MetaTrader 5 trade copier
About MetaTrader 5
MetaTrader 5 is one of the most popular platform in the world. It allows to trade Forex, Indices, Metals, Crypto. Supports Time and Sales and Order book functionality, which was not present in previous version.
MetaTrader 5 is easy to use, which make this first choice platform for retail trades.
AimFX integrates with MetaTrader 5 netting and hedging account types. It’s possible to setup MT4 as master, follower or both. It works both for Real and Demo account.
1. Copy trades from single MT5 master to one or more followers
One of the most seen use case is when trader trade is trading on single MT5 account but than decide to open another account with different broker.
With AimFX, it’s possible to focus on trading on single account and multiply trades to one or more follower accounts.
Each follower account can be different in size. There are several ways of handling risk management.
- Define Money Management settings: based on balance ratio, equity ratio, lot multiplier or fixed lot size
- Define risk ratio – which multiply master lot size to each of follower accounts
- Define TP/SL strategy
2. Scale lot size
Imagine situation when trader is doing well on small lot size but when he/she increase the lot size, immediately start to lose money.
One of solution might be, trade on small master account and focus on the process/strategy, and copy trades to bigger account size.
3. Trade EA on MT4 and copy trades on MT5
MT4 is the most popular platform for retail traders. Many Expert Advisors / indicators were written to it. Not all of them are available in MT5.
It’s possible to use your current Indicators or Expert Advisors on MT4 but handle execution with broker on MT5 account.
With AimFX trade copier, it’s possible to copy trades between MetaTrader 4 and MetaTrader 5 platforms.