Prop Firm Trade Copier | Forex Factory

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Prop Firm Trade Copier

  • #1
  • First Post: Edited Dec 20, 2023 12:04pm Dec 17, 2023 6:38am | Edited Dec 20, 2023 12:04pm
I am currently running three live accounts with three different prop firms. I also have active challenges in two more. Basically, there's a chance I could have five live accounts in the not so distant future. So here's my problem, I am not looking forward to opening (and closing) trades manually on all these accounts. The obvious solution to my predicament would be subscribing to an online trade copier service but in doing so I would be putting my accounts in jeopardy. We all know these prop firms don't really want to pay you and will use the dubious excuse of 'multiple IP addresses detected' to decline payouts. The next best solution would be a 'local' trade copier that opens trades in multiple instances of MT4 that I already run on my computer.
Does anyone have recommendations of such trade copiers? Or does anyone know of a multiterminal MT4 that allows one to open trades from one master to several slave accounts with different brokers? Better still, does a better solution exist?
  • #2
  • Dec 18, 2023 1:35pm Dec 18, 2023 1:35pm
Quoting realkenfx
I am currently running three live accounts with three different prop firms. I also have active challenges in two more. Basically, there's a chance I could have five live accounts in the not so distant future. So here's my problem, I am not looking forward to opening (and closing) trades manually on all these accounts. The obvious solution to my predicament would be subscribing to an online trade copier service but in doing so I would be putting my accounts in jeopardy. We all know these prop firms don't really want to pay you and will use the dubious...
I am using this

Inserted Video
  • #3
  • Dec 18, 2023 3:06pm Dec 18, 2023 3:06pm
Quoting realkenfx
I am currently running three live accounts with three different prop firms. I also have active challenges in two more. Basically, there's a chance I could have five live accounts in the not so distant future. So here's my problem, I am not looking forward to opening (and closing) trades manually on all these accounts. The obvious solution to my predicament would be subscribing to an online trade copier service but in doing so I would be putting my accounts in jeopardy. We all know these prop firms don't really want to pay you and will use the dubious...
check this out
10 Best Forex Trade Copiers - Forex Broker Report

Personally, I use this local copier that worked fine with me. This one also handles Netting Account.
Buy the 'The Copier MT4' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)
  • #4
  • Dec 18, 2023 6:37pm Dec 18, 2023 6:37pm
Quoting BlueRain
{quote} check this out 10 Best Forex Trade Copiers - Forex Broker Report Personally, I use this local copier that worked fine with me. This one also handles Netting Account. Buy the 'The Copier MT4' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)

I use the Trade Copier at FXBlue.

and I also have another one which I bought many years ago for private use and limited master/slave accounts.

I wish Forex Factory would provide the same trade copying in their Trade Explorer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5
  • Dec 19, 2023 1:16pm Dec 19, 2023 1:16pm
Thanks guys for all your recommendations
I'll give each a try.
  • #6
  • Dec 19, 2023 2:40pm Dec 19, 2023 2:40pm
Quoting realkenfx
Thanks guys for all your recommendations I'll give each a try.
I thought you are not allowed to use any EAs, even trade copiers, if your trade with prop firms.
  • #7
  • Dec 19, 2023 9:41pm Dec 19, 2023 9:41pm
Quoting xtradex
{quote} I thought you are not allowed to use any EAs, even trade copiers, if your trade with prop firms.
There are few restrictions on what kind of EA you are using.

Most of case, you can use EA as long as it is run by yourself in your own account, not following other signals.
Also, you can use copier between your own accounts, but copy from other accounts including signal provider is not allowed.
  • #8
  • Dec 20, 2023 1:29am Dec 20, 2023 1:29am
Quoting BlueRain
{quote} There are few restrictions on what kind of EA you are using. Most of case, you can use EA as long as it is run by yourself in your own account, not following other signals. Also, you can use copier between your own accounts, but copy from other accounts including signal provider is not allowed.

Ah, ok. Thank you. So you are allowed to run FxBlue trade copier for example?
  • #9
  • Dec 20, 2023 12:07pm Dec 20, 2023 12:07pm
Quoting xtradex
{quote} Ah, ok. Thank you. So you are allowed to run FxBlue trade copier for example?
The simple answer is yes. The long answer is it's okay to use trade copiers as long as the signals come from one of your accounts to begin with.
  • #10
  • Dec 22, 2023 11:38am Dec 22, 2023 11:38am
Try this
https://www.fxblue.com/appstore/2/mt...l-trade-copier
it's free is the best
  • #11
  • Dec 27, 2023 11:05pm Dec 27, 2023 11:05pm
Quoting gcampigli
Try this https://www.fxblue.com/appstore/2/mt...l-trade-copier it's free is the best

They are not sending text for phone varification hence can not download, do you know any source for offline download?
  • #12
  • Jan 23, 2024 3:10am Jan 23, 2024 3:10am
Here they are
Attached File(s)
File Type: zip FX-Blue-Personal-Trade-Copier-for-MT4-Setup.exe.zip   20 KB | 473 downloads

Attached File(s)
File Type: pdf FX Blue Personal Trade Copier for MT4 - User guide.pdf   352 KB | 822 downloads
  • #13
  • Mar 28, 2024 6:58pm Mar 28, 2024 6:58pm
Quoting emmanuel7788
{quote} I use the Trade Copier at FXBlue. and I also have another one which I bought many years ago for private use and limited master/slave accounts. I wish Forex Factory would provide the same trade copying in their Trade Explorer.
If I have a trade copier set up but someone else is making the trades from their own computer. Would it still work? Would I just need my pc running with the trade copier opened?
  • #14
  • Last Post: Apr 17, 2024 6:09am Apr 17, 2024 6:09am
I have been running copiers from one broker (with EA) to other prop firm brokers. Example Roboforex Demo to Eightcap (for the prop firms).

The copier I am using is either FXBLue or CopyLot.

I understand different brokers will have different spreads, latencies, etc, and the end result will differ.

However, what I have observed recently is, my master account will still be running in profit, with X number of open trades, and the copied account would close some trades and end up in losses. Happened a few times.

Can anyone enlighten me please? Thanks.
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