The FX Blue Internet Trade Mirror copies trades between different computers, over the internet. Trades are duplicated between MetaTrader 4 accounts running on different computers. Senders can control which trades are broadcast. Receivers can control which trades are copied, and can change the lot sizing and risk settings.
Mirror trading can help prevent investors from making emotion-based trading decisions as trades are done automatically.
To send trades to subscribers using the Trade Mirror:
As a sender of signals, you are responsible for providing support to other people who are using the Trade Mirror to copy your trades.
Once the sender EA is installed and configured, it will start to broadcast "heartbeat" messages to the subscribers, and to send signals whenever trades are opened or closed. For information about configuring which trades are broadcast, please see the user guide which is supplied with the sender EA.
You can add existing FX Blue accounts to your list of subscribers in the Trade Mirror, or you can send invitations to new users by email.
When someone receives an invitation from you, they click on a link in the email and create an account with FX Blue. Their account is then automatically added to your list of subscribers.
The Trade Mirror has a limit of 100 subscribers. For an increased limit, or for a version of the Mirror which runs from your own server and does not require registration with FX Blue, please contact us.
If you have an invitation code from a signal sender, please click here to enter the code and create a new FX Blue account.
To receive trades from a sender through the Trade Mirror:
Once the receiver EA is installed and configured, it will start to receive "heartbeat" messages from the sender and to copy new trades. If you are subscribing to trades from more than one sender, you need to run a separate instance of the receiver EA for each sender (each on its own separate chart in MT4).
For information about configuring risk settings etc, please see the user guide which is supplied with the receiver EA.
For any further help, please contact the FX Blue user who is sending the signals.
The speed of trade copying depends almost entirely on the latency to FX Blue's servers and the latency to the broker. In other words, it depends on your geographical location and the speed of light.
By default, the lot sizing in receiver accounts is adjusted based on their equity relative to the sender's. For example, if the sender has a $4000 account and the receiver has a $2000 account, then the receiver will trade half the lot size of the sender. However, the receiver can alter the lot sizing to increase or decrease risk, and can also override the stop-loss on trades.
The Internet Trade Mirror automatically adjusts between 2DP/4DP and 3DP/5DP brokers, and between different symbol names such as EURUSD and EURUSDcx. The receiver can also control how much slippage is acceptable relative to the sender's entry price.
For more information about configuring the sender and receiver EAs, please see the online user guides, or the PDF documents which are supplied with the EAs.