Trades copier

In the world of Forex trading, automated trading tools like Trade Copier have made a significant impact on the way trades are managed across multiple accounts. This comprehensive review looks into the features, functions, and benefits of the Trade Copier software to provide insights into how it facilitates Forex trade duplication on MT4/MT5 platforms.

Trade Copier: A Simple Solution for Trade Duplication

The Trade Copier software stands out for its simplicity and affordability. Compared to other similar products in the market, it is cost-effective and straightforward to use. Unlike other tools that may miss trades or create duplicate copies due to complex settings, Trade Copier ensures accurate duplication of trades across multiple accounts.

It is capable of copying both pending orders and market execution orders. Any modifications or partial closures made to the trade in the sending account are replicated in the receiving account. This includes changes in trade lot sizes, making it adaptable to the user’s needs.

Overcoming Price Differences in Forex Trading

One of the challenges in Forex trading is the slight price differences that may occur between brokers. Trade Copier has a unique feature to address this. It can wait for the exact price or accommodate some slippage pip to execute a trade with a slightly different price. This ensures trades are not missed due to minor price differences.

Compatibility with Automated and Manual Trading

Trade Copier is compatible with both automated and manual trading. Trades opened by another robot or manually by the trader can be copied and modified. Applying the software on a single chart will activate it for the entire account, making it easy and convenient to use.

Setting Up Trade Copier on MT4/MT5

Setting up Trade Copier requires two MT4 terminals installed on the same computer or VPS. After running a test version of any EA on the first terminal, the Trade Copier EA is applied on a different chart and set to SEND. This sends all open trades to the second MT4 account on the other terminal. The second terminal should also have the Trade Copier EA set to RECEIVE. This will copy the trades opened on the first MT4 platform to the second one. Both the sending and receiving MT4 accounts should have the EA running for successful trade duplication.

FAQs About Trade Copier

1. Does Trade Copier work on demo versions?
No, Trade Copier does not work on demo versions. It is designed to copy trades on the real accounts only.

2. What to do if trades are not getting copied?
If trades are not getting copied, it could be due to a price difference on both accounts. To resolve this, increase the slippage pips in the settings to allow the copy to occur even with a slight price difference.

3. Can Trade Copier copy trades opened by another robot?
Yes, Trade Copier can copy and modify trades opened by another robot or manually by the trader.

For more detailed product operation parameters and independent testing of the Trade Copier, visit the forexroboteasy.com website. Those interested can also subscribe to updates on the results of testing this product. We invite all users to share their experiences using the Trade Copier software, as this will be invaluable to other traders and software users.

This is an independent product review, and the information provided has been sourced from the product’s official documentation and user feedback. The aim of this review is to provide a comprehensive understanding of the Trade Copier software and its application in Forex trading on MT4/MT5 platforms.