If you want to copy trading operations performed by a provider, you should subscribe to a signal. A weekly or monthly fee may be charged for the subscription.
A valid MQL5.community account is required for a signal subscription. Specify the account details in the platform settings, tab Community. If you do not have an account yet, please register.
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Watch video: Subscribe to a trading signal From the video, you will learn how to subscribe to a signal and what parameters to specify. Find out, whether you need to copy the stop levels, what part of your deposit will take part in copying and what slippage to choose. |
You can subscribe to a selected signal directly from the list or from the signal details page.
The details of the signal you are about to subscribe to are displayed in a separate window. Please carefully check them.
Basic signal data are displayed here:
To transfer a payment, you can use your MQL5.community account funds. To do this, select MQL5 payment method.
Enter the password of your MQL5.community account to confirm your purchase. The specified amount is deducted from your account, and you can proceed to configure copying of trades. A successful subscription message, as well as subscription details and useful information are shown on the signal page.
If you do not have enough money on your MQL5.community account for subscribing to a signal, you may pay for it via one of the available payment systems directly from the platform. To maintain a clear and unified history of subscriptions, the required amount is first transferred to your MQL5.community account, from which a payment for the subscription is made.
The page of the corresponding payment system is opened after you select a payment method. Specify the necessary payment data: your login and password in the payment system or card information.
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Before subscribing to a signal the system checks some trading conditions on the accounts of the subscriber and provider:
If a mismatch is detected, the corresponding warning is displayed in the subscription window. It is recommended to subscribe to the signals with matching trading conditions.
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After subscribing, move to the trading platform setting.
To configure the use of signals in the trading platform, open the settings window and move to the Signals tab.
Configure the following parameters:
Once all the parameters are set and subscription is allowed, your trading account starts synchronization with the Provider's one.
Synchronization is necessary to copy trades from a provider's account to a subscriber's one. The initial synchronization is the one performed when a subscriber's account has no signal-based open positions, for example, when activating a subscription.
A number of requirements should be met to carry out synchronization:
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 platform settings in order not to receive warnings and synchronize automatically. |
Carefully read the recommendations described in the dialog windows.
It is strongly recommended NOT to perform trades manually or via MQL5 programs while being subscribed to a signal. Unrelated trades increase the overall load on the trading account as compared with the signal provider. |
After successful synchronization of positions, 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.
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 trading 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:
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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.
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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 platform settings.
Assume that the Subscriber's balance comprises 8,000 EUR, the allowable load is - 50% and the Provider's balance is 10,000 USD. The current EURUSD rate is 1.20000. 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 0.48 lots. Subscriber's balance comprises 4,000 EUR or 4,800 USD considering allowable load. Therefore, the volume ration will comprise 4,800 / 10,000 = 0.48.
After the balances have been considered, Subscriber's and Provider's leverages are also taken into account. 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.
For example, if a Signal Provider having a leverage of 1:100 opens a deal of 1 lot, a Subscriber having a leverage of 1:500 will open a deal of 1 lot in case of 100% copying and a deposit matching by size and currency. A subscriber having a leverage of 1:10 will open a deal of 0.1 lots in similar conditions.
Volume calculations are displayed in the "Journal" tab of the platform. The sample entry is shown below:
percentage for volume conversion selected according to the ratio of balances and leverages, new value 24% |
The total amount of subscriber's funds is changed after a balance/credit operation is performed. If the percentage value of signals copying has decreased by more 1% afterwards (the volume of copied trades is calculated considering the ratio of the subscriber's and provider's balance), the subscriber's account is forcedly synchronized with the provider's one. 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.
The platform may receive 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).
If the deviation of the new price exceeds the "Deviation/Slippage [C] spread" value specified in the settings, the platform increases the acceptable deviation by 0.5 of the spread and makes another attempt to perform the trade operation. If the requote is received again, the accounts of the subscriber and provider become unsynchronized. Later the platform will retry to synchronize them.
For convenience, trading accounts subscribed to a signal are marked with a special icon in the Navigator window:
When you point 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 platform.
If the current trade account is subscribed to a signal, the corresponding icon is also displayed in the account state bar on the Trade tab:
Statistics on signal copying is displayed in "My Statistics" tab. It contains data on all signals the current trading account has ever been subscribed to.
Watch video: The report on the copied trades Detailed information on complete and active subscriptions will help you to estimate the effectiveness of every single provider. These reports will show you the profit gained from money spent for subscription. |
All values in the list are only based on the trades copied to the trading account in accordance with the signal:
The list can be sorted by any of the above parameters. The first mouse click on the column name sorts the signals by the first parameter, while the second click — by the second parameter. To reset the sorting, click the upper line of the growth graph column.
If a subscription expiration time approaches, and you want to continue using it, you should prolong it.
To manage subscription in the trading platform, open a page of any signal. "You already subscribed to [signal name]" message is displayed in the upper panel. The signal name is a link leading you to the signal's page.
Renew the subscription, click the button "Renew subscription". After that, the following window will appear:
Check the correctness of the data. If you agree with the subscription terms, pay for the subscription renewal just like you purchase a new subscription. If you subscribe to a free signal, specify your MQL5 account password.
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If you do not want to copy signals according to a subscription, it can be canceled.
When you cancel a subscription, the payment amount locked for it on your MQL5.community account is irrevocably transferred to the signal provider. If you have problems receiving signals, do not cancel the subscription and contact Service Desk through your MQL5.community profile. |
To manage subscription in the trading platform, open a page of any signal. "You already subscribed to [signal name]" message is displayed in the upper panel. The signal name is a link leading you to the signal's page.
If you want to suspend copying trades, do not unsubscribe from the signal. Instead, suspend the subscription by disabling the option "Enable realtime signal subscription" in the platform settings. Later you can resume the subscription by enabling this option. |
To unsubscribe from the signal, click the button "Unsubscribe". After that, the window opens where you need to confirm the cancellation of the subscription:
When you cancel a subscription, the payment amount locked for it on your MQL5.community account is irrevocably transferred to the signal provider. If you experience problems receiving signals, do not cancel the subscription and contact Service Desk through your MQL5.community profile. |