Does someone tried to copy scalping strategies from forex social networks?
There is one signal network here: https://www.mql5.com/en/signals
so any discussion about the other service may be limited here sorry.
- www.mql5.com
There is one signal network here: https://www.mql5.com/en/signals
so any discussion about the other service may be limited here sorry.
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?
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.
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
Sergey Golubev, 2016.12.30 20:14
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.
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.
calculator of the signal (it is strongly recommended touse this tool before subscription):
- Introduction
- 1. Restrictions of use
- 2. Manual for using the calculator of signals
- 2.1. Getting started
- 2.2. User interface
- 2.3. Obtaining copy ratio
- 2.4. Copy ratio calculation details
- 2.5. Mapping is impossible
- 3. Developing the calculator of signals
- 3.1. Interface design
- 3.2. Creating canvas on the panel
- 3.3. Two-dimensional array. Sorting
- 3.4. New control — CTableListView
- Conclusion
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
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That's all news
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.
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