Discussion of article "How to Become a Signals Provider for MetaTrader 4 and MetaTrader 5" - page 70
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Hello.
I have such a question, maybe someone has encountered or the administration can clarify.
There is a signal from broker A, which has a standard lot size 10 times smaller than that of broker B (and many other brokers). Therefore, to achieve the expected performance, the Expert Advisor working on this signal should open positions 10 times larger than on the signal account with other brokers.
If a subscriber from broker A comes to this signal, everything is fine - the subscriber opens positions proportional to the positions on the signal and the results correspond to the signal.
But what happens if a subscriber from broker B comes to this signal? The Signals service takes into account the difference of standard lots and the subscriber's positions will be automatically reduced by 10 times? Or the subscriber will get positions proportional to the signal positions, which will give 10 times more risk and loss/profit?
I would like to understand whether it is necessary to specify this separately in the signal description, or if it is possible not to worry about it.
Good day please tell me if it is possible to connect signal broadcasting on cent accounts?
There was an announcement about it.
I would like to understand whether it is necessary to specify this separately in the signal description, or if it is possible not to worry about it.
Just give them a link to this part of the article
Managing Funds or How to Select a Deal Volume?Money management or how to choose a trade volume? (there is an example there)
and they (potential subscribers) can calculate it themselves, substituting their own figures.
Or this part of the article (with an example) in English -
and there are more in languages -
Just give them a link to this part of the article
Managing funds or how to choose the volume of a deal? (there is an example)
and they (potential subscribers) can calculate it themselves, substituting their own figures.
The point is that this article assumes that 1 lot on the signal account and 1 lot on the subscriber's account are the same values. If it is not so, then the calculated volume according to the example from the article should be additionally corrected in proportion to the ratio of 1 lot on the signal to 1 lot on the subscriber's account. The question was whether there is such a correction now (and the article simply does not mention it, as it is rare)?
Let me give an example to illustrate why I think this is important. Suppose a signal opens a 1 lot position, the price passes 100 pips and the floating profit is -$10. But in the signal's account 1 lot is 0.1 of 1 lot in the subscriber's account. If the subscriber with the ratio of other parameters (deposit, leverage, account currency) should open positions in the amount of 100% of the signal, then if he opens 1 lot, he will get a floating profit of -$100 for the same 100 points. It turns out that the subscriber in this case automatically trades with the equivalent size of positions increased by 10 times.
The point is that this article assumes that 1 lot on the signal account and 1 lot on the subscriber's account are the same values. If this is not the case, then the calculated volume according to the example in the article should be additionally corrected in proportion to the ratio of 1 lot on the signal to 1 lot on the subscriber's account. The question was: is there such a correction now (and the article simply does not mention it, as it is rare)?
Let me give an example to illustrate why I think this is important. Suppose a signal opens a 1 lot position, the price passes 100 pips and the floating profit is -$10. But on the signal's account 1 lot is 0.1 of 1 lot in the subscriber's account. If the subscriber with the ratio of other parameters (deposit, leverage, account currency) should open positions in the amount of 100% of the signal, then if he opens 1 lot, he will get a floating profit of -$100 for the same 100 points. It turns out that the subscriber in this case automatically trades with the equivalent size of positions increased by 10 times.
I don't really understand ...
All figures there are taken from the history in Metatrader, and where there is 1 lot - there is 1 lot (as it is written).
Also, how he (subscriber) trades without subscription.
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Everything is simple for the subscriber: the subscriber periodically displays information (in the Metatrader log or in the MQL5 VPS log if he uses it) about the current balance of the provider and the leverage of the account, and the current balance of his (the subscriber's) account and the leverage of the subscriber's account.
And the coefficients are automatically calculated.
The data is taken from the history in Metatrader (not from the broker's server).
And the leverage of accounts is taken into account (at the subscriber and at the provider), and the percentage of deposit loading is taken into account - it is put into the calculation,
and the coefficient is automatically displayed in percents as a result: the ratio of provider's and subscriber's volumes.
And all this is periodically displayed in the subscriber's journal.
The figures are taken from the history in Metatrader.
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This is for Forex symbols.
Many (almost all of them, probably) non-Forex symbols are not copied, because many of them have margin calculation in the symbol specification - not Forex.
For example, if I subscribe, Gold (or XAU/USD or XAU/USD_i and so on) will not be copied to me, because there margin calculation in the specification - not Forex:
It will also not be copied - if the subscriber has more than one symbol (which is offered by the broker).
For example, one EURUSD and another EURUSD_i, in this case there will be no copying on euro/dollar.
This is mapping: see review post #2
I don't really get it ...
Yes, I didn't realise it immediately when I came across it either, as I thought that 1 lot is always 1 lot at any broker. It turns out, not at any broker. There is such a broker, where 1 lot is the volume, which is 0.1 lot in other brokers. It is honestly written on the website of this broker, but I found this information only after I noticed that the Expert Advisor on the account of this broker opens the same positions as a similar Expert Advisor of another broker, but the results are about 10 times less.
How do I make the signal private to monitor, not public?
Hi Everyone
I have great the signal group but is show disable. It gave me an error msg of Authorization failed. Please check trading account data. but is showing my account balance.
Do you any know what i must do?