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MT5->MT5 Copier

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MT5->MT5 Copier
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Details

MT5 to MT5 Copier

Version 2.0 pro.

Limited Time Offer from BJF Trading Group inc.

Expires Dec 2, 2014

MT5 -> MT5 Copier duplicates orders from MT5 terminal(s) to MT5 terminal(s) running on the same computer. The communication is almost instant. The copying speed , and any slippage, will depend from the quality of your broker execution.

    • Only summary net position of each trade symbol is copied.
    • StopLoss and TakeProfit are not copied. Pending orders are not copied.

This means that the trade closes as soon as the trade on the master platform is simply closed, whether that is via sl/tp, or via manual close.

  • Traders can apply individual settings for different trade symbols.
  • It is possible to create black list of symbols to prevent the copy or white list of symbols to copy only symbols from the list.
  • Slave terminal resynchronizes the trades often so you should not open new trades manually on the slave side because the trades are not included in the total net position will be automatically closed by the copier.
  • CopyTool can ignore some symbols so you can trade it manually or by other experts simultaneous with active Copyer.

MT5 to MT5 Copier Terms

MT5 to MT5 Copier Master Terminal

Master terminal is the terminal the trades copied from.

MT5 to MT5 Copier Slave Terminal

Slave terminal is the terminal the trades copied to.

MT5 -> MT5 Copier supports 4 modes of operation

  • one master - one slave
  • one master - many slaves
  • many masters - one slave
  • many masters - many slaves

MT5 to MT5 Copier Version 2.0 - What's new

    • You can use Copier with x64 MT5 and with x32 MT5 as well
    • MultiTradeFx.exe no longer required
    • Works via Expert Advisors
    • New improved interface
    • Added "Trade Symbols Properties" dialog window. Call via hotkeys.

    • Added "Mapping Symbols" dialog window. Call via hotkeys.

Another advantage - you can map symbols by different way.

  • For example map EURUSD and GBPUSD. When master terminal will open EURUSD order, slave will open GBPUSD order.
  • Map EURUSD on master and 2 symbols on the slave: EURUSD buy, GBPUSD sell. And get double arbitrage.
  • Map EURUSD on master and 3 symbols on the slave: EURUSD, GBPUSD, EURGBP. And get a triangle arbitrage.
    • You can edit each symbol. Add it to BlackList or WhiteList
    • Added reverse module

MT5 and multiple expert advisors problem

With MT5-MT5 copier you can emulate the trade of several different expert advisors on the same account sumultaneous.

Why you cannot easy do the trading on MT5 by applying of expert advisors portfolio?

The reason is that MT5 merges all open trades to summary net position per trade symbol.

Assume EA1 opens Buy 0.5 EURUSD, EA2 opens Sell 0.5 EURUSD.

Oops! Summary net position per EURUSD is zero! So EA1 is mixed and EA2 is mixed.

To avoid that problem you would apply something like virtuals orders manager to enhance the logic of 2 EAs.

This solution is quite difficult.

MT5-MT5 copier already implements that logic to calculate and mantain summary net position from multiple accounts.

Example 1:

To emulate the trade of 3 different EAs on the same account and trade symbol you should do the following:

      • open master demo account 1, attach EA1 on EURUSD chart
      • open master demo account 2, attach EA2 on 2-nd EURUSD chart
      • open master demo account 3, attach EA3 on 3-rd EURUSD chart
      • open slave real account
      • run CopyTool MT5-MT5

Assume EA1 opens 0.5 Buy EURUSD, EA2 opens 0.3 Sell EURUSD, EA3 has no position.

In this case the slave has opened 0.2 Buy EURUSD position.

Example 2:

Assume you are going to trade an EA by applying it on different timeframes of the same trade symbol

In this case you can do the following:

  • open master demo account 1, attach EA on EURUSD chart, select TimeFrame1
  • open master demo account 2, attach EA on 2-nd EURUSD chart, select TimeFrame2
  • open master demo account 3, attach EA on 3-rd EURUSD chart, select TimeFrame3
  • open master demo account 4, attach EA on 4-th EURUSD chart, select TimeFrame4
  • open slave real account
  • run CopyTool MT5-MT5

In the both examples you can open extra master account for manual trades to copy that trades simultaneous to the slave.

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