Copy Your Trades With TradeReplica Tool

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Contents

BinaryOnline Launched TradeReplica Tool

BinaryOnline has recently announced a new TradeReplica feature that is available for all registered binary options traders. This binary broker promises this feature acts as a tool which provides more independence for front end users and enables opportunity for higher profits.

Let’s see what is TradeReplica is about and how can traders start using it.

What is BinaryOnline TradeReplica Tool?

Before we begin, first we have to describe what TradeReplica can offer for its traders. TradeReplica is a brand new tool developed by financial experts at BinaryOnline. This tool enables traders to replicate the trades of most successful traders on the financial market and place them on their own dashboard.

Every trader that has registered and funded their BinaryOnline account has the opportunity to use TradeReplica tool. Basically, this tool allows traders to copy the trade of best BinaryOnline traders and helps them to create a different strategy that might increase their profits.

TradeReplica is not based on trading algorithms, but on real traders that have their own ways to build the successful strategy. This tool sorts the best traders and allows all traders to find better solutions if they don’t have their own. Many times it happens that you don’t know which asset to choose or you just don’t have time to study about the financial news so TradeReplica tool might be the best solution.

How to Use TradeReplica Feature?

As we have already mentioned, in order to use TradeReplica, traders first have to be registered with BinaryOnline. The minimum deposit to start trading with this broker is $250, which is considered to be the market industry average. Besides the average deposit, the minimum investment is just $5, which will cheer up those traders who don’t plan to invest high amounts of money at first. According to the BinaryOnline, traders can make up to 81% of returns per each trade.

TradeReplica feature can be found on the trading interface on the top menu of the BinaryOnline platform. Since this feature is brand new, TradeReplica tool is marked with red icon “New”. This tool has the ability to display the best trading stats and performances in BinaryOnline network. The tool includes the list of traders which have managed to achieve high success rates. The higher the success rate, the better the performance of the trader will be.

Traders who have no time to analyze the markets and keep up with financial news have the opportunity to use the shortcut. TradeReplica allows traders to choose the top performing traders according to several parameters:

  • Period – from 1 day and up to 1 year
  • Investment amount – from $50 to $3,000
  • Investment limit – no limits option

Traders that choose to trade with TradeReplica can choose to follow the preferred trader. Those traders will be listed on Followed Traders list for easier organization of trading portfolio.

TradeReplica allows traders to research top traders according to the underlying asset classes they are trading with. The asset classes include various currencies, commodities, indices or stocks. When the asset is chosen, the list will sort top performing traders according to their success rate.

Trading with TradeReplica

This tool is excellent for those traders that decide to focus and base their trading portfolio according to specific markets. TradeReplica allows traders to use the pulldown menu and choose exact market they want to invest with.

The statistic analysis is provided with every trader which includes various factors. Besides the success rate, TradeReplica ranks its top performance traders according to total earnings amount, the number of traders who follow them and according to opened positions.

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TradeReplica and BinaryOnline Helps Traders Monitor their Trades

The part in which a trader monitors his trades is one of the most important tasks in binary options trading. No matter if you are trading on your own, copying trades or using a binary options robot, the trading analysis is very important.

TradeReplica tool has its own tracking and it allows traders to check all trades that are copied by the top traders. This option gives traders to retain to monitor and follow their performance with each trader they follow. This also includes the opportunity to monitor executed trades and control the risk of copied trades. If trading with certain traders doesn’t fit your preferences, just click on Unfollow button to remove selected trader.

What are TradeReplica’s Benefits?

First of all, the most important fact of TradeReplica tool is that it is free. After reading this guide, traders have probably got a good idea about what this tool can capable of. Another advantage is that traders don’t need to install any additional programs to their computer or a device because this tool is attached on BinaryOnline web-based platform.

It is obvious that creation of TradeReplica tool made some benefits for traders who don’t have time for making an analysis on financial markets and placing the trades on their own strategy. We can all confirm there are hundreds of binary robots on the internet that offer similar binary trading services. If you are not into trading with binary options robots or signal providers, the combination tool of BinaryOnline and TradeReplica might be a good choice for you.

Among various benefits we have found with this tool, TradeReplica has confirmed that trading binary options are possible even for those who lack trading experience and knowledge in binary options. Traders just need to focus on finding the trader with best success rates and assets that fit his needs. This means that traders won’t spend hours on calculations and research, but just a several moments for finding the best trader and copy his trades.

We can say that TradeReplica is a social trading tool that has lately become a trend in the binary options industry.

If you want to find more information about BinaryOnline, read our BinaryOnline broker review and find more about banking details, trading accounts, regulation and other important facts.

Copy Your Trades With TradeReplica Tool

Do you know some good trader or account with profitable EA and you want to follow his/her trades? Forex Copier can duplicate their success on your account(s).

All you need is an investor password of the account that you want to copy orders from. Then you can simply:

  1. Install an additional MT4 / MT5 terminal on your computer (it would be better if this terminal is of the same broker with the Source you want to follow)
  2. Log in to the Source account on the additional MT4 / MT5 terminal
  3. Install Forex Copier and specify your MetaTrader as “Receiver” and the source MetaTrader as “Source”

That’s it! Now your account trades exactly like the Source’s one, and you don’t have to worry about opening trades manually. Both Forex Copier 3 and Forex Copier Remote 2 do this boring job for you.

Minimize profit sharing

Let’s imagine: you are a client of a signal service and the commission you pay for using it depends on the profits you get. Now you can minimize the size of the commission!

To do this, choose a plan with a minimum possible account size, and then with the help of Forex Copier 3 or Forex Copier Remote 2, duplicate trades from this account into your bigger account. This way, you will save part of your profits, which you would have to share otherwise.

Resell signals of other traders

In case your business skills are better than the trading ones, you can benefit from Forex Copier in another way, by reselling signals of experienced traders.

We recommend using Forex Copier Remote 2 for this purpose. Please note: To be able to resell other people’s signals, you should obtain the appropriate right from the trader whose orders you want to copy.

Get profit even from losing accounts

We are 100% sure you know an account that loses money. Would it be possible to make use of it? Sure, with the help of the Reverse Mode available in our trade copier.

You know there are plenty of such losing accounts on the Internet (e.g., a person is just starting the trading career or you may have your own demo account with a losing EA).

So what can you do? Simply install Forex Copier 3 or Forex Copier Remote 2 in the Reverse Mode and copy opposite trades from the account that is losing money. For example, when a SELL order is opened on the “loser account”, a BUY order is copied to your account. So your balance grows whenever some money is lost on the Source.

  • You may lose money when your Source earns something, so we do not recommend reversing orders of a professional trader.
  • It’s also dangerous to reverse short-time positions (scalping) because the profit will be decreased by the spread value.

Run a signal service

Run a signal service

If you are a professional trader and think you can earn money by providing your signals to clients, you will find Forex Copier Remote 2 useful. It easily connects the clients’ accounts to your main one allowing you to send trading signals over the Internet to the unlimited number of receivers all over the world and execute these signals on their MT4 / MT5 terminals.

Work with several accounts at the same time

Work with several accounts at the same time

You may need to take care of several accounts at once. Forex Copier makes it easy since you don’t have to manage positions manually on each of them! Just work on one MT4 / MT5 terminal and mirror your trades to all other accounts you manage. Both Forex Copier 3 and Forex Copier Remote 2 will help you with this issue.

Protect your money

Protect your money

When trading Forex, the security of your deposit is the main thing. The brilliant idea is not to put all eggs in one basket, but diversify your risks instead. And you can do it with Forex Copier 3 or Forex Copier Remote 2! Just trade on one account and copy your orders to others. This way, you will be sure that if something happens to one of your brokers, you will have money left on other accounts.

Sell subscription to your EA without risks

Sell subscription to your EA without risks

Let’s say you have a profitable trading robot (EA) that you can earn extra money with, but you are afraid that it will be hacked if you share it with others. We have a reliable solution for you! Just offer the signals of your EA via Forex Copier 3 or Forex Copier Remote 2. So your customers will be able to copy signals into their accounts without access to the robot itself.

Forex Copier is user-friendly!

You don’t need to spend hours figuring out how to setup our EA in MT4 or MT5.
Forex Copier can be installed less than in 1 minute! Check that in the short video:

Copy Your Trades With TradeReplica Tool

Trade Copier Order FormThe forex trading community has become interested in the option to copy trades from one trading platform to another or from one trader to another. You can achieve this idea by using a tool called trade copier, and as the name implies copying trades from one Forex trade account (MetaTrader terminal) to another. There is unlimited potential when using this copy trading technology, individual traders or large institutes, fund managers and account managers. For example if you are a successful trader and you have a friend that just started trading and doesn’t do it very well, you can help him and copy the trades, using the simple tool of the trade copier, account managers can manage multiple accounts easier and many more options.

Sharing the success

Many signal providers that are offering subscription on monthly basis are profiting for the relatively new technology of copying trades. Trade copier in its essence allows you to copy your trades and share your success, sharing is caring but in the end you can make a lot of profit from it. If you are a successful trader who wants to share your success you can copy your trades automatically to other accounts, and share your success. Many individuals are benefiting from successful trade signal providers which are copying their trades, Important to remember signals from human traders and robot traders can be copied the same.

What is an MT4 Trade Copier?

Let me start by saying, Trust only proven to work effectively Trade copier software, many trade copiers has incompatibilities issues and incorrect trade copies. A Trade copier is a software which is installed on two MT4 accounts (master account which send the trades and order), Slave MT4 account which is receiving the trades and orders, these two account communicate all the time and synchronize all settings and data in real time (copying the trades and movements from one account to another). It is happening in real time considering the server and MT4 communications.

Two type of trade copier softwares

In this article we will look at the two main types of trade copiers which are ‘Local trade copier’ and the ‘Remote trade copier’, we will go through all of their features, differences and by the end of this article you will have a very good understanding on how these two types work and how you can work with them. Each of them serve a different purpose, many traders reading this article will find that they need only one of the trade copiers, but professional ones tend to use them both depending the purposes of their work and type of trades they make.

Local trade copier

The Local trade copier is a piece of software which is installed on the MT4 Metatrader on two different platforms. The platforms have to be hosted on the same VPS server or computer and can be used with any broker you want to work with. The software is implemented as an Expert advisor or EA and will provide synchronization and communication between the two platforms in order to copy orders, trades and signals from on to the other, they are on the same computer or VPS server.

Remote trade copier

The RTC, Remote trade copier functions as a trade copier which copy trades and information from one account to another that are not located on the same VPS server or computer and can even be in different countries, This trade copier functions the same as the local trade copier but is used for long distance copying, for example the master account can be located at England while the salve account will be located in Japan. Essentially you can have a master account that is located in one country that communicates with dozens of slave accounts that can be located all over the globe and the trades will be copied in almost near real time, these allows you to manage customer accounts for a distance and manage many accounts at once without being limited to your own server or computer.

What are the purposes of the RTC (remote trade copier) and the LTC (Local trade copier)?

The LTC, Local trade copier is best explained as software that copies trade from one platform to another while operating on the same computer or VPS. Let’s say you have an MT4 trading account on one platform and you want to replicate the trades to a second account, that is where the LTC plays its role, you can easily and automatically replicate all of your orders, pending orders and trades from one account to another without worrying about anything. The RTC is essentially doing the same as the LTC, only communicating with two different VPS servers or computers, it is copying the trades, pending orders and settings from one platform to another even if they are not located at the same the server or computer, this allows you to manage multiple accounts from a distance. This can be done in both types of Trade copiers even if they are using different account types or different brokers.

Additional settings and options that can be configured with the local copier

There are many additional features that can be configured in the LTC account that will allow you to diversify and even test different methods to increase your profit, let’s say for example you want to copy trades from a master account to a slave account using a different percentage risk, this can be achieved if you want one account to be a fast growth account which mean take greater risks when putting orders, you simply need to determine a different percentage risk value to one of the account to make it a faster growth account, this allows you to achieve different profits using two different strategies on copied orders or trades. That way you can manage different growth rates using different risk percentages but only using one main account that you input trades on. Meaning one account will use the high risk percentage and the second account will use the low risk percentage while you input orders only in one account, this can be implemented in multiple accounts, letting you do different strategies for trading using only one master accounts on multiple slave accounts.

An account manager benefits from a local copier and automatically copying trades to a handful of other terminals

Let’s say you are a successful account manager that is managing different customer accounts, your job is to make these accounts profitable, but you are overwhelmed by the need to place multiple orders in multiple accounts and in multiple brokers or platforms. The solution to this issue is easy! For example: You have multiple accounts on your server and you are using A local trade copier version, that means you are managing different accounts on different terminals all located on the same computer (the accounts of your customers) You would need to place the same or different order or trade four or five times getting in different platforms, which be not only difficult but nearly impossible, but because you have a LTC (Local trade copier) on your platform you can manage multiple accounts by trading in one account (the master account). The trade copier will automatically copy all of your orders and trades to the multiple customer accounts. As well. Think that you just made the same trade with all parameters and entry price in multiple different accounts at the same time. The trades are copied in real time speed and usually take less than a second to appear in the secondary (slave) account; this ensures you that entry prices are as close as possible to each other. You can easily set different parameters to different LTC accounts such as risk percentages or lot size. You may specify different lot size and risk values for different accounts when setting them up, these are only a few of the features you may customize when using the Trade copier.

Expanded uses for the Remote Trade Copier

The remote trade copier (RTC) is an efficient tool for any trade signal provider or account manager with different customers, The primary use of the RTC is to manage or share trades with multiple users that are located on different VPS servers or computers, it is a one in all solution for signal providers or account managers with different location customers, it provides with the same set of tools as the LTC with many other features and plugins. Let’s say you are a professional trader that publishes his trades based on subscription fee, you may use an e-mail to publish your trades, but emails are very primitive. E-mails are effective don’t get me wrong but today, with the remote trade copier service you can upgrade yourself.

What if there was a seamless solution to help copy your trades into the accounts of others who are subscribed to your trade alerts?

This is the main power of the trade copier, it is allowing you to copy trade signals with the put most efficiency, you can take a signal from one account and copy it to hundreds of accounts in under one second, are you staring to understand the power of this tool? It is now easy than ever before to build a successful business around a successful trader without any extra headaches, The RTC will be the bridge and communicate between the master account and the salve accounts.

Can a remote or local trade copier be installed on a VPS (Virtual Private Server)?

A VPS is a great tool for any trader. To put it as simple as possible, a VPS is a virtual server that stores information and is located in a Server farm, it is a virtual space allocated out of a bigger physical server and it is software based. This is a far better tool than a home computer as for most servers the uptime is much better. You MT4 and LTC will be installed on a server much like your computer, which you will gain access to using a special software, remotely from your computer or any computer, remember that the VPS is much stronger than your home computer and much safer in case there is an electric failure or internet failure. Many MT4 traders are running their platform and software on VPS servers, many of them are using Local and remote trade copiers to manage multiple accounts safely, the local trade copier can be installed and implemented on all server types and many traders already doing so. There are many companies that provide Virtual private servers and it is Okay if you know about a good provider, I will recommend this provider as I know them to be a good service provider – www.vpsforextrader.com

What if the accounts being copied to are of different size than the ‘Provider’ account?

The trade copier was designed to work freely even if you have different account types or different brokers, the Trade copier will copy trade from a $5,000 to a $250 account the same as a $5,000,000,000 account to a $5,000 according to the settings you apply, all the settings and trades will be correctly copy from the master account to the slave account no matter what are the account type. Here are some extra settings you can work with on the ‘slave account’ (the one that receive the data), using the trade copier

  • You can set a fixed lot size for each trade
  • You may set a certain percentage risk for each trade (measured according to the account size and the size of the stop loss)
  • Matching the same risk that is used in the ‘master’ account (the one where the trades are copied from). This is one of the most popular risk settings.
  • Choosing whether to trade certain currencies or whether to reject other currency pair trades.
  • These are just a few of the many settings available on the remote and local trade copiers.
  • The trade copier will do its job perfectly even if there are account differences, all according to the settings and strategy that is applied on the master account.

Do all the same charts need to be opened to receive trade signals on diferent currencies?

Essentially no. You will need to open only one chart to receive the copied trades. It is supposed to be a chart of one of the major pairs (ESDCHF, GBPUSD, AUDUSD, EURUSD, USDJPY). It doesn’t matter on what pair the TC will be installed, it will still send and receive trades of any pairs.

Can a trade copier reverse trades between two different accounts?

Yes, if you are working with a losing EA or for example you are losing money consistently, you may use a reverse strategy trade with the trade copier and make losing accounts into winning accounts, doing a reverse trade will allow you to experiment different strategies and to do the losing trades in the opposite direction making them a winning trade.

Why not just reverse a losing strategy for profit?

It is not simple as it seems, because it has to relate to the take-profit and stop loss levels, and to the spreads. When you are doing a reverse trade you are paying for the spread twice, why is that? The first account is losing two, three pips and then closing out. Those two, three pips were just the spread on the trade, since you are doing reverse trading meaning you do it backwards, you will have to pay for the trade and the spread which will lead you to have an ‘equal’ on the negative \ positive ratio. If you do have a strategy that consistently losing money and it has a large pips amount than doing a reverse trading strategy might work well and you will be able to profit from it. But remember not all poor strategies can be reversed, if you do not have the spread you need and amount of pips you’ll just mess it up. Trust me on this one, it is complicated to explain why it is not simple to just take a poor strategy and make it to a winning one, many systems are with a losing ratio just because they are paying out a lot on commissions. It might be that they have even 50% win-loss ratio, but because they are winning a small amount of pips every time the commissions are high and the profit is small.

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