To copy the provider's trading operations to your account, you should subscribe to a signal. A 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 under the Community tab. If you do not have an account, please register.
Before using the service, be sure to read the Rules. Also note that your trading account must always be on and connected to the server using the account which is subscribed to the signals. In order not to keep your computer on all the time, you can rent a VPS to copy signals. Furthermore, a VPS can provide a better copying quality by reducing network latency.
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 information is displayed here:
Before subscribing to a signal the system checks trading conditions on the subscriber's and provider's accounts:
If a mismatch is detected, the corresponding warning is displayed in the subscription window. It is recommended to use signals with matching trading conditions.
You can set the automatic subscription renewal by enabling the corresponding option.
With this option, you can be sure that your signal will not stop suddenly and that the positions opened by the signal will not be left unmanaged. You do not have to monitor the subscription period, while the system will automatically renew it.
Auto renewal is performed using the same payment method which was used for the first subscription purchase. If you paid for the subscription with your card, the system will use this card. If payment cannot be made using the same card, the payment will be made from your MQL5 account.
The system protects you from unnecessary expenses. If the price increases relative to the original price, auto-renewal will be canceled. You will receive the relevant notification by email.
Attempts to auto-renew your subscription start early, in case something goes wrong. The day before the expiration date, the system will attempt to charge the corresponding payment. If the renewal fails, you will receive a notification by email. The new subscription period will start after the expiration of the current period, not when the renewal is actually charged.
You can enable or disable the auto renewal option at any moment via the My Subscriptions section at MQL5.com:
To pay for the subscription from your MQL5.community account balance, select the MQL5 option. If you do not have enough money on your account, you do not necessarily need to go to the site and top it up. Payment can be made directly through one of the payment systems. Select any of the available options and follow the system instructions to complete the payment. To maintain a clear and unified history of subscriptions, the required amount is first transferred to your MQL5.community account, from which an appropriate payment is made.
After you complete the payment, the page will show details and useful information:
A window with copying settings will also open.
Your trading account must always be on and connected to the server using the account which is subscribed to the signals. In order not to keep your computer on all the time, you can rent a VPS to copy signals. Furthermore, a VPS can provide a better copying quality by reducing network latency.
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:
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.
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.
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 renew it.
To manage subscription in the trading platform, open any signal page. "You already subscribed to [signal name]" message is displayed in the upper panel. The signal name is a link — use it to open the signal page.
To renew the subscription, click "Renew subscription". This will open the payment page. For free signals, the renewal takes effect immediately.
A subscription can be renewed for no more than 3 months.
If you no longer want to use the subscription, click "Unsubscribe". If your account has open positions which were opened when copying a signal, they will not be closed after subscription cancellation. You should manage all such positions by yourself.
You can also manage subscriptions using the My subscriptions section at MQL5.com. Open the signal page and click on the gear icon:
If you have copying issues on your current account, you can transfer the subscription to a different account, including the one opened with another broker. Open My Subscriptions at MQL5.com, click the gear icon and select "Move subscription".
Indicate the account number and the name of the server on which the account is open.
Please note that only one subscription transfer option is available per week.