Description
The RedFox Copier Pro EA V1.39 is a MetaTrader 4 (MT4) Expert Advisor (EA) designed to provide a solution for trade copying between different accounts. This type of EA is typically used for social trading, where trades made on one master account (also known as the signal provider) are automatically copied to one or more client accounts (known as follower accounts). The “Pro” version often includes advanced features and enhanced performance compared to basic trade copier versions.
RedFox Copier Pro EA V1.39 MT4
Key Features of RedFox Copier Pro EA V1.39:
- Master-to-Follower Account Trade Copying:
- RedFox Copier Pro allows you to copy trades from a master account to one or more follower accounts. This means the trades executed on the master account are duplicated automatically on the connected follower accounts.
- It can be used for copy trading setups or managing multiple accounts simultaneously.
- Multiple Accounts and Platforms:
- It supports copying trades to multiple follower accounts simultaneously.
- It works on different accounts and can be used across various brokers, as long as those brokers support MetaTrader 4.
- Real-Time Trade Copying:
- The copier works in real time, ensuring that when a trade is opened, modified, or closed on the master account, the same action is mirrored on the follower account with minimal delay.
- Adjustable Lot Sizes:
- You can adjust the lot size ratio between the master and the follower accounts. For instance, if the master account opens a trade with 1.0 lot size, you can set the follower account to open with 0.1 or any ratio you prefer.
- Risk Management:
- RedFox Copier Pro often comes with features like adjustable risk settings to prevent overexposure on follower accounts. This includes customizable Lot Size, Stop Loss, and Take Profit settings, allowing you to manage risk independently from the master account’s settings.
- Customizable Trade Settings:
- You can configure how the copier handles stop-loss, take-profit, and trailing stops. The copier will ensure that the same risk parameters are applied to the copied trades, but they can be modified based on the needs of the follower account.
- Time Delay:
- The EA usually allows you to set a small time delay between the trade opening on the master account and the copied trade on the follower account. This delay can prevent slippage and help manage market volatility.
- Error Handling and Recovery:
- RedFox Copier Pro may include features for error detection and recovery, ensuring the copier stays operational even in case of disconnections or other issues that might interrupt the copy process.
- Compatibility with Different Account Types:
- Whether you are using a standard account, a cent account, or even a demo account, this EA should work as long as it is configured correctly.
- Advanced Settings:
- The Pro version might also offer advanced features like filtering to copy only specific trades based on certain conditions (e.g., only trades of a certain type, size, or direction).
- The ability to exclude specific instruments (like certain currency pairs) from copying could also be available.
Installation & Setup on MT4:
- Download and Install the EA:
- Ensure that you have downloaded RedFox Copier Pro EA V1.39 from a trusted source.
- Open the MT4 platform.
- Go to File > Open Data Folder > MQL4 > Experts.
- Place the RedFox Copier Pro EA file into the Experts folder.
- Close and restart MT4.
- Setting Up Master and Follower Accounts:
- You’ll need to install the Master EA on the master account and the Follower EA on the accounts where you want to copy the trades.
- For the Master EA, configure it to allow copying and set up any desired risk or trade settings.
- For the Follower EA, you’ll need to input the details of the master account, including its trading server and any relevant authentication information.
- Connecting the Master and Follower Accounts:
- Ensure that both the master and follower accounts are connected via the copier. Usually, the master account will send trade signals to the follower accounts, and the follower accounts will automatically copy those trades.
- Set up any lot-size ratio or trade delay settings you wish to use.
- Activate AutoTrading:
- After attaching the EA to both the master and follower accounts, ensure AutoTrading is enabled in the MT4 platform.
- Monitor and Adjust:
- After setting everything up, monitor the trade copying process to ensure everything is working smoothly. If needed, adjust the settings like risk parameters or trade filters.
Tips for Using RedFox Copier Pro EA V1.39:
- Testing: Before using it with real money, test the copier in a demo account to ensure that it copies trades accurately and that the settings are applied correctly.
- Adjust Risk: Since trade copying involves mirroring the trades from another account, be sure to adjust the risk level on the follower account to match your risk tolerance.
- Network and Latency: Ensure your internet connection is stable, as network issues can delay trade copying and result in discrepancies between the master and follower accounts.
Conclusion:
RedFox Copier Pro EA V1.39 is a powerful tool for traders looking to automatically replicate trades across multiple accounts, making it ideal for managing multiple portfolios or running a copy trading business. With adjustable settings, real-time copying, and customizable risk management features, it allows for flexibility in trade copying and ensures that followers’ accounts stay in sync with the master account.
If you need help setting it up or configuring any specific settings, feel free to ask!
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