Advantages of MQL5 Trading Signals to Traders over Other Indices Trading Signals Providers
This is a new kind of online indices trading signals service: based on strategies of real Indices traders, this is the first advantage. Each provider enrolled on the MQL5 stock indices signal sections has a proven track record of profitable trade transactions. All accounts of these stock indices signal providers are continuously monitored and tracked.
Most of the stock index trading signal providers are experienced traders, therefore for those traders wanting looking for this trading signal service, this is best place, a single place where copy paste signal subscribers can get to meet others who have profitable trade strategies & copy their trading signals.
So, What are Advantages of These Indices Signals Service to Traders
1. Stock Indices Signal Providers Are Experts Who Use Real Indices Trading Accounts That They Opened with Their Own Money
Every stock indices signal provider on the MQL5 forum is an expert using their own live account opened with their hard earned money to provide the trading signals. Take a look at the screen shot illustrated and shown below: the copy paste trading signal service provider name is "Attach to Chart", the copy & paste signal service is hosted on the MetaQuotes Server, The equity trading balance is $18,908.35 real money.
Live Trading Signals
Every live index copy trading signals provider is first registered in the community, upon signing up and registering they specify their real account, and this stock indices account is basis used to create the trading signals. Once a stock indices signal provider opens a trade on this stock indices account, then this trade is automatically generated & copied to sub-scribers.
This is first advantage, all transaction are generated on real accounts by experts: this way as a buyer of this trade signals service you know you are getting a good deal.
2. Implemented by MetaQuotes Software Corp. Owner of MT4 & MT5 Stock Indices Trading Softwares
There are hundreds of websites out there selling this indices signals service, but to for those traders who want to subscribe to copy paste signals there is really no sure way or method to determine which signal service is legitimate and as a buyer of copy paste signals there is no way to know who is behind the signal service.
But in MQL5, all providers are first registered on the forum which is operated by Metaquotes Software Corp. If you do not know Metaquotes Software Corporation. It's the owner of the MT4 & MT5 softwares that you are trading indices with, platform which you downloaded from your stock indices trading broker, your indices broker got it from Metaquotes Software Corporation.
All indices trade signals providers Must Register and must fill a registration form and send proof of ID and Proof of their Residence, After signup they then get a SMS confirmation of their registration signup. This way as the subscriber you get to know the person that you are dealing with.
In addition, when you subscribe you don't send money to the indices signals provider. You will open an MQL5 Community Account, and you will then use what's referred to as credits to subscribe. Credits is what is used to transact within this community. To get credit you deposit money within this community. This way you'll not be dealing direct with the other person, you'll be dealing with Metaquotes Software Corporation. And then company will handle all trades between you, the buyer, & the seller: all you have to do as a buyer is to get credits & you're setup to get all indices signals copied to your account without having to do anything else.
3. All Stock Indices Trading Signal Services are Tested & Have a Track Record of Profit Making
The examples screen-shot below shows a summary of the top ranked stock indices signals.
Real Time Updated Live Trading Signals
For each one of the indices signals provider above there is duration in weeks that the provider has been trading. For this duration the profit per month as a percentage is also recorded. The top ranked index signals above have the following track records:
- Duration - 7 weeks to 117 weeks
- Profit Per Month - 199% to 1,557%
In addition all the stock indices market signals providers must pass 1 month testing period where they must prove that their trading strategy is profitable, before getting registered on this list.
This way, the whole process is transparent & as a subscriber you always know what signal you're buying & the track record of profit making is.
This is advantage of this service over others out there: you get statistics that are tracked real time and updated weekly and their authenticity can be verified by viewing the detailed statistics and transaction history of a Indices trade signal provider where as others you just get a screen shot of previous transactions and their authenticity may not be verifiable.
4. Affordable Indices Price
One advantage of this service is that it is set at an affordable indices trading price, because there are many copy signal subscribers therefore the it's charged at an affordable fee. Anyone who is trading with MetaTrader software can subscribe directly from their platform: this is what makes the MQL5 forum to have a large subscriber base.
This is advantage, it is affordable as compared to other daily indices signals that charge expensive fees ranging from $100 dollars to upto $200 dollars.
Shown Below is example of the tops ranked stock indices signal providers for MT4 & MT5 softwares, the price is set at $40 dollars & $35 dollars each month.
Indices Price for The Top Ranked Trading Signals
Another advantage is that there are some indices trading signals that are free. Those traders looking for free indices trading signals or free live stock indices signals can go to Online stock indices signal service page & access the free stock indices signals as well as the paid for trading signals.
5. Easy Setup Directly from MetaTrader Stock Indices Trading Softwares
Once you subscribe to a indices signal, there is no need to setup an alert system, for examples there is no need to setup SMS alert or an Email alert, neither is it required to watch the stock indices trading market constantly 24/7.
This service can be accessed direct from the MetaTrader platform. All one has got to do is to setup and activate this directly from their platform.
The screen-shot below shows where a trader can access the Indices trade signals direct from their trading software. This is what makes this service the best stock indices signal copy trading service for traders.
MetaTrader Indices Software Toolbox - Indices Signal Setup Tab
3 steps to subscribe:
- Go to MQL5.com: Register an Account
- Specify Your Broker: a list of available brokers is provided when logged on your forum account.
- Account Number on Brokers' server (Password isn't required) .
The advantage is that when a trader completes this simple process of this indices setup, they will automatically receive these transactions from the provider that they choose copied to their accounts. Transaction will now execute in real-time on your MetaTrader 4 software as soon as they are generated.
For More Details, read these 2 guides:
6. TET - Trusted Execution Token Model in Stock Indices Trading
Trusted Execution Token or TET model is MQL5 automated stock indices trading signal system. This is how the TET model works:
Once you have signed up, all you've to do is to choose a indices trading provider. Once you select this, your platform will then connect to this stock index copy signal through the TET order execution system, and all their opened trades will be automatically executed in real time on your account, it is as simple as that.
There is no need to manually execute generated trade transactions or setup alerts such as an SMS alert, or look for any other custom indices trading signals software trade transactions generated are live & executed automatically by TET system
The Advantages of TET Execution Model in Indices Trading Are:
Minimum Delay in Trade Execution - with Trusted Execution Token - TET model trade deals are automatically executed and there is not any delay between the time signal is generated and when it is copied to account of the subscribing Indices traders.
No need to keep your trading platform online 24 7 - (TET) System automatically copies all trades on your account even if your indices platform is not launched.
