ForexNewsNow – MetaQuotes has announced the addition of trading signals to its popular MetaTrader 4 product. The addition of signal trading to MetaTrader 4 follows the addition of this service to the MetaTrader 5 platform.
MetaQuotes Adds Trading Signals to MT4
The highly popular MetaTrader 4 platform will from now on offer signal trading to its users. Signal trading has already been introduced to the equally popular MetaTrader 5 platform a while ago. The new service will allow traders to use their MT4 platforms to copy signal providers’ actions in their trading accounts.
MetaQuotes announced that the new signal trading service on the MT4 platform will work in the same way as the one that has already been introduced in the MT5 platform. In order to use the new service traders must have an MQL5.com account and specify their account data in their trading terminal.
After this traders will be able to browse a list of signal providers and subscribe to the ones that are deemed by the trader to be profitable and reliable. After these steps have been taken, the accounts of the trader and the signal provider will be synced and the trader’s account will start to receive live signals from the provider.
MetaQuotes pointed out that no paperwork or contracts are necessary in order to set up such an account. Traders will only have to complete the steps mentioned above and are ready to receive live signals and automatically execute trades based on the actions taken by expert traders.
About Signal Trading
Expert traders also have the opportunity to register as signal providers. Registered traders will undergo a trial period of one month after which profitable traders will be added to the list of live signal providers. Signal providers will earn revenues on the successful trades executed by the traders that have subscribed to their signals.
Signal trading is becoming extremely popular these days. This trading concept allows highly experienced traders to become so-called signal providers and earn extra revenue. The accounts of these traders will provide live feeds to subscribed users that will execute the actions performed by the providers. Regular traders will be given the opportunity to subscribe to the live feeds offered by signal providers. The trading platform used by traders will automatically copy the actions performed by the signal provider.This is a mutually beneficial relationship because it offers regular traders the opportunity to perform the actions taken by extremely experienced traders. Signal providers will be able to generate revenues on the trades executed by the traders who have subscribed to their service.
MetaQuotes is one of the most popular developers of online trading technology. The company provides high-quality online trading tech in various domains such as forex, CFDs, futures and stocks. The company has an experience of more than 10 years in this business.
The most renowned product developed by the company is the MetaTrader software platform series. The two most popular platforms in this series are the MetaTrader 4 and the MetaTrader 5 software platforms. Despite introducing the new MetaTrader 5 platform, the MetaTrader 4 platform continues to be a dominant force on the market which is also exemplified by the addition of signal trading into its portfolio.