when a subscriber copy a signal where there is already open position, when the position closes the subscriber actually opens a position.
is this correct?
I did not understand sorry ...
if it is related to the following: you are going to subscribe to the signal provider who are already having open position - so - [next post]
It is not advisable to begin copying a signal with open positions - wait for the signal to close all positions and then synchronize with ithttps://www.mql5.com/en/forum/212246#comment_5526080 -
Forum on trading, automated trading systems and testing trading strategies
MT4 open more position of MQL5 Signals
Eleni Anna Branou, 2017.07.28 22:46
Your account copies the already opened positions of the signal you are copying (as Sergey very well pointed out in his reply).
It is highly advisable to wait for the signal to close all positions and then synchronize with it, in order to copy any new positions afterwards.
If you read carefully the instructions for signal copying (here in MQL5.com) you will see that its not advisable to begin copying a signal with open positions. See below:
The client terminal protects traders against obvious errors to the maximum possible extent.
Suppose that we have an account subscribed to a signal. If all trading signals are allowed in the terminal, the trading account will be synchronized with the Provider's one during authorization. It's not recommended to have on your trade account positions and orders that are not based on the provider's signals. They increase the overall load on the account as compared with the signal provider.
It is critically important to synchronize during the right market conditions to ensure the security of the Subscriber's account. Automatic synchronization works only in case the total floating profit of a Signals Source is negative or equals to zero. Therefore, it is guaranteed that Subscribers will enter the market at the price, which is not worse than the one, at which the Signals Source entered the market. This is an important psychological component of how traders evaluate the quality of copying a signal.
If a profit on the Provider's account is positive, the appropriate window will appear explaining the situation and offering to wait for better market conditions. Traders may accept the risk and synchronize immediately.
Information about consent to use signals, as well as about forced synchronization will necessarily be fixed in the terminal's journal. Besides, each deal performed via the Signals service has special "signal" reason type allowing to easily identify such operations. All this has been done to protect subscribers and providers allowing them to manage any possible disagreements with greater accuracy.
Let's examine two examples of initial synchronization:
In case of connection loss, order placing error, terminal shutdown etc., the account will be re-synchronized with the Signal Source. In this case, the entire Subscriber's and Provider's sets of orders will be checked. Deals closed by the Provider are also closed at the Subscriber's side, while new Provider's deals will be also opened at the Subscriber's side at the price, "which is not worse than the Provider's one".
When a subscriber subscribes to a signal when there is an open position, it will open in his/her account at the price of the moment he/she subscribes.
If the position is closed from the signal provider end, it will close for the subscriber also.
If you mean something else, rephrase it.
means if signal provider already had opened position and halfway a new subscriber copies the signal, the previous opened position when it closes will become a enter for the subscriber
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