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Trading behaviour has a lot to do with human psychology. To save you the money and disappointment, we’ve listed the common mistakes that most beginners (and even experienced traders) commit.
Having an MTS will work similar to having a live and funded account with MetisEtrade, except there is no need to execute your own trades. All trades will be copied from a real trader using the MQL5.com “SIGNALS”. All you need to do is subscribe to a signal that suits your strategy and goals, and you are all set!
MetaTrader chooses signals that are performing well and are suited for different trading strategies. Below is the list of top signals updated regularly so you can choose from the best.
View more signals
Yes. You can go to the MQL5 website to find more signals. You have to be logged in using your Community password to subscribe.
You can also use the Search box in your MetaTrader platform. Then click on Signals in the Search tab.
When subscribing, you will find these preset parameters: the current day is the start date and the duration is set to one (1) month. There’s no option for auto renewal, so you have to manually renew if you wish to extend your subscription.
You can unsubscribe from a signal any time by going to your MetaTrader platform. First, click on the “Signals” tab in the Terminal window. Right click anywhere on the box, then choose “My Subscription”. Double click your signal subscription, and then click “Unsubscribe”. Upon doing so, trades will no longer be copied from that signal; however, all open positions will remain open unless you close them yourself.
You can close any open trades that were automatically copied any time you wish. You can also trade in your MTS account, however, both actions are not recommended as it will tamper with your margins and the trades of your signal provider. It is better to consult your broker before doing any intervention.
You can set the following parameters as well:
Yes, however, you can only subscribe to one signal per account. If you want to subscribe to more than one signal, you would have to use another account.
You cannot follow a signal from a different trading platform. If your account is in MetaTrader 4, you can only follow MetaTrader 4 signals and vice versa.
Live accounts can only follow live account signals. Also, your terminal should be logged in and connected to the internet 24 hours a day/5 days a week to make sure that all trades are copied.