Ease of Automated Trading From FIBO Broker
Through the MQL5 trading signal copy system, Broker FIBO provides convenience for automated trading. Here, you can register as a Subscriber or Signal Provider.
For those of you who don't have time to manage your trading yourself, or want to earn extra income as a trader, the Automatic Trading solution from Broker FIBO could be the right answer. This facility provides a copy trading service that bridges the needs of Signal Providers and Subscribers, with the advantage of an automated transaction copying system.
FIBO Automatic Trading can be done directly through the MetaTrader 4 and MetaTrader 5 platforms. All signals displayed by Providers are already equipped with trading history and statistics, so Subscribers will not have difficulty sorting the most ideal signals.
Generally, here are the advantages of the FIBO Automatic Trading feature:
- Some signals can be obtained for free. However, there are also trading signals that can be obtained by paying a monthly or weekly fee.
- All trading signals along with important detailed information are summarized and displayed in a table, making it easier for Subscribers to select their preferred signals.
- You can register or cancel signal subscriptions whenever you want.
- The subscription process is very easy, there is no complexity in the agreement between Provider, Subscriber, and broker. All processes will be run by the system, thus guaranteeing greater accuracy of performance and trading transactions.
- Transaction copying has minimal delay. If the Provider and Subscriber use the same server, the copy trading process can be carried out with almost no delay at all.
- Automatic forex and CFD trading can be run by trading robots and MetaTrader EAs.
- Signal trading monitoring table.
How to Register for Automatic Trading as a Subscriber
- Open a FIBO trading account for those of you who are not yet registered.
- Note the login number and password data sent to your email.
- Download the trading platform.
- Open and run the trading platform application. Log in by entering your trading number and password.
- Select the "Settings" menu, or click CTRL + O, then select the "Community" tab.
- Enter your MQL5 login details. If you don't have an account yet, please register first on the MQL5 community.
- At the bottom of the trading platform, select the "Signals" menu.
- Choose a trading signal according to your preferences. Further statistics can be opened by double-clicking the signal you want.
- If you are interested in the trading performance of the signal, please click the "Subscribe" button.
As a note, fund transfers to pay signal subscription fees are made through the MQL5 payment system. Subscribers can choose the Paypal, WebMoney, or credit card method. Carefully consider the amount of funds you want to transfer, as there will later be a commission deduction of 20% from the broker's system.
- Next, the following parameters will appear in the "Settings" window:
You can adjust the transaction size by adjusting the deposit percentage, determine the risk tolerance limit by stopping the signal subscription when equity thins at a certain level, and select the slippage limit.
- Click "OK".
- The subscription process is complete. Transactions managed by the Provider will be copied automatically in your trading terminal.
How to Register for Automatic Trading as a Provider
- Register an account on the MQL5 system.
- On the profile page, open the "Seller" tab and sign in.
- The application to become a Seller will be submitted to the Moderator.
- After receiving approval from the Moderator, you will be sent a message containing: You are approved as a Seller on MQL5.com. In addition, your profile page on MQL5 will also receive a notification Seller's Profile: your application to get the status of a Seller is approved.
- Open the "Signals" menu, then select "Create my own Signals".
- Complete the form according to the instructions. Information you need to provide includes signal name, trading account identity, broker name, subscription fee, and investor login and password.
FIBO Automatic Trading Provides Two-Way Benefits
There are many ways to profit in the forex market, both directly and indirectly. Automatic Trading from broker FIBO makes it easy for Subscribers to copy transactions from successful traders and obtain their trading profitability, while Providers can earn additional trading commissions from Subscribers who follow their trading. Thus, both Subscribers and Providers benefit from the FIBO Automatic Trading feature.