MetaTrader CopyTool Forex Software Conception

CopyTool is MetaTrader4 oriented forex software that makes it possible to copy trade operations between different MetaTrader4 terminals synchronous. This forex software is developed for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors' accounts and for traders working with many accounts simultaneously.

CopyTool Forex Software successfully combines great functionalities that allow effective trading with many accounts and with exceptional usability. The maximum amount of active terminals is not limited. This amount depends only on hardware resources of your computer. Installation and usage is very simple. To copy signals you need to know the trade password for slave account and only investor password for master account.

What's new in the last CopyTool Pro version?

MetaTrader AutoOptimizer Forex Software Conception

AutoOptimizer is MetaTrader4 oriented forex software that makes it possible to optimize expert advisor or several expert advisors simultaneously in fully automated mode.

Many experienced traders know that expert advisors require re-optimization of the parameters from time to time. Even if the expert advisor shows a profit on the back test during a long period of history, it's work can be improved by optimizing the parameters of a small range of deviations from the previously selected parameters over short time intervals. For example, many traders use moving averages (MA), always pick the parameters of fast and slow MA and StopLoss and TakeProfit, which enables more accurate to enter the market and find the exit point. Re-optimization problem is also very relevant for forex scalping systems. We have developed AutoOptimizer Tool to automate the process of optimization and re-optimization. You just need to select expert adviser(s), which you want to optimize, set start/step/stop values. Also you must specify month, day and time when the program will start the process of optimization (for example, every Saturday at 8 am), choose the best parameters of optimization and save them to .set file. Then the expert adviser(s) will trade with new parameters. This process is fully automated and requires no intervention by the trader. In fact, you get expert adviser, adapting to market conditions. AutoOptimizer will help you to use your expert advisors more effectively.

Red bars - Bid Volumes
Blue bars - Ask Volumes
Yellow line - Diff, Diff = Bid Volume-Ask Volume
White line-Overbought/Oversold Indicator based on real volumes. Overbought/Oversold Indicator is a momentum technical indicator that relates volume to price change. The basic assumption, regarding Overbought/Oversold Indicator analysis, is that Overbought/Oversold Indicator changes precede price changes. The theory is that smart money can be seen flowing into the security by a rising Overbought/Oversold Indicator. When the public then moves into the security, both the security and the Overbought/Oversold Indicator will surge ahead. Calculation Overbought/Oversold (i) = Overbought/Oversold (i-1)+VOLUMEBid(i)-VolumeAsk(i)

Learn more about ECN Volumes Forex Software on our blog

MBTrading bridge allows you to copy trade signals from Metatrader account to MBTrading Navigator (ECN Broker). You can install any of your expert advisors to Metatrader 4 platform (demo or real) and copy all signals from metatrader to MBTrading Navigator. You can use direct requests from your Expert Advisors to MBTrading Navigator.

DDETool makes it possible import any data in real time from Metatrader 4 to third-pary software (supported DDE protocol). For example, we can import quotations (or indicator's value) from MetaTrader to MS Excel for real time analysis.

Dynamic Data Exchange (DDE) is a technology for communication between multiple applications under Microsoft Windows or OS/2.Contents

Overview

Dynamic Data Exchange was first introduced in 1987 with the release of Windows 2.0. It used the "Windows Messaging Layer" functionality within Windows. This is the same system used by the "copy and paste" functionality. Therefore, DDE continues to work even in modern versions of Windows. Newer technology has been developed that has, to some extent, overshadowed DDE (e.g. OLE, COM, and OLE Automation), however, it is still used in several places inside Windows, e.g. for Shell file associations.

The primary function of DDE is to allow Windows applications to share data. For example, a cell in Microsoft Excel could be linked to a value in another application and when the value changed, it would be automatically updated in the Excel spreadsheet. The data communication was established by a simple, three-segment model. Each program was known to DDE by its "application" name. Each application could further organize information by groups known as "topic" and each topic could serve up individual pieces of data as an "item". For example, if a user wanted to pull a value from Microsoft Excel which was contained in a spreadsheet called "Book1.xls" in the cell in the first row and first column, the application would be "Excel", the topic "Book1.xls" and the item "r1c1".

Note: In DDE, the application, topic and item are not case-sensitive.

A common use of DDE was for custom-developed applications to control off-the-shelf software. For example, a custom in-house application might use DDE to open a Microsoft Excel spreadsheet and fill it with data, by opening a DDE conversation with Excel and sending it DDE commands. Today, however, one could also use the Excel object model with OLE Automation (part of COM). While newer technologies like COM offer features DDE doesn't have, there are also issues with regard to configuration that can make COM more difficult to use than DDE. wikipedia org

Unpredictable movements of the market are possible at the moment of appearance of economic news. In order to prevent loss many traders stop operation of the expert advisor and close all orders some hours before appearance of important economic news; then they start the expert advisor after the market "has worked off" the news. We have developed newsTool which will help you to automate this and many other processes, connected with appearance of news. NewsTool loads a calendar of economic events from two web-sites: forexfactory and dailyfx. You can look through the calendar in a separate window of newsTool and choose news according to the currency or date of appearance.

The same window also allows you to choose news, which, in your opinion, can affect the work of your advisor, and to set time up to news and time after news. At the same time a script in metatrader can execute any action or several actions set by you:
-remove all open orders CloseOrders = true/false;
-remove all pending orders DeleteOrders = true/false;
-close the chart on which the advisor works CloseCharts = true/false;
-close metatrader  CloseTerminal = true/false;
-and open metatrader at preset time StartTerminal = true/false.

You can also set execution of these actions at appearance of news, which have mark "important" or "average importance", etc. (news have three priority degrees). The synthesizer of speech is built in the tool; at extra cost we can adjust voice readings of news.
On the basis of the given tool you can automate any trading strategy, based on news. For additional payment we can adjust the tool to your strategy. Also testing of strategy on historical data is possible, as there are archives of the economic calendar.