FOREX Software | Forex Tools | Metatrader Forex Software

What is PowerTradeCopier Forex Software?

The PowerTradeCopier is a forex software that works with MetaTrader4 trading platforms and allows you to copy trades from one or more Master terminals to one or more Slave terminals. The slave terminals may be on the same or different brokers. (The MT4 multi terminal tool provided by MetaQuotes allows trading multiple accounts on a single broker platform only)

The Master terminals and PowerTradeCopier forex software run on our computer.
The Master terminal is our MT4 broker platform running on our computer.

The Slave terminals and PowerTradeCopier forex software run on your computer.
The Slave terminal is your MT4 broker platform running on your computer.

All account information (logins and passwords and server names) for the Masters and Slaves are set up in the PowerTradeCopier program. The passwords for the slave terminals must be the regular passwords and NOT the investor passwords. The server names can be found in the server tab of the MT4 tools/options screen.

When we enter a trade on the Master Terminal (the MT4 platform on our computer), the trade is “copied” via the PowerTradeCopier forex program on your computer to its server. The server then logs into each of your Slave broker accounts and “copies” the trades (using the rules you set up in the PowerTradeCopier program for each Slave). Because our server is fast and reliable, these trades are “copied” very quickly. The trades can also be modified or closed from our Master terminal.

Notes:
You do not need to have the MT4 Slave terminals running on your computer but it is helpful to do so, especially at first, so that you can see that the trades are being executed on the slaves as you expect them to be. But you have to run slave PowerTradeCopier 24/5.

During times of high volatility, especially during important news, some brokers will go into modes where they will dramatically increase spreads, suspend trading, or just stop working altogether for several minutes. If possible, avoid trying to enter, exit or modify trades during these times.

If your operating system is Vista or Windows7, you may need to run PowerTradeCopier in administrator mode. In Windows7 you can do this by right clicking on the PowerTradeCopier icon and selecting “Run in Administrator” in the drop down menu.

PowerTradeCopier Acount Copier