- FX Blue Personal Trade Copier+
- FX Blue Personal Trade Copier test results
- FX Blue Personal Trade Copier analysis from public sources
- Conclusions
FX Blue Personal Trade Copier
The FX Blue Personal Trade Copier for MT4® and MT5® is available at fxblue.com. There is one software for MT4® and another for MT5®. They can work together.
The Personal Trade Copier copies orders between two or more instances of MT4® and MT5® running on the same computer. The copying speed between terminals is almost instantaneous. The lot size can be adjusted between different accounts. You can limit copying by certain trading instruments or magic numbers.
After registering on the website, the free download and use of Personal Trade Copier software is available for personal use.
The main advantages of the Personal Trade Copier:
1. Adjusting lot sizes, including risk adjustment based on the relative capital of the accounts used.
2. Adjusting take-profit and stop-loss.
3. Ability to copy orders only for specific symbols.
4. Possibility to copy trades only with certain magic numbers.
5. Copies both manual and automatic trades.
6. Has the ability to send email alerts on trading activity.
7. Uses a single magic number for all orders, which allows you to analyze trade results.
8. Automatically adjusts between different broker symbol names such as EURUSD and EURUSDcx.
9. Automatically configurable between brokers that use 2/3DP and 4/5DP prices.
10. It is possible to invert the original trading direction.
It is possible to set up daily trading hours, during which the copier is allowed to trade.
12. Handles partial closures.
13. The MT4 copier does not need the ability to make trades. It can be accessed using the MT4 “investor” read-only password.
The copier manufacturer’s website provides a detailed user manual in text format, written in an accessible language for beginners.
The Personal Trade Copier can be set up between MT4® and MT4®, MT4® and MT5®, MT5® and MT5® terminals in any variants.
For my test, I used installation files for MT4® and MT5® and I was satisfied – there were no problems with the installation of server and client parts of the Expert Advisor.
FX Blue Personal Trade Copier test results
The Personal Trade Copier installation and setup takes a little time after reading the manual – everything is described in detail. When installing the copier, you can select the terminal to which it is to be installed.
After a quick installation of the server (Sender) and trading (Reciever) parts of the copier into terminals – everything is ready to use.
To visualize perception Sender has a darker shade, and the Receiver – has a lighter one.
It is enough to install the copier on one chart – it will work with all trades opened on the account from which the copying is performed. If you connect the server account on your smartphone while the copier is enabled on the computer with Sender installed – the trades sent from the smartphone will also be copied to the Reciever account.
After installing and configuring the server and client parts of the copier, I tested the Personal Trade Copier using MT4® and MT4® terminals. You can see in the screenshot below, an order opened in the server terminal is copied by the Expert Advisor to the client terminal. The copier has no problems with copying trades – everything works fine. The order was opened at the market price, so the opening price in the client terminal is different from the opening price in the server terminal.
Then I tested the Personal Trade Copier on MT4® and MT5®. The speed of copying is the same as in the previous case – almost instant. There is also a discrepancy in prices of opening trades at market prices.
The copier has the ability to set the lot size on a variety of parameters when copying trades – you can choose the desired option. By default the same relative lot size is set (based on the relative capital).
One of the disadvantages of all copiers is that prices for trading instruments are different for different brokers, which can result in the pending buy-limit and sell-limit orders being opened on one platform and not on the other. The Personal Trade Copier is not an exception. This greatly reduces the possibility of using the copier. That leaves the orders opened at market prices and the buy and sell stop types for perfect trading, although when taking a take profit or a stop loss, there might also be differences in the orders in different terminals.
FX Blue Personal Trade Copier analysis from public sources
There is a detailed user manual on installation and use of the product on the company’s website, which is available in English. The company has a free version of the software for personal use, and all you have to do is register.
The age of the site at the time of writing the review is 16 years 4 months and 21 days. There are a lot of reviews on the thematic platforms and forums about trading. Reviews are positive – inspire confidence in the product sold.
Conclusions
The Personal Trade Copier software is a highly specialized purchase that cannot be used for a large number of trading systems. I would give preference to trading in the medium to long term by placing buy and sell orders. In this kind of trading, the purchase of the software in question makes sense. In faster trades and buy-limit and sell-limit orders, the Personal Trade Copier may not live up to even the weakest expectations of its returns. I have no complaints regarding the Personal Trade Copier – it is of high quality and with great detail. However, problems may arise from the differences in quotes from different brokers. Personal Trade Copier software is available for free download and use. In my opinion, it is one of the best trade copiers for private traders.
Website: https://www.fxblue.com/appstore/2/mt4-personal-trade-copier
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