Today, MetaQuotes Software Corp. has announced that their MetaTrader 5 trading platform now features built-in Trading Signals. Traders are given the opportunity to automatically copy trades of other traders.
Simplicity and promptness in using the service are the distinct advantages of the MetaTrader 5 Trading Signals. A successful trader can easily become a signals provider to earn extra profit, while any other trader can subscribe to his signals in just a few clicks. In addition, trading accounts of the signals provider and his subscriber can be with different brokers that use MetaTrader 5.
To launch this service, the developers have made some changes to the MetaTrader 5 architecture by adding a new component - a cloud Signal Server. It is designed to monitor the account of the signals provider and transmit the trading signals directly to trading terminals of the subscribers.
All that the signals provider needs to do to start using the service is to register on the MetaQuotes website and specify his trading account details.
The MetaTrader 5 Signal Server closely coupled with this website will afterwards begin to monitor the account in real time and send its signals to the subscribers.
Traders willing to make use of the trading signals are also required to register on the website and deposit some money in their accounts. Having specified your account details in the MetaTrader 5 trading terminal, you can then immediately subscribe to trading signals of any provider. There is a standard functionality that allows you to automatically copy all provider's trades in your account.
The only requirement for the automatic mirroring of trading operations is to ensure that the subscriber's MetaTrader 5 trading terminal is on. The extended version of the trading signals that is already underway will however not even require this.
Due to the introduction of the trading signals, the trader's workplace, the MetaTrader 5 trading terminal has undergone some changes, too. Thus, it now features trading signals display where any trader can find detailed information on the efficiency and earning power of any given provider. With just a couple more clicks, you can subscribe and start receiving trading signals from the signals provider.
Trading signals are available in the MetaTrader 5 trading terminal starting with build 702. The terminal is distributed free of charge.