In most cases we have more than one account and the fact we would like to run in each the same operations. MetaTrader has a multiterminal for grouping accounts and to run them the same operations. Despite this, the program has two limitations:
• Only give permission to accounts in the same broker.
Do not support the use of automated trading.
However, it is good to know that CopyTrader tool allows the user to replicate the operations of any of their accounts with others, whether they are manual or an automatic system, besides being able to do so among different brokers.
The Trader Copy is a very easy to use. Once installed, the browser MetaTrader Expert Advisors are two new. These are the CopyTrader master and the other is the slave CopyTrader. Will launch a master CopyTrader MetaTrader replicate our account and the slave CopyTrader each of the other accounts that need to copy the various operations master. The tool works CopyTrader copied so that computer accounts in the same or different, are both through the local network or the Internet.
To do this it is necessary to perform the configuration on each of the slave IP address and port of the master to be replicated. In the simplest example we have only two accounts, one will work as a teacher and the other as slave making replicas of operations. Both accounts are run on two platforms on the same computer MetaTrader. For this reason we choose any connection port and IP address that identifies the computer used.
When configured this way the two Expert Advisors master and slave, both accounts will be connected and traders to execute one of these, it is immediately replicated on the other. Good to know that actions can manage CopyTrader tool. They are:
• Put Sell Stop orders pending, Boy Limit, Buy and Sell Stop Limit.
· Close Sell and Buy orders.
· Make Sell and Buy orders to market.
· Cancellation of pending orders Sell Stop Limit Boy, Buy and Sell Stop Limit.
• Close partial orders relating to Sell and Buy.
• Modification of Sell, Buy, Sell Stop Limit Boy, Buy and Sell Stop Limit.