Different time zones
Can transfer trades between MT4 terminals which are working in different time zones.
Forex Copier can stop copying OPEN orders if Source account’s equity reaches some level.
Also our program can stop copying OPEN orders when drawdown percent reaches defined level.
"Try again" function
If the order cannot be opened or closed on Receiver account due to some reason (for example if you lose connection with Internet or with MT server) then Copier will try to execute this order defined number of times so you will not miss the trade.
If MT terminal was not able to execute Close task due to some reason then Copier will try again and again to make sure that the order is closed on Receiver account side.
Any MT4 broker support
Our Software was tested with ITCFX, FXCM, FOREX.COM, XM, FxNet, FxPro, HY Markets, RoboForex, Hirose UK, ThinkForex, ForexBrokerInc, FBS, MIG, FXOpen, DF Markets, FX Choice, FXSOL, IBFX, Alpari, Oanda, MB Trading, MaxiFX, AVAFX, FXDD and other brokers.
DD/NDD/ECN/STP (Forex Copier works correctly with all these dealing types).
On February 3rd, 2014 most of MT4 terminals was updated to a 600 build. Thanks to our programmers we published new version of the programs, which is compatible with 600+ build
Any account type
Demo/Live accounts (Our software copies orders between Demo and Live accounts without any problems).
Copier can transfer trades between accounts with different base currency.
Supports all types of orders
Open, Modify, Close market orders
Open, Modify, Delete pending orders
Instant Execution/Market Execution (When you copy order with SL/TP to the account where only Market Execution is allowed, Forex Copier will open order without SL/TP and then immediately set SL/TP).
Partial Close (Forex Copier closes on Receiver account the same part of order as was closed on Source account).
Close By (If you close order at the expense of opposite order, Forex Copier will successfully copy this type of closing order).
Copy only Profitable/Losing trades
This exclusive feature allows copying trades, which reached certain predefined profit/loss level in pips.
Orders which are in profit on master account will be copied
Orders which have negative profit in master account will be ignored
Min/max lot size, max lot sum, number of orders (per symbol), copy only defined types of orders, Price difference, expiration minutes restrictions
With help of these options you can set the range of allowed lot sizes for original orders. So the orders which have smaller or bigger lot size will not be copied.
You can limit the number of copied orders (limit for copying all orders or per one currency pair).
You can disable copying of some types of orders. This feature will be very useful if you, for example, want to copy BUY orders and don’t want to copy Sell orders.
Price difference feature allows customer to define maximal price difference between original order and copied order.
You can forbid the copying of old orders (which were opened more than defined time ago).
By currency pairs, by comments
With help of currency filter you can copy trades only for specific currency pairs. Orders with other currency pairs will not be copied.
With help of comments filter you can copy trades only with specific comments on source terminals. Orders with other comments will not be copied.
Wait For Better Price
If WaitForOpenPrice feature is enabled then Forex Copier will wait for satisfying price before opening order on receiver account.
With help of "Borders" settings you can set the range where copied orders can be opened. So you can set borders which will allow opening copied orders even with better price than the original orders. Please see more information about borders on our Help Page
For example, if you set
"WaitForOpenPrice = true",
then Forex Copier will try to open BUY and SELL orders at the same price or even at 2 pips better price than the price of original order.
Adjusting Symbol Name
We have feature which allows adjusting symbol names automatically if they have different names (very useful if you use terminals of different brokers). Also you can adjust symbol names manually by removing prefixes/suffixes on Source account or adding prefixes/suffixes on Receiver account.For example:
EURUSD ↔ EURUSDFx, USDJPYa ↔ USDJPYFXF, etc...
Custom Lot/Risk Management
Allows customer to choose the method of lot calculation for copied orders.
Lot size of copied order will be multiplied by entered value.
For example, if you set LotMultiplier = 2 and open an order with lot size = 2 on the source account then this order will be copied to receiver account with lot size = 4.
All orders will be copied with determined lot size.
For example, if you set FixedLot=3 then all orders will be copied to receiver account with lot size = 3.
Auto adjust Lot Size
With this option Forex Copier will automatically calculate lot size based on Source and Receiver Account Balance (or Equity).
For example, if you have balance on source account = 10000, balance on receiver account = 1000 and you open an order with lot size = 2 on source account then this order will be copied to the receiver account with lot size = 0.2.
Forex Copier will calculate lot size in the way that each order will risk no more than selected % of your account size. Note, that original order should have Stop Loss level.
For example, if you have balance on source account = 1000, RiskPercentage=5 (in case you want to risk no more than 5% of equity) and you open an order with Stop Loss = 20 pips on source account then this order will be copied to receiver account with lot size = 2.5. So if the copied order reaches 20 pips Stop Loss you will lose 5% of your equity.
Stop Loss / Take Profit settings
You can use these features to:
Ignore original order’s SL and TP.
Set custom SL and TP for orders which are opened on Receiver account.
Move SL and TP of copied order according to the difference between prices of initial and copied orders.
"Copying history" allows you to see the quantity and the quality of the previous copied trades. You can see from where the order has come and analyze whether the setups you have managed are working good enough.
“Current orders” for a visual understanding and tracking your copied trades. Also now it is easy to group your trades by the account name, by the current market price, symbol, stop loss, take profit, lot, time and many other criteria.
If you enable this feature then Forex Copier will open opposite orders on Receiver account. SL and TP can be also reversed for copied opposite orders.
BUY order will be copied as SELL
SELL order will be copied as BUY
SELL Stop order will be copied as BUY Limit
SELL Limit order will be copied as BUY Stop
BUY Stop order will be copied as SELL Limit
BUY Limit order will be copied as SELL Stop
You can copy reversed trades from some losing account (or losing EA). In this case your account will grow.For example:
- “Bad trader” (for example, some newbie or some “lossy EA”) is opening a BUY order.
- Copier takes a signal and converts it to the opposite type of order (BUY -> SELL), so you receive SELL order
- The price is falling so original BUY order is in loss and the bad trader starts to panic. At the same time, the SELL order in your account is in Profit.
- “Bad trader” closes the order. Unfortunately, he lost some money.
- You make profit
Has it ever happened to you that something went wrong with Forex Copier? This is much less likely to happen again! Now the software can find and fix problems by itself. All you need is to use the Fix button. Sometimes manual confirmation will be required: 1 click and you are ready to go!
What problems can be fixed?
Copying problems (problems with connection, account balance, invalid order type, missing orders, etc.)
Problems with the terminal (terminal is closed, the Copier’s Expert Advisor is disabled or removed, Expert Advisor is not updated)
This feature helps users to calculate the order volume by taking into account different values of leverage in the Provider’s and Receiver’s terminals.
For example, the provider’s leverage value is 1:100, and the receiver’s leverage is 1:10. In this case, when an order opens, its volume in the Receiver’s terminal will be 10 times smaller, respectively.
Expiration Date & Allow Access
These two functions will ease the process of managing the Receiver’s account:
The Expiration Date function allows setting the date when the Receiver’s access to the signals will be expired.
With the Allow Access function, it is possible to temporarily disable the Receiver’s access to signals without removing the connection.
We have optimized the software, and now it works faster, making your experience smoother.
Possibility to make comments empty
If you need the orders in the Receiver’s terminal to open with empty comments, you can enable such setting in 1 click! It can be useful if you work with Expert Advisors that track orders by comments.
The previous version of Forex Copier allowed copying orders only between MT4 terminals. Now it is possible to use both MT4 and MT5 terminals for duplicating trades.
Moreover, you can copy orders in every possible variation: from MT4 to MT4 or MT5 terminal, and vice versa.
Filtering orders by type
Now you have the ability to select a type of the orders you want to copy. You can choose from such order types as:
Filter by Time setting
The Filter by Time setting enables copying orders only during a specified period of time (on weekdays, on Tuesdays, in the first week of the month, during a particular month, and so on).
You also can choose from the built-in templates (for example, the New York session).
Filtering orders by comments with wildcards
Earlier, when you filtered orders by comments, you needed to indicate the exact text of the comment as it was written initially to find the order you need. Now you can enter only some part of the comment – the appropriate orders will be found immediately.
Selecting the pip size for specific symbol pairs
If you trade currency pairs with a large point size, you can set your own pip size for it. This will allow you to handle the copying settings correctly (in order to calculate the exact price difference between the provider and the receiver).
Different lot multipliers for different currencies
Earlier, when you set a lot multiplier, it was applied to all of the copied trades. Now it is possible to apply different lot multipliers to each currency pair.
For example, you can open orders for EURUSD with trade volume that is two times bigger than on the Source account, and for the USDJPY pair, five times bigger. It allows providers to control profits on the Receivers’ accounts with even greater flexibility.
Splitting an order into several ones
If the volume of the order that should be opened exceeds the maximum allowable one, this order will be divided into several orders, the total volume of which will be equal to the original volume size.
Setting the maximum lot size
With the MaximumLotSize option, you can set the maximum allowable volume of an order when it opens and, as a result, protect yourself from serious losses.
Closing orders without Stop Loss after a certain time
Now you can set the time when all accepted orders without Stop Loss will be closed. This will help you to avoid unexpected copying errors and loss of capital.
Information about copying is now available on the chart
Users of Forex Copier 3 can find the following information on the chart: the number of copied orders, their profit, leverage, spread, etc.
Besides, you can change the copying settings right from the chart.
Possibility to run all terminals
No matter how many terminals you use in Forex Copier – now it is enough to press one button to run them all!
Copying settings can be saved as templates
When adding terminals with similar settings, you no longer need to set all these settings separately for each terminal. Save the appropriate settings as a template and apply it whenever you need.
Possibility to open copying settings from the terminal
By pressing a button on the chart, you can open and edit the copying settings that will be applied while copying orders to this/from this terminal.
Provider’s name on the chart
Now, on the Receiver’s chart, you can see where the signals are copied from (in other words, which provider this receiver is attached to).
The program will inform you about the release of the new version with improvements and fixes and will offer to install it quickly.
Import of copying schemes from Forex Copier 2
Don’t waste your time on creating the same copying scheme in the new program version. Simply import your copying scheme from Forex Copier 2 to Forex Copier 3 and continue working. All copying settings will be saved!
Improved user experience
Now the program is even more user-friendly than it used to be, thanks to a large number of minor improvements that were added to the new version.
One of such minor improvements is that icons of the brokers are now displayed on the copying scheme which allows you to recognize a specific terminal at a glance if you work with several brokers.