 4 or MetaTrader 5 site will open, where the terminal can be downloaded and installed. Otherwise click "Start copying in MetaTrader". The trading terminal will open. The selected signal page will open in the terminal, and the subscription confirmation window will appear. Subscription is completed from the terminal as described above.

Subscribing to signals on MQL5.com

  • All subscriptions can be managed in the 'My Subscriptions' section.
  • With a real account one can subscribe only to a signal based on a real account.


Subscription control

All actions, including Signal operation related ones, are recorded in the terminal Journal. Here are a few examples of important subscription logs. All records associated with the signals begin with the 'Signal' keyword.

The terminal detected a subscription to the "My trade" signal for the JohnSmith account, the subscription expiration date is - 2014.09.28, copying is enabled.

Signal - 'My trade' for 'JohnSmith' subscription found, 2014.09.28 expiration, enabled

Copying parameters: uses 5% of deposit, no limit on the minimum equity, allowed slippage is 0.5 spread, copying of Stop Loss and Take Profit is disabled.

Signal - money management: use 5% of deposit, equity limit: 0.00 USD, deviation/slippage: 0.5 spreads, copy SL/TP: disabled

The balance and leverage of the subscriber and the signal provider, as well as the copied percentage calculated based on these details. In this case the volume to be copied is 7% of the source one.

Signal - percentage for volume conversion selected according to the ratio of balances and leverages, new value 7% (old value 1%)
Signal - subscriber has balance 4 919.27 USD, leverage 1:100
Signal - signal provider has balance 638.31 USD, leverage 1:500

A warning of mismatch of symbol settings (EURUSD) on the subscriber's and the signal provider's account. In this case, the values of the minimum allowed volume differ: 0.01 and 0.1.

Signal - different specification of symbol EURUSD, signal provider has minimal volume 0.01, subscriber has 0.10

A position on GBPUSD found on the trading account, it is not related to the signal the user is subscribed to. Note that these positions increase the overall load on the account as compared with the signal provider.

Signal - local position [#78109460 buy 0.10 GBPUSD at 1.66023], does not correspond to signal provider

The GBPNZD symbol not found. If the provider trades this symbol, related operations will not be copied on the trader's account.

Signal - symbol GBPNZD not found

The terminal detected a subscription to the "My trade" signal for the JohnSmith account, the subscription expiration date is - 2014.09.28, copying is disabled. Enable copying in the signal settings of the terminal.

Signal - signal subscription disabled, enable realtime subscription in 'Signals' settings
Signal - 'My trade' for 'JohnSmith' subscription found, 2014.09.28 expiration, disabled

Use of the Services on the mql5.com site

The mql5.com website and all the services available on it are owned by MQL5 Ltd.

MQL5 Ltd is a technology provider and does not provide any financial advise. Users of the service process and transmit all their transactions through their brokers with whom they hold trading accounts. You have agreed that MQL5 Ltd is not responsible for any investment decision made by you and indemnifying MQL5 Ltd from any direct or indirect liability out of the use of this service.


Conclusion

The Signals service provides maximum convenience and security for all those who want to copy trades of professional traders. All you need to get started is an account in MetaTrader and an MQL5.community account. Connect to the most successful traders and earn money with them.


SUBSCRIBE TO SIGNALS NOW


Translated from Russian by MetaQuotes Software Corp.
Original article: http://www.mql5.com/ru/articles/523

Last comments | Go to discussion (125)
Alain Verleyen
angevoyageur | 25 Sep 2014 at 00:41
muplayer2000:

I have a question, when subscribed to a signal, when the signal provider closes a position  will it also automatically close the subscriber position? Or do we have to close positions manually?
Will be automatically closed.
konrad kloch
paniczklos | 25 Sep 2014 at 13:44

How can I open a trading signal in a specific metatrader instance ? I have 4 instances for different brokers and I can't find the signal I want to subcribe in the terminal, so I want to do it through the website.

Additionally the option to subscribe without terminal is gone (it was there yesterday) . Now it looks like that : http://scr.hu/35vc/3pp8t

 

tl;dr When i try to subscribe signals my Markets.com mt4 opens up and I want to open it in IronFX mt4. 


lalves
lalves | 25 Sep 2014 at 15:35

Hello,

I have some problem. I can' t copy a signal without launch the terminal. Can anyone help me, please.  Now, it is no longer possible to copy the trades of a demo account to a real account?

Terminal send me this message:

2014.09.25 14:36:28.527 'XXXXXXX' : Signal - real accounts cannot be subscribed to signals 'Signal' based on demo ones

 

Karl66
Karl66 | 2 Oct 2014 at 12:03
Hallo Trader-Gemeinde,

eine Frage, ist es erforderlich, dass die Traderstation (MT4) am PC läuft damit meine abonnierten Signale ausgeführt werden oder werden die Signale auf dem Server des Brokers abgearbeitet?

Danke im Voraus und beste Grüße.

-----------------

Hello Trader community,

a question, it is necessary that the trader station (MT4) on a PC running so my subscribed signals or the signals are executed on the server of the broker are processed?

Thank you in advance and best regards.

Alain Verleyen
angevoyageur | 2 Oct 2014 at 13:24
Karl66:
Hallo Trader-Gemeinde,

eine Frage, ist es erforderlich, dass die Traderstation (MT4) am PC läuft damit meine abonnierten Signale ausgeführt werden oder werden die Signale auf dem Server des Brokers abgearbeitet?

Danke im Voraus und beste Grüße.

-----------------

Hello Trader community,

a question, it is necessary that the trader station (MT4) on a PC running so my subscribed signals or the signals are executed on the server of the broker are processed?

Thank you in advance and best regards.

Does the MetaTrader 4/5 terminal has to be running at Subscriber's end for trades to be copied?
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