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Multiple signal providers on account while also making manual trades?

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mish
321
mish  

Can someone please help me out here,

Can I trade multiple signal providers on one MT4 account while also making manual trades myself?

Thanks in advance 

genzodiwa
432
genzodiwa  

Short answer

No

---> Because each real account you have can only be subscribed to one signal.

------> You can however then do manual trading on that account.

More complicated answers

Yes #1

---> If your provider allows you to have more than one account (most do) but then your money is split up

I see a benefit of copying multiple signals on one account --- When one is failing hopefully the other makes up for it.

Yes #2

---> You can but it's a bit complicated - you will need to first get a good grip on how copying a specific signal with different providers than your own can affect your account.

Some of the things you have to look out for is.

Does your provider force you to follow by FIFO rules?

Does your provider prevent your from having both an open and close symbol simultaneously?

Does your provider have a different symbol for the trading symbol than your signal provider (mine for example has AUDUSDm instead of just AUDUSD)?

Does the signal provider have a balance of 1000000 while you only have 100?

Does your signal provider and your account have the same leverage?

Once you have those facts down you can contact me for further info.

Alain Verleyen
Moderator
31203
Alain Verleyen  
mish:

Can someone please help me out here,

Can I trade multiple signal providers on one MT4 account while also making manual trades myself?

Thanks in advance 

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