GUIDE TO TRADING SIGNALS

Transcription

1

2 GUIDE TO TRADING SIGNALS The MT4 platform was developed by the MetaQuotes software company and has become the world s most popular trading platform. At MXT, we offer clients all the best features of MT4 as well as adding our own custom-developed functionality. When you use Trading Signals with MT4, what you re doing is requesting the software to monitor the trades of other successful traders then having your own terminal copy what the target trader is doing. To maximise security, all signals and signal traders accessible through MT4 are thoroughly tested and pre-approved by MetaQuotes. This reduces the risk of having any signal providers that might lead you towards a loss. However, because these services are not directly provided or verified by MXT, we offer no recommendations or guarantees if you choose to use the signals. Guide to Trading Signals 2

3 GETTING STARTED Before you can access trading signals, you will need: An MT4 trading account This can be a Demo or Live account - both are free to open with MXT A MetaQuotes user account This gives you access to the MetaQuotes community. Go to click the Registration link at the top right of the screen and complete your details (Fig 1). Your account information and activation link will be ed to you. Fig 1 Once you have both accounts set up, open your MT4 trading platform. Guide to Trading Signals 3

4 SETTING UP A SIGNAL From the dashboard, go to Tools, and Options (Fig 2) which will bring up the Community window (Fig 3). Here, you enter the login details you received from Meta Quotes and click OK. Fig 2 Fig 3 Next, go to the Terminal window of the MT4 dashboard and click on the Signals tab to bring up a list of available signals. You should see signals displayed in different colour categories (Fig 4). Black The signal is being tested Green The signal is coming from a Demo account Blue Gold The signal is from a Contest account, like the MetaQuotes Trading Championship The signal is from a Live account where real money is being traded Fig 4 Guide to Trading Signals 4

5 All the signals displayed here go through a 30 day test period to ensure their integrity and to collect historical data. When a signal is in Test mode you re unable to subscribe to it, though you can observe how it s performing. To view the history, double-click to bring up the following screen (Fig 5). Fig 5 When you have chosen a signal you want to subscribe to, click Subscribe on the menu bar (Fig 6). Fig 6 Guide to Trading Signals 5

6 This brings up a subscription window (Fig 7). You should pay careful attention to the Date field which displays the duration of the subscription. The default subscription duration is one month from the day you start the subscription. Note! Fig 7 You must agree to the Terms and Conditions of the subscription before you can use it. Now you can configure the signal settings on the platform (Fig 8). This window will open automatically, but you can also access it from the Tools menu, then clicking Options and Signals. To enable the signal, you must check the box labelled Enable realtime signal subscription. Fig 8 Guide to Trading Signals 6

7 You can now adjust settings, including those that can help limit any potential losses. Once you press OK, your account will begin to synchronise with the signal provider s account. Note! There are two conditions where you will receive an error notification and synchronisation will not complete: 1. You cannot have any open positions or pending orders 2. The total floating profit of all the provider s positions must be negative Some helpful hints While you are subscribed to a signal, do not perform any trade operations either manually or via an Expert Advisor To copy trade operations to an account, you must always be logged into the account that is subscribed to the signals service You can only have one subscription per trading account Guide to Trading Signals 7

8 MANAGING YOUR SUBSCRIPTIONS You can manage your subscriptions from the Signal tab in the Terminal section of your dashboard. Just right click on the relevant signal and click My Subscription. This will show details including your subscription period. RENEWING AND UNSUBSCRIBING SIGNALS It s important to note that subscriptions do not automatically renew you have to renew it yourself before the current subscription expires. Fig 9 This will bring up another window where you confirm the subscription renewal. You will need to accept the Terms of Use and re-enter your password. Fig 10 If you want to unsubscribe from a subscription, just click Unsubscribe Fig 11 Guide to Trading Signals 8

9 MXT GLOBAL PTY LTD ACN AFS Licence No Suite 708, Dixon St, Sydney, NSW 2000 AUSTRALIA Phone (Australia): Phone (China): Phone (International): Fax: support@mxtglobal.com