Can I trade beside bought Signal ?

[Tutmozis]

Dear Forum users.

I currently use EA for trading.

I want to try using signals too what you can bought for $30 or so.

Can I still use my EA beside bought Signal at same account, or I need to open new account for that ?

[Fernando Carreiro]

Tutmozis: I currently use EA for trading. I want to try using signals too what you can bought for $30 or so. Can I still use my EA beside bought Signal at same account, or I need to open new account for that ?

If you use the same account, the signal will override your EA trades and just close them. So, you have to use separate accounts for the Signal and the EA.

[Eleni Anna Branou]

Tutmozis:

Dear Forum users.

I currently use EA for trading.

I want to try using signals too what you can bought for $30 or so.

Can I still use my EA beside bought Signal at same account, or I need to open new account for that ?

Yes, you can. The MQL5.com signal system will recognize and avoid managing any non-signal subscription trades.

[Fernando Carreiro]

Eleni Anna Branou: Yes, you can. The MQL5.com signal system will recognize and avoid managing any non-signal subscription trades.

That is strange! From all the comments I have read over the years of people complaining of the signal overriding their own trades, that does not seem to be the case!

[Fernando Carreiro]

Eleni Anna Branou: Yes, you can. The MQL5.com signal system will recognize and avoid managing any non-signal subscription trades.

That seems contrary to what is stated in the signal rules:

IV. Subscription to Signals

20. Execution of your own trades in the account which is subscribed to a Signal constitutes an interference and can lead to unpredictable results.

[Eleni Anna Branou]

Fernando Carreiro:

That seems contrary to what is stated in the signal rules:

Even though it is mentioned in the rules, it is not the case (at least anymore) Fernando, the system scans all trades and skips from managing all those that do not correspond to the signal subscription.

[Fernando Carreiro]

Eleni Anna Branou:Even though it is mentioned in the rules, it is not the case (at least anymore) Fernando, the system scans all trades and skips from managing all those that do not correspond to the signal subscription.

Thank you for the update!

[Eleni Anna Branou]

Fernando Carreiro:
Thank you for the update!

You're welcome Fernando.

[Tutmozis]

Thank you for you answers !

I decided to open another account, because I programmed my EA to have strict SL and TP.
While I can't control signal offers, so it's a bit risky I guess. Better to use for Signals limited capital, in case they take too big risk and fail.

[Sergey Golubev]

Tutmozis:
Thank you for you answers !

I decided to open another account, because I programmed my EA to have strict SL and TP.
While I can't control signal offers, so it's a bit risky I guess. Better to use for Signals limited capital, in case they take too big risk and fail.

Forum on trading, automated trading systems and testing trading strategies

Some question about Signals

Sergey Golubev, 2016.12.30 20:14

Just some information about the Signal Service:

• How to Subscribe to Trading Signals
• Managing Funds or How to Select a Deal Volume
• Rules of Using the Signals Service

This is the information about where to start to.

------------

How to Subscribe to MT4/MT5 Signal -
https://www.mql5.com/en/forum/189731  (MT4)
https://www.mql5.com/en/forum/336422  (MT5)