Auto Trade Copier is an expert advisor that can be found on the utility section of the MQL5 marketplace. There are a lot of trade copying expert advisors on the market, so we have linked to the exact one that we are looking at below. The expert advisor was first released on the 17th of June 2014, it has been updated a few times and the most recent update was on the 13th of AMrch 2020 and is now at version 5.69.
The Auto Trade Copier is an expert advisor for MetaTrader 4, it is designed to copy trades between multiple MT4 and MT5 accounts with a 100% accuracy rate. You can act as both a sender or receiver by using this single expert advisor.
The main list of features:
- Copy between MT4 and MT5 accounts.
- Switch between Provider or Receiver role within one tool.
- One provider can copy trades to multi-receiver’s accounts.
- One receiver can copy trades from multi-provider’s accounts.
- An account can copy to itself as a way to enlarge lot size. This is useful to modify copied lot size from the MQL5 signal.
- Copy SL/TP modifications, not only Entry and Exit, so it’s more secure for a receiver in the case the connection is lost or terminal is down.
- The receiver’s account can still trade manually or use other EAs without any conflict.
- Auto recognizes and synchronizes symbol suffix between brokers.
- Allows up to 5 special symbols setup (i.e.: GOLD –> XAUUSD, etc.,).
- Multi lot size setting options.
- Drawdown protection to the receiver account.
- Allows filtering copy Entry, SL, TP, and Exit point.
- Allows filtering which type of orders will be copied.
- Allows inverted copying.
- And more
There are also a lot of settings and parameters available to help alter the functionalities of the utility. Some of these include special symbols, the ability to change font sizes, to choose to be a sender or receiver, to set lot sizes by scaling, multiplier and others, maximum lot sizes, copy filter options, order filters, copy comments, and more.
The expert advisor will cost you $79 to purchase outright, you are also able to rent it on a monthly basis and will set you back $39 per month. There is also a free demo version available, this version only allows you to set the volume as fixed minimal lot sizes.
There are 65 reviews available, these reviews have given the expert advisor a 5 out of 5 rating.
“The best trade copier available in the market with great support. Highly recommended!” – A 5-star review.
“Thanks, Kevin for this excellent copier. it works exactly it should be. All I ask for is stability. Keep up the good work Kevin. Highly recommended seller” – A 5-star review.
“This copier cannot set SL and TP at slave side. It can only copy master’s SL & TP. Before I purchase I asked seller if I can set SL and TP at slave side and he replied “yes”. After I purchased and asked him again, he changed his answer and said “The normal version of my trade copier doesn’t have features to set custom SL and TP for the receiver. But if you want, I can make a custom version with that feature for you.”. He never tells me about the version when I asked him before I purchase. Wasting my money.” – A 1-star review.
So while the majority of reviews are very positive, there are some negative ones out there, as always, we would recommend that you download the free demo version just to make sure that it works how you need it to and that you are able to get it set up correctly prior to making a purchase.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/4676