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Trade Copier for MT4

What is a Trade Copier for MT4?

  • A trade copier for MT4 is a software utility that automatically replicates trades from a master account to one or multiple slave accounts.
  • This tool streamlines the trading process, allowing traders to execute trades simultaneously across different accounts, ensuring consistency and efficiency.
  • Trade copiers can operate locally on the same computer or remotely over the internet, enabling greater flexibility for traders.
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    Key Features

  • Supports trading between multiple MT4 accounts across different computers or locations.
  • Ability to copy both market orders and pending orders with minimal delay.
  • Options for copying trade specifics such as entry price (EP), stop loss (SL), take profit (TP), and exit points.
  • Customizable settings for lot sizes, allowing users to adjust the scale of copied trades based on individual strategies.
  • In-built filters to selectively copy trades based on parameters like order type, magic number, or specific symbols.

    • Types of Trade Copiers

  • Trade Copier Pro: Ideal for signal providers wanting to share trades globally. Can handle remote and local receivers simultaneously.
  • Unlimited Trade Copier Pro: This version allows unlimited connections and is perfect for traders needing extensive reach without limitations.
  • Auto Trade Copier: Designed for efficient copying of trades on the same PC/VPS with high accuracy and no delays.

    • How It Works

  • Traders set up a master account and configure one or more slave accounts to receive trade signals.
  • The copier uses a specific protocol to transmit trade information, ensuring rapid and accurate duplication of trades.
  • Trade copiers can also sync SL and TP orders, providing enhanced risk management capabilities for the receivers.
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    Popular Trade Copier Options

  • Trade Copier Global: Allows for cross-terminal copying with features to accommodate pending and market orders, as well as partial order closure.
  • Copy Cat Trade Copier: Offers flexibility with options for enabling or disabling specific trades based on parameters like master manual trades.
  • COPYLOT Master/Client: A comprehensive solution for synchronizing trades across various accounts seamlessly.

    • Best Practices for Using Trade Copiers

  • Ensure all accounts involved have compatible settings and permissions to maximize the effectiveness of the copier.
  • Regularly monitor the copier’s performance and adjust settings based on market conditions or personal trading strategies.
  • Consider using trade copiers in conjunction with other strategies and EAs to diversify trading outcomes.
    • Trade Copier for MT4
    MT5 Utilities

    Easy Rating: 0/0

    MQL Rating: 482/26

    Copy Trading Forex Trading

    So, you’re interested in the Trade Copier for MT4? Well, put on your trading hat because we’re about to delve into whether this gadget is going to make you the next Forex wizard or send you packing! With its promise of copying your trades faster than you can remember your pas ...

    Release Date: 09/09/2022

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