Does someone tried to copy scalping strategies from forex social networks?

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HENRYFOSTER
30
HENRYFOSTER  
Is it real?
Sergey Golubev
Moderator
106112
Sergey Golubev  

There is one signal network here: https://www.mql5.com/en/signals
so any discussion about the other service may be limited here sorry.

Trading signals
Trading signals
  • www.mql5.com
Trading Signals for MetaTrader: social trading, mirror trading, copy trading and account monitoring
Meng Yin Teoh
2155
Meng Yin Teoh  
Copy a scalping strategy is a disaster for signal copier because of the slippage. It wont work no matter how small your latency are or what kind of social trading platform you use.
HENRYFOSTER
30
HENRYFOSTER  
Sergey Golubev:

There is one signal network here: https://www.mql5.com/en/signals
so any discussion about the other service may be limited here sorry.

Thank you. Do you know any other god and reliable signal network?
HENRYFOSTER
30
HENRYFOSTER  
Meng Yin Teoh:
Copy a scalping strategy is a disaster for signal copier because of the slippage. It wont work no matter how small your latency are or what kind of social trading platform you use.
For example if signal provider use broker with higher spread and slow quotes and I will use low spread broker with fast quotes. Will it help?
Sergey Golubev
Moderator
106112
Sergey Golubev  
HENRYFOSTER:
For example if signal provider use broker with higher spread and slow quotes and I will use low spread broker with fast quotes. Will it help?


If you are trying to subscribe directly from your Metatrader so you will not see this signal provider - because all the signal providers are sorted according to compatibility with your broker/account, so everything will be fine.

Sergey Golubev
Moderator
106112
Sergey Golubev  

And there are some more information which I collected -

Tips for Selecting a Trading Signal to Subscribe. Step-By-Step Guide - the article 

Forum on trading, automated trading systems and testing trading strategies

Some question about Signals

Sergey Golubev, 2016.12.30 20:14

Just some information about the Signal Service:

This is the information about where to start to.

Sergey Golubev
Moderator
106112
Sergey Golubev  

How to Subscribe to MT4/MT5 Signal - new instruction:

Forum on trading, automated trading systems and testing trading strategies

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

Eleni Anna Branou, 2017.04.10 10:02

Below are step by step instructions, of how to subscribe to a MΤ4 signal:


1. Register a MQL5 account: https://www.mql5.com/en/auth_register 

2. Open your MT4 platform and go to Menu >> Tools >> Optios and click on the Community tab. There you put your Login and Password of your MQL5 account and click OK.

 

 

 

3. Go to the search area of your MT4 platform, on the upper right corner (where the magnifying glass is), type in the name of the signal you want to subscribe and click Enter.

 

 

 

4. You will see lower, in the Terminal Window of your MT4 platform, the results of your search. Click on the name of the signal you want to subscribe. 

 

 

 

5. Click on the green Subscribe for $$ USD button on the right side of your MT4's Terminal Window.

 

 

 

6. Select the payment method and complete payment for your subscription.

7. In the Options >> Signals window that opens, tick the following options:

 


 

  • Agree to the terms of use of the signals service
  • Enable real time signal subscription
  • Copy Stop Loss and Take Profit levels
  • Synchronise positions without confirmations

8. In the Use no more than: ...... of your deposit (95% maximum) field below, put the percentage of your capital, you want to participate in signal's copying.

9. In the Stop if equity is less than: ...... field, put the amount of your capital, you want to preserve, or leave it empty. 

10. In the Deviation/Slippage field, select an option and click OK in the Options window to close it.

11. Now you have completed the subscription process and the only thing you need is a VPS (Virtual Hosting) in order to copy the signal 24/7 without having your MT4 platform open all day long. 

12. Go to your account details in the Navigator window of your MT4 platform, right click in your account number or name and select the option Register a Virtual Server.

13. In the Virtual Hosting Wizard window that opens, the VPS with the lower Ping, ms value is presented automatically.

 


 

14. Select your payment plan for 1, 3, 6 or 12 months and click Next.

15. Tick the: I agree to the virtual hosting service rules and the auto renewal option below (if you want) and click Next. 




16. Complete your payment for the VPS Service

17. In the next window, tick the Migrate signal: account and settings option, click End and you are done.



Sergey Golubev
Moderator
106112
Sergey Golubev  

The last one:

FAQ https://www.mql5.com/en/forum/9950/page80#comment_2933360 

Different symbol name for provider/subscriber
https://www.mql5.com/en/forum/171222#comment_4136153 

Can I turn off my PC after subscribed to the signal?
https://www.mql5.com/en/forum/171248#comment_4137445  

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

That's all news

How to Start with Metatrader 5
How to Start with Metatrader 5
  • 2016.10.17
  • www.mql5.com
How to Start with Metatrader 5.
Meng Yin Teoh
2155
Meng Yin Teoh  
HENRYFOSTER:
For example if signal provider use broker with higher spread and slow quotes and I will use low spread broker with fast quotes. Will it help?


most likely it wont.

You can search some scalping signals here and read the reviews. You will find that almost all followers lost money while the provider made tiny pip.

12
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