From BJF Trading Group
- Power Trade Copier
- Test results of Power Trade Copier demo version
- Power Trade Copier analysis from public sources
- Conclusions
Power Trade Copier
The MT4® Power Trade Copier from BJF Trading Group is software to copy trades in MT4® terminals. With Power Trade Copier you do not need to run MT4® terminals. You can copy trades from one or more master accounts into one or more sub-accounts. Copy Expert Advisors’ trades as well as manual trades. Supports all types of market and pending orders. The MT4® Power Trade Copier can work with different brokers simultaneously. The languages included at the time of writing the review are English, Chinese, German, Spanish and Japanese. The copier’s advantages are speed of trades copying due to the fact that the copier bypasses the MT4® terminal, saving precious time for scalpers.
Test results of the Power Trade Copier demo version
Unfortunately, I didn’t find the MT4® Power Trade Copier installation and setup manual, so I had to do it myself with the help of technical support. Readers of this review can partially use it as an installation and setup guide. The video material on installation and use of Power Trade Copier at youtube.com is unfortunately blocked when writing this review.
From the start, Microsoft Defender’s SmartScreen filter warns against installing an application that could put your computer at risk. No particular problem here – click “Run Anyway” and install the Power Trade Copier program.
After the program is installed on your computer you should enter data of the master account from which trades will be copied and of the slave account to which trades will be copied. In the copy manager, there are almost 4000 trading servers of different brokers, which can be used for copying. Remember to press the save button, otherwise, the entered account data will not be saved. After you have entered the master and slave account data, you will need to put a checkmark in the Acc link tab to link the accounts together. Here it is worth noting that the master and slave accounts can be connected to the copier with an unlimited number of accounts and to link them you will need to put a checkmark in the same tab: Acc link.
After a few simple but very necessary steps, the MT4® Power Trade Copier is ready to use.
It should be noted that the speed of copying is at an acceptable level for trading.
Trading with pending orders can be included into the passive of the MT4® Power Trade Copier, as a representative of the copier family. There is a possibility of not opening pending orders of the buy-limit and sell-limit types at different brokers due to the differences in the quotes. There cannot be any problems only with buy and sell orders. In the copy manager, among other windows and functions, there are statistics on the current open trades and closed trades. It works correctly.
Analysis of Power Trade Copier from public sources
Unfortunately, the video material on installation and use of Power Trade Copier on youtube.com is blocked when writing this review. Therefore, you will have to deal with all the features of the copier on your own – there are quite a few of them. This review will help a little with installation and setup, but there are still areas to be dealt with.
The feedback on the thematic platforms and forums on the MT4® Power Trade Copier is not clear. Some people like the copying speed, while others have some complaints about the copier’s performance in terms of closing trades copied. In my experience, I have not found any problems with closing trades. Most likely this problem has long been solved since it appeared in 2013. The total history of the site providing Power Trade Copier is currently 12 years 4 months 27 days.
Conclusions
The MT4® Power Trade Copier from BJF Trading 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 MT4® Power Trade Copier may not meet even the weakest expectations of its returns. The copying speed is the strong point of the software, while for the maximum effect of the copier you will have to deal with all the features on your own or with the help of technical support. The decision to buy Power Trade Copier software is up to everyone – the strengths and weaknesses I described in the review.
website: https://bjftradinggroup.com and https://iticsoftware.com
English 
Spanish 
Portuguese 
Chinese 
Japanese