There are lots of traders who for one reason or another are unable to be in the trade room as much as they would wish. We have been developing a solution to enable our members who are unable to be in the trade to still be able to benefit from the trades taken.
We have done this by developing a trade copier, It will copy trades taken by moderators during the course of the trading day allowing you to benefit from their calls even when you are busy with other commitments.
What You Need To Use The Copier
As usual, this tool is designed to help our members and as such, it is currently only available exclusively to them.
Firstly, the copier software uses the MT4 platform..Secondly, in order to reduce latency to a minimum, you must use the copier through our IC Markets connection as our broker as the the master account will also be with them. In addition, this allows us to provide the service for FREE as we want to provide as much value as possible to our clients. IC Markets is a highly reputable broker with a good reputation.
Although not a requirement, it is advisable, although not crucial, that you run the IC Markets MT4 on a VPS (Virtual Private Server). Don’t worry this is not as scary as it sounds, it is just a virtual computer that is always on so that you don’t miss any trades. There are many options but we suggest that you use a FREE VPS from Amazon (AWS). It is reasonably simple to set up but if in doubt Admin will walk you through the process. You do not have to use a VPS but it will mean having your own computer running for long periods. The likelihood is that copier trades will be confined to 8.00am to 4.00pm UK time.
Please note, the Trade Copier is in its infancy. Not all the trades in the trade room will be taken initially this is because not all the moderators use MT4 to trade and in highly volatile markets the copied results of scalping trades can be subject to slippage. However, as the software improves we will gradually increase the amount trades that are sent to the copier.
“Excellent product. The moderators are very helpfull and willing to share their knowledge. I am happy with the support I get. The webinars help the new people understand the product and setups”