MetaTrader, the popular forex trading platform, has started to offer trading signals allow you to subscribe to trading systems that are automatically executed in your account.
You can select among trading systems using detailed statistics and trading history. The statistics include the length of time the system has been monitored and the number of trades executed.
The technology is used by over 600 banks worldwide and the service is open so that anyone can be both a subscriber or a provider of trading signals.
The service allows traders to connect to the trading signal providers and mirror the system trades in real time mode. The signals provider receives a fixed monthly subscription fee from all his clients directly from the system.
Trading system providers are carefully screened, working in a test mode for a month before they can offer their signals on MQL5.com.
The system of Trusted Execution Token (TET) is to be implemented soon which enables all deals to be copied automatically even if the terminal is not launched, making it unnecessary to run MetaTrader 5 continuously.
For details on becoming a trading systems vendor, click here
For details on becoming a subscriber, click here
To view trading systems currently on offer, click here