EES Trade Replicator for Meta Trader 4

EES trade copier package is currently available in 3 options, each with its own pros and cons. Here is a summary of how the 3 options work for so that you can make your own decision on which software to use in your personal and commercial tradings.

Options A and B – MT4 terminal to external server to MT4 terminal

The master or trading terminal sends trading signals to the server. The remote slave terminals will regularly poll the server for new trading signals to buy, sell, close, modify and delete orders. If a new signal is found, the slave or client terminal will send that same order to his/her own broker, thus copying the trade of the master terminal. Options a and b works in the same way as the figure above. They, however differ on how the trading signals are being sent. Option a’s sender code is hard coded in the Master EA and so the EA will send signals to the server almost at the same time as it is sending orders to the broker. Option b’s sender code is encoded on a separate sender EA which is attached to a separate chart on the Master terminal. This sender EA checks the broker for new orders regularly and if a new signal is found, it will send this signal to the server. Sender EA is controlled by a timer and so sending of signal to the server might be delayed by a second or two. Our tests, however, shows that this delay does not affect overall trade copying performance. Theoretically, option a should be faster than option b but it requires additional EA encoding. Our tests showed acceptable results, for both copiers, with copy
trades slipping** by only 1 to 2 pips during high volatility periods.

Option c – MT4 terminal to MT4 terminal

Mt4 Master Main terminal, running on master computer, is logged in the broker server with master account number and password. Mt4 Master Sub Terminal, running on remote slave computer, is logged in the broker server with master account number and investor(read only) password. Another Mt4 terminal, slave terminal, is running on the slave computer. The Mt4 Sub terminal sees all the trades that the Master Main terminal is doing and this is the signal that is being sent to the Slave terminal. Slave terminal simply polls Master Sub Terminal at regular interval and if a new order signal is found, that order will be sent to the slave terminal’s broker for processing, thus copying the trade of the Master Sub and Master Main terminals. This is the more popular option, for both commercial senders and their subscribers. For signal senders, it does not need another external server to operate and no setup is required to send signals to remote computers (subscribers). You only need to give your Master terminal’s account number and investor or read only  password. For subscribers, they simply like to see what they are copying and they can do this in the Master Sub Terminal window. Like options a and b, option c tests showed acceptable results with copy trades slipping** by only 1 to 2 pips during high volatility periods.

**Slipping means - the slave terminal did not catch the master terminal’s open order price in which case the slave’s opening price will be different from the master.

The EES Trade Replicator is available in the EES FX Elite Subscription for only $99/month - click here to subscribe.