Simple guide on how to work in Forex Copier
To copy trading signals from some Meta Trader 4 account to another account you must know the password ("investor" or "master" one) of the source account.
Then you start two (or more) Meta Trader 4 platforms, one platform (with Source account) should be connected to the account you want to copy from (Meta Trader platform 1), another platform (with Receiver account) should be connected to the account that will receive signals (Meta Trader platform 2). Our software will install "SourceEA" expert adviser (SignalProviderEA if you use Forex Copier Professional or Multiaccount) (EA) on the first platform, that will be tracking all changes on the this account. Also our program will install “ReceiverEA” (SignalProcessorEA if you use Forex Copier Professional or Multiaccount) on the second platform that will receive signals which are sent by our SourceEA and open these orders on the receiver account.
Please review the scheme below to get an idea how Copier transfers trades to your account:
It looks like this:
In case if you want to copy orders from more than 1 Source account you should start more than one MT4 platform with "SourceEA" (SignalProvider) EA.
Please note that Forex Copier 2 allows copying orders from many Source to many Receiver accounts so you can connect as many platforms as you want.
Important! On each Meta Trader 4 terminal must be only one! "SourceEA" or "ReceiverEA" EA. Do not place these experts on every chart. Forex Copier EA is installed on one chart but copies orders for all pairs by default.