Social Trading:The most interesting and useful tool to get access to financial markets

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Account Copier

In today’s world a demand for social trading greatly grows day by day.

Social trading is considered to be the newest; the most interesting and useful tool to get access to financial markets. It is widely used by beginner traders and also serves as great tool for professional traders to increase their profit.

The basis of all types of social trading is a system that copies transactions.

Such a system can be often used by both the broker and the trader. Let’s take a look at the most popular and professional transaction copier that works in favor of the trader - PowerTradeCopier.

PowerTradeCopier was designed and developed for forex traders, money managers, forex signal providers and brokers. This transaction copier has many great advantages over other similar products.

The speed of copying serves to be the most important feature of any copier. A majority of the copiers are programmed to abide by a timer. That is, with a given frequency, a comparison of master and sub accounts takes place.

However, such method is proven to be flawed since with the use of timer, there is a delay in copying at the time of which a price on a slave account can drastically change, thus creating a possibility of loss. PowerTradeCopier on the other hand copies the order immediately after it shows up on the master terminal, and its copying speed depends solely on the speediness of broker’s execution.

PowerTradeCopier also has a few built in filters.

One of such filters helps to open up transactions on a slave account at an equal or more profitable price as on a master account.

The delay is non-existent. Moreover, an STP add-on was developed which allows to open the order at the same time on both the master and slave account.

The second important factor is user friendliness of the interface and accessibility to program settings. PowerTradeCopier is an independent program with a user friendly interface that utilizes a lot of filters and setting which will satisfy the requirements of any user.

The program also has a reverse module.

Such module can fully transform and turn an unprofitable strategy into a profitable one. This reverse module can also be used for hedge loss. Some of the accounts can be copied normally and some can be copied in a reverse mode.

One of the great qualities that PowerTradeCopier possess is that there is no need to launch and keep the MT4 terminals running, which very important if you are managing more than one account.

The 3rd option is ability to operate on many platforms. You can copy transactions not only from MT4 to MT4, but you can also do it using JForex add-on from MT4 to JForex (DukasCopy), and by using FIX API add-on from MT4 to Currenex, LMAX, ADS Securities, Fortex (Marex), MIG Bank, CitiFX, SwissCode.

Currently a module is being developed for MT5. Involvement of investors with DukasCopy or Currenex accounts can greatly increase your capital and attract larger investors. The FIX API add on will also be useful to traders that use high-frequency strategies.

Very often an MT4 expert advisor shows good profit on a demo account, but shows no profit on real accounts. I think every trader has faced such a situation in their trading experience. In most cases, the problem arises due to the difference in the execution of orders on the demo and live account.

Traders try to solve the problem by finding a dedicated server or VPS with a decent internet channel and near a brokerage company. You may reduce the time in executing the order, however, you are still likely to fail in an attempt to fix the problem entirely, especially since brokers often present an artificial delay in the execution of orders which helps them to increase their profits.

If you are a signal provider or a money manager, but your clients do not wish to give you the passwords to their accounts, you can make great use of the Provider Mode. In this case, the most important part of the software is located on the computer of the manager (provider), and the 2nd part is located on your client’s computer.

The client enters the password themselves and adjusts the settings of copying. Using this method of execution, copier also works without delays. Provider mode can operate both as a Provider and a copier at the same time.

Read more about PowerTradeCopier:

http://multiterminal.net

14 Days Trial is Available