Discussion of article "How to Become a Signals Provider for MetaTrader 4 and MetaTrader 5" - page 35
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hello. There are a number of questions:
1) Why give an investor account for common use ?( for security service is not against it). In fact, a person subscribes for a month, gets my invest password, and all the following will just copy my trades having my invest password, which I as a provider can not change, otherwise my signal will be blocked.
2) Name, surname and propiska will also be available for subscribers or only for security service, and for subscribers only Nick-name and country (so far as I see users+contacts: mail, social networks) ?
3) Is it possible to connect a pamm account? Or it will be considered as creation of unnecessary risk for subscribers (as the capital will be entered and withdrawn, accordingly the lotage will change during the month).
4) Trading situations:
a) Opened a trade. Set stop orders. At night a stop worked when my terminal was switched off. Will it work for subscribers? (stops are automatically set for them too?).
b) Opened a deal from yesterday. I got up early in the morning, saw the hopeless position of the deal, I close it with my hand until the price touched the stop.(for example, on retest).
Subscriber who is still asleep (terminal is switched off), or even worse, has gone somewhere for a couple of days, is suffering a loss?
c) Pending orders are also postponed for subscribers or they all open a deal upon opening on my terminal? (again, a pending order can work early in the morning, the subscriber does not get the signal and exits).
Hello. There are a number of questions:
1) Why give an investor account for common use ?( for security service is not against it). In fact, a person subscribes for a month, gets my invest password, and all the following will just copy my trades having my invest password, which I as a provider can not change, otherwise my signal will be blocked.
2) Name, surname and propiska will also be available for subscribers or only for security service, and for subscribers only Nick-name and country (so far as I see users+contacts: mail, social networks) ?
3) Is it possible to connect a pamm account? Or it will be considered as creation of unnecessary risk for subscribers (as the capital will be entered and withdrawn, accordingly the lotage will change during the month).
4) Trading situations:
a) Opened a trade. Set stop orders. At night a stop worked when my terminal was switched off. Will it work for subscribers? (stops are automatically set for them too?).
b) Opened a deal from yesterday. I got up early in the morning, saw the hopeless position of the deal, I close it with my hand until the price touched the stop.(for example, on retest).
Subscriber who is still asleep (terminal is switched off), or even worse, has gone somewhere for a couple of days, is suffering a loss?
c) Pending orders are also postponed for subscribers or they all open a deal upon opening on my terminal? (again, a pending order can work early in the morning, the subscriber does not get the signal to exit).
You don't need to worry about 1 and 2 points - everything is safe (nobody sees anything except your name and surname on the site).
But these links should be read thoroughly, after that there will be no questions (it is obligatory to read them if you decide to become a signal provider).
https:// www.mql5.com/ru/articles/591
https:// www.mql5.com/ru/articles/523
https:// www.mql5.com/ru/articles/618
You don't need to worry about the 1st and 2nd points - everything is safe (nobody sees anything except your name and surname on the site).
But these links should be read thoroughly, after that there will be no questions (it is obligatory to read them, if you decided to become a signal provider).
https:// www.mql5.com/ru/articles/591
https:// www.mql5.com/ru/articles/523
https:// www.mql5.com/ru/articles/618
1) I have read it, that's why I paid attention to it:
"When publishing a new trading signal, the provider must specify:
5) Investor password.This password allows you to login to the trader's account in READ ONLY mode and view current trading operations and their history. This password is sufficient to "read" current trading operations and then distribute them among subscribers. At the same time, this password does not allow you to manage your trading account and perform trading operations. If you specify a master password, the signal will not be connected."
"Rules of use of the "Signals" service"II. 11) The Signals Provider undertakes to make every effort for uninterrupted broadcasting of its Trading Signals: to provide access to its trading account by investment password and not to change it during the whole period of Subscription validity.
III. 10) Change of the investor password on the trading account of the Signal leads to automatic termination of the Trading Signals broadcasting and is considered a violation of the Rules of the "Signals" service on the part of the Signals Provider".
ZY: The person has already got access to my trading account (via investment password) after the first month of subscription.(or weekly). Yes, he can't open trades instead of me, but it doesn't prevent him from watching the moment of opening, watching stops and controlling my trade on the 2nd monitor. Or even funnier - to duplicate it as a supplier from another account))))
ZY2: Did I understand the principle of investment password correctly? (everything is visible but nothing can be done)
2) " Thus, in order to protect the interests of subscribers, signal providers must specify some personal data: name and surname, residential address, contact phone numbers and a scan of passport or similar document.
This information may be required in case there are any disputes between the subscriber and the provider. We also guarantee that this information will not become available to third parties."
SZY: So, if I drain my account with signals subscribed to by some guy, they can come to me to settle the conflict?))))
3) I have not found information about pending orders of the provider and their execution at subscribers.(to open a deal). Or do you mean daily synchronisation (when starting MT4) which will ask6 "to open an already opened deal or not.". In this case I come to the conclusion that the copier does not place orders for opening......
Subscribers don't know or receive your account password.
No shit. I won't even give my account password to the admins.) I'm talking about the investor password. I did not just pull out quotes from the rules in the previous post.
Addendum: or investment password for admins (automatic mailing programme) - for sending trading signals to subscribers (i.e. for the service). That is, subscribers will not know my investment password. Just me and the company?
No shit. I won't even give my account password to the admins.) I'm talking about the investor password. I did not just pull out quotes from the rules in the previous message.
Addendum: or investment password for admins (automatic mailing programme) - for sending trading signals to subscribers (i.e. for the service). That is, subscribers will not know my investment password. Just me and the company?
Subscribers do not know and do not receive your investment password to the account. Only the signals service (its software) needs the investment password.
Subscribers do not receive the investment password, only commands to open/close trades are sent to them (their terminals), if the signals service, monitoring your account through the investment password, notices a change in the number of open positions.
If the access to your account using the investment password known to the signals service stops (for example, you change it in the terminal, but not in the signal settings), the signals service will not be able to send commands to your subscribers. That is why the rules say about "providing uninterrupted access".
Pending orders are not copied. Only when a pending order turns into an open order, subscribers receive a command to open the corresponding position.
P.S. It was recommended to read the articles, not just read them.
It would be cool if after 4 years of the service's existence it was you who managed to find a huge security hole that negates the need to pay for a subscription for more than a week ).
Subscribers do not know and do not receive your investment password to the account. Only the signals service (its software) needs the investment password.
Subscribers do not receive the investment password, only commands to open/close trades are sent to them (their terminals), if the signals service, monitoring your account through the investment password, notices a change in the number of open positions.
If the access to your account using the investment password known to the signals service stops (for example, you change it in the terminal, but not in the signal settings), the signals service will not be able to send commands to your subscribers. That is why the rules say about "providing uninterrupted access".
Pending orders are not copied. Only when a pending order turns into an open order, subscribers receive a command to open the corresponding position.
P.S. It was recommended to read the articles, not just read them.
It would be cool if after 4 years of the service's existence it was you who managed to find a huge security hole that negates the need to pay for a subscription for more than a week ).
That's the answer I was waiting for. Succinct. Thank you)
Karputov Vladimir, thank you also for your reply.
That's the answer I was waiting for. Succinct. Thank you)
Yuriy Bykov, thank you also for the answer..... and for your patience).
And wasn't there this information on the links, you said you read ....?
No thanks :)
Didn't the links have this information, you said you read .....
No thanks :)
I didn't find any information about the postponements. And about the investment password I misunderstood.
"No thanks necessary :) I do. It is a nerve-wracking job to have to chew out the same thing 10 times for every dull-witted person -.... I have experience, I was getting burned))))