"Signals" in Options under Tools, disappeared!
- How to config rented VPS
- Where is the settings window?
- I am not able to copy the signal.
After signing up for a signal, we usually go to "Tools" in a MT5 or MT4 trading platform, click "Options", and click on "Signals" to adjust our setting and stop loss level. But that "Signal" under "Options" disappeared! Any updates on this?
Please search 🔍 before you post. Signals on demo or cent accounts (or private signals) are no longer allowed ...
Forum on trading, automated trading systems and testing trading strategies
The Signals service is in decline
Renat Fatkhullin , 2024.01.17 12:07
Along with the release of MetaTrader 5 this Friday, there will be the following changes:
- Support for signals on any non-real accounts (demo, contest, cents, etc.) for MetaTrader 4 and MetaTrader 5 is completely removed
- The ability to register demo or private signals on the site is removed
- The ability to create free signals is removed
- MQL5 functions SignalsXXXX are abolished; they return empty data and the code ERR_MQLAPI_FUNCTION_NOT_ALLOWED
- Signals can only be created by users who have received seller status
With these steps we will clear the service of garbage, free up a lot of resources and create a clean storefront.
The next step will be to reform the terms of the account with a signal subscription :
- Any copiers are prohibited - they are the ones who stole our signals service
- Connections with read only passwords are prohibited - this is how they are stolen from other people’s copy trading services
- All MQL5 functions will produce empty open positions/orders/trade history - copiers will be useless
- Inability to bypass these conditions by connecting from other copies of terminals
This will improve the quality of the service.
It was officially announced here:
- New MetaTrader 5 Platform build 4150: Trading report export and new machine learning methods in MQL5
4. Terminal: Disabled support for the Signals service for demo accounts. To access enhanced statistics on your training accounts, use the new trading report . It features a plethora of metrics characterizing your strategy profitability and risks, including growth, balance and equity graphs, diagrams of trade distribution by direction and instruments, and much more.
12. MQL5: Disabled and deprecated Signal* functions. They will now return empty signal sets.
Please search 🔍 before you post. Signals on demo or cent accounts (or private signals) are no longer allowed ...
It was officially announced here:
- New MetaTrader 5 Platform build 4150: Trading report export and new machine learning methods in MQL5
4. Terminal: Disabled support for the Signals service for demo accounts. To access enhanced statistics on your training accounts, use the new trading report . It features a plethora of metrics characterizing your strategy profitability and risks, including growth, balance and equity graphs, diagrams of trade distribution by direction and instruments, and much more.
12. MQL5: Disabled and deprecated Signal* functions. They will now return empty signal sets.
To MQL5- you've probably cancelled the signal service on demo accounts for whatever financial reason, and are trying to make more money.
Just to let you know, I pay for 6 subscriptions at $30 pcm minimum, and planned to add more, I'm one of the people that uses demo accounts, for 2 reasons-
the 1st reason is that it helps me gain confidence in the signal, especially when I first started trading with my hard earned cash,
and the 2nd more complicated reason is that I live in the UK, where UK brokers limit leverage to 1:30, so us Brits have to find brokers abroad that will accept us as clients, I use Blackbull markets for my live accounts, 2 of my signal providers use IC markets, IC Markets will not accept UK citizens as clients, i tried to copy the 2 signals mentioned, to my Blackbull accounts but because of different symbols it don't work, to get around this issue I opened IC Markets demo accounts to copy the signals then copied them to my Blackbull accounts.
I'm not stealing anything, I'm not trying to resell anything.
I'm going to have to cancel the 2 profitable IC Markets signals, so these 2 guys will lose out as well. [names redacted by moderator]
You have basically shafted UK traders, and anybody else who trades like I do.
The other issue that you have, is that you only allow one signal per platform, which is very limiting to a strategy, copytrading apps are perfect for making stress free strategy using multiple signals. Im sure your signal providers use copy trading EA's to utilise multiple bots on different accounts.
Please rethink what you are doing.
The other issue that you have, is that you only allow one signal per platform
One signal subscription per trading account, not per platform.
Because one platform may have many trading accounts in case they/accounts are using MQL5 VPS for example.
------------------------
There is one option: the subscriber can move the subscription from one trading account to an other one (within MT4 platform or within MT5 platform).
I do not know how it works to be moved from demo to real account now, but the subscribers are using this option.
------------------------
Im sure your signal providers use copy trading EA's to utilise multiple bots on different accounts.
So, the trade copiers will not work soon (or they do not work now).
------------------------
It is how I understand the situation.
- 2023.12.15
- www.mql5.com
One signal subscription per trading account, not per platform.
Because one platform may have many trading accounts in case they/accounts are using MQL5 VPS for example.
------------------------
There is one option: the subscriber can move the subscription from one trading account to an other one (within MT4 platform or within MT5 platform).
I do not know how it works to be moved from demo to real account now, but the subscribers are using this option.
------------------------
So, the trade copiers will not work soon (or they do not work now).
------------------------
It is how I understand the situation.
Sergy from what i understand from the explanation ONLY accts subscribed to a signal is not allowed to have any EA even those that we buy running coz due to synch issues, and included copier to avoid and close loop of users using copier to resell signals. I do agree with Joe Markey that I also used demo to subscribe previously in order to have even more control over the risk, eg, i can also filter some symbols that i dont want to copy from provider or map some symbols that mql cant (especially indicies or even if brokerage has xauusd but its indicated as cfd for under margin calculation as these brokerages limit the leverage for this symbol).
I do understand mql point of view and have reported a few copy cats to Eleni to stop these members.
For the question of providers using various EAs on mt then use copier to copy trades to their live signal acct, they are not using subscription. Only SUBSCRIBED live acct has no ability to use any EA. This also close the loop for any app that is a copier but dont need an EA to be placed onto mt4/mt5 (eg a web/cloud base copier)
To MQL5- you've probably cancelled the signal service on demo accounts for whatever financial reason, and are trying to make more money.
Just to let you know, I pay for 6 subscriptions at $30 pcm minimum, and planned to add more, I'm one of the people that uses demo accounts, for 2 reasons-
the 1st reason is that it helps me gain confidence in the signal, especially when I first started trading with my hard earned cash,
and the 2nd more complicated reason is that I live in the UK, where UK brokers limit leverage to 1:30, so us Brits have to find brokers abroad that will accept us as clients, I use Blackbull markets for my live accounts, 2 of my signal providers use IC markets, IC Markets will not accept UK citizens as clients, i tried to copy the 2 signals mentioned, to my Blackbull accounts but because of different symbols it don't work, to get around this issue I opened IC Markets demo accounts to copy the signals then copied them to my Blackbull accounts.
I'm not stealing anything, I'm not trying to resell anything.
I'm going to have to cancel the 2 profitable IC Markets signals, so these 2 guys will lose out as well. [names redacted by moderator]
You have basically shafted UK traders, and anybody else who trades like I do.
The other issue that you have, is that you only allow one signal per platform, which is very limiting to a strategy, copytrading apps are perfect for making stress free strategy using multiple signals. Im sure your signal providers use copy trading EA's to utilise multiple bots on different accounts.
Please rethink what you are doing.
I 100% agree with this. I guarantee this is going to backfire on MQL5 in the long run. I myself always use demo accounts to first test a signal live and to ensure it fits my style and risk management. Statistics cannot replace live trading in my opinion and I refuse to risk my own money on a signal until I confirm the trading live on a demo account. [Redacted — 3rd party recommendations are not allowed on the forum]
Thanks for the backup Justin. [Redacted — 3rd party discussions are not allowed on the forum]
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use