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Reverse TradeCopier Follow can copy trading operations from the account where Reverse TradeCopier Source is running.

Attention: This is a limited version of Reverse Trades Copier Source. It only works on demo accounts.

Attention: This is a limited version of Reverse Trades Copier Source. It only works on demo accounts.

Specifications:

  • Copies trading operations from a single source account (main account) to multiple follower accounts (subordinate accounts).
  • Allows you to specify only the investor password (read-only) for the source account (main account).
  • There are no complicated settings and input parameters, everything is simple.
  • Works with different brokers.
  • It works with symbols that have different quotes (EURUSD_FX, eurusd_m, etc.).
  • It can copy trading operations from accounts that use 4-digit quotes to accounts with 5-digit quotes or vice versa.
  • Allows you to copy trading operations between brokers with immediate and market execution (ECN).
  • The volume of transactions for the subordinate account is selected depending on the difference between the free margin on this account and the source account. The minimum and maximum volume is limited by the broker’s settings. This is better than a fixed lot size.
  • Copies both Expert Advisor trading operations and manual operations.
  • A “Reverse Trades Follow Report” is created for each follower account. Saved in the “MT5 terminalMQL5FileReverse TradeCopier” directory.
  • Supports most of the market and pending orders:
    • Buy -> Sell
    • Buy Stop -> Sell Limit
    • Buy Limit -> Sell Stop
    • Sell -> Buy
    • Sell Stop -> Buy Limit
    • Sell Limit -> Buy Stop
    • (Stop Loss is replaced by Take Profit or vice versa)
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  • Buy -> Sell
  • Buy Stop -> Sell Limit
  • Buy Limit -> Sell Stop
  • Sell -> Buy
  • Sell Stop -> Buy Limit
  • Sell Limit -> Buy Stop
  • (Stop Loss is replaced by Take Profit or vice versa)

Application:

Note:

If you trade manually or with another Expert Advisor on a follower account, the “Reverse TradeCopier Follow” program will close.

It does not copy positions/orders that were opened / placed by running the “Reverse TradeCopier Source” and “Reverse TradeCopier Follow” programs.

The price of trading operations on the follower accounts may differ slightly from the price on the source account if the accounts are owned by different brokers or under strict market conditions.

The old “Reverse Trades Follow Report” is erased and a new one is created in two cases:

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Published

04 April 2013

Updated

Current Version

1.0

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