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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
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 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
How To Use MetaTrader PowerTradeCopier?
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.
