Questions about following signals with different currency name
It should work with no problem:
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- On the Subscriber's account, the system searches for all symbols with the names coinciding with the Provider's symbol by the first 6 characters. For example, EURUSD == EURUSDxxx == EURUSDyyy.
- Full permission to perform trading is checked for each detected symbol. If trading is allowed partially or completely forbidden, such a symbol is discarded.
- Margin calculation type is checked for each remaining symbol - if it is Forex, a symbol is considered to be suitable. Symbols of CFD, Futures or other calculation types are discarded.
- If no symbols remain after conducting all the checks or more than one symbol is found, it is considered that a symbol mapping attempt has failed and it is impossible to copy Provider's trades for that symbol.
- If one suitable symbol is found, it is used for copying Provider's trades.
- XAUUSD == GOLD
- XAGUSD == SILVER
The Provider has trading symbol called GOLD, and my broker has the same instrument, but it is called XAUUSD. Are trades on GOLD copied to XAUUSD in that case?
If a Subscriber's account has a symbol with the same name as the one on the Provider's account, and trading is fully allowed for the symbol, trades will be copied for this symbol. If trading is allowed partially or disabled for the found symbol, this symbol is considered inappropriate for copying, and the system will continue to search for a suitable symbol:The algorithm provides only two exceptions for metal symbols:
In these two cases, only full permission to perform trades is checked. If such permission is present, the mapping attempt is considered to be successful.
Example 1: A Provider has positions on EURUSD, while a Subscriber – on EURUSD! (or vice versa) with full trading permission. The terminal performs mapping automatically and copies the trades.
Example 2: A Provider has positions on EURUSD, while a Subscriber – both on EURUSD! and EURUSD. The copying is performed for EURUSD.
Example 3: A Provider has positions on GOLD, while a Subscriber – on XAUUSD with full trading permission. The terminal performs mapping automatically and copies the trades.
Example 4: A Provider has positions on GOLD, while a Subscriber – on XAUUSD with close-only (partial) trading permission. The mapping is considered unsuccessful and no copying is performed.
Just some information about the Signal Service:
- MetaQuotes youtube channel, and this starting video about the signals.
- How to Become a Signals Provider for MetaTrader 4 and MetaTrader 5
- How to Subscribe to Trading Signals
- Managing Funds or How to Select a Deal Volume
- Rules of Using the Signals Service
This is the information about where to start to.
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2019.10.17 13:58
Calculator of the Signals was updated:
We can use the script (one script is for MT4, and the other one is for MT5) to check the limitation concerning "no symbol found" error
(look at the item 13 of the FAQ
here).
Besides, this script is checking the trade restrictions
for symbol incl the resiriction for no-forex mode.
Look at the post #8 to read and to
download.
Hello everybody,
I want to follow a signal operated on GBPUSD. and EURUSD. , but my corresponding currency name is GPBUSD and EURUSD. Does it matter?
Best regards,
Pan
In most cases it doesn't matter and the similar currency symbols are mapped correctly.
In any other case, use another broker.
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Hello everybody,
I want to follow a signal operated on GBPUSD. and EURUSD. , but my corresponding currency name is GPBUSD and EURUSD. Does it matter?
Best regards,
Pan