The FX Blue Trade Copier effortlessly replicates trades across multiple installations of MT4 or MT5 on a single computer. Just employ the MT4 EA within MT4 and the MT5 EA within MT5. It is compatible with any broker. Trade duplication occurs almost instantly, subject only to your broker’s processing speed.
Numerous configurable options are available, offering the flexibility to adjust lot sizes, manage risk, reverse trade direction, specify which trades to replicate, and further enhance the copier by incorporating custom MQL code according to your preferences.
Programs & Pricing
The FX Blue Trade Copier is a freely accessible service. Both the MT4 and MT5 versions seamlessly interact with one another, allowing for bidirectional trade copying between the two platforms.
Personal Trade Copier for MT4
Personal Trade Copier for MT5
Features
FX Blue Trade Copier provides a wide range of highly valuable features crafted to enrich your trading journey. Let’s look into these features to understand how they can refine and elevate your trading strategies.
Supervise risk across a portfolio of accounts
By utilizing this service, you can effectively manage risk across multiple accounts simultaneously, as you have the capability to predefine the risk parameters for the client or slave accounts. Your portfolio could be divided as follows:
- Master Account – 2% risk per position
- Slave Account 1 – 4% risk per position
- Slave Account 2 – 1.5% risk per position
Having the option to specify the level of risk you wish to assume per trade on individual accounts provides a high degree of flexibility, enabling you to seize opportunities in higher-risk trading scenarios without jeopardizing your primary capital.
Execute trades across numerous trading accounts simultaneously
The trade copier seamlessly replicates your trades from a single trading account to numerous other accounts with ease. This functionality extends across various brokers, base currencies, and account sizes. Once set up, which usually only takes a few minutes, you can simultaneously manage trades across multiple accounts until you choose to deactivate the trade copier, making it completely passive and self-sufficient.
Manage multiple accounts within proprietary trading firms
The best feature is allowing traders to scale their prop firm funding by copying trades to multiple accounts at the same time. By using some of the Best Prop Firms, you’re able to take on huge amounts of trading capital relatively fast. Your trading portfolio could look something like this:
- Main account trading 2% risk with BlackBull Markets
- FundedNext Two-step Stellar Challenge $200k account size
- The Funded Trader Royal Challenge $50k account size
- Funding Pips Evaluation Program $100k account size
Diversify risk among different brokers
As a forex trader, it’s crucial to avoid overexposure to a single broker. While regulated brokers typically offer greater security against insolvency, offshore brokers pose a higher risk of sudden closure. Relying solely on one brokerage account can be extremely risky. However, utilizing a trade copier allows you to distribute your capital across multiple brokers. For instance, you could allocate funds to a primary account with BlackBull Markets, a slave account with Purple Trading, and another slave account with XM, thereby evenly spreading your risk.
Why Is Using a Trade Copier Beneficial for Forex Trading?
A trade copier is essentially a software tool employed to duplicate trades across numerous trading accounts. It stands out as the most convenient and effective method for simultaneously managing multiple trading accounts, allowing for the execution of identical trades across various trading platforms.
What are the benefits of using a Trade Copier?
- You can connect numerous trading accounts of different Brokers.
- You can connect numerous Proprietary Trading Firm trading accounts.
- You can manage and customize risk between numerous trading accounts.
As stated above, incorporating a Trade Copier into your trading activity can provide a wide range of advantages. For example, when pairing them with multiple trading accounts, you can strengthen the benefits they offer to an even larger extent.
| Trading Account | Account Size | Account Type |
|---|---|---|
| Prop Firm Account | $200,000 Account | Master Account |
| Broker Account | €12,000 Account | Slave Account |
| Prop Firm Account | $50,000 Account | Slave Account |
| Prop Firm Account | $100,000 Account | Slave Account |
| Broker Account | $7,000 Account | Slave Account |
| Trading Account | Account Size | Risk per Position |
|---|---|---|
| Prop Firm (FundedNext) | $200,000 Evaluation Account | 0.4% per trade ($800) |
| Broker (BlackBull Markets) | €12,000 Account | 1% per trade (€120) |
| Prop Firm (The Funded Trader) | $50,000 Funded Account | 0.2% per trade ($100) |
| Prop Firm (Funding Pips) | $100,000 Funded Account | 0.35% per trade ($350) |
| Broker (XM) | $7,000 Account | 1.5% per trade ($105) |
Additionally, with the utilization of a VPS server, such as Forex VPS, you guarantee yourself a consistently low latency and a robust connection, thereby ensuring uninterrupted operation of your Trade Copier around the clock. When seamlessly integrated into your network of trading accounts linked by a Trade Copier, this integration can yield significant enhancements in your trading results. This is primarily due to the elimination of manual trade execution across all your accounts. Instead, you simply execute the trade on your Master account, and the Trade Copier autonomously duplicates it across all the connected Slave accounts. By adopting this methodology and configuring specific risk parameters for each linked trading account, you can optimize your risk management for every position, irrespective of the current balance available in any of your trading accounts.
Conclusion
In conclusion, the FX Blue Trade Copier simplifies trade replication across multiple MT4 or MT5 installations on a single computer, compatible with any broker. With near-instant duplication and a range of configurable options, including lot size adjustment and custom MQL code incorporation, it offers unparalleled flexibility to optimize trading strategies efficiently.
