MetaTrader is a popular trading platform used by many traders around the world. One of the key features of the platform is the ability to copy trades from one account to another. This feature is particularly useful for traders who want to automate their trading strategies or who want to follow the trades of successful traders.
In this article, we will discuss how to copy orders from MetaTrader.
Step 1: Enable the AutoTrading Feature
Before you can start copying orders, you need to enable the AutoTrading feature in MetaTrader. To do this, simply click on the "AutoTrading" button located at the top of the platform. Once you have enabled this feature, you will be able to copy orders.
Step 2: Choose the Master Account
Next, you need to choose the master account from which you want to copy trades. This account will be the one that generates the trades that you want to copy. To do this, go to the "Tools" menu and select "Options". Then, click on the "Expert Advisors" tab and make sure the "Allow Live Trading" box is checked. After that, select the master account from the list of available accounts.
Step 3: Choose the Slave Account
After selecting the master account, you need to choose the slave account to which you want to copy the trades. This account will be the one that receives the trades. To do this, go to the "Navigator" window and find the "Expert Advisors" tab. Then, right-click on the tab and select "Attach to Chart". You will then be asked to choose the slave account from the list of available accounts.
Step 4: Set Up the Copying Parameters
Once you have chosen the master and slave accounts, you need to set up the copying parameters. This includes the lot size, stop loss, take profit, and other trade settings. To do this, go to the "Expert Advisors" tab and click on the "Properties" button. From there, you can set up the parameters according to your trading strategy.
Step 5: Start Copying Orders
Finally, you are ready to start copying orders. To do this, simply click on the "Expert Advisors" button located at the top of the platform. This will activate the Expert Advisor and start copying the trades from the master account to the slave account.
In conclusion, copying orders from MetaTrader is a simple process that can be done in just a few steps. By following these steps, you can automate your trading strategies or follow the trades of successful traders with ease. However, it is important to note that copying trades comes with its own risks and should be done with caution. Always do your own research and make informed decisions when it comes to trading.
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