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Trading Copier

Understanding Trading Copier

  • A Trading Copier is a tool designed to replicate trades from one account to another seamlessly.
  • This allows traders to follow others' trades without having to make each trade manually.
  • It operates primarily within MetaTrader platforms, particularly MT4 and MT5.
  • How Does It Work?

  • The copier acts as a bridge between 'master' accounts (providers) and 'slave' accounts (receivers).
  • When a trade is executed on the master account, it is instantly replicated on the slave account, often with little to no delay (under 0.5 seconds).
  • This functionality allows a single master account to send signals to multiple slave accounts, or vice versa.
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    Key Features of Trading Copiers

    • Compatibility across different MetaTrader versions (MT4 to MT5 and vice versa).
    • Support for both market orders and pending orders, allowing comprehensive trading strategies.
    • Options to customize lot sizes based on specific trading strategies or account balances.
    • Real-time synchronization of trade management elements like stop-loss (SL) and take-profit (TP) levels.
    • Basic features for filtering trades based on criteria such as symbol or order type.

    Benefits of Using Trading Copiers

  • Reduces time spent on analyzing markets and executing trades, enabling more efficient trading.
  • Allows traders to mimic successful strategies of experts without needing a deep understanding of the market.
  • Acts as a risk management tool by providing instant updates on trade changes made by the master account.
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    Popular Trading Copier Options

    • Trade Copier Pro: Supports multiple master and slave accounts and enables subscriptions for time-sensitive trades.
    • Auto Trade Copier: Operates locally (same PC/VPS) with 100% accuracy and is ideal for internal strategies.
    • Trade Copier Agent: Facilitates fast copying speeds across multiple terminals and accounts, ensuring secure trade replication.

    Getting the Most Out of Your Trading Copier

  • Evaluate the performance metrics offered by the copier to understand success rates.
  • Experiment with different settings for lot sizes based on your risk profile.
  • Consider combining trade copying with your own strategies for diversified trading success.
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    Release Date: 26/10/2020