FAQs
GENERAL
How to link your MT5 account with SpyStream?
The following procedures will help you connect your trading account to SpyStream: • Create an account with SpyStream by signing up. • Add an account by going to “My Accounts” and clicking “Add Account”. • Fill up your MT5 account information in the box that appears: Login and Password • SpyStream will link your MT5 account once it has been verified by SpyStream. • Select whether you want to be a Signal Provider or a Subscriber.
Is there a possibility to link various strategies to a single trading account?
You may either connect a single strategy to a single trading account or various trading strategies to a single trading account. All of the strategies linked to your account are shown in the "Strategies" section of your profile.
STRATEGIES
How to become a Strategy Provider?
To begin, you must first create a SpyStream account and an MT5 trading account. Then, connect your MT5 trading account to your SpyStream account. After that, go to your SpyStream account and choose "Add a Signal." Fill up the pop-up form with all of your strategy details. Your strategy will appear on the active strategies list after the moderators have approved it.
As a Provider, how many strategies can I create?
As a Provider, you are not limited to a certain number of strategies as long as each strategy registered to SpyStream has its own trading account.
How can a Provider cancel a strategy?
Go to the Strategy page and click the "Stop Signal" button to check that all open positions are closed.
How does a Provider get rewards?
The commission charge is calculated daily if subscribers open positions as a result of the Provider's signals. The fee is based on 70% of the trading volume copied by the Subscribers.
How to connect a Strategy?
You must have a trading account linked to SpyStream in order to connect one of the strategies given at SpyStream. Select a strategy and click the “Subscribe button”. Set the parameters for the strategy. When the settings have been completed, it will be forwarded for review. The strategy will be linked to your account once the moderators have approved your strategy preferences.
How to unsubscribe from a strategy?
To cancel a subscription, go to “My Accounts”, then click “I Follow”, then choose the Subscription you wish to cancel.
Is there a limit to how many techniques I may copy at the same time?
You may copy as many strategies as you like; there are no limits to the number of subscriptions you can have with SpyStream.
CALCULATIONS
What is the difference between Balance and Equity?
The amount of money currently accessible in your account, including open positions, is known as equity. The formula for calculating equity is as follows: Equity = Balance + Credit + Floating Profit – Floating Loss. The balance comprises of all trading and non-trading operations (funds deposit and withdrawal) and transactions that have been completed. Balance, unlike equity, does not include open positions. If there are no open positions, equity can be equal to balance.
Calculation of the subscription fee
Please keep in mind that charges are only incurred for volumes traded utilizing signals, i.e., only when a position is opened or closed. If you connect a strategy but no transactions take place, no commission fee is deducted. The commission fee is computed based on a 1-million-dollar trading volume. Example of calculation: you connect a strategy to a 20-dollar commission fee. That implies that if you open a trade worth $100,000, the commission will be $2.00.
Procedures for calculating once a subscription has been canceled.
There are no extra charges when a Subscriber disconnects from a Strategy Provider's strategy. All earnings accrued up to the time of canceling a subscription are retained in the Subscriber's account balance.
Is it possible to close a certain position in the whole Strategy I copy?
Any position of a copied strategy can be changed (opened or closed) by the Subscriber, but the transaction must be completed directly at the MT5 interface. Is it possible for a user to be both a Signal Provider and a Subscriber? Yes, however the User must open two different MT5 accounts: one for personal signals and the other for copying signals from other providers.
What happens if a Signal Provider terminates a User's subscription to a strategy?
The User will receive an email notification if the Provider cancels the strategy. All open positions will be closed at the time of Strategy cancellation, and complete information will be shown on the MT5 account.
OTHER
What is the best way to rank strategies?
You may rank strategies based on a variety of factors: • Assets that are traded • Profitability • Amount of followers • Commission received by the strategy provider
When a strategy is connected, are stop-losses and take-profits automatically set up?
Yes, Stop-losses and take-profits are automatically set up.
How can you figure out how profitable a strategy is?
The strategy's profitability is calculated continually over its entire life cycle. Profitability can always be explored using the full charts on the strategy's website.
What do we mean when we say top trading strategies?
At SpyStream, the top strategies are those that are the most profitable.