PowerTradeCopier Last Reviews & Testimonials

1st Review
14 May, 2013 source: http://www.scribd.com/doc/141328499/PowerTradeCopierReview I would like to share my experience about PowerTradeCopier ( http://multiterminal.net ). I am a professional forex trader and several years ago, I started managing two accounts for my friends. Our initial capital was 18,000 and we have made nearly 100% by the first year. My friend has posted statement on forex forum and after long negotiations, we managed to involve five more investors with capital 70,000. I use scalping strategy and there are moments when my robot opens 3-4 orders in a matter of seconds. I also trade on a news in semi-automatic mode. Our investors already had accounts with different brokers and we failed to convince them, to open an account with our brokerage company. It was impossible to manage all mt4 accounts simultaneously and for this reason there was a need for account copier, and the most important parameter when choosing a copier was copying speed (latency). We tested a number of copyists, but they were almost identical, had copying latency, and were difficult to manage. One My friend recommended me PowerTradeCopier and instantly I,requested for the demo version. First of all powertradecopier is the standalone software, I mean you do not need to install several mt4 terminals to run them or use scripts for each mt4. all you need is to just install powertradecopier. Second powertradecopier is event-copier, powertradecopier doesnt poll the general account time to time and as soon as an event occurs on the general account, it copes to dependent account and this reason is the reason why powertradecopier doesnt have delay. We copy orders from high frequency robot without any problem. Now we manage more than 30,mt4 accounts and several currenex accounts and continue to use powertradecopier. Several of our clients have accounts with slow mt4 brokers and we use SL side filter for this accounts and manage them without any problem. This filter allows me to open orders on these accounts on the same price with master account. We never use jforex add-on, but I am sure that this is the same professional solution like all the other powertradecopiers modules. Val Fedorov & Sergey Kutikov

2d Review
10 March, 2013 Source: http://fxsoftreview.com How I became a famous trader (a true story, believe it or not )

About Author: Sergey S. professional forex trader and software developer on MQL4. He has published several articles on articles.mql4.com One day, for a special contribution to the development of a software package I received, as an added bonus, trading account managed by profitable advisor. Here's what I got: 1. 2. 3. 4. Account number (AN) - trading account number, Invest Pass Word (IPW) - investor password, Trade Server Address (TSA) - the address of the trade server Magic number (MN) - identifier for the orders owned by the advisor.

This advisor was designed by the well known trader that won prizes at the advisor's championships, held by the company MetaQuotes Software Corp., so I treated him with due reverence, logged to this trading account, viewed 3year history of the trade and realized that it is possible to make good money. To start, I tried to manually repeat the transaction on a demo account, but soon realized that I can not manage with such work. Careful analysis allowed to identify in the Expert Advisor behavior following characteristics: 1. For the number of days advisor could deal exclusively with scalping using continuous order's stoploss/ takeprofit-levels modifications. 2. Scalping suddenly came to an end and a new game similar to the martingale accompanied by a continuous modification of orders could start and might last for several days. 3. Combination of conduct in p. 1. and p. 2. might take place. It became clear that I need automatic trades copier that meets the following requirements: 1. Acceptable advisor operations copy delay for the scalping to have any sense. 2. Acceptable copy accuracy for quotations and prices when opening and modifying orders. 3. Availability of powerful tools to manage the volumes for copied positions, because the volumes of each order in order's chain may in fact be the part of a trading strategy. 4. Availability of a Magic Number filter to select individual orders for copy At first glance, to find automatic trades copier at now days is not a problem, but in reality it was not so simple. Within two months, I tested four copiers. No any questions, all these programs really was made very well, they all work fine and steady, the interface is a logical and very friendly all tips, contextual Help, well-chosen operations mnemonic, high-quality documentations and so on. However, none of them passed the test number 1. - acceptable advisor operations copy delay! There were cases when open order delay exceeded one hour! Moreover, sometimes the orders did not open at all! Developers were not surprised that such cases take place and explained this by "abnormal flow of quotations", sometimes they said that "ticks come very frequently," or vice versa - "ticks come very rarely," or refered to shortcomings of the MT4 terminal itself. But for me It was clear that skipping even a single order from the trading strategy order's chain is not acceptable.

Well, but I'm myself the programmer, so, having spent a month I wrote for himself a simple (without interface) copier to copy trades from one Master-MT4 terminal to another MT4 Slave-terminal. The result was the same - the unacceptable delays, order copy skippings. It was clear that the delay is a result of either MT4 terminal, or the trading server. Trading server testing showed quite decent results. So, MT4 terminal remained responsible for poor performance, in principle, it is clear, too many functions assigned to it! But to work independently with the trading server without MT4 terminal this task is not for me, so I turned to Google to search for the copier that works without MT4 terminal. And I found exactly such copier - PowerTradeCopier (http://multiterminal.net/) products from BJF Trading Group (http://iticsoftware.com/). I acquired the demo-version, installed it and wanted to go for testing, but it appears that the interface, to put it mildly, not very friendly! I had to refer to the documentation, however, as for me, and the documentation was not satisfactory! I had to spend a couple of days to sort out the interface buttons, what and where, etc. Sometimes such things happen ! At last, I moved on to testing and did not regret the time spent. The result exceeded all expectations! I run on one computer MT4 terminal with Master-account and on another computer MT4 terminal with demo Slave-account. Hard scalping started on Master-account, Slave-demo account repeated all Master-account activity one to one, it was visually impossible to distinguish which account is the Master and which is the Slave. And this despite the fact that the Master and Slave had trading servers from different brokers! Thus, the requirement of 1. Acceptable advisor operations copy delay for the scalping to have any sense. is satisfied ! The orders opening prices and the prices of modified fields StopLoss and TakeProfit of Master and Slave accounts differed by no more than 10-15 points and it is at 5-point quotes! Thus, the requirement of 2. Acceptable copy accuracy for quotations and prices when opening and modifying orders. is satisfied ! Next, it was necessary to deal with the Money Management. Documentation in this part was executed perfectly. The developers clearly realized that the copier purpose is not only to copy orders, but to copy the trading strategy itself! Here in this file http://multiterminal.net/PowerTradeCopier-settings.pdf all Money Managemets methods related to the orders volumes for Slave accounts are explained in detail, so I had't much difficulty to set the parameters related to the volume of Slave account orders. Thus, the requirement of 3. Availability of powerful tools to manage the volumes for copied positions, because the volumes of each order in order's chain may in fact be the part of a trading strategy. is satisfied !

Since the number of advisers can simultaneously run on Master account, it was critically important to be able to make copies of orders issued only by "our" adviser. Our copier in addition to all other filters also has a Magic Number filter! Thus, the requirement of 4. Availability of a Magic Number filter to select individual orders for copy. is satisfied ! Copier testing lasted around the clock for two weeks. During this time, the profit of 15% of the initial balance was recorded at Slave account and up to 17% of the initial balance on Master account. As we can see, the results are quite acceptable. Any critical failures in the process of copying were not fixed. Inspired by these results, I attached my own real account as a Slave account to the Master account and set this my own real account to monitor on a well-known site http://www.onix-trade.net/. A month's profit on Slave account totaled 27% of the initial deposit and on the Master account 24%. Thus some transactions on the Slave account were executed at the best prices! Offers to buy my own trading signals were sent to me by number of clients ! What could I do? And once more, PowerTradeCopier (http://multiterminal.net/) products from BJF Trading Group (http://iticsoftware.com/) came to help me ! The fact is - this copier can operate in two modes: 1. Copier-mode - mode to copy(to buy) trading signals, in which we worked until now. 2. Provider-mode - mode to sell trade signals. However, these modes are mutually exclusive. So, I had to buy another copy of the installation, which I launched in Provider-mode by setting as Master account my real account that really was Slave account for another Master account! No any efforts were required from my subscribers as to by what software tools are needed for them to copy my trade signals because PowerTradeCopier incorporates components responsible solely for trade signals copying from a particular provider. Each my subscriber received from me for free this software tool to copy my trades signals! So, I get the interesting scheme that has two sources of income: 1. I have the profit on my own real account as a result of getting trade signals. 2. I have the profit as a result of selling my own trade signals. Since I get trade signals for free, I set monthly fee for my own trade signals supplied at a rate of $ 100. After six months, the number of subscribers to my trading signals exceeded 60, offers keep coming Meanwhile, my trading methods are actively discussed at various forums, my name is always at the hearing, respected traders are listening attentively to my market forecasts, and brokers eager rivalry to invite me to appear in preview trailers So I became famous trader! But thanks to what?

Sergey S. , Ukraine

3d Review
06 December, 2012 Source: http://forexsoftwarereview.net/2012/12/06/mt4-trade-copier-review.aspx Hi everyone. Today I would like to tell you about trade copiers that are used for copying trades from one trade terminal to other MT4 terminal or several MT4 trade terminals at the same time. I have tested a lot of software programs and Id like to tell about disadvantages that I discovered

First disadvantage is that this products works on MT4 scripts or expert advisors. Meaning that you must separately coordinate all terminals, masters and subaccounts, as well as install scripts, expert advisors and add all to graphs. So after all of that is done the system begins to work. You must always keep all of your MT4 terminals operating while working on the computer because in case of an unforced system reload , all system setups will change in your copier system. So youll have to do your work from the start again, such as run terminals and install scripts, which is really uncomfortable. Second disadvantage. These kinds of systems work with big delays. Expert advisor or script always asks for your general account and subaccounts in different periods of time, even in a second. But if you setup a shorter period of requesting accounts, system can hang processor which will lead to the system delay and it works with retention. Its ok if you copy deals with big targets such as 100, 200, 300 points. In that case losing a few points will not lead to a significant loss on your general account, but if you copy a scalping system or from systems with targets of 10 points then even the delay of 0.5 seconds can result in substantial loses on subaccounts. Next disadvantage. I would like to stress upon, is when copying through the internet using ftp server or html page it can be dangerous and trigger bigger delays. These kinds of copiers can be used by non-professional traders for copying accounts with total amount of money around $300-$400, when you can deal with some loses. But if you have many clients and they have big accounts, you can risk to use this kind of system.

System that I liked is professional program that looks and works accordingly. PowerTradeCopier is programed by Canadian company BJF trading Group and I have been using it for one year. Id like to state some important advantages of this system and what benefits it carries along. 1. You do not need to run terminals. You only need to run PTC , enter your account number and invest password for general account (its very convenient and safe). You can use someones account and copy deals from contests where always invest passwords are published or from monitorings. You do not need to run terminals. You just enter information and then enter data of subaccounts (here you need the trade password to open a deal and you do not need to run terminals for subaccounts). In this case, on your computer only one window is opened for all of your accounts and the copying process is immediate and there are no scripts and hidden processes. The order goes really fast to broker. About settings At first, system looks very overload by settings. If you read the manual and refer to support services it should not be complicated to setup your program. For every client there are optimal setups. You can use filters, or any scheme of copying and you can also copy from several master accounts (from 1-st to 2-nd, from 4-th to 5-th subaccounts.) You can make any copy scheme that is really convenient for you. One can use filters and copy market orders ( you can copy adjournment orders or orders when they already done and so on). The main advantage is that the delay is equal to zero. You dont lose money on copier delay so its only a brokers delay.

2. You do not need to run MT4 terminal therefore its really convenient and all your settings will be saved. You just run this software and work with it. This system has a few modules 1-st STP module - its useful for brokers that copy deals with high frequency because this module captures trades at the moment when it has not been sent to a broker yet. Meaning that even before general account open a deal it goes straight to subaccounts and all orders will be opened unless brokers have delays. For example, broker 1 has Execution time 1, Broker 2 has execution time 2 so with Broker 1 you depend on Execution time 1, and with Broker 2 you depend on Executive time 2 and nothing else. But if you copy deals where the delay of few micro seconds is irrelevant, this module is not for you. 2-nd module is FIX API. This module helps to copy deals to Carrenex system or other brokers that use FIX API. It will be useful and convenient for big investors that have accounts on FIX API brokerage companies. The disadvantage of this module is that the broker has to make individual settings for different systems. And I think FIX API is different for every broker. Its not fully convenient. However it is Ok since, if you usually use 1 or 2 brokers the module supports it. I didnt mention that support service is very quick and you can always contact it by e-mail, skype or by phone. Answers are also quick. I believe any answer to your question is received within an hour on the weekdays and it can take up to a few hours on the weekends. Thank you! I recommend this product for people who value and prefer professional products. Video: http://youtu.be/Xt5WvvTmv4A

Kotliarov Aleksandr

4th Rewiew
10 November, 2012 Source: http://Download.com "PowerTradeCopier is the best MT4 copier" Version: MetaTrader MultiTerminal PowerTradeCopie 1.2 Pros the copier interface is very useful and I added several different mt4 accounts without any problems. The software has a number of aspects to it such as filters, parameters and various money managers.I tested this in 4 modes. By this, I mean different lot scaling options. Various orders like buy stop / sell stop, market buy / sell and pending were used on my scalping robot. The PowerTradeCopier worked continuously for 24 hours without a break and following this I compared log statements and files. Compared with all of the other MT4 copiers I have tested, this one was very good even though there were a few small differences between the master and sub accounts which actually didn't even affect the final results. With no latency Cons the copier interface is very useful and I added several different mt4 accounts without any problems. The software has a number of aspects to it such as filters, parameters and various money managers.I tested this in 4 modes. By this, I mean different lot scaling options. Various orders like buy stop / sell stop, market buy / sell and

pending were used on my scalping robot. The PowerTradeCopier worked continuously for 24 hours without a break and following this I compared log statements and files. Compared with all of the other MT4 copiers I have tested, this one was very good even though there were a few small differences between the master and sub accounts which actually didn't even affect the final results. With no latency Summary PowerTradeCopier - mt4 account copier. If you are a forex signal provider, forex broker or forex money manager then this will be of use to you. I became interested in this product as the manufacturer claims that there is no need to start the MT4 terminal. They have also stated that this copier has no delays. Let's take a look at this in detail. Installation It took less than one hour to receive the download link after I purchased the trial version. I had no trouble installing it and it was super quick; less than a minute. The program contains the standard installer and the installation process is very simple. Rated 9 / 10 (I dropped it by 1 point since the installer window does not auto scale). Adjusting and technical description The link with the usage and features description arrived with the download link. The tech description is not so clear but the copier interface is very useful and I added several different mt4 accounts without any problems. The software has a number of aspects to it such as filters, parameters and various money managers. I wanted to run a fairly simple first test using my forex robot so I used a 1:0.5 scaling. Ratings: Documentation 10 / 10 Interface 10 / 10 and Tech Support 10 / 10 P.S Tech support is via phone, skype and e-mail. Copying - different modes I tested this in 4 modes. By this, I mean different lot scaling options. Various orders like buy stop / sell stop, market buy / sell and pending were used on my scalping robot. The PowerTradeCopier worked continuously for 24 hours without a break and following this I compared log statements and files. Compared with all of the other MT4 copiers I have tested, this one was very good even though there were a few small differences between the master and sub accounts which actually didn't even affect the final results. With no latency whatsoever the copying scores 10 / 10 Additional Feature When I tested the filters there were no problems. Additional features: 10/10 Conclusion: The PowerTradeCopier is professional software for money managers, forex brokers and forex signal providers. I scored it a 9.66 / 10 and in my opinion is the best MT4 copier!

Short reviews
Source: http://iticsoftware.com/review/ Urs M., Switzerland "The trade copier works perfectly. It copies trades to all MT4 Brokers without any delay. There are money-management options to every slave account. So one slave account can be traded with a fixed lot size, another slave account can be traded with a percentage risk, there are a bunch of money-management options.... To me as a signal provider; I don`t have to send my EA to my costumers, but send the trades directly to the broker server of the costumer. The tradingplatform of the costumer doesn't have to be online. It is very comfortable to me and to my costumers. The administration of the copier tool is so easy, you don`t have to go through a huge manual. The Support of BJF Trading Group is outstanding; they even logged in into my VPS to set up the copier tool to me. " Andy Stapleton, USA EAFXTRader

"We purchased the internet based copytool software, Boris and crew have been great at figuring out all the issues and problems with running an fast EA with the tool. I can highly recommend IticSoftware and thier tools." Scot A, Missoula, MT "I just want to say PowerTrade Copier multiterminal is AMAZING. I haven't had a copier program that could sync ALL of my accounts without a hitch. You guys have something great here." Tim S, Toronto, ON "This is EXACTLY what each forex signal provider should actually be offering. I'm floored by the functionality and ability. I'm just ... I'm seriously speechless here." Claudio C., Spain "This is the software I was looking for. The iticSoftware is reliably so I can send all signals to my clients with one click and without any delay and the clients dont have to install anything on their PC There is also a very good customer support it I have a problem. I am very happy with this amazing software."

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