FOREX Software | Forex Tools | Metatrader Forex Software

Summary: It looks difficult to deal with the MetaTrader PowerTradeCopier but in fact it is very easy. If you face difficulties interfacing with that tool, this should help.

Basically, the adjustment of the modules in this tool is all the same. However, there is one unique difference, which is the fact the master accounts do not require password while slave accounts do. Slaves must enter a password and configure the transmission parameters for the master. We shall look into the general settings before proceeding.
Start the general setting by running the PowerTradeCopier.exe program. After running the program, you should see a Multiterminal window appears. What you should do next is to click on “Settings” command button located at the bottom left of the Multiterminal window. Then, you may start adding servers for Master and Slave. There are actually two ways or method to add servers for both the Master and Slave terminals. In this article, I will recommend you the short and easy method.

You can add your servers by selecting “Metatrader” tab at the “Settings” window. Once you have selected the “Metatrader” tab, browse for your terminal.exe file. The next step after searching for your .exe file is to click “Open” at the right bottom corner. You should see that the path is listed in the huge text box. Right after that, you can add the second terminal by clicking add at the “Settings” window and repeat the earlier process. Your master and slave servers are now added and they are ready for use. However, if the IP for the server is changed, the PowerTradeCopier changes its server accordingly.
Besides adding servers, the PowerTradeCopier can be used to manage orders as well. To manage your orders, click on the “Order” tab on the Multiterminal window. Red color order means the order was opened to the master terminal before the PowerTradeCopier runs while green color order is opened after the PowerTraderCopier runs. Click on “Copy Selected Order” if you wish to copy red orders.

MetaTrader MultiTerminal official website