Copying deals of successful traders to your terminal, Trading Platform Definition and How to Pick One


Watch video: Trading signals showcase How to choose a trading signals and subscribe to it for a couple of clicks?

How to copy trades from MyFxBook into your MT4 chart

Its easy! Watch the video and you will know everything about trading signals.

Showcase of Signals at MQL5. Rating To help you choose the best signals, we compile a rating of signals based on various criteria.

How to Subscribe to a Signal

Top ranked signals show up first in the list. And vice versa, low rated signals are hidden from the Showcase on the site and in trading terminals to protect subscribers from poor-quality strategies. Selection of Signals with the Best Conditions The showcase of signals provides a special function for selecting signals with the most suitable conditions for copying.

You just need to specify the name of the server your trading account is opened at. The system will pick up signals with the best matching settings of trading instruments and the lowest slippage. Warning When selecting a signal, make sure to carefully analyze the entire complex of how to make real money real tips reports. Pay attention to the warnings that are displayed on the signal page.

Sorting and Filtering To select signals based on specific criteria, use the sorting and filtering functions.

Open the signal you are interested in by clicking on its name. Account monitoring page will appear. The page shows the complete trade statistics of the account including the history of trading operations and the current state of trading positions.

Copying deals of successful traders to your terminal you are satisfied with the signal including its priceyou can subscribe to it. Click "Copy Trades".

copying deals of successful traders to your terminal

The trading terminal is launched. The selected signal page appears in the terminal at once, and the subscription confirmation window is opened. Subscription process is described below.

Trading signals in the client terminal You can choose a signal and subscribe to it directly via the client terminal. Open "Signals" tab of "Toolbox" window. Watch video: Detailed statistics of a trading signal For your convenience, the most valuable parameters of trading signals are placed in a separate block. From this video you will find out where to find them and what to pay attention to.

When connecting to a real account, only signals based on real accounts are displayed in the list. Only the first one thousand signals sorted by their rating are displayed in the terminal's showcase. Other signals can be found via MQL5. Basic parameters are displayed in the signals list: Growth graph. One means that these parameters are equal. Also, "Add to Favorites" button can be found in this column allowing you to add a signal to Favorites.

For more details, please view our full disclosure. Leave a reply This post is brought to you and contributed by an outside writer. The foreign exchange market offers numerous opportunitiessuch as flexible trading hours and high leverage ratios.

The list can be sorted by any of the above parameters. To reset the sorting, click the upper line of the growth graph column. Double-click the signal to see a detailed information about it. Watch video: Subscribe to a trading signal How to subscribe to a signal and what parameters to set up: should you copy the stop levels, what part of your deposit will take part in copying and what slippage to choose?

Click "Subscribe" at the top of the toolbar. When clicking on a name, you will move to a signal's description on MQL5. When clicking on it, you will move to the provider's MQL5. The value is specified in percentage from the initial value. To perform a payment, you can use your MQL5. To do this, select MQL5 payment method. Enter the password of your MQL5. The specified amount is deducted from your account, and you will go to setting up copying of trade operations. The signal page will display a message about a successful subscription as well as subscription details and other useful information.

If your MQL5. To maintain a clear and unified history of subscriptions, the required amount will be first transferred to your MQL5.

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After selecting a payment method, the page of a corresponding payment system is opened. Specify the necessary payment data: your login and password in the payment system or card information. Subscribing to a signal, you agree to the Rules of Using the Signals Service. To copy trade operations to an account, you need to be always connected authorized in the client terminal using that account.

A real account cannot be subscribed to a signal based on a demo account. If a mismatch is detected, the corresponding warning is displayed in the subscription window.

It is recommended to the signals with matching trading conditions. No deals will be copied to your account until you activate "Enable realtime signal subscription" option in your trading terminal. Otherwise you may waste copying deals of successful traders to your terminal money due to inability of copying trade signals.

After subscribing, move to the client terminal setting. Client Terminal Setting To configure the signals in the client terminal, open the settings window and move to "Signals" tab. Read the rules carefully. If you agree, check the box next to the option. If you do not agree with the rules, do not use the Signals service.

No operations will be copied to the account in case the option is disabled. The settings below will become editable only after enabling this option. These orders are executed at the broker's side. It means that they are executed regardless of whether the client terminal has been 24 option bonus or not.

Also, execution can be performed at completely different brokerage companies if subscriber and provider have different brokers. Therefore, it is guaranteed that a position will be closed when copying Stop orders in case a specified profit and loss levels have been reached.

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When subscribing to a signal, trading states of the Subscriber's and Provider's accounts are synchronized. This can be a primary synchronization when activating the subscription or a re-synchronization during copying.

If pending orders or non-signal positions opened manually or by an Expert Advisor are detected at the Subscriber's account during synchronization, the dialog offering to close the positions and remove the orders is displayed.

If during the initial synchronizationa provider account has floating unfixed profit, a user will see a dialog window offering to wait for better conditions to start copying deals of successful traders to your terminal.

In both cases, synchronization is not performed and copying of signals is stopped until the user makes the decision by clicking the appropriate dialog button. If the platform is working around the clock without constant external control for example, runs on VPSconfirmation requests to perform synchronization are left unanswered and thus can prevent signals from being copied.

When this option is enabled, synchronization is always performed automatically without the need for Subscriber's confirmation. If the Provider has a floating profit, the platform does not wait for best binary options advisors entry conditions and starts copying immediately.

This affects copying deals of successful traders to your terminal calculation of volumes of the deals performed when following the signals.

The volume is calculated proportionally. See "Signal Subscribers" section for more information. It is strongly not recommended to change the deposit load if you already have positions opened according to a signal.

This will lead to correction of volume of the open positions volume increase or partial close by reopening the positions at the current market price. If equity drops below a specified level, copying of trade signals will be automatically terminated, all positions will be closed and all pending orders will be removed.

Trading Platform

This is the value of the permissible deviation of the executed order price from the price initially requested by the client terminal when copying a trading operation. This value is displayed as a part of the current spread on the symbol used in trading operation.

copying deals of successful traders to your terminal

The order is executed if the deviation is less or equal to the specified parameter. If the deviation exceeds the specified value, the terminal will increase the acceptable deviation by 0,5 of the spread and make another attempt to perform the trade operation.

Answers What the Signals service is needed for? The special "Signals" section at MQL5. Each trading signal has its own page in the Signals section, where you can see a detailed trading statistics of deals history, charts of growth and balance, number of subscribers, etc. Who can create a trading Signal at MQL5.

If the requote is received again, the accounts of the subscriber and provider will become unsynchronized. Later the terminal will try to synchronize them again. After all the parameters have been set and subscription is allowed, your trading account will start synchronization with the Provider's one. Synchronization with Provider's Account Synchronization is necessary to copy trades from a provider's account to a subscriber's one. The synchronization is performed at activation of a subscription and also periodically during signal copying.

A number of requirements should be met to carry out synchronization: Subscriber should not have open positions and active pending orders; total floating profit of all Provider's positions should be negative. This allows a Subscriber to enter the market at a price that is not worse than the Provider's one.

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If at least one of these conditions is not met, the appropriate warning is displayed during synchronization attempt. Synchronization is not continued till the user makes the decision. Enable "Synchronize positions without confirmations" option in the terminal settings in copying deals of successful traders to your terminal not to receive warnings and synchronize automatically at all times. If the subscriber has open positions or pending orders, the following window will appear in case of trying to subscribe to a signal: Carefully read the recommendations described in the dialog window.

If you want to automatically close all the open positions by the current market price and delete the pending orders, check "I am aware of the risk and I agree to synchronize positions and orders immediately".

Then click options practice "Close positions and synchronize now" button. If you do copying deals of successful traders to your terminal want the program to close the positions and delete the pending orders, click "I will check manually" or close the window.

Unrelated trades increase the overall load on the trading account as compared with the signal provider. If the total floating unfixed profit of all positions of the provider is positive, you will see the following window: Carefully read the recommendations described in the dialog window.

Signal Subscribers

If you want to synchronize your account with the provider despite the positive floating profit, check "I am aware of the risk and I agree to synchronize trade positions immediately". If you want to postpone the synchronization and wait until the floating profit of the provider becomes negative, click "Wait for better market conditions". Until the floating profit of the provider becomes negative the terminal will not synchronize the accounts and will not start copying trade operations.

Synchronization during copying After successful synchronization of orders, the platform can perform a re-synchronization. It is performed in case of network issues during copying to make sure that no trades from the Provider are missed.

copying deals of successful traders to your terminal

If it turns out that some Provider's trades are absent on the Subscriber's account, the system copies them. Unlike the initial synchronization, the total floating profit of the Provider is not checked here. If the Subscriber started copying, they should follow the Provider's copying deals of successful traders to your terminal strategy to the maximum possible extent.

It is impossible to copy some positions, while ignoring others. In addition to the network issues, the reason for the absence of certain positions on the Subscriber's account may be activation of stop levels or closing positions manually: If the "Copy Stop Loss and Take Profit levels" option is enabled, the Subscriber copies Provider's operations together with stop levels. Different brokers may have different price flows, therefore stop levels on the Subscriber's account may be triggered earlier than on the Provider's one.

If during re-synchronization, it turns out that a certain position on the Subscriber's account is already closed, while it is still open on the Provider's one, the service copies it again. To reduce the likelihood of such situations, it is recommended to use the account on the same server broker as the Provider's one for copying. If the Subscriber closes a copied position manually, it is opened again during re-synchronization. We strongly advise you against interfering with copying. Re-synchronization is performed in regular situations as well: after re-starting the terminal, re-connecting to the trading account, depositing funds to the accountetc.

If the system detects positions not based on signals on the Signal to binary traders account, it offers to close them or skips such positions depending on the "Synchronize positions without confirmations" setting. Copying Trading Operations, Volume Calculation After Subscriber's and Provider's accounts are successfully synchronized, copying of trading operations will start. This is done automatically.

Pending orders placed on Provider's account are not copied to Subscriber's account. Trade operations are copied when pending orders trigger: when a Buy Limit or Buy Stop order triggers, a buy signal is copied; when a Sell Limit or Sell Stop order triggers, a sell signal is copied. Manual trading operations as well as using Expert Advisors are not recommended after Subscriber's account starts copying Provider's trading operations.

The volume of trading operations performed on the Subscriber's account is based on the Subscriber's and Provider's available funds. The calculation is performed in several stages. The volume is multiplied by the ratio of Subscriber's and Provider's balances considering deposit currency and allowable deposit load specified in the terminal settings.

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If the Provider performs a deal with the volume of 1 lot, the same deal is performed on the Subscriber's account with the volume of 0. After the balances have been considered, Subscriber's and Provider's leverages are also taken into account.

copying deals of successful traders to your terminal

If Subscriber's leverage exceeds the one of the Signal Provider, it does not affect a volume of a copied deal. Otherwise, the deal volume is changed in direct ratio to the correlation of a Signal Provider's leverage with a Subscriber's one.

A subscriber having a leverage of will open a deal of 0. Volume calculations are displayed in the "Journal" tab of the terminal. This is done to correct the subscriber's current positions according to the new copying percentage value.

If the subscriber's funds have increased due to the balance or credit operation, no forced synchronization is performed.

Frequently Asked Questions about the Signals service

Requoting The terminal may get a requote when copying a trade operation of a provider the server returns new prices as a response to a trade request at the specified price. Subscriptions Displaying in the Terminal For convenient working, trade accounts subscribed to signals have special icons in "Navigator" window: When hovering the mouse cursor over the name, the subscription's expiration date is displayed.

The context menu contains commands for viewing the signal and unsubscribing from it. The latter one is displayed only if the appropriate trading account is currently active in the terminal.