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Automated Trading like mql5.com Discussion

nickz
Jun 18 2015 at 13:44
16 posts
It's the age of signal providers/signal copying... strange why myfxbook is still behind on this. The recently implemented 'signaltrader.com' is not a good solution, they are charging signal providers on listing their signals 'this is bad' and that's why they have non. If you create a simple signal copying system where providers can list for free and copiers can buy for less than what the other sites are charging then you'll see a big bang !

Do your best then blame luck.
Ethan (Staff)
Jun 18 2015 at 13:58
1394 posts
@nickz Thank you for the feedback.

Pricing is higher however that is because Signal Start hosts the account and monitors it 24/7 so it is definitely worth the price (this small fee can save you thousands in losses due to connectivity issues).

Important to note that the master and slave accounts are hosted in the same data center and in the same private network with super fast 1Gbps switches so latency is minimal.

The difference between Signal Start and other services:

- Fast 24/7 email support
- A refund policy in case clients lose due technology errors.
- Clients do not need to run anything from their end as the technology is completely automated.
- A white label for a signal providers (included in price).
- Our setup (for both provider and follower) is super easy and instant (no need to configure any EA's, appendixes, symbols, etc').

To sum it up - just like with any other product, a higher quality in most cases will be priced higher. Since we at Myfxbook always look for quality, a partnership with this service is natural 😄.

nickz
Jun 18 2015 at 14:49
16 posts
Staff posted:
@nickz Thank you for the feedback.

Pricing is higher however that is because Signal Start hosts the account and monitors it 24/7 so it is definitely worth the price (this small fee can save you thousands in losses due to connectivity issues).

Important to note that the master and slave accounts are hosted in the same data center and in the same private network with super fast 1Gbps switches so latency is minimal.

The difference between Signal Start and other services:

- Fast 24/7 email support
- A refund policy in case clients lose due technology errors.
- Clients do not need to run anything from their end as the technology is completely automated.
- A white label for a signal providers (included in price).
- Our setup (for both provider and follower) is super easy and instant (no need to configure any EA's, appendixes, symbols, etc').

To sum it up - just like with any other product, a higher quality in most cases will be priced higher. Since we at Myfxbook always look for quality, a partnership with this service is natural 😄.


Thanks for the reply,
Excuse me to say that your point of view is not necessarily right.
- Hosting the account could benefit the copier but has no added value for the signal provider.
- What refunds could compensate big losses on accounts due to tech. erros?! Actually it's better if you didn't say this.
- Everybody has email support.
- There is no point of white labeling neither it will generate more subscribers for the signal provider.
- Setup is easy elsewhere too.

Please understand that I'm not saying that your system is bad or downgrading it or something, on the oposite I only wish it to grow fast so we all can benefit from it.
Again I say making the signal provider pay to list his signal is wrong, you should accept this fact.

Do your best then blame luck.
pipmenow
Jun 30 2015 at 23:09
24 posts
Hello. I have a question about the service. In the FAQ the one of the first question is 'Do you offer a demo account?' the answer is NO. What exactly do you mean by that question? The reason why I ask is that I am following a provider on a demo account and it is working fine.

Also, can I set up multiple accounts and connect to one subscription. For example I would like have a live account, demo account or second live account in order to compare trades.

If I can only connect one MT4 account at a time can I switch between accounts whenever I like so I can test and compare for the best results?

Thank you.

RedRhinoLab
Jul 01 2015 at 11:59
631 posts
You will have to pay for each account that you connect to their site. Since they host it, you are using their resource and must pay extra.

@nickz As what he is saying, 1 monthly fee should allow more than 1 account just how your VPS allows you to run multiple MT4 platforms. Charging $25 per account isn't worth the price when a VPS for $50 can run 10 Platforms.

if you're a signal provider, we(SignalStart) charge only 30% of your listing fee.

If we charge $100 to client, signalStart gets $30 each and every month, Plus the fees for hosting ( $25 per Account).


Ethan (Staff)
Jul 01 2015 at 12:06
1394 posts
@RedRhinoLab obviously you can get a cheaper price with your own vps, but you can also buy a $1k car or a $10k car - both will be entirely different.

The difference of the price is due to the following:
- servers are fully dedicated and not virtual, giving maximal performance (quicker processing and trade copying).
- provider and follower accounts are hosted in the same private network with super fast 1Gbps switches so latency is minimal.
- there is no need to configure anything in your account such as appendixes, ea's, symbols' etc (setup is instant!).
- servers are monitored 24/7 for any issues so you can have peace of mind.
- you have customer service you can rely on.

If the above isn't important to you, then yes, you should go with the cheap vps option 😄.

pipmenow
Jul 01 2015 at 18:32
24 posts
RedRhinoLab posted:
You will have to pay for each account that you connect to their site. Since they host it, you are using their resource and must pay extra.

Thank you for your reply. I have been trying to contact customer support at SignalStart and I do not get a reply. It has been more than 48 hours from my first contact and I get no response. I also checked my spam folder and did not find anything.

1. One $25 subscription allows you to link only one broker MT4 account, if that correct?

2. One $25 subscription allows you to hook up to more than one signal provider, but still only one MT4 account?

3. With one master account to SignalStart I can create as many accounts as I want, but each one is a new subscription costing $25 per account?

4. Now I understand why they say no demo accounts. This really means that demo accounts are not free and if you link a demo account you would have to pay $25 for that account.

5. Can I add additional accounts and use the same signal provider on several accounts or do I need to also pay an additional subscription fee to the provider?

6. If I have one account ($25 per month) and am using one signal provider can I change MT4 account any time?

Thank you.


Cyrus Chan (goodman888)
May 03 2016 at 05:36
27 posts
Staff posted:
@nickz Thank you for the feedback.

Pricing is higher however that is because Signal Start hosts the account and monitors it 24/7 so it is definitely worth the price (this small fee can save you thousands in losses due to connectivity issues).

Important to note that the master and slave accounts are hosted in the same data center and in the same private network with super fast 1Gbps switches so latency is minimal.

The difference between Signal Start and other services:

- Fast 24/7 email support
- A refund policy in case clients lose due technology errors.
- Clients do not need to run anything from their end as the technology is completely automated.
- A white label for a signal providers (included in price).
- Our setup (for both provider and follower) is super easy and instant (no need to configure any EA's, appendixes, symbols, etc').

To sum it up - just like with any other product, a higher quality in most cases will be priced higher. Since we at Myfxbook always look for quality, a partnership with this service is natural 😄.


But signalstart customer service is horrible. They said 24x5 support but so far no replied from them. Could you please help!?

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