Trading Tools

Trading Tools

At ICM we continuously strive to offer services that support you when trading with us. That includes our Pip Calculator which helps you to calculate the value of a pip depending on the currency pair and the lot size of your transaction.

You will also find a Pivot Calculator which is simple to use and designed to calculate pivot points in only a few seconds. In addition, you can access our Economic Calendar to help you to track the occurrence of market-moving events. You can use the Trading Signals feature on the MT4 platform which helps you subscribe to the signal feeds of other traders also using the system.

 

Economic Calendar

GMT Currency Event Actual Forecast Previous Imp.
00:00 AUD MI Inflation Gauge (MoM) 0.9%   0.2%
00:30 AUD Retail Sales (MoM) -3.9% -3.9% 1.7%
00:30 AUD Retail Sales (QoQ) (Q4) -0.2% -0.6% 0.3%
04:14 IDR GDP (YoY) (Q4) 5.01% 4.84% 5.72%
04:14 IDR GDP (QoQ) (Q4) 0.36% 0.33% 1.81%
04:14 IDR GDP Annual 5.31% 5.29% 3.69%
07:00 EUR German Factory Orders (MoM) (Dec) 3.2% 2.0% -4.4%
08:30 EUR Italian IHS S&P Global Construction PMI (MoM) (Jan) 48.2   47.0
08:30 EUR German IHS S&P Global Construction PMI (Jan) 43.3   41.7
08:30 EUR French IHS S&P Global Construction PMI (MoM) (Jan) 48.4   41.0
08:30 EUR IHS S&P Global Construction PMI (MoM) (Jan) 46.1   42.6
08:40 GBP BoE MPC Member Mann         
09:30 GBP Construction PMI (Jan) 48.4 49.6 48.8
09:30 EUR Sentix Investor Confidence (Feb) -8.0 -12.8 -17.5
10:00 EUR Retail Sales (YoY) (Dec) -2.8% -2.7% -2.5%
10:00 EUR Retail Sales (MoM) (Dec) -2.7% -2.5% 1.2%
11:25 BRL BCB Focus Market Readout      
12:30 EUR Spanish Consumer Confidence 73.0 59.3 68.0
14:00 EUR French 12-Month BTF Auction 2.772%   2.875%
14:00 EUR French 3-Month BTF Auction 2.492%   2.330%
14:00 EUR French 6-Month BTF Auction 2.573%   2.578%
15:00 USD CB Employment Trends Index (Jan) 118.74   117.06
15:00 CAD Ivey PMI n.s.a (Jan) 54.7   40.6
15:00 CAD Ivey PMI (Jan) 60.1 42.3 49.3
16:30 USD 3-Month Bill Auction 4.590%   4.595%
16:30 USD 6-Month Bill Auction 4.755%   4.680%
17:00 GBP BoE MPC Member Pill Speaks         
18:00 USD Loan Officer Survey      
18:00 EUR ECB President Lagarde Speaks         
23:30 JPY Average Cash Earnings (YoY) 4.8% 2.5% 1.9%
23:30 JPY Household Spending (MoM) (Dec) -2.1% 0.3% -0.9%
23:30 JPY Household Spending (YoY) (Dec) -1.3% -0.2% -1.2%
23:30 JPY Overall wage income of employees (Dec) 4.8%   1.9%
23:30 JPY Overtime Pay (YoY) (Dec) 3.00%   5.20%
23:50 JPY Foreign Reserves (USD) (Jan) 1,250.2B   1,227.6B
GMT Currency Event Actual Forecast Previous Imp.
00:00 NZD ANZ Commodity Price Index (MoM) -0.1%   -0.2%
00:01 GBP BRC Retail Sales Monitor (YoY) (Jan) 3.9% 3.9% 6.5%
00:30 AUD Exports (MoM) (Dec) -1.0%   -1.0%
00:30 AUD Imports (MoM) (Dec) 1.0%   -3.1%
00:30 AUD Trade Balance (Dec) 12.237B 12.500B 13.475B
03:30 AUD RBA Interest Rate Decision (Feb) 3.35% 3.35% 3.10%
03:30 AUD RBA Rate Statement      
03:35 JPY 30-Year JGB Auction 1.543%   1.649%
04:00 IDR FX Reserves (USD) (Jan) 139.40B   137.20B
05:00 JPY Coincident Indicator (MoM) (Dec)   -0.4%   -0.3%
05:00 JPY Leading Index (MoM) (Dec)   -0.5%   -1.2%
05:00 JPY Leading Index   97.2 97.0 97.4
06:00 ZAR Foreign Reserves (USD) (Jan) 61.86B   60.57B
06:00 ZAR Net FX Reserves (USD) (Jan) 54.844B   53.827B
06:45 CHF Unemployment Rate n.s.a. (Jan) 2.2% 2.2% 2.1%
06:45 CHF Unemployment Rate s.a. (Jan) 1.9% 1.9% 1.9%
07:00 GBP Halifax House Price Index (YoY) 1.9% -0.3% 2.1%
07:00 GBP Halifax House Price Index (MoM) (Jan) 0.0% -0.8% -1.3%
07:00 EUR German Industrial Production (MoM) (Dec) -3.1% -0.7% 0.4%
07:00 NOK Manufacturing Production (MoM) (Dec) -0.6%   -0.7%
07:45 EUR French Current Account (Dec) -8.50B   -6.70B
07:45 EUR French Exports (Dec) 51.0B   51.3B
07:45 EUR French Government Budget Balance (Dec) -151.5B   -159.3B
07:45 EUR French Imports (Dec) 65.9B   64.8B
07:45 EUR French Reserve Assets Total (Jan) 228,704.0M   237,682.0M
07:45 EUR French Trade Balance (Dec) -14.9B -12.2B -13.6B
08:00 EUR Spanish Industrial Production (YoY) (Dec) 0.6% -0.6% -0.7%
08:05 CNY FX Reserves (USD) (Jan) 3.184T 3.152T 3.128T
08:30 HKD Foreign Reserves (USD) 436.90B   424.00B
09:00 GBP MPC Member Ramsden Speaks         
09:00 SGD Foreign Reserves USD (MoM) (Jan) 291.7B   289.5B
09:40 EUR Spanish 12-Month Letras Auction 2.813%   2.983%
09:40 EUR Spanish 6-Month Letras Auction 2.675%   2.584%
10:00 GBP 5-Year Treasury Gilt Auction 3.351%   3.665%
10:00 GBP Mortgage Rate (GBP) (Jan) 6.66%   6.41%
10:15 GBP BoE MPC Member Pill Speaks         
11:00 BRL BCB Copom Meeting Minutes      
11:00 BRL IGP-DI Inflation Index (MoM) (Jan) 0.06% 0.30% 0.31%
12:00 MXN Gross Fixed Investments (YoY) (Nov) 6.60% 5.50% 6.20%
12:00 MXN Gross Fixed Investments (MoM) (Nov) 0.00%   1.40%
13:00 BRL Auto Production (MoM) (Jan) -20.3%   -11.3%
13:00 BRL Auto Sales (MoM) (Jan) -34.1%   6.3%
13:30 USD Exports     251.90B
13:30 USD Imports     313.40B
13:30 USD Trade Balance (Dec)   -68.50B -61.50B
13:30 CAD Exports (Dec)     64.37B
13:30 CAD Imports (Dec)     64.41B
13:30 CAD Trade Balance (Dec)   -0.50B -0.04B
13:55 USD Redbook (YoY)     4.9%
15:00 GBP BoE MPC Member Cunliffe Speaks         
15:00 USD IBD/TIPP Economic Optimism     42.3
15:00 NZD GlobalDairyTrade Price Index     -0.1%
17:00 USD EIA Short-Term Energy Outlook      
17:00 EUR ECB's Schnabel Speaks         
17:40 USD Fed Chair Powell Speaks         
17:45 CAD BoC Gov Macklem Speaks         
18:00 USD 3-Year Note Auction     3.977%
19:00 USD Fed Vice Chair for Supervision Barr Speaks         
20:00 USD Consumer Credit (Dec)   25.00B 27.96B
21:00 MXN Fiscal Balance (Dec)     -154.83B
21:30 USD API Weekly Crude Oil Stock     6.330M
21:30 AUD AIG Construction Index (Dec)     48.2
21:30 AUD AIG Manufacturing Index (Dec)     44.7
22:00 AUD AIG Services Index (Dec)     45.6
23:00 KRW Current Account (Dec)     -0.62B
23:50 JPY Adjusted Current Account (Dec)   1.25T 191.85T
23:50 JPY Bank Lending (YoY) (Jan)   2.5% 2.7%
23:50 JPY Current Account n.s.a. (Dec)   0.098T 1.804T
GMT Currency Event Actual Forecast Previous Imp.
00:30 AUD RBA Chart Pack Release      
03:00 IDR Consumer Confidence (Jan)     119.9
04:30 INR Cash Reserve Ratio   4.50% 4.50%
04:30 INR Interest Rate Decision   6.50% 6.25%
04:30 INR Reverse REPO Rate     3.35%
05:00 JPY Economy Watchers Current Index (Jan)   48.4 47.9
07:45 EUR French Non-Farm Payrolls (QoQ) (Q4)     0.2% 0.4%
08:30 EUR German Buba Balz Speaks         
09:00 EUR Italian Retail Sales (MoM) (Dec)   -0.8% 0.8%
09:00 EUR Italian Retail Sales (YoY) (Dec)     4.4%
09:00 EUR ECB's Elderson Speaks         
09:30 ZAR Business Confidence     110.9
11:30 INR M3 Money Supply     9.7%
12:00 USD MBA 30-Year Mortgage Rate     6.19%
12:00 USD MBA Mortgage Applications (WoW)     -9.0%
12:00 USD MBA Purchase Index     184.3
12:00 USD Mortgage Market Index     232.4
12:00 USD Mortgage Refinance Index     466.6
12:45 EUR German Buba Balz Speaks         
14:15 USD FOMC Member Williams Speaks         
14:45 EUR German Buba Wuermeling Speaks         
15:00 USD Fed Vice Chair for Supervision Barr Speaks         
15:00 USD Wholesale Inventories (MoM) (Dec)   0.1% 0.1%
15:00 USD Wholesale Trade Sales (MoM) (Dec)   -0.3% -0.6%
15:30 USD Crude Oil Inventories   2.150M 4.140M
15:30 USD EIA Refinery Crude Runs (WoW)     -0.020M
15:30 USD Crude Oil Imports     2.593M
15:30 USD Cushing Crude Oil Inventories     2.315M
15:30 USD Distillate Fuel Production     0.100M
15:30 USD EIA Weekly Distillates Stocks   -0.525M 2.320M
15:30 USD Gasoline Production     0.612M
15:30 USD Heating Oil Stockpiles     -0.328M
15:30 USD EIA Weekly Refinery Utilization Rates (WoW)   0.2% -0.4%
15:30 USD Gasoline Inventories   1.350M 2.576M
16:00 USD Thomson Reuters IPSOS PCSI (Feb)     50.23
16:00 CAD Thomson Reuters IPSOS PCSI (MoM) (Feb)     48.81
16:00 MXN Thomson Reuters IPSOS PCSI (MoM) (Feb)     54.50
16:00 BRL Brazil Thomson Reuters IPSOS PCSI (Feb)     55.21
17:00 USD WASDE Report      
17:30 BRL Foreign Exchange Flows     4.198B
18:01 USD 10-Year Note Auction     3.575%
18:45 USD Fed Waller Speaks         
23:50 JPY Foreign Bonds Buying     -715.4B
23:50 JPY Foreign Investments in Japanese Stocks     379.5B
23:50 JPY M2 Money Stock (YoY)   3.0% 2.9%
23:50 JPY M3 Money Supply (Jan)     2,084.8T
GMT Currency Event Actual Forecast Previous Imp.
00:01 GBP RICS House Price Balance (Jan)   -45% -42%
00:30 AUD Building Approvals (MoM)     18.5%
03:00 IDR Retail Sales (YoY)     1.3%
06:00 JPY Machine Tool Orders (YoY)     1.0%
07:00 EUR German CPI (YoY) (Jan)     8.9% 8.6%
07:00 EUR German CPI (MoM) (Jan)     0.8% -0.8%
07:00 EUR German HICP (MoM) (Jan)     1.2% -1.2%
07:00 EUR German HICP (YoY) (Jan)     10.0% 9.6%
08:30 HKD Foreign Reserves (USD) (Jan)     424.00B
09:30 ZAR Gold Production (YoY) (Dec)     -4.6%
09:30 ZAR Mining Production (Dec)   -6.0% -9.0%
09:45 GBP BoE MPC Treasury Committee Hearings      
10:00 GBP Thomson Reuters IPSOS PCSI (Feb)     41.7
10:00 EUR Italy Thomson Reuters IPSOS PCSI (Feb)     44.85
10:00 EUR Germany Thomson Reuters IPSOS PCSI (Feb)     47.25
10:00 EUR France Thomson Reuters IPSOS PCSI (Feb)     42.75
10:00 EUR Thomson Reuters IPSOS PCSI (MoM) (Feb)     41.28
10:00 EUR EU Economic Forecasts      
10:00 EUR EU Leaders Summit         
10:00 ZAR Thomson Reuters IPSOS PCSI (MoM) (Feb)     43.05
11:00 ZAR Manufacturing Production (YoY) (Dec)   -2.5% -1.1%
11:00 ZAR Manufacturing Production (MoM) (Dec)   -0.5% 2.0%
12:00 MXN Core CPI (MoM) (Jan)   0.69% 0.65%
12:00 MXN CPI (YoY) (Jan)   7.89% 7.82%
12:00 MXN CPI (MoM) (Jan)   0.64% 0.38%
12:00 MXN Month Core Inflation (MoM) (Jan)   8.41% 8.35%
12:00 BRL CPI (MoM)   0.51% 0.62%
12:00 BRL CPI (YoY)     5.79%
12:00 BRL Retail Sales (MoM) (Dec)   -0.7% -0.6%
12:00 BRL Retail Sales (YoY) (Dec)   2.4% 1.5%
13:30 USD Continuing Jobless Claims   1,658K 1,655K
13:30 USD Initial Jobless Claims   190K 183K
13:30 USD Jobless Claims 4-Week Avg.     191.75K
15:30 USD Natural Gas Storage   -193B -151B
16:00 EUR German Buba Mauderer Speaks         
16:30 USD 4-Week Bill Auction     4.490%
16:30 USD 8-Week Bill Auction     4.505%
17:00 EUR German Buba President Nagel Speaks         
18:00 USD 30-Year Bond Auction     3.585%
18:00 EUR ECB's De Guindos Speaks         
19:00 MXN Interest Rate Decision (Jan)   10.75% 10.50%
21:30 NZD Business NZ PMI (Jan)     47.2
21:45 NZD Electronic Card Retail Sales (MoM) (Jan)     -2.5%
21:45 NZD Electronic Card Retail Sales (YoY) (Jan)     4.8%
23:50 JPY PPI (YoY) (Jan)   9.6% 10.2%
23:50 JPY PPI (MoM) (Jan)   0.3% 0.5%
GMT Currency Event Actual Forecast Previous Imp.
00:30 AUD RBA Monetary Policy Statement      
01:30 CNY CPI (MoM) (Jan)   0.7% 0.0%
01:30 CNY CPI (YoY) (Jan)   2.1% 1.8%
01:30 CNY PPI (YoY) (Jan)   -0.5% -0.7%
02:00 KRW Thomson Reuters IPSOS PCSI (MoM) (Feb)     37.97
02:00 INR Thomson Reuters IPSOS PCSI (MoM) (Feb)     65.12
02:00 AUD Thomson Reuters IPSOS PCSI (MoM) (Feb)     54.89
02:00 JPY Thomson Reuters IPSOS PCSI (Feb)     36.29
02:00 CNY China Thomson Reuters IPSOS PCSI (Feb)     73.91
06:30 EUR CPI (YoY) (Jan)     8.7%
07:00 GBP Business Investment (QoQ) (Q4)   -0.3% -2.5%
07:00 GBP Business Investment (YoY) (Q4)     1.3%
07:00 GBP Construction Output (MoM) (Dec)   -0.2% 0.4%
07:00 GBP U.K. Construction Output (YoY) (Dec)   2.8% 4.0%
07:00 GBP GDP (MoM) (Dec)   -0.3% 0.1%
07:00 GBP GDP (QoQ) (Q4)     0.0% -0.3%
07:00 GBP GDP (YoY) (Q4)     0.4% 1.9%
07:00 GBP Index of Services   0.3% -0.1%
07:00 GBP Manufacturing Production (YoY)     -5.9%
07:00 GBP Manufacturing Production (MoM)   -0.2% -0.5%
07:00 GBP Monthly GDP 3M/3M Change     -0.3%
07:00 GBP Trade Balance (Dec)   -16.40B -15.62B
07:00 GBP Trade Balance Non-EU (Dec)     -4.67B
07:00 NOK Core CPI YTD (Jan)   6.1% 5.8%
07:00 NOK Core Inflation (MoM) (Jan)   -0.1% 0.4%
07:00 NOK CPI (MoM) (Jan)   -0.2% 0.1%
07:00 NOK CPI (YoY) (Jan)   6.5% 5.9%
07:00 NOK PPI (YoY) (Jan)     18.7%
09:00 EUR Italian Industrial Production (MoM) (Dec)   -0.1% -0.3%
09:00 EUR Italian Industrial Production (YoY) (Dec)     -3.7%
10:00 EUR EU Leaders Summit         
10:10 EUR Italian 12-Month BOT Auction     3.086%
11:30 INR Bank Loan Growth     16.5%
11:30 INR Deposit Growth     10.6%
11:30 INR FX Reserves, USD     576.76B
12:00 GBP NIESR Monthly GDP Tracker   -0.1% 0.1%
12:00 MXN Industrial Production (MoM) (Dec)   0.1% 0.4%
12:00 MXN Industrial Production (YoY) (Dec)   2.0% 3.2%
12:00 INR Cumulative Industrial Production (Dec)     5.50%
12:00 INR Industrial Production (YoY) (Dec)   2.6% 7.1%
12:00 INR Infrastructure Output (YoY)     7.4%
12:00 INR Manufacturing Output (MoM) (Dec)     6.1%
12:00 BRL Brazilian Service Sector Growth (MoM) (Dec)   1.0% -0.5%
12:00 BRL Brazilian Service Sector Growth (YoY) (Dec)   3.9% 6.3%
13:30 CAD Employment Change (Jan)   15.0K 104.0K
13:30 CAD Full Employment Change (Jan)     84.5K
13:30 CAD Part Time Employment Change (Jan)     19.5K
13:30 CAD Participation Rate (Jan)     65.0%
13:30 CAD Unemployment Rate (Jan)   5.1% 5.0%
13:45 EUR German Current Account Balance n.s.a (Dec)     16.9B
14:00 GBP BoE MPC Member Pill Speaks         
14:00 EUR ECB's Schnabel Speaks         
15:00 USD Michigan 5-Year Inflation Expectations (Feb)     2.90% 2.90%
15:00 USD Michigan Consumer Expectations (Feb)     62.9 62.7
15:00 USD Michigan Consumer Sentiment (Feb)     65.0 64.9
15:00 USD Michigan Current Conditions (Feb)     68.0 68.4
15:00 USD Michigan Inflation Expectations (Feb)     4.0% 3.9%
17:30 USD Fed Waller Speaks         
18:00 USD U.S. Baker Hughes Oil Rig Count     599
18:00 USD U.S. Baker Hughes Total Rig Count     759
19:00 USD Federal Budget Balance (Jan)   -55.0B -85.0B
20:30 GBP CFTC GBP speculative net positions     -23.9K
20:30 USD CFTC Aluminium speculative net positions     5.9K
20:30 USD CFTC Copper speculative net positions     20.2K
20:30 USD CFTC Corn speculative net positions     277.4K
20:30 USD CFTC Crude Oil speculative net positions     249.8K
20:30 USD CFTC Gold speculative net positions     157.7K
20:30 USD CFTC Nasdaq 100 speculative net positions     -25.3K
20:30 USD CFTC Natural Gas speculative net positions     -171.0K
20:30 USD CFTC S&P 500 speculative net positions     -209.0K
20:30 USD CFTC Silver speculative net positions     25.7K
20:30 USD CFTC Soybeans speculative net positions     155.2K
20:30 USD CFTC Wheat speculative net positions     -48.3K
20:30 CAD CFTC CAD speculative net positions     -30.7K
20:30 MXN CFTC MXN speculative net positions     -48.7K
20:30 CHF CFTC CHF speculative net positions     -9.5K
20:30 AUD CFTC AUD speculative net positions     -33.2K
20:30 BRL CFTC BRL speculative net positions     22.8K
20:30 JPY CFTC JPY speculative net positions     -21.6K
20:30 NZD CFTC NZD speculative net positions     2.2K
20:30 EUR CFTC EUR speculative net positions     134.3K
21:00 USD FOMC Member Harker Speaks         

VPS hosting for forex trading

Our Virtual Private Server (VPS) is available for all new and existing clients who maintain a minimum balance of $4,000 or equivalent in EUR, GBP or SGD in their account. It allows expert advisors to be installed and operate without interruption 24 hours a day, whenever the markets are open. This is provided in partnership with Beeks FX, a global leader in VPS solutions. If you are a forex trader and would like access to one of the fastest VPS services in the industry, then please complete the short form below to find out more.

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Key Features

  • Free for accounts that maintain a $4,000 balance or equivalent in EUR, GBP or SGD
  • Increases trading speed
  • No required number of lots to be traded
  • 24/7 technical support directly with hosting company
  • Compatible with expert advisors
  • Accessible from anywhere in the world
  • Reduces latency
  • Reduces slippage
  • Improves tick count

Specifications

  • 1152 MB Ram
  • 1 vCPU
  • 17gb HDD
  • Windows 2012 (minimum)

What is a pip?

A pip is the minimum fluctuation of the instrument being priced. At ICM we have introduced 5 digit quotes to allow our clients to benefit from smaller price increments and moves in the market. For instance, Instead of quoting prices with 4 digits, i.e EURUSD 1.3151/1.3153, we quote the pair at a lower spread of 1.3 as 1.31508/1.31524.

What is a lot?

A forex lot is the amount of currency you buy or sell. For example, if you wish to trade $100,000, this is the size of the trade. A forex lot is a representation of trade size in a different format. In this example, a standard lot would represent 100,000 of any currency.

EUR 100,000 = 1 standard lot Euro

ICM offers leverage of 1:200. However, while you can earn profits by using leverage, it can also work against investors. For example, if the currency underlying one of your trades moves against you, leverage will greatly amplify the potential losses. To help reduce the chances of such a scenario occurring, forex traders typically implement a trading style that includes the use of stop and limit orders.

To assist with accuracy, please ensure the numbers entered are in the required format and include the correct amount of digits. For example, if EUR/USD is quoted at 5 digits instead of 4.

Incorrect format: 1.3151/1.3153

Correct format: 1.31508/1.31524

In order to calculate the pivot point you must take the Open, High, Low and Close price located in the MetaTrader 4 platform, by using the 'Crosshair' (the + sign in the top left hand corner) and moving it over the chart.

What is a trailing stop?

A trailing stop causes the level of the stop loss to trail the price level of a buy or sell position. Using a specified algorithm, a trailing stop enables traders to maintain their open position and continue to achieve positive results as long as the price moves in their favoured direction. Once trailing stops have been fixed they do not have to be altered manually, unlike a stop loss.

Will the trailing stop work when I am offline?

When a trailing stop order is being placed, ensure the MetaTrader 4 client terminal is running and that your device is connected to the internet, as it will only remain active when you are online. Once the trading platform is closed, your trailing stop order will be deactivated, and your stop loss order will remain active if placed before the trailing stop.

If you are new to forex trading, micro lots are an ideal way for you to enter a fast-moving and exciting market with a daily turnover of over  $5 trillion a day. In forex trading, the minimum contract size for a micro account is 0.01 of a lot, which is equal to 1,000 units of the base currency.

At ICM, every trader is treated equally irrespective of their deposit size, and we offer this type of trading to all clients, while also being available on both our demo and live MT4 platforms.

We are always looking for new ways to improve your trading environment and offer the highest standards of service. If you have any questions please feel free to get in touch with our Client Services team.

Apply for live account 

Key Features

  • Start and stop following signal providers in a matter of minutes
  • You can stop following a signal provider at any time
  • Follow multiple traders at once to diversify your strategies
  • Trades are directly linked to the client’s own platform and continue to be placed even when they are away from their system
  • Free demo version is available before going live

How to access trading signals

Becoming a signal provider

Advanced ICM traders also have the option to use trading signals. Simply register  here as a ‘Seller’ by completing the registration form. Once complete, you can sell signals to thousands of subscribers around the world. Please note, while there are no registration costs involved, it will take 30 days for your trade history to be reviewed by MetaQuotes before a fee can be added to your service.

Please read our helpful user guide on becoming a signal provider: User guide

Are trading signals secure?

The MetaQuotes software ensures each trade features a digital signature that prevents the trade from being copied incorrectly. Trades triggered by a provider’s signal are duplicated on the subscriber’s account to reflect the money management rules used by the signal provider. Signal providers are paid a fixed monthly subscription fee.

How do I choose a signal provider?

Generally, if a signal provider has performed 100 or more trades it can be viewed as an active account. Clients should be aware of the drawdown percentage, with anything lower than 30% thought to be ideal.

Following signal providers with a steady growth rate is also advisable. However, if the growth rate reaches a high point in a short space of time, they could be trading in a high-risk manner. Finally, you may find that paid signals are more reliable in the long run. If you choose to follow a signal provider who charges a fee to receive their signal, you can have confidence the signal provider has used the 30 day trial period and has subsequently been verified by MetaQuotes, a process all traders must go through if they wish to charge for their signals.

How can I manage my risk with trading signals?

To manage risks treat each one as an individual trade and ensure parameters are also set to mitigate potential risk. Develop a strategy to decide how much of your account will be dedicated to each signal provider. Also ensure the strategy contains an exit plan along with rules of when you will stop tracking each signal.

Disclaimer
MetaQuotes Software Corp. is a respected third party software development company however the information provided should not be considered as trading advice. ICM provides the opportunity for clients to follow trading signals to support clients in their trades, however each Signal Provider should be independently evaluated. ICM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
 

 

cAlgo (cTrader Automate) is an algorithmic trading solution natively integrated with cTrader, working seamlessly alongside all other functionalities of the platform. Traders can build automated trading robots and custom indicators in C# language using the cTrader API, all built from a platform equipped with the tools needed to effectively back test and optimise trading strategies.

    CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spot FX work, and whether you can afford to take the high risk of losing your money. Read more
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