Tandem trades

 

I have heard of a service where a trader has a stable of customers and each trade the trader makes is made in tandem on each customer's MT4 platform.

The size of the position is in the ratio of the trader's account and the customers' account balances.

How does this work technically speaking? The questions is not whether this can be profitable, which is up to the trader.

 
How does this work technically speaking?
Either you get the signals and place manual trades, or you put the signal provider's EA on your chart and it gets the signals and places the trades.
 
WHRoeder:
Either you get the signals and place manual trades, or you put the signal provider's EA on your chart and it gets the signals and places the trades.

Thank you, WHR

If the signal provider gives me an EA to put on my chart, how does the EA get the signals, calculate the position size, and place the trades?

This seems to me a very advanced piece of coding, using commands I have not seen in the manual.

I would be very interested in your further comments.

Regards, Helmut

 

how does the EA get the signals,

Opens a network connection to the signal provider via a DLL call (#import.)

calculate the position size, and place the trades?

Same as any EA (OrderSend)
Reason: