As I understand those table columns from your post above in correct way so ... as I see - signal provider is making scalping, for example:
If I am right with scalping (not sure about columns in the tables sorry - where is the open order price, where is the close trade price ...) so the only way to follow this signal is to make an account with same broker with signal provider. But it may not be guaranteed in anything ... because what is the profit with 0.2 pips? Open trade in 1.06202 and closed in 1.06204 ...
high frequency trading :)
(sorry for joke)
- 1st trade was opened at 1.24517 and closed at 1.24530 (2 pips)
- next trade: 0.2 pips
- 3rd trade: 0 pips
- 4th trade was closed with 1 pip in profit
- 5th trade: 0.8 pips in profit.
If I am right with scalping (not sure about columns in the tables sorry - where is the open order price, where is the close trade price ...) so the only way to follow this signal is to make an account with same broker with signal provider. But it may not be guaranteed in anything ... because what is the profit with 0.2 pips? Open trade in 1.06202 and closed in 1.06204 ...
high frequency trading :)
(sorry for joke)
It's a scalping strategy and the orders are opened and closed so fast, that before they get copied to you the price already moves and you are in loss. Find another signal providor, preferably not such a fast scalper.
As Sergey and SeleaGroup, pointed out very well, a scalping strategy with less than 1-2 pips minimum profit is impossible to be copied profitably by a signal follower.
These strategies work quite well in the owner's account but can be a disaster for subscribers.
Ah OK, makes sense... thank you very much for your help.... I shall look into other signals
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Hi, I am relatively new to MQL5 community. It's great to be here & hope I can be of some use.
I have set up a demo account for the purpose of testing before using real funds.
I have followed a signal provider and appear to be picking up trades..
However, the providers history is totally different to mine? I have six trades closed. This is the signals history....
See my trades screenshot attached...
Can anyone see what's happened? There's a profitable trade i've completely missed?
Thanks