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Trading Signals in MetaTrader 4 allow you to automatically copy the deals performed by other traders in real time. Many successful traders provide their Forex trades in public access either for free or for a reasonable fee, becoming signal providers.
You can find more than 200 free and commercial active signals on the website and on the Signals tab of your trading platform. For your convenience, all signal providers are sorted by their trading results. The most successful ones are displayed at the top of the list. Select your signal provider and start copying their deals both on demo and real accounts without leaving MetaTrader 4. The signal does all the work for you according to the parameters of trading you will set.
A trade signal is a trigger for action, either to buy or sell a security or other asset, generated by analysis. That analysis can be human generated using technical indicators, or it can be generated using mathematical algorithms based on market action, possibly in combination with other market factors such as economic indicators.
Trade signals can use a variety of inputs from several disciplines. Typically, technical analysis is a major component, but fundamental analysis, quantitative analysis, and economics can also be inputs. They can include sentiment measures and even signals from other trade signal systems. The goal is to give investors and traders a mechanical method, devoid of emotion, to buy or sell a security or other asset.
Aside from simple buy and sell triggers, trade signals can be used to modify a portfolio by determining when it might be a good time to buy more of one particular sector, such as technology, and lighten up on another, such as consumer staples. Bond traders could have signals for adjusting the duration of their portfolios by selling one maturity and buying a different maturity. And finally, it can also help with asset class allocation such as shifting money among stocks, bonds, and gold.