FxConnect Basic Master
FX Connect Master is part of FX Connect suite of software to replicate Forex accounts with MetaTrader platform.
FX Connect Master is an Expert Advisor for master account.
FX Connect Master copies new trades and changes to slaves accounts. Slave accounts have to use FX Connect Slave EA.
The basic version of the software copies trades with a speed of 1 to 15 seconds.
The software manages different types of orders:
- BUY / SELL orders
- BUY STOP / SELL STOP
- BUY LIMIT / SELL LIMIT
Inputs of the EA are:
- Use Backup mode (True/False): to active copy of trades
- CopyNewTrades (True/False): if set to False, software will only copy changes of existing trades. New trades will be ignored.
- LotMultiplier: multiplier for lots to use between master real account and master reference account*
- ServerZone: GMT time zone of the MetaTrader broker server
*The master reference account is the official published account for the master account.
For instance the master trader can trade in his real account a 0.1 lot size trade and publish a lot size of 1.0 in the master reference account using a 10.0 lot multiplier. Slave accounts can also use a lot multiplier to adapt lot size to the capital they have in their accounts.
Installation of software is very fast. It can be done in a few seconds. You just have to put the EA in one of the charts of your MetaTrader platform and you are ready to start a new business as a Forex signal provider. Once the EA is active in your MetaTrader platform it will generate a provider key that you will have to share with slaves accounts.
You just have to share this provider key. There is no need to create any account. Neither for the master account nor for the slave accounts.