Trade Copier Pro - Full description

12 April 2020, 18:16
Vu Trung Kien
0
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Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules.

One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that time.

The copier allows copying to local and remote receivers at the same time.

Reference:

Followings are highlight features

  • Copy between MT4 and MT5 accounts.
  • Switchable between Provider or Receiver role within one tool.
  • One provider can copy trades to multiple receivers and one receiver can receive trades from multiple providers.
  • Provider/Receiver can manage his Receiver/Provider list via powered database managing system without additional tool (add, remove, edit, enable/disable, set expiry).
  • The provider can set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that time.
  • Provider/Receiver list can be edited either inside MT4 or by exported .csv file.
  • Switchable between Remote mode (copy over internet) and Local mode (copy within the same PC/Server).
  • In Remote mode, the copier still send signals to local receivers at the same time.
  • Switchable between Trade protocol (copy trades) and Signal protocol (send/receive signal alert only).
  • By default, SL/TP modifications, not only Entry and Exit, will be copied, so it's more secure for receiver in the case the connection is lost or terminal is down. But provider have the right to hide SL, TP and order modification (just copy entry and exit) to hide strategy from receiver.
  • Protect receiver from slippage and outdated orders.
  • Receiver's account can still trade manually or use other EAs without any conflict.
  • Auto recognize and match symbol prefix/suffix between different brokers.
  • Allows up to 5 special symbols setup (i.e.: US500--> USA500, etc.,).
  • Multiple lot size setting options for receiver.
  • Drawdown protection to receiver account.
  • Allows to filter copy either SL or TP or exit point.
  • Allows to filter which type of orders will be copied for both provider and receiver.
  • Allows custom SL and TP at receiver.
  • Allows inverted copying for both provider and receiver.
  • Filter the inclusive/exclusive pairs to copy.
  • Filter the copy orders by order comment and magic number.
  • Send signal notification to email, mobile and telegram.
  • Restore previous settings and status after terminal turn-off or power shutdown.
  • Real-time control panel.
  • Easy usage and friendly interface.


Usage

  • Add URL "http://copy.autofxpro.com" into both provider and receiver's MT4 terminal.
  • Install the copier to one of any chart (but no more than one) of Provider's MT4 terminal and choose the role as "Provider", then click Enable button.
  • Click to "Receiver List" button to add remote receiver account number into the list. Only remote receiver in this list can copy provider's signal.
  • You can set expiry for each receiver. Please note that expiry must be in format "yyyy.mm.dd". For example: "2016.08.31". If you don't want to set expiry to a receiver, just set it as 0.
  • Install receiver EA to one of any chart of Receiver's MT4 terminal.
  • Click to "Provider List"button to add provider account number into the list. Then, click Enable button.


Screenshots

      

   

 


Settings and Parameters

  • Special symbols setting (Menu): Config up to 5 special pair symbols synchronization. Currency symbols will be auto recognized, but some special symbol pairs are different between brokers and may need to be setup manually, such as: US500--> USA500, DE30--> GER30, etc.,..
  • Settings (Menu): Configure some settings, such as font size, options to send signal notification to email, mobile and telegram.
  • Reset to default settings (Menu): Reset all the settings back to manufacture settings.
  • Choose your role: Choose your role for the current account. It can be either Provider (copy source) or Receiver (copy destination).
  • Provider List (for receiver only): Add the account number of the provider that you want to copy trades from.
  • Hidden mode (for provider only): Provider can hide his Stoploss/Takeprofit info as well as order modification from receivers in order to keep his strategy secret. Only entry and exit will be copied and results are still the same, but this mode may be a bit risky for receivers if the connection is lost and the orders are not protected.
  • Max. slippage (for receiver only): Maximum accepted slippage to copy trades. Price might be different between brokers, so if the current price of the receiver’s account exceed max. slippage distance compared to entry price of provider’s account, the trade will not be copied. This is useful to prevent unwanted slippage of copied trades, specially during high volatility (news releases). You can even set Max. slippage as 0 or negative to copy equal or better price than provider’s entry. For example: If receiver set Max. slippage to 50 points and provider open a Buy at price 1.20000, then receiver will only copy that trade when the current price is equal or lower than 1.20050. If the current price is higher than that, it will wait until the price go back to equal or lower than 1.20050 to copy that trade.
  • Only Copy Within (for receiver only): The maximum waiting time for receiver to copy a trade since the original trade is opened at provider account. For example: Receiver set “Only Copy Within” to 30 seconds and provider open a trade at the time of 15:00:00 while the receiver is not connected to provider for some reason. Then, if the receiver is connected to provider at the time of 15:00:31, it will not copy that trade anymore.
  • Set lotsize by: Choose how the trade volume on receiver's account will be set. There are 5 options:
    • Provider risk scaling: Receiver's lotsize will be set so that it scale by a scale factor with the provider's risk. This is recommended option because it make receiver's account has the same growth/risk rate as provider's. Example: Provider trades 0.5 lot with balance 1000$ --> Receiver with balance 2000$ and scale factor 1 will trade 1.0 lot. Receiver with balance 2000$ and scale factor 2 will trade 2.0 lot. This is recommended option because it make receiver’s account has the same growth/risk rate as provider’s.
    • Multiply with provider's lotsize: Lotsize will be multiply by a factor with Provider’s lotsize. Only use this option if you know the lotsize setting manner of the provider, otherwise you may suffer whipsaw by over lotsize. Example: If multiply factor is set as 2 and provider open 1 lot, then receiver will open 2 lot. If multiply factor is set as 1, then receiver will always open the same lot as provider.
    • Ratio with receiver's balance: Lotsize will be scaled with receiver’s balance. Example: Lotsize is 1 lot if balance is 1000$, then lotsize will be 1.5 lot when balance is 1500$.
    • Fixed lotsize: Every trades on receiver's account will be set with a fixed lotsize regardless of provider's lotsize or receiver's balance.
    • Custom risk percentage: Enter a specify risk percentage for each trade if stoploss occur. Example: A trade with 20pip stoploss is copied, receiver’s lotsize will be set so that if stoploss occur receiver will lose 5% of balance. This regime is only applied for trades with predefined stoploss; with no-stoploss trade, it will not be copied until the stoploss is added.
  • Max. lotsize: Maximum allowed lotsize to open trade. This will prevent your account from open unanticipated over lotsize that may lead to unwanted drawdown.
  • Max Equity DD % (for receiver only): Select the scenario when a specified percentage of drawdown reached.
    • Close All Trades: Close all opening trades and delete all pending orders.
    • Stop Copy: Stop copying new trades, but still keep following the opening trades.
    • Close & Stop Copy: Close all opening trades and delete all pending orders. Also, stop copying new trades, but still keep following the opening trades.
    • Close Win Trades: Close all winning trades.
    • Close Lose Trades: Close all losing trades.
  • Copy Filter (for receiver only): Select which parameter of the orders will be copied.
    • Entry: New orders will not be copied.
    • SL: Copy every StopLoss changes from provider.
    • TP: Copy every TakeProfit changes from provider.
    • Exit point: Receiver will close the orders folllow the provider. Otherwise, it will not follow exit and receiver have to exit on its own manually.
  • Order filter: Select which types of orders will be copied. Some filters are for both provider and receiver, but provider's choice is priority. There are multi-options:
    • Buy orders: Buy orders will be copied.
    • Sell orders: Sell orders will be copied.
    • Pending orders: Pending orders will be copied.
    • With comment (for provider only): Orders with specified comment will be copied. Multiple comments can be put into quotes mark. E.g: "Comment 1", "Comment 2", Comment 3".
    • W/o comment (for provider only): Orders without specified comment will be copied. Multiple comments can be put into quotes mark. E.g: "Comment 1", "Comment 2", Comment 3".
    • With magic # (for provider only): Orders with specified magic number will be copied. Multiple magic numbers can be separated by comma (,) or semicolon (;). E.g: 123, 234, 567.
    • W/o magic # (for provider only): Orders without specified magic number will be copied. Multiple magic numbers can be separated by comma (,) or semicolon (;). E.g: 123, 234, 567.
    • Custom pair: Only trade of custom pair will be copied (combine with order types above). Multiple pairs can be separated by comma (,) or semicolon (;). E.g: EURUSD; GBPUSD; USDJPY. In order to exclude the custom pairs, put exclamation (!) in front of the pairs. E.g: !EURUSD; !GBPUSD; !USDJPY.
    • Inverted copy: All filtered trades will be inverted when come to/from receiver/provider: Buy<-->Sell, BuyLimit<-->SellStop, BuyStop<-->SellLimit, Stoploss<-->Takeprofit.
  • Copied Order Comment: Setting how the comment will be shown in copied orders at receiver's side
    • Default: Copied orders will have comment in format “Copied from #[provider account number]”.
    • None: Copied orders will have no comment.
    • Same: Copied orders will have the same comment as provider's orders.
    • Custom: Set a specific comment for copied orders.
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