Forex Account Copier – Explanation Video

More information: Account Copier

Forex Account Copier

ACCOUNT COPIERS – USING A FOREX ACCOUNT COPIER

The Forex market is a thriving place where people all over the world are buying and selling currencies in order to make money for themselves. And if you’re reading this article there’s a good chance you’re already involved in the market, or at least seriously considering becoming so. But there are other ways to make money trading on Forex besides just making money trading on Forex, if you catch my drift. You can also make money selling your successful trading strategy to other traders. And a great way to do that is to actually sell real-time trading signals through an account copier.

WHAT IS AN ACCOUNT COPIER?

A Forex account copier is used to copy the signals you send to your trading platform, sending them as well to another trader’s or multiple traders’ platforms, which process those signals and make the same trades for them as you just made yourself. This way, if you have a trading strategy that’s making you money, you can sell those signals to other traders, either at a specific rate or for a percentage of the profit they make from using them, increasing your own profit by that much more.

HOW DOES IT WORK?

A Metatrader 4 or MT4 account copier works by designating one terminal as the “master” and one or more other terminals as “slaves.” It then runs an expert advisor on the master terminal, logging and copying your trades, then sending a signal to a different expert advisor on the slave terminals, which processes those signals and makes the same trades for those accounts. This all happens over the internet in milliseconds, so that the slave terminals are making the same trades at almost the exact same time as the master terminal.

WHAT IS THE BENEFIT TO YOU?

The obvious benefit is the chance to make more money. As long as you have a successful trading strategy that consistently makes a profit over a long period of time, then there will be people willing to pay you for your trading signals. Since you can sell those signals for a percentage of the money that your clients are making with them, the risk to you is nil, and the risk to them is minimal since they’re not paying out of pocket. True, they’re risking their own deposits, but that’s a manageable risk since you will have shown them proof that your signals are worth paying for.

HOW DO YOU PROVE YOUR SIGNALS WORK?

As soon as you set up your Forex account, be sure to register it with a reputable third-party monitoring site. This will be something you can show potential clients, demonstrating how effective your strategy is, how much profit it’s made, and giving them a detailed history of all of your trades. As well, you can set your possible clients up with an investor password for your actual Forex trading account. This way they can log in to your account with your broker. They won’t be able to change anything, but they will be able to look over all of your trading history and check out your charts and graphs to see how well your strategy works.

CAN IT COPY TRADES FROM A TRADING ROBOT?

This is another great advantage of an account copier. If you have an automated trading system that is consistently making money, you can use it in tandem with your account copier so that your robot’s trades get copied to your investors’ accounts. If done properly, you can have a fully automated business where you hardly even have to monitor your account, and make money both through your trading robot and through the signals you sell of its trades.

HOW DO YOU FIND AN ACCOUNT COPIER?

Forex forums are a good place to look. There are many of them all over the internet with thousands of traders discussing the best (and the worst) software packages available. With some careful research you can get a good idea of which account copiers are the best to try.

If you would like more information on Account copier or general information on Forex trading, visit my web site at http://multiterminal.net

PowerTradeCopier – New Generation of Account Copiers

Forex Copier Based on MT4 Scripts Local Version

Delay = script delay (about 0.5 sec) + MT4 delay (0.6 sec) + execution time = 1.1 sec + execution time

Script delay - script polls MT4 every N sec. Usually N = 0.4 -- 1 sec.
MT4 delay -- MT4 has build-in delay 647 ms

PowerTradeCopier

Delay = execution time

Forex Copier Based on MT4 Scripts NET Version

Delay = script delay (about 0.5 sec) + MT4 delay (0.6 sec) + execution time + Internet Delay (about 2 sec) = 3.1 sec + execution time

PowerTradeCopier

Delay = execution time

You Are Loosing 2+ pips On Each Order Not Using   PowerTradeCopier  Read more

PowerTradeCopier 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

Metatrader Account Copier (Metatrader Multiterminal) new options

We have added very useful options for our metatrader multiterminal PowerTradeCopier

Reverse – will help traders make loss strategies profitable. Long orders copied as short orders and vice versa.
Hidden – Stop Loss and Take Profit will be hidden from broker. Order will copyed without StopLoss and TakeProfit. The values of StopLoss and TakeProfit profit stored in the memory. When level of order is executed, order will be opened as market order.
Spread_Control – StopLoss and(or) TakeProfit will be postponed (on difference between new spread and old spread) if the broker will expand the spread

Metatrader 5 – Metatrader 4 Account Copier

Metatrader 5 platform offers the better tools for  analysis  , autotrading and strategies testing than Metatrader 4. If you manage multiple accounts you can analyze forex market  on Metatrader5 demo, open trades and copy trades from Metatrader 5 account to Metatrader 4 accounts synchronous. It is possible with new CopyToolPro MT5–>MT4 account copier module.

Example

Example:

Step 1)
MT5: 0.2 lot BUY EURUSD opened, summary position 0.2 lot BUY EURUSD
MT4: copy open 0.2 lot BUY EURUSD

Step 2)
MT5: 0.3 lot BUY EURUSD added, summary position 0.5 lot BUY EURUSD
MT4: copy open 0.3 lot BUY EURUSD, now we have 2 orders on MT4 (0.2 and 0.3)

Step 3)
MT5: 0.1 lot BUY EURUSD closed, summary position 0.4 lot BUY EURUSD
MT4: copy close 0.1 lot BUY EURUSD, we still have 2 orders on MT4 (0.1 and 0.3)
etc

BJF Trading Group inc.

http://iticsoftware.com

MetaTrader Account Copier “PowerTradeCopier” Advantages

MetaTrader Account Copier “PowerTradeCopier” allows copy orders from master terminal (metatrader 4) to several slave (metatrader 4) terminals. You can copy orders from ecn brokerage company (market execution) to instant execution brokerage companies and and vice versa. MetaTrader Account Copier “PowerTradeCopier” compatible with 4 digits quotes brokers as well as with 5 digits quotes brokers.

VIEW VIDEO!

Some traders, who can not trade successfully by themselves, prefer to copy orders of third party expert advisors. If you have an investor password from some account in Meta Trader 4 and you want to copy trades from this account to yours. You can easy adjust lot size or set lot size as a percent by account balance. A lot of professional traders sell forex trading signals. But it is very hard task to copy those signals manually.  MetaTrader Account Copier “PowerTradeCopier” will help you to deliver the forex signals via the Internet to your customers and execute forex signals in fully automated mode.

MetaTrader Account Copier “PowerTradeCopier” Advantages:

-the multiterminal program copies the order immediately without delay (delay =0);

-you do not need to install and  run slave metatrader terminals;

-advanced copying settings: money management, overwrite or delete  SL/TP/Comments, filters, logs;

- clients (sub accounts) management settings: add new user/delete/block/unlock;

- traders password not requires. You can use investor password for master terminal;

- your clients can put password and adjust copying parameters on their side.

Learn more about MetaTrader Account Copier “PowerTradeCopier”

Other metatrader account copiers:

Metatrader Account Copier “CopyToolPro”

BJF Trading Group inc.

http://iticsoftware.com