FX Blue TradeCopy: A Practical Guide To Fast, Reliable Copy Trading on MT4 & MT5
If you’ve been hunting for a simple, fast, and—let’s be honest—budget-friendly way to mirror trades across multiple MetaTrader accounts, FX Blue’s TradeCopy tools are a breath of fresh air. The suite centers around two proven components: the Personal Trade Copier (local, same PC/VPS) and the Internet Trade Mirror (remote, over the internet). Together, they cover most copy-trading setups—prop firm splits, multi-broker diversification, signal distribution to investors, or just keeping your own “master” and “followers” in sync. The magic is the speed and flexibility: near-instant duplication, broad broker compatibility, and fine-grained controls for risk and filtering.
What Is FX Blue TradeCopy?
FX Blue TradeCopy is an umbrella term traders use for FX Blue’s copying solutions:
- Personal Trade Copier (PTC): Copies trades locally between multiple MT4 or MT5 terminals on the same machine/VPS. It’s widely used, fast, and free to register and download.
- Internet Trade Mirror: Sends trades remotely over the internet to other computers—great for sharing signals with clients, copying to team members’ terminals, or distributing across distant servers.
Both support MT4 and MT5, and both let you tweak lot sizing, risk scaling, trade filters, and even invert directions when hedging or contrarian replication makes sense. Copying is almost instant, with practical speed gated mostly by your broker execution and terminal load. FX Blue+1
Why Traders Use It
- Speed & Reliability: Near-instant copy across terminals; proven by a large global user base. FX Blue
- Broker Flexibility: Works with the desktop MT4/MT5 client from virtually any broker setup. FX Blue
- Granular Control: Choose which trades to copy, adjust risk, map symbols, or invert direction. FX Blue+1
- Local & Remote Options: Use the PTC for same-server mirroring; switch to Internet Mirror for remote distribution. FX Blue
- Free Local Copier: The PTC is free after registration, which lowers the barrier to start testing strategies at scale. FX Blue
How FX Blue TradeCopy Works (In Plain English)
1) Local Copying (PTC)
You run a sender EA on your master account and a receiver EA on your follower account(s), all on the same machine or VPS. When the master opens, modifies, or closes a trade, the receiver duplicates that action as fast as your platform/broker allow. You can scale lot sizes, cap exposure, or only copy certain symbols—handy when your follower account is smaller or you only want a subset of strategies. FX Blue
2) Remote Copying (Internet Trade Mirror)
For copying to other computers or client terminals, the sending terminal broadcasts trades to FX Blue’s mirror service, and receivers subscribe with their chosen risk and filtering. This is perfect when your investors are on their own VPS or when you manage a distributed team. FX Blue
Core Features You’ll Actually Use
- Risk Multiplier & Lot Scaling: Mirror 1:1, multiply by a factor, or use balance/percent-based sizing. FX Blue
- Direction Inversion: Flip buys to sells (and vice-versa) to hedge or run a contrarian follower. FX Blue+1
- Selective Copying: Filter by symbol, magic number, or trade type to keep only the strategies you want. FX Blue
- Symbol Mapping: Align broker symbol differences (e.g.,
XAUUSDvsXAUUSD.a) so followers still receive valid orders. (Common in multi-broker setups.) FX Blue - Trade Management Sync: Opens, modifications, and closes on master replicate to followers almost instantly. FX Blue
- Local & Remote Coverage: PTC for same machine; Internet Mirror for internet-based distribution. FX Blue
- MT4 & MT5 Support: Use the MT4 EA for MT4, and the MT5 EA for MT5—mix and match across platforms as needed. FX Blue
Typical Use Cases
- Prop Firm Split: Mirror your master to a prop account with tighter risk caps and partial symbols.
- Investor Distribution: Broadcast your trades via the Internet Trade Mirror to paying subscribers. FX Blue
- Multi-Broker Diversification: Run mirrors across different brokers to compare fills and spreads.
- Personal Strategy Segmentation: Copy only certain magics or symbols from a master “basket” to curated follower accounts.
Step-By-Step: Getting Started (MT4/MT5)
- Install MetaTrader terminals for each account you plan to use (master and followers).
- Download & Register:
- Local PTC if all terminals are on the same VPS/PC
- Internet Trade Mirror if you’re copying over the internet.
3. Attach the Sender EA on the master chart (any symbol/timeframe works for the copier itself).
4. Attach the Receiver EA to each follower terminal.
5. Configure Risk/Filters: Set your lot multiplier, max risk, allowed symbols, and (if needed) symbol mapping for broker suffixes/prefixes.
6. Test On Demo: Open a small test trade on the master and confirm the follower(s) mirror entries, modifications, and closures correctly.
7. Go Live Carefully: Start with reduced sizing; watch slippage and execution—especially during news.
Best Practices & Pro Tips
- Keep Terminals Light: Fewer heavy indicators/EAs on follower terminals = faster reaction time.
- VPS Quality Matters: For the PTC, low CPU/RAM contention helps. For remote mirroring, stable connectivity is crucial.
- Broker Symbol Nuances: Always double-check symbol mapping, especially for metals (XAU, XAG) and exotics with suffixes.
- Match Account Types: Hedging vs. netting (in MT5) can affect how positions display/offset; ensure followers behave as intended.
- Risk Caps: Use max lot size or equity-based caps so a master spike doesn’t over-gear a small follower.
- Invert When Needed: If you’re intentionally running an inverse-correlated strategy, use direction inversion to automate it.
Local vs. Remote: Which Should You Choose?
- Choose Local (PTC) if: all accounts run on one VPS/PC; you want the simplest, free setup with minimal moving parts.
- Choose Remote (Internet Mirror) if: your clients or additional accounts are on different machines or in different regions, and you need to broadcast signals over the internet.
Many traders actually combine both: they fan‐out locally to multiple accounts on the same VPS first, then feed a remote mirror for external subscribers. This reduces bandwidth and keeps the “edge” close to the broker engine.
Is It Really Free?
The Personal Trade Copier is free to download after registration. That makes it perfect for testing and for solo traders who only need same-machine copying. For internet-based distribution, use the Internet Trade Mirror service—FX Blue provides sender/receiver tools plus guides to get you running quickly. Always check the latest details on the official pages in case terms or versions change.
Troubleshooting
- No Trades Copying? Confirm EAs are allowed to trade, AutoTrading is on, and the master actually opened a position.
- Symbol Not Found: Configure symbol mapping on the receiver (e.g., map
XAUUSD→XAUUSD.m). - Partial Fills/Slippage: Tighten filters, increase max slippage if appropriate, or choose a lower-latency VPS/broker.
- MT5 Netting Oddities: If a follower is netting, multiple entries may consolidate—test behavior in demo first.
- Log Files: Check Experts and Journal tabs for clear error messages; FX Blue’s guides and community videos help you decode common errors quickly.
Final Word
FX Blue’s TradeCopy stack nails the essentials: speed, flexibility, and ease of use. Whether you’re splitting risk across brokers or serving paying subscribers, you’ll appreciate how quickly it mirrors positions and how granular the controls are. Start locally with the free PTC, prove your workflow, then level up to Internet Trade Mirror for remote distribution—simple, scalable, and battle-tested.
Join our Telegram for the latest updates and support
Comments
Leave a Comment