Discussion of article "Trading Signals in MetaTrader 5: A Better Alternative to PAMM Accounts!"
PAMM is better than trading signals.
The approach is different, earnings are different, responsibility is different. Application too.
It is absolutely impossible to compare these two types.
Signals are for housewives. This is our favourite mass market. :)
PAMM - for investors, funds and people who think about their risks.
| Signals | PAMM |
|---|---|
| Not tied to a broker | Work in the system of one broker |
| Depo loading is regulated by the investor himself. | The loading is carried out in full accordance with the trader's MM |
| Fixed subscription fee regardless of the final result | Payment only from the achieved maximum balance |
PAMM is better than trading signals.
I agree, it is not quite correct to compare PAMM service and trading signals. PAMM is a kind of a mutual fund, where the whole investment process is managed by a trader.
But in general, the service of trading signals is very useful and will find its consumer.
Perhaps MQ should think about developing PAMM service in MT5, because already now a huge number of traders use this service and, undoubtedly, it has a great future.
This really reduces users' expenses and simplifies their lives. Besides, not everyone has realised the side effect of TET (Trusted Execution Token) mode. This means that once TET is enabled (it is not yet live!) you can switch off the terminal and execution will run automatically through the cloud network. Safe and secure for the trader.
People mostly sit in PAMM accounts because there is no alternative. And we just provide a regular, effective and economical alternative.
Do not forget that PAMM accounts are prohibited in regulated companies. That is, most brokers don't even have a chance to launch PAMMs, but their traders can easily use the signals service, as it is completely independent from brokers.
Brokers themselves welcome the launch of the signals service, as they are interested in the growth of trading volumes.
- cloud.mql5.com
The service is good, but there is one problem: different accounts have different trading conditions.
Therefore, it is necessary to provide additional information about the account of the signal provider. Otherwise, orders executed on the account of the signal provider, in case of inconsistency with trading conditions on the account of the receiver of signals, will lead to the fact that some orders on the receiver will not be executed.
Checks will be both at the subscription stage and at the real-time stage.
One thing is not clear, where should the provider's trading accounts be located, at the MC?
- www.mql5.com
Consider that PAMM-service is already dead.
Consider that PAMM-service is already dead.
I doubt it. Traders, investors and even PAMM managers now have additional freedom of choice.
But other similar services have a bummer in the form of worthy competition.
It is good when there is a choice. I.e. when MT5 will provide both trading signals service and PAMM-accounts service. And let the users choose what they like.
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New article Trading Signals in MetaTrader 5: A Better Alternative to PAMM Accounts! is published:
We are pleased to announce that MetaTrader 5 now features Trading Signals, thus giving a powerful tool to investors and managers. While you are following the trades of a successful trader, the terminal will be automatically reproducing them in your account!
The MetaTrader 5 terminal is continuously evolving as new functions and options are added. And Trading Signals represent yet another important feature offered to traders. The standard function allowing to automatically copy trades of another trader is now available to all MetaTrader 5 users. This is a ready-made simpler solution for those who are used to investing in others or managing someone else's funds.
The use of the Trading Signals in MetaTrader 5 is made as simple as possible. In addition, the paperwork required to document relations between investor and manager is eliminated altogether and all risks are minimized. There are virtually no settings as such and signals from your signals supplier are handled automatically.
It takes only four simple steps to start using the MetaTrader 5 trading signals. These steps are described in the article "Trading Signals in MetaTrader 5: A Better Alternative to PAMM Accounts!"
Author: MetaQuotes