Fast Facts on Trading Signals for ECM MetaTrader 4
Trading Signals for ECM MetaTrader 4 is a service allowing traders to copy trading operations of a Signals Provider. Users can select any signal, subscribe to it and all deals will be copied at their accounts. Signals providers can set their subscription prices and receive a fixed monthly fee from their Subscribers.
1. It is a simple and ready-made solution. Subscription is performed in a few clicks. All deals are copied automatically without trader’s intervention. Signals Providers will also be able to start easily – it will take less than a minute to add a signal to the base and set a subscription fee.
2. High security for all the participants. Careful selection is performed among Signals Providers – they work in a test mode within a month. If the test is passed, they can offer their signals on MQL5. To complete the test successfully, a Signals Provider should perform at least 5 trades within a specified period without his or her trading account’s draw down exceeding 70%.
3. Subscription and signals purchase rate. No agreements between Subscribers, Signals Providers and Brokers are required. Signals Providers put their products up for sale while Subscribers choose the most suitable ones. That’s all. There is no excessive bureaucracy. There is no tedious work with bunches of papers – all processes are performed strictly inside the system avoiding any kind of paperwork.
4. Minimum delay in deals execution. If a Signals Provider and a Subscriber are located on the same server, the deals will be executed with no delay. ECM’s Meta Trader Signal Servers are located next to the broker ones. Thus, execution delays will remain inconsiderable even if a Subscriber and a Signals Provider are located on different servers.
Trading Signals Operation Features
Operation of trading signals in ECM MetaTrader 4 trading platforms has a number of features. Subscribers, Signals Providers and Brokers should be well aware of them.
One trading account on one server should be managed by the signals of only one Provider. MetaQuotes Software Corp. has deliberately banned using several signals on a single account to protect traders from unexpected losses.
It should also be considered that a trading account can be subscribed to only one signal, while MQL5.com account may have several subscriptions for different accounts. It means that a trader may have several accounts opened at different brokerage companies and managed by different signals. All these subscriptions may be registered and paid up from a single MQL5.com account.
As for the payment of trading signals, it is all simple and transparent. Subscribers pay a fixed sum once a month or a week and receive trading signals for this period. There are neither commissions for each deal, nor spread disengagement, nor additional commissions from gained profits.
MQL5.com payment system is used for buying subscriptions via PayPal, WebMoney or bank cards. When buying a subscription to a signal, the funds are transferred from the Subscriber’s account to the Provider’s one (our commission is 20%) where they are automatically blocked for the subscription period. At the end of the period, the funds are unblocked and deposited to the Provider’s account. In case of any valid claims, the funds for the current period will be returned to the Subscriber. As you may have already noted, neither Providers nor Subscribers have to contact with a broker to arrange a subscription.
One of the main features is that Providers and Subscribers do not need to have their accounts on the same trade server. Delays between executions of trading operations on the Provider’s and Subscriber’s accounts are minimized. This has been made possible thanks to new Signal Servers having cloud architecture and located all over the world. At the same time, the highest quality of execution will be achieved if a Provider and a Subscriber work on the same server.
Please ensure that you have read and agree to all mql5 terms.
Rules of Using the Signals Service (http://www.mql5.com/en/signals/rules)
MQL5.com Signals Service Distribution Agreement (http://www.mql5.com/en/signals/terms/provider)