Can I trade beside bought Signal ?

Tutmozis
22
Tutmozis  

Dear Forum users.

I currently use EA for trading.

I want to try using signals too what you can bought for $30 or so.

Can I still use my EA beside bought Signal at same account, or I need to open new account for that ?

Fernando Carreiro
7052
Fernando Carreiro  
Tutmozis: I currently use EA for trading. I want to try using signals too what you can bought for $30 or so. Can I still use my EA beside bought Signal at same account, or I need to open new account for that ?

If you use the same account, the signal will override your EA trades and just close them. So, you have to use separate accounts for the Signal and the EA.

Juvenille Emperor Limited
Moderator
18025
Eleni Anna Branou  
Tutmozis:

Dear Forum users.

I currently use EA for trading.

I want to try using signals too what you can bought for $30 or so.

Can I still use my EA beside bought Signal at same account, or I need to open new account for that ?

Yes, you can. The MQL5.com signal system will recognize and avoid managing any non-signal subscription trades.

Fernando Carreiro
7052
Fernando Carreiro  
Eleni Anna Branou: Yes, you can. The MQL5.com signal system will recognize and avoid managing any non-signal subscription trades.
That is strange! From all the comments I have read over the years of people complaining of the signal overriding their own trades, that does not seem to be the case!
Fernando Carreiro
7052
Fernando Carreiro  
Eleni Anna Branou: Yes, you can. The MQL5.com signal system will recognize and avoid managing any non-signal subscription trades.

That seems contrary to what is stated in the signal rules:

IV. Subscription to Signals

20. Execution of your own trades in the account which is subscribed to a Signal constitutes an interference and can lead to unpredictable results.

Rules for copy trading in MetaTrader 4 and 5 - the Trading Signals service
Rules for copy trading in MetaTrader 4 and 5 - the Trading Signals service
  • www.mql5.com
Terms of Service Trading Signals: Signal Providers, how to create a signal subscription signals.
Juvenille Emperor Limited
Moderator
18025
Eleni Anna Branou  
Fernando Carreiro:

That seems contrary to what is stated in the signal rules:

Even though it is mentioned in the rules, it is not the case (at least anymore) Fernando, the system scans all trades and skips from managing all those that do not correspond to the signal subscription.

Fernando Carreiro
7052
Fernando Carreiro  
Eleni Anna Branou:Even though it is mentioned in the rules, it is not the case (at least anymore) Fernando, the system scans all trades and skips from managing all those that do not correspond to the signal subscription.
Thank you for the update!
Juvenille Emperor Limited
Moderator
18025
Eleni Anna Branou  
Fernando Carreiro:
Thank you for the update!

You're welcome Fernando.

Tutmozis
22
Tutmozis  
Thank you for you answers !

I decided to open another account, because I programmed my EA to have strict SL and TP.
While I can't control signal offers, so it's a bit risky I guess. Better to use for Signals limited capital, in case they take too big risk and fail.
Sergey Golubev
Moderator
122985
Sergey Golubev  
Tutmozis:
Thank you for you answers !

I decided to open another account, because I programmed my EA to have strict SL and TP.
While I can't control signal offers, so it's a bit risky I guess. Better to use for Signals limited capital, in case they take too big risk and fail.

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.

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

How to Subscribe to MT4/MT5 Signal -
https://www.mql5.com/en/forum/189731
  (MT4)
https://www.mql5.com/en/forum/336422
  (MT5)
How to Subscribe to a MT4 Signal (new instructions, after 1065 version upgrade)
How to Subscribe to a MT4 Signal (new instructions, after 1065 version upgrade)
  • 2017.04.10
  • www.mql5.com
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...