Signal questions

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Lumy
142
Lumy  
Hello everyone, I had a few questions regarding signing up for a signal. 

Is the subscription attached to my account in Mql5 or rather my trading account? If I want to follow the same signal on two different accounts do I have to pay for 2 monthly subscriptions? 

If something goes wrong with the platform (like an IT bug) how can I stop the signal quickly to prevent losses because of a bug? 

If the signal is trading in Forex, which quotes 24 hours, do I need to always leave my PC on, at all times during the week? 
If yes, Would signing up for a vpn service be a good alternative? 

Thank you for your help! 
Eleni Anna Branou
Moderator
6588
Eleni Anna Branou  
Lumy:
Hello everyone, I had a few questions regarding signing up for a signal. 

Is the subscription attached to my account in Mql5 or rather my trading account? If I want to follow the same signal on two different accounts do I have to pay for 2 monthly subscriptions? 

If something goes wrong with the platform (like an IT bug) how can I stop the signal quickly to prevent losses because of a bug? 

If the signal is trading in Forex, which quotes 24 hours, do I need to always leave my PC on, at all times during the week? 
If yes, Would signing up for a vpn service be a good alternative? 

Thank you for your help! 


The signal subscription is attached to your MQL5 account, but you have to connect your MT platform to the signal provider.

You can only copy one signal per trading account. In order to subscribe to the same signal with 2 different accounts, you will have to pay 2 subcriptions.

You can stop the signal copying process by suspending signal (right click on the Signal's name in your MT Navigator window, or quicker by unticking all Signal copying options in: Tools >> Options >> Signals tab and click OK or synchronize with VPS (if you use one).

Its highly advisable to use a VPS service in order to avoid internet or power failures (MQL5 MT integrated VPS works fine).

You can always have a look at the MQL5 Rules of Using the Signals Service.

StrikerBob
582
StrikerBob  

Can I run an EA and a Signal one account at the same time?

Eleni Anna Branou
Moderator
6588
Eleni Anna Branou  
StrikerBob:

Can I run an EA and a Signal one account at the same time?


Yes, but the open trades from your EA (floating profit or loss) will complicate how the signal will calculate the copying ratio between your account and signal provider.
Lumy
142
Lumy  

Eleni, Thank you very much for another fantastic answer.

I have another question regarding signals. I'd like to calculate how much I would have profited/lost from a trade registered in the history of that chanel. For example:



Let's say I'm operating in an account with 1:100 leverage, no hedging, and with 1000 euros of funding. What is the calculation I have to apply to see how much I would have gained with the 0.27 profit registered above?

Thank you very much for your help.

Eleni Anna Branou
Moderator
6588
Eleni Anna Branou  
Lumy:

Eleni, Thank you very much for another fantastic answer.

I have another question regarding signals. I'd like to calculate how much I would have profited/lost from a trade registered in the history of that chanel. For example:



Let's say I'm operating in an account with 1:100 leverage, no hedging, and with 1000 euros of funding. What is the calculation I have to apply to see how much I would have gained with the 0.27 profit registered above?

Thank you very much for your help.

What is the balance and leverage of the signal?

Lumy
142
Lumy  
Eleni Anna Branou:

What is the balance and leverage of the signal?

The leverage of the signal is also 1:100 and the current balance is 5475.50
Eleni Anna Branou
Moderator
6588
Eleni Anna Branou  
Lumy:
The leverage of the signal is also 1:100 and the current balance is 5475.50
Then with 1000 you will have about 1/5 of its profit or loss, since you can only use up to 95% of your balance in copying this signal.
anitacrawfrd38
14
anitacrawfrd38  
great forum...
Lumy
142
Lumy  
Eleni Anna Branou:
Then with 1000 you will have about 1/5 of its profit or loss, since you can only use up to 95% of your balance in copying this signal.
Hi Eleni, 
Sorry, I'm not sure I follow. Does this mean that I get 1/5 * 0.27 (profit from snapshot above)? 
Eleni Anna Branou
Moderator
6588
Eleni Anna Branou  
Lumy:
Hi Eleni, 
Sorry, I'm not sure I follow. Does this mean that I get 1/5 * 0.27 (profit from snapshot above)? 

Yes, if you don't have a large slippage and copy the signal perfectly.
12
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