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- Trading Robots
- Forex Copier
Forex Copier
What is a Forex Copier? 🤔
- A Forex copier is a powerful trading tool that duplicates trading activities across multiple accounts.
- It functions by copying trades from a master account to one or more slave accounts in real-time.
- This allows traders to automate their trading strategies, easily managing multiple accounts without manual effort.
How Does It Work?
- The copier operates by recognizing and synchronizing orders made in the master account to the slave accounts.
- It works with various trade types including market and pending orders.
- Forex copiers can be set up within the same platform (like MT4 to MT4) or across different platforms (like MT4 to MT5).
Types of Forex Copiers
- Local Trade Copiers: These work between accounts on the same computer or VPS, offering speed and reliability.
- Remote Trade Copiers: These allow copying trades between accounts on different computers over the internet.
- Mirror Copiers: Ideal for simultaneous copying of trades across multiple platforms, ensuring versatility and wide application.
Key Features of Forex Copiers
- Ability to copy trades with custom lot sizes, based on personal preferences for risk management.
- Advanced filtering options to copy only specific types of trades based on criteria like account equity or order type.
- Support for multiple masters and slaves, allowing for complex trade management setups. 🌍
Benefits of Using Forex Copiers
- Time-saving: Eliminate the need for manual trade execution across multiple accounts.
- Consistency: Maintain a uniform trading strategy across all accounts effectively.
- Flexibility: Adapt copying settings according to market conditions and personal trading preferences.
Popular Forex Copiers Available
- EASY Trendopedia: A leading trend-following tool helping traders capitalize on market movements.
- EASY Scalperology: Tailored for scalpers, providing fast and efficient trade copying.
- EASY Breakopedia: Focused on breakout strategies, enabling users to exploit price breaks swiftly.
Considerations When Choosing a Forex Copier
- Ensure compatibility with your trading platform (e.g., MT4 or MT5).
- Check for speed and reliability to avoid delays that can affect trade outcomes.
- Look for features that allow for customization based on your trading strategy requirements.
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Release Date: 26/10/2020
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Release Date: 25/02/2024
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Release Date: 07/02/2021
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Release Date: 09/09/2022