How to set signals to open ONLY 1 trade at a time

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momox
149
momox  

I have subscribed to a signal on MQL5, however I want to set it to only open 1 trade at a time. Once the trade hits TP or SL, then it can open another. Is there a way I can do this? 

Sergey Golubev
Moderator
106131
Sergey Golubev  
momox:

I have subscribed to a signal on MQL5, however I want to set it to only open 1 trade at a time. Once the trade hits TP or SL, then it can open another. Is there a way I can do this? 


I do not think so ... you (your Metatrader) will follow the signal provider.

Sergey Golubev
Moderator
106131
Sergey Golubev  

And this is the instruction about how to subscribe to trading signals - 

Forum on trading, automated trading systems and testing trading strategies

copy signals

Eleni Anna Branou, 2017.11.02 21:08

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
106131
Sergey Golubev  

More information about the Signal Service:

This is the information about where to start to.

Sergey Golubev
Moderator
106131
Sergey Golubev  
Aimak:

My understanding is that if the account's deposit is 1000 and you decide risking 5% this should open new trades using margin up to 50 euro. With a leverage of 1:500 this would allow up to 0.10 lots of total traded volume at a given time.


If the signal provider is having 120 trades so you as a subscriber should have 10 trades too (or error written in the log describing about why some trade was not opened).

Sergey Golubev
Moderator
106131
Sergey Golubev  

And about lot size for subscribers (deal volume):

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

How to Select a Deal Volume 
https://www.mql5.com/en/forum/9950/page93#comment_4052813  
https://www.mql5.com/en/forum/215636

How to Start with Metatrader 5
How to Start with Metatrader 5
  • 2017.02.01
  • www.mql5.com
I decided to create this thread to help to myself and to the others to start with Metatrader 5...
Eleni Anna Branou
Moderator
6630
Eleni Anna Branou  
momox:

I have subscribed to a signal on MQL5, however I want to set it to only open 1 trade at a time. Once the trade hits TP or SL, then it can open another. Is there a way I can do this? 


No, you can't do that as Sergey very well pointed out. You either following a signal (completely) or not.

momox
149
momox  
Ok thanks guys for the information :)

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