Master Your Trades with a Simple MT5 Trade Copier

If you're looking to streamline your trading strategy, our Simple MT5 Trade Copier is just what you need. Here’s a breakdown of its key features:

1. Trade Copying Made Easy

At its core, this system allows you to replicate trades from one account (the Master) to another (the Slave). This is especially handy for:

Fund managers juggling multiple client accounts
Traders aiming to implement the same strategy across various brokers
Diversifying risk by spreading trades across different platforms

2. Account Structure

The setup is straightforward:

Master Account: This is your original source of trades.
Slave Account(s): These accounts mimic the trades initiated from the Master.

Communication between these accounts is file-based, ensuring efficiency and reliability.

3. Technical Implementation

We use a binary file communication system:

The Master writes position data to a binary file.
The Slave reads this file to sync up.
This method is quicker than traditional text-based systems and uses common folder access for seamless inter-terminal communication.

4. Position Management

Keep track of your positions in real-time with these features:

Replication of open positions
Syncing of stop loss and take profit levels
Closure of positions aligned with the Master account

5. Symbol Mapping

The trade copier can handle different symbol names across brokers, which is crucial:

For instance, XAUUSD.ecn on one platform may simply be labeled as GOLD on another.
This flexibility means you can adapt to different broker conventions without a hitch.

6. Risk Management

Our trade copier ensures:

Exact position sizes are maintained
Stop loss and take profit levels are preserved
Synchronized risk management across all accounts

7. Operational Features

The system is designed for constant monitoring:

Regular polling every 50 milliseconds to check for updates
Bi-directional verification:

Identifies new positions to copy
Confirms that existing positions remain valid
Closes positions that no longer exist on the Master account

8. Error Handling and Recovery

Our trade copier is equipped to manage common trading hurdles:

Failed order executions
Communication failures
Symbol availability issues
Price discrepancies between brokers

With the Simple MT5 Trade Copier, you can trade smarter, not harder. Whether you're a fund manager or an individual trader, this tool can help you keep your strategies on track across multiple accounts.