How does signals work?
Hi every body!
I am just wondering about the mechanism of copying the signals.If I copy someones' signal, are the signal provider's positions copied exactly as the same or it will be adjusted according to my balance size? for example I have 1000$ in my account and the signal provider has 100000$ in his account, if he risked only 1% (1000$) of his account my total balance would be in risk ?!!!
thanks
The orders will be copied proportionally to your account, according to the copying ratio calculated on balances and leverages between the signal provider's account and yours.
If the signal provider is from a different country and signal copier is from the different country but the signal copier is on MQL5 VPS server (letting him to have lowest possible latency / ping from him to his broker server) can there still be a large scope for slippage ?
Slippage has nothing to do with where you or the signal provider are located, not even where the brokers are located, it has to do with price different between the broker price feeds.
You can check the Slippage tab of the signal for the best broker/server setups for copying the specific signal, green and upper yellow values are best, lower yellow acceptable, orange and red are to be avoided.
Slippage has nothing to do with where you or the signal provider are located, not even where the brokers are located, it has to do with price different between the broker price feeds.
You can check the Slippage tab of the signal for the best broker/server setups for copying the specific signal, green and upper yellow values are best, lower yellow acceptable, orange and red are to be avoided.
Thank you for your reply
Yes, because it is not you or the provider personally that does the copying of trades, it is done through you brokers and if them are closely located, slippage will be smaller.
For example I live in Greece and I use an Australian broker with servers in New York, so me being in Greece doesn't mean a thing, New York is the key.Yes, because it is not you or the provider personally that does the copying of trades, it is done through you brokers and if them are closely located, slippage will be smaller.
For example I live in Greece and I use an Australian broker with servers in New York, so me being in Greece doesn't mean a thing, New York is the key.Oh alright i got it
No, you should follow signals that your broker has good/acceptable slippage values in their slippage tab.
Sometimes brokers located quite far apart, have good slippage co-operation, distance is not always the problem, price feed and liquidity providers also play some part in this.
No, you should follow signals that your broker has good/acceptable slippage values in their slippage tab.
Sometimes brokers located quite far apart, have good slippage co-operation, distance is not always the problem, price feed and liquidity providers also play some part in this.
Ohh that's so...
Be cautious, you can try to see what is happening with a smaller participation percentage in Signals settings, much lower than the 95% maximum.
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Hi every body!
I am just wondering about the mechanism of copying the signals.If I copy someones' signal, are the signal provider's positions copied exactly as the same or it will be adjusted according to my balance size? for example I have 1000$ in my account and the signal provider has 100000$ in his account, if he risked only 1% (1000$) of his account my total balance would be in risk ?!!!
thanks