Trade Copier

What is a Trade Copier?

A trade copier is a software tool designed to replicate trades from one trading account (the provider) to another (the receiver). This tool is invaluable for traders who manage multiple accounts or for signal providers who want to share their trades with others. The trade copier ensures that all trading actions, including entry, exit, stop loss (SL), and take profit (TP) levels, are mirrored accurately and promptly between accounts.

Types of Trade Copiers

Local Trade Copier: Copies trades between accounts on the same computer or VPS. Example: Local Trade Copier EA MT4 and MT5.
Remote Trade Copier: Copies trades between accounts on different computers or locations over the internet. Example: Trade Copier Pro and Unlimited Trade Copier Pro.

Key Features

Compatibility: Supports copying between MT4 and MT5 accounts, including cross-platform copying (MT4 to MT5 and vice versa).
Speed: Fast copying speeds, often under 0.5 seconds, ensuring minimal delay in trade replication.
Flexibility: Allows one provider to copy trades to multiple receivers and vice versa. Some copiers also support multiple masters and slaves.
Customization: Offers various lot sizing options, including fixed lot, equity ratio, and proportional ratio.
Filtering: Ability to filter trades by order type, symbol, magic number, and comment.
Protection: Features to protect against slippage, outdated orders, and drawdown.
Notifications: Provides alerts via email, mobile, and push notifications.

Popular Trade Copiers

Trade Copier Pro: Ideal for signal providers, allows copying to multiple receivers with subscription expiry settings.
Unlimited Trade Copier Pro: Offers unlimited remote receivers and advanced filtering capabilities.
Auto Trade Copier: Designed for local copying with 100% accuracy, suitable for both MT4 and MT5 accounts.
Local Trade Copier EA: Known for its high-speed copying and user-friendly interface, available for both MT4 and MT5.

Use Cases

Signal Providers: Share trades with subscribers globally, setting custom rules and subscription expiries.
Account Managers: Manage multiple client accounts by replicating trades across all accounts.
Traders: Scale up trading strategies by copying trades from a master account to multiple slave accounts.

Advanced Features

Symbol Mapping: Automatically matches symbol prefixes and suffixes between different brokers.
Reverse Copying: Allows trades to be copied in the opposite direction, useful for hedging strategies.
Partial Closure: Supports partial closure of trades and synchronized trade closure.
Virtual Levels: Implements virtual take profit, stop loss, break even, and trailing stop levels.
Emergency Protection: Closes all copied trades and disables copying based on equity level or drawdown percentage.

Installation and Setup

Install the trade copier on both the provider and receiver accounts.
Configure settings such as lot size, slippage, and delay parameters.
Add the provider's account number to the receiver's list to start copying trades.
Monitor and manage copied trades through a real-time control panel.

Conclusion

Trade copiers are essential tools for modern traders, offering a seamless way to replicate trades across multiple accounts. Whether you're a signal provider, account manager, or individual trader, a trade copier can enhance your trading efficiency and profitability. 🚀📈