How to Subscribe to a MT4 Signal (new instructions, after 1065 version upgrade) - page 13

Aleksandr Volotko
4415
Yonathan Yonathan:
So if my provider signal open 0.01 lot size..if i get 23times? 0.01 x 23= so i open with 0.23 lot size in my acc trading?

Managing Funds or How to Select a Deal Volume?

The question of how exactly the Subscriber's deposit will participate in trading via Signals service is one of the most critical ones. When solving this issue, we followed the already mentioned principle - providing maximum protection for each participant. As a result, we can offer a secure solution for Subscribers.

When enabling signals in the terminal and subscribing to one of them, Subscribers should select what part of the deposit is to be used when following the signals. There was an alternative solution of setting the ratio between Subscriber's and Provider's position volumes. But such a system could not guarantee the security of the Subscriber's deposit. For example, suppose that Provider's deposit is 30 000$, while Subscriber's one is 10 000$ and the ratio of 1:1 has been selected. In that case, the Signals Provider may just wait out temporary drawdown having a large volume order, while the Subscriber may lose all the funds with all his or her positions closed by Stop Out. The situation may get even worse if the Provider's balance suddenly changes (top up or withdraw), while previously specified volumes ratio remains intact.

To avoid such cases, we have decided to implement the system of percentage-based allocation of the part of a deposit, which is to be used in trading via the Signals service. This system is quite complicated as it considers deposit currencies, their conversion and leverages.

Let's consider a specific example of using the volumes management system:

  1. Provider: balance 15 000 USD, leverage 1:100
  2. Subscriber1: balance 40 000 EUR, leverage 1:200, deposit load percentage 50%
  3. Subscriber2: balance 5 000 EUR, leverage 1:50, deposit load percentage 35%
  4. EURUSD exchange rate = 1.2700

Calculation of Provider's and Subscriber's position volumes ratio:

  1. Balances ratio considering specified part of the deposit in percentage terms:
    Subscriber1: (40 000 * 0,5) / 15 000 = 1,3333 (133.33%)
    Subscriber2: (5 000 * 0,35) / 15 000 = 0,1166 (11.66%)
  2. After considering the leverages:
    Subscriber1: the leverage of Subscriber1 (1:200) is greater than Provider's one (1:100), thus correction on leverages is not performed
    Subscriber2: 0,1166 * (50 / 100) = 0,0583 (5.83%)
  3. After considering currency rates of the deposits at the moment of calculation:
    Subscriber1: 1,3333 * 1,2700 = 1,6933 (169.33%)
    Subscriber2: 0,0583 * 1,2700 = 0,0741 (7.41%)
  4. Total percentage value after the rounding (performed using a multistep algorithm):
    Subscriber1: 160% or 1.6 ratio
    Subscriber2: 7% or 0.07 ratio

Thus under the given conditions, Provider's deal with volume of 1 lot will be copied:

- to Subscriber1 account in amount of 160% -  volume of 1.6 lots

- to Subscriber2 account in amount of 7% -  volume of 0.07 lots

Be careful not to confuse the percentage value of the used part of the deposit and the actual ratio of position volumes. The trading terminal allows setting the part of the deposit in percentage value. This value is used to calculate the ratio of position volumes. This data is always fixed in the log and is shown in the following way:

Subscriber1:

2012.11.12 13:33:23    Signal    '1277190': percentage for volume conversion selected according to the ratio of balances and leverages, new value 160%

2012.11.12 13:27:55    Signal    '1277190': signal provider has balance 15 000.00 USD, leverage 1:100; subscriber has balance 40 000.00 EUR, leverage 1:200

2012.11.12 13:27:54    Signal    '1277190': money management: use 50% of deposit, equity limit: 0.00 EUR, deviation/slippage: 1.0 spreads

Subscriber2:

2012.11.12 13:33:23    Signal    '1277191': percentage for volume conversion selected according to the ratio of balances and leverages, new value 7%

2012.11.12 13:27:55    Signal    '1277191': signal provider has balance 15 000.00 USD, leverage 1:50; subscriber has balance 5 000.00 EUR, leverage 1:50

2012.11.12 13:27:54    Signal    '1277191': money management: use 35% of deposit, equity limit: 0.00 EUR, deviation/slippage: 1.0 spreads


Yonathan Yonathan
494
Yonathan Yonathan  
Aleksandr Volotko:

Managing Funds or How to Select a Deal Volume?

The question of how exactly the Subscriber's deposit will participate in trading via Signals service is one of the most critical ones. When solving this issue, we followed the already mentioned principle - providing maximum protection for each participant. As a result, we can offer a secure solution for Subscribers.

When enabling signals in the terminal and subscribing to one of them, Subscribers should select what part of the deposit is to be used when following the signals. There was an alternative solution of setting the ratio between Subscriber's and Provider's position volumes. But such a system could not guarantee the security of the Subscriber's deposit. For example, suppose that Provider's deposit is 30 000$, while Subscriber's one is 10 000$ and the ratio of 1:1 has been selected. In that case, the Signals Provider may just wait out temporary drawdown having a large volume order, while the Subscriber may lose all the funds with all his or her positions closed by Stop Out. The situation may get even worse if the Provider's balance suddenly changes (top up or withdraw), while previously specified volumes ratio remains intact.

To avoid such cases, we have decided to implement the system of percentage-based allocation of the part of a deposit, which is to be used in trading via the Signals service. This system is quite complicated as it considers deposit currencies, their conversion and leverages.

Let's consider a specific example of using the volumes management system:

  1. Provider: balance 15 000 USD, leverage 1:100
  2. Subscriber1: balance 40 000 EUR, leverage 1:200, deposit load percentage 50%
  3. Subscriber2: balance 5 000 EUR, leverage 1:50, deposit load percentage 35%
  4. EURUSD exchange rate = 1.2700

Calculation of Provider's and Subscriber's position volumes ratio:

  1. Balances ratio considering specified part of the deposit in percentage terms:
    Subscriber1: (40 000 * 0,5) / 15 000 = 1,3333 (133.33%)
    Subscriber2: (5 000 * 0,35) / 15 000 = 0,1166 (11.66%)
  2. After considering the leverages:
    Subscriber1: the leverage of Subscriber1 (1:200) is greater than Provider's one (1:100), thus correction on leverages is not performed
    Subscriber2: 0,1166 * (50 / 100) = 0,0583 (5.83%)
  3. After considering currency rates of the deposits at the moment of calculation:
    Subscriber1: 1,3333 * 1,2700 = 1,6933 (169.33%)
    Subscriber2: 0,0583 * 1,2700 = 0,0741 (7.41%)
  4. Total percentage value after the rounding (performed using a multistep algorithm):
    Subscriber1: 160% or 1.6 ratio
    Subscriber2: 7% or 0.07 ratio

Thus under the given conditions, Provider's deal with volume of 1 lot will be copied:

- to Subscriber1 account in amount of 160% -  volume of 1.6 lots

- to Subscriber2 account in amount of 7% -  volume of 0.07 lots

Be careful not to confuse the percentage value of the used part of the deposit and the actual ratio of position volumes. The trading terminal allows setting the part of the deposit in percentage value. This value is used to calculate the ratio of position volumes. This data is always fixed in the log and is shown in the following way:

Subscriber1:

Subscriber2:


Thank you sir..
BoozeHound
86
BoozeHound  

Hello.

This might be a stupid question.....BUT I ask anyway because no question is stupid if I don't know the answer....

I have 2 account with 2 different broker. Same leverage. Just that spreads, swap, execution, can be slightly different is all. Like normal.

Q1. Must I subscribe to the same signal on each account OR will 1 subscription be ok for both accounts?

Q2. If I have to pay for 2x subscriptions then can I do it with my single username (this one)

Q3. I already have my own VPS so I can still run signal on my own MT4 terminals on my own VPS correct?

Thank you for any assistance.

Sergey Golubev
Moderator
123411
Sergey Golubev  
BoozeHound:
...

Q1. Must I subscribe to the same signal on each account OR will 1 subscription be ok for both accounts?

Q2. If I have to pay for 2x subscriptions then can I do it with my single username (this one)

Q3. I already have my own VPS so I can still run signal on my own MT4 terminals on my own VPS correct?

Thank you for any assistance.

1. One trading account per one signal subscription (subscripiption is per trading account).

2. Yes, you should fill Community tab of Metatrader with your forum login (boozehound) and forum password (and it may be confirmed in Metatrader jour anl about the following: sucessful login or not).

3. Yes, you can use external VPS. But some people complained about some external VPS'ses, for example: Internet Explorer was not installed by the latest version (Metatrader tabs are using IE), some users can not fill Community tab, and it may be more issues ..
So, you should check everything first (for example - you can subscribe to free signal by your any demo account just to check how all things are going there).

Mohd Fahmi Bin Mokhlis
150
Mohd Fahmi Bin Mokhlis  
is it necessary to get VPS? what if i can on my computer all day long? 
Juvenille Emperor Limited
Moderator
18803
Mohd Fahmi Bin Mokhlis:
is it necessary to get VPS? what if i can on my computer all day long? 

It is not mandatory, but highly advisable, because you will not have to worry about power or network outages.

In the long run you will save more money through better trade copying/execution.

Mohd Fahmi Bin Mokhlis
150
Mohd Fahmi Bin Mokhlis  
Eleni Anna Branou:

It is not mandatory, but highly advisable, because you will not have to worry about power or network outages.

In the long run you will save more money through better trade copying/execution.

oh okay thank you, i will read futher

shanfil Marakkan kandy
18
All the things are correct as per the instruction except the Deviation /   Slippage mine its 0.5... should i change ? what effect it will do ? will it solve the situation 
wellbeing99
11
wellbeing99  

Do I need to switch on my PC and run the MT4 (VPS subscribed) in order to copy the signals? 

Juvenille Emperor Limited
Moderator
18803
wellbeing99 #:

Do I need to switch on my PC and run the MT4 (VPS subscribed) in order to copy the signals? 

You should use MQL5 VPS in order to copy 24/7 without problems.

Make sure you've done everything as described here: 

How to Subscribe to MT4/MT5 Signal

https://www.mql5.com/en/forum/189731  (MT4)

https://www.mql5.com/en/forum/336422  (MT5)