Tag: Forex Trade Copier

The Copier MT4 is a utility that allows traders to copy trades across multiple trading accounts. It was developed by Andrey Barinov and published to the mql5 marketplace in July of 2019. Version 1.12 was released in February of 2020.

Overview

This copier is one of many that is built to be compatible with MetaTrader 4, the most popular trading platform on the market. It was designed with a user-friendly interface and comes with multiple built-in features, including low CPU usage mode, manual and automatic signals mapping, reverse copying, and correct processing of partial closures. There are also some settings that allow traders to limit the maximum number of trades to be placed on their account or to copy only if the account equity/margin is above a certain level.

Users can also add multipliers, make the copied trades proportionate to their account balance, close trades manually on slave accounts, etc. Overall, the copier includes several useful settings that allow users to take more control of their accounts. This review focuses on the MT4 version, but those that find MT5 preferable will find a version created from the same author.

Service Cost

Traders are limited to buying the software for $49 USD, with no option to rent for a month or so. The developer does include a free demo account that can be used to test it, but keep in mind that the product cannot be tested in the strategy tester. The purchased copier comes with 7 activations.

Conclusion

The Copier MT4 was created by an experienced developer and includes multiple settings that allow users to customize which trades are copied onto slave accounts with more control. The indicator has received a 5-star rating from verified users, many of whom have confirmed that it works effectively. We’ve included a few examples below:

“There are a few products with quicker execution out there, but you will need to pay a lot more for something like that. In conclusion: great product for a fair price.” -Jonas

“The interface is clean, uncluttered and intuitive to use.” –zentrader

“Great product and very skilled developer.” -linkandpia

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/15853

The Auto Trade Copier for MetaTrader 5 is a piece of software that can be found on the MQL5 market, it is designed to copy trades between multiple trading terminals. The current version of the software is version 5.74 which was last updated on the 14th of March 2020 (this may have changed by the time you are reading this review).

Overview

The Auto Trade Copier for MT5 is designed to allow you to copy different rates between multiple different MetaTrader 5 and MetaTrader 4 accounts or terminals.

There is a whole host of features available in this piece of software including:

• Copy between MT4 and MT5 accounts.
• Switch between Provider or Receiver role within one tool.
• One provider can copy trades to multiple receiver accounts.
• One receiver can copy trades from multiple provider accounts.
• The receiver’s account can still trade manually or use other EAs without any conflict.
• Auto recognizes and synchronizes symbol suffix between brokers.
• Multi lot size setting options.
• Allows filtering copy either SL or TP or exit point.
• Allows filtering which type of orders will be copied.
• Allows inverted copying.
• Drawdown protection.

Each account can act as both Provider and Receiver, so accounts can copy to each other in 2 ways transmission. This is like a trade sharing network. 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. There is also a wide range of settings and parameters that can be changed, some of them include the ability to choose a role (receiver/sender), set lot sizes, set max lot size, choose to send buys/sell orders, filter entry levels, and more.

Service Cost

The current price to purchase this software is $79, you are also able to rent it on a monthly basis which will cost you $39 per month. There is also a free demo version available to test, however, there are some limitations such as the receiver only being able to use the minimum lot sizes.

Conclusion

There are currently 8 different reviews available on this product, there are 5 reviews that are 5-star and 3 reviews that are all 1-star, so a mix of working and not working.

“Fantastic Copier, great work VU Trung Kien. From the different copiers, this one is the best, fully customizable, and more. Thank you!!!!” – 5-star review.

“The robot is raw, the robot does not copy the transaction in the market.” – 1-star review, translated from Russian.

So as you can see, there is a range of opinions on the software, so we would recommend using the free demo version before purchasing anything, just to make sure that it has the features you require and also you are able to get it functioning properly.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/4920

FXA Trade Copier Pro is a trade copier that was developed by FX AutoTrader. The utility was published on the 6th of July in 2017 and was last updated to version 1.2 to fix some bugs back in 2017.

Overview

This copier works within the MT4 terminal and allows users to copy trades from one terminal to several others running on the same PC or VPS. The copier works in 0.5 seconds or less and doesn’t impose limits on the number of terminals it is being copied to, including both server or client terminals. Lots can be copied as they are, or changed over on the other terminals. The developer describes a quick and easy setup process that only requires some input before one can get started using the copier. There are also some helpful setup instructions included in the product’s description and a video tutorial is supposedly coming soon, but there’s no telling whether this is true with the product being released for nearly 3 years now.

Service Cost

This copier is priced at $30 USD and it can only be bought outright with 5 activations. Many others offer at least one option for renting that is typically around half the price or so of buying, but there are no options to rent FX Trade Copier Pro. On the bright side, the price is relatively low and a demo version is available should one want to test it before making the investment.

Conclusion

FX Trade Copier Pro is a simple copier with a few settings that allow users to copy their trades from one MT4 terminal over to many others on the same PC or virtual private server. It works quickly to ensure that there are no price gaps and offers easy setup instructions. However, it has only received one comment and one troubling user review. Take a look at that review below.

“Would have given this 0 stars if I could. I was not able to get the copier to work and I have tried to get in touch with the author but he won’t reply to any of my messages.” -Stephanos

The only user that left a comment was asking the developer a question more than a year ago and he never even received a response. Traders will need to consider the unfavorable reviews and the lack of ability to rent the copier before deciding whether to make an investment.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/23872

KopirMT4 Copy trades for MT4 is an expert advisor that can be found on the MQL5 marketplace, there are a number of similar names expert advisors so we have provided a link below so you know exactly which expert advisor we are referring to. The expert advisor was first realized on the 23rd of September 2014, it has been updated a number of times, the most recent update was on the 15th of March 2020 and is now at version 5.25.

Overview

The KopirMT4 Copy Trades is an expert advisor created to be used with the MetaTrader 4 trading platform, it is designed to copy trades from MT4 to MT4, MT4 to MT5 Hedge and from MT5 Hedge to MT4. In order for it to function properly, you will need to have two copies, one as a sender and one as a receiver.

There is a long list of features for this expert advisor, some of them are below:

-The copier has a high speed and is not dependent on ticks. Copy speed – less than 0.5 sec.
-Transactions are copied with high accuracy, the scalper mode allows you to copy only at the best price.
-Able to increase transaction volumes from Signals
-It does not lose position when a connection is lost or the terminal is restarted.
-It does not load the processor and does not have a large load on the PC or VPS.
-The number of terminals (server \ client) is not limited.
-It does not use a DLL and does not transmit data to the Internet.
-It can work with other advisers (experts) and scripts.
-It works correctly with a partial closure, without losing the spread at reopening.
-Able to copy server trades when they are in plus or in the specified minus.
-It works correctly with cross rates, metals, CFDs, stocks, and futures, as well as instruments with prefixes (automatic detection of prefixes).
-Recognizes differences in the name of metals and supports copying on them (XAUUSD <-> GOLD, XAGUSD <-> SILVER and others,).
-And more.

There are also a few other options such as the mode (sender or receiver), list of server accounts, and lot size multipliers.

Service Cost

The expert advisor can not be purchased outright, instead, it needs to be rented, there are three different time frames available. You can rent it for one month which will cost you $10, you can rent it for six months for $17, and you can rent it for a one year period for $30. There is also a free version available, however, this will have some limitations as it is only able to copy one position for each currency pairing.

Conclusion

There are 87 different reviews available for this expert advisor, the overall rating is currently 4.5 out of 5 stars which his a very good score to have.

“It’s the easiest to use and full functions copy trade EA that I have ever bought and used.” – A 5-star review.

“As a private trader and manager of customer’s account, I rely heavily on this EA. Before using it, I had to manually enter the same trade several times (in several accounts). Now, I only configure the proper risk to each account and voalá!. Highly recommended.” – A 5-star review.

“This open random forex pair for random lot anytime. I loss 2000usd for 5min. Shit” – A 1-star review.

So as we can see, most people are very happy with it, but there are a few negative reviews around, we would highly recommend trying out the free version, just to make sure that is functioning correctly for you before renting it.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/4319

Transaction Repeater Full is a utility that can be found on the MQL5 marketplace under the utility section of the site. We have provided a link to it below. The expert advisor was uploaded by Alexandr Bryzgalov on the 19th of January 2015, it has had a large number of updates, the most recent update was on the 23rd of March 2020 and is currently at version 2.54.

Overview

The Transaction Repeater Full is an expert advisor that can be used with the MetaTrader 4 trading platform. The expert advisor can perform both direct and reverse copying from a master account.

To sum up the expert advisor simply, it will take the trades from one account (master) and copy them onto another account (slave), it can copy the same lots exactly or alter them to match the size of the slave account.

There are a bunch of parameters that could be changed to alter the way the expert advisor works, some of these include the mode, sleep time, prefixes, lot sizes, fixed lots, magic markets, slippage, to limit equity, and many more.

The developer will also help you set it up on your computer which is a nice service to have.

Service Cost

You are not able to purchase this expert advisor outright, instead, you are required to rent it, there are several options when it comes to this. You are able to rent it on a monthly basis which will cost you $10 per month, you are also able to rent it for three months which will cost you $13, for six months it will cost you $17.30, and for a one-year rental it will cost you $26.

There is also a free demo version available, this comes with some limitations, the main limitations is that any trades on the receiver account will be opened at a size of 1 lot. Even with these limitations, it is worth downloading and trying it out so you can be sure that it functions the way it is meant to.

Conclusion

There are currently 17 reviews at the time of writing this review giving the expert advisor an overall rating of 5 out of 5.

“Have been using the product for 2 months now. Everything is working fine, have one to one copy. I will soon move on many to one and see how that goes.” – A 5-star review.

“Simple and useful. Alexandr’s support is awesome. 10 Stars.” – A 5-star review.

“Excellent Product…Excellent Support will help with anything until it works, 100% Satisified.” – A 5-star review.

So the reviews are all very positive when we look at the comments section, there are over 300 comments, the developer has been replying to each one in a very prompt and helpful manner which shows that he is offering very good customer support, this is something that is valued when purchasing a utility like this. Even though everything is so positive, we would recommend downloading the free version, also send any queries that you have to the developer to ensure that the expert advisor would suit your current needs.

This FX Service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/7702

The Exp Copylot Client for MT4 is a piece of software that is available on the MQL5 marketplace and is designed to copy traded between clients. There are a few different utilities that do similar things, so we have provided the link so you can see exactly which one we are looking at. The current version of this software is version 20.225 and it was the last updated on the 25th February 2020 (at the time of writing this review).

Overview

The Exp Copylot Client for MT4 is designed to help copy trades from one account and terminal to another, this software is designed to copy trades between MT4 and MT4 account sand from MT5 accounts to MT4 accounts.

Some of the main features of this software:

• The unique copying algorithm exactly copies all trades from the master account to your client account.
• The product is also noted for its high operation speed Tough error handling.
  A powerful set of features.
• The program can be run on multiple terminal bindings.
• Use it as a synchronizer of your trades on various accounts trading on one account
• Copylot will copy your trades to other terminals
• Copy from the closed account opened on Invest password
• Copy from DEMO account to real account
• Copy from multiple terminals to one
• Copy from one terminal to several others
• Copy from any different brokers to any different brokers

There are a bunch of parameters that can also be altered such as lot sizes, how much to risk, whether you copy orders, take profit levels, stop losses, and more.

Service Cost

The software currently costs $55 to buy, you are also able to rent the software, you can rent it for one month which will cost you $10, or you can rent it for 3 months which will cost you $25. There is also a free demo version available, but we do not know what the limitation of this free version is, we would always suggest testing out the software before purchasing though.

Conclusion

There are 47 different reviews for this piece of software, they are all around the 5-star level which is a positive, however with nothing below 5-stars it can look a little suspicious.

“I have been using another copier (Auto trade copier) and thought it was the best but this copier far beats it more so when it comes to efficient use of PC resources and extra features. Copylot is a real workhorse, I’ve tested it in and out and I can now conclude that its the best on the market. This developer deserves all respect for his work. Thanks, Vladislav. God bless.” – User Comment

“Very good trade copier. Extremely versatile to suit any scenario you can think of. Equally important is the support from Vladi. He is very responsive and goes the extra mile to help when issues arise. Top-notch service, highly recommended” – User Comment

So the reviews seem positive and it appears that the software does what it is supposed to, as always though, we would recommend using the demo version before purchasing, just to make sure it works as intended and that it does what you need it to do.

This FX Service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/6226

The Advanced Trade Copier Reciever is a trade copying software that can be found on the MQL5 website, we have provided a link to it so you can see exactly which piece of software we are looking at. This software was first released back on the 16th of January 2016, there have not been any further updates so the software version is still 1.0

Overview

This is a tool designed for MetaTrader 4, it allows you to copy trades from a master account to the account that is using this piece of software. This only receives trades, it is not able to send them, you will need to also purchase the sender if you wish to send trades.

Some of the basic features of this software:

• Copy orders between accounts
• The accounts do not have to be on the same VPS
• Web-based copying features
• Account information on the chart

There are a number of additional settings and features available including options for magic numbers, dynamic lot sizes, custom lot sizes, maximum lot sizes, trader symbols, and account symbols.

Service Cost

It will cost you $25 in order to purchase this utility software, you can also rent it, to rest for 1 month it will cost you $10, for 3 months it will cost you $15, for 6 months it will cost you $20 and to rent the software for 1 year it will cost you $24. Ther eis also a free demo version available but the limitations of this demo are not known.

Conclusion

There is just one review available, the good news is that it is a 5-star review.

“The best trading copier! Thanks a lot to the developer! It made copying orders very easy!!!!”

There aren’t any other reviews available, so it seems that the person using it is enjoying it, we would always recommend that you download and try the free version, this was you can ensure that you are able to get it functioning properly and that it works the way that you need, before putting any money down on a purchase or rental.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/13498

The Fast Copy MT4 utility is designed to copy trades between account sand platforms, it is currently available on the MQL5 marketplace. To avoid confusion, we have included a link below in order to show exactly which piece of software we are looking at. The current version (at the time of writing) is version 3.13 and was last updated on the 24th of November 2019.

Overview

The Fast Copy MT4 utility is designed to copy trades between your accounts and different terminals, the software can copy from MT4 to MT4, MT4 to MT5, MT5 to MT4, and MT5 to MT5, although if you wish to copy to MT5 you will need to purchase an additional piece of software for that platform.

The main features of this trade copier are:

• One tool for sending and receiving transactions: [master] or [slave] operation              mode can be selected in the program
• One provider [master] can copy trades to multiple receivers [slave] accounts
• One receiver [slave] can copy trades from multiple providers [master] accounts
• Absolutely compatible between MetaTrader 4 ↔ MetaTrader 5 as well as Netting ↔        Hedge order/position accounting systems
• Copying SL and TP — optional. It is possible to set custom SL and TP levels for            trades opened by the program
• Copying Buy Limit, Sell Limit, Buy Stop and Sell Stop pending orders — optional
• Receiver’s account [slave] can still trade manually or use other EAs without any            conflict
• The ability to copy any characters in any combination. By default, the most suitable      pairs will be offered, then you can select any pair
• Ability to copy trades and orders depending on their Magic Number
• Restore all settings and status after the terminal closure
• Easy usage and friendly interface
• Execution speed

There is also a wide range of parameters that can be altered in order to change the functionality of the software. These include things like multipliers, balance ratio, whether to copy buys, sells, take profits, stop losses, and more.

Service Cost

You are able to purchase this piece of software for $55, you are also able to pay for it monthly which will cost you $12 per month. A free demo version is also available, however, we do not know what the limitations of this free version are.

Conclusion

There are 37 reviews on the site which an average rating of 4 ½ stars.

“Good product I have used both fastcopymt4 and mt5, and the author is very responsive. Great Job!” – a 5-star review.

“There must be a bug in the code as the EA has just opened 10 random trades for a major loss.” – a 1-star review.

“Fast copy speed, but partial close doesn’t work -&gt; partially closing the order from the master account will close the entire order on the slave and then open a new one with different price.” – a 4-star review.

So as you can see a mixed bag of reviews, but the majority are very positive, due to the mix in reviews they seem a lot more legitimate. However, when buying new software, we would always recommend downloading the demo version of the software, just to make sure that it does what it is meant to and that you are able to set it up correctly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/18932