Trading with Forex Trade Copier 3: Selectively Copy Winning/Losing Trades
Forex Trade Copier 3 is an app that enables you to copy profitable and losing trades from one trading account to another. The application was created for traders who wish to trade on multiple accounts but are unable to do so manually due to time constraints. With Forex Copier 3, traders can copy all trades from master accounts to multiple slave accounts automatically.
One of the key features of Forex Trade Copier 3 is the ability to copy only profitable or losing trades. It means you can choose only to copy trades that have made a profit or trades that have lost money. This feature is useful for traders who want to reduce their risk or focus on a particular trading strategy.
For example, if you have a master account that consistently makes profitable trades, you can copy only those trades to your slave accounts. It will help you to build your trading portfolio and increase your chances of making a profit.
On the other hand, if you have a master account that consistently loses money, you can copy only the losing trades to your slave accounts, to avoid the negative impact on your overall trading performance.
To set up "Copy only losing orders" in Forex Trade Copier 3, launch the app, click “Settings” on the Source account, go to the “Filtering orders” tab, and check “Copy only orders which are at least…pips in a loss.” Set the necessary value and select “loss”. Click “Save and Finish” then “Apply Scheme” to apply changes.
In the opposite case, to keep losing trades open, activate the “Wait For Close Price” option in the “Price adjustments” tab in the Receiver account settings. In the “Price adjustments for closing orders” tab, activate “Close when order’s profit is at least…pips.” Set the necessary value, and click “Save and Finish” and “Apply Scheme” to apply the changes.
Forex Trade Copier 3 also offers many customization options, allowing you to tailor the app to your specific needs. You can choose which trades to copy, set stop loss and take profit levels, and adjust the lot size for copying trades. This means that you have complete control over your trading accounts, and can adapt your trading strategy to suit your goals and risk tolerance.
The ability to copy only profitable or losing trades is a unique feature that sets this app apart from other forex copiers. With its customizable options and user-friendly interface, Forex Copier 3 is a great choice for traders who want to optimize their trading performance and increase their profits.