PLEASE Help: I cannot find the answer to my simple question in this massive amount of info:

New comment
 

1 When I subcribe and copy a signal of a trader, do I then still need to go thruogh the process of setting up a broker  or does the platform automatically trade for me and is it click and sit back?

2 do I open a new window for every seperate account?

thanks a lot in advance


Jay

 

Yes, you need to perform the initial setup on a desktop MetaTrader terminal.

You don't need to open any windows for each separate trading account, but you will need to perform each signal subscription setup for each trading account separately.


Make sure you've done everything as described here: 

How to Subscribe to MT4/MT5 Signal

https://www.mql5.com/en/forum/189731  (MT4)

https://www.mql5.com/en/forum/336422  (MT5)

 
Eleni Anna Branou #:

Yes, you need to perform the initial setup on a desktop MetaTrader terminal.

You don't need to open any windows for each separate trading account, but you will need to perform each signal subscription setup for each trading account separately.


Make sure you've done everything as described here: 

How to Subscribe to MT4/MT5 Signal

https://www.mql5.com/en/forum/189731  (MT4)

https://www.mql5.com/en/forum/336422  (MT5)

Ok thanks for that, and for every account I will need to be set up with a broker, seperate from my signal subscription..
 
abcjoris #:
Ok thanks for that, and for every account I will need to be set up with a broker, seperate from my signal subscription..
If you want to apply a MQL5.com signal subscription to each one of your trading accounts, yes you will need to set them up separately one by one.
 
Eleni Anna Branou #:
If you want to apply a MQL5.com signal subscription to each one of your trading accounts, yes you will need to set them up separately one by one.

And now, most importantly: This means that  I need to be sure that the broker I use has the same trading pairs available as the signal EA provider!!! Is my understanding correcton this topic?

again thanks for your info!!!

 
abcjoris #:

And now, most importantly: This means that  I need to be sure that the broker I use has the same trading pairs available as the signal EA provider!!! Is my understanding correcton this topic?

again thanks for your info!!!

Yes, exactly, its better to ask the signal provider for the best broker/server setups or check the Slippage tab of the signal you are interested in, for the broker/server setups most other subscribers use.

Prefer those with the most executed trades and the lowest slippage, on the upper green and yellow values.

New comment