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.
2. In today’s world a demand for social trading
greatly grows day by day.
3. 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.
4. The basis of all types of social trading is a system
that copies transactions.
5. 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.
6.
7. 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.
8. 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.
9. 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.
11. 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.
12. 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.
13. 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.
15. 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.
16. 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.
17. 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.
18. 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.
19. 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.
20. 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.
21. 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.
22. 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.
23. Read more about PowerTradeCopier:
http://multiterminal.net
14 Days Trial is Available
