Discover how to copy trade with MetaTrader4 (MT4) – leveraging cutting-edge signals, bots, and expert advisors (EAs). No stranger to groundbreaking industry trends, MT4 copy & mirror trading has gained serious popularity across forex and CFD markets. These opportunities empower traders to leverage proven strategies and profitable transactions – available directly through their preferred platform ecosystem.
> As an MT4 FX or CFD trader yourself, learn how to execute automated strategies, manage diverse order processing methods, implement copy-based strategies, and maximize profits.
Read on to learn about copy trading with MT4 signals, bots, and EA tools.
Sign Up For A Trading Account
To get started with a MT4 copy trading setup, you must sign up for a broker account. Ideally, choose a broker that offers the Metrader4 platform. The best brokers are supported by ZuluTrade, TradingView or DupliTrade. Additionally, you can reach out to our team for the latest broker bonuses, offers and integrations available. The MT4 broker should support your Windows/Mac desktop, WebTrader or mobile device. For more advanced MT4 trade copiers, you may need a virtual private server (VPS). Once the broker account is setup, login into the MT4 platform with your broker account. If you want to copy trade multiple accounts on MetaTrader4, then you will need a master account for the others to copy. For example, you can setup:
- 1 Master Account, 4 Copy Accounts
- 1 Demo Account, 2 Copy Accounts Live
- 1 Live Account, 1 Copy Account
- 4 Copy Accounts For Various Signals
Of course, you can setup a variety of copy structures to pull signals from telegram, TradingView, EAs and more. Sign up for a new trading account that supports your desired master account source.
How To Enable EA Copy Trading In MT4
Next, learn how to enable Expert Advisor (EA) bot to copy trade successfully in MetaTrader 4. To start copy trading across many MT4 accounts or one-to-one accounts, one of the most convenient and efficient ways an Expert Advisor bot. Save time and focus on market price changes instead of opening trades manually in the MT4 platform. Now, activate your EA within your MT4 platform. To do that, follow these simple steps to start copy trading between as many MT4 platforms you want.
- Install your EA bot locally on your PC.
- Link your EA to any Chart and Enable the Expert Advisor on MT4 terminal. To activate it, right-click on the EA in the navigation window and select “Attach to chart”.
- Activate your EA on MT4 Terminal live Trading. Enable the Autotrading mode by clicking on the “AutoTrading” button in the toolbar above.
- Copy trade your first trade using your EA. Set a Buy Limit order, and it will get copied to the client account immediately.
- Set the EA risk management parameters. Establish the position size of the copied trades. You can also set the Auto-allocation of a lots size according to account size differences, fixed lot size, lot multiplier, a fixed percent equity risk, and a fixed $ equity risk.
Copy trading with an EA integration is simple and a cutting-edge process you can perform across multiple brokers. Surely, activating your EA bot in MetaTrader 4 platform allows you to maximize your copy trading strategy.
Copy Trade Using MetaTrader4 Signals
With MetaTrader4 signals, you can copy other trades automatically. The signals are provide by traders either publicly for free or as low as $30 USD. You can assess the copy trader’s strategy based on growth, profitability, reliability and followers. In the MT4 signals tab, you can choose providers that match your performance goals and risk mitigation parameters. Additionally, you can try out the signals on:
- Demo Copy Trading Accounts
- Live MT4 Trading Accounts
- Advanced Professional Accounts
In the MT4 platform, connect your broker account and you’ll receive additional specified signals that are best for your account. Carefully review the reports and warnings associated with each signal author or name. Depending on the leverage, margin, and algorithms used, you could lose all of your capital. Certainly, manage your signal subscriptions to directly copy trade in MT4.
Connect MT4 To ZuluTrade Copy Trading Platform
To copy trade on MT4 to ZuluTrade, sign up with a ZuluTrade supported broker. Within the ZuluTrade platform, you can connect your trading account. For non-supported brokers with MT4, you have the options to provide the broker’s IP, username and password under “Other Brokers.” Once you have your MT4 account setup, you can manage everything from your dashboard including:
- Accounts
- Leaders
- Active Trades
Once you are copying trades from ZuluTrade to MT4, your broker account will execute. You can monitor your pending, open and closed orders. Additionally, you can follow multiple accounts and update your strategy based on the copy ratio, investment amount or take profit amount. Certainly, connecting MT4 to ZuluTrade opens up many options to follow other successful traders.
Copy Trades From TradingView To MT4
For TradingView MT4 account users, you have several supported brokers to send copy signals directly to your account. Brokers that are directly supported by TradingView can receive and copy signals created by your TV account. For brokers not supported on TradingView, you can use a trade copier software. These copiers allow you to copy trades from TradingView to MT4, MT5, and other trading terminals. Using this strategy, you can integrate TradingView into other brokers like IC Markets, AvaTrade, and Interactive Brokers. Remember, your broker account must meet one of the following conditions:
- Supported by MT4/MT5, cTrader, or Trading Terminal with API connection
- Supported directly by TradingView platforms
- Supported by live or demo accounts
- Supported for EA, algo, bot, or automated trading
As long as your broker supports some of these points, you can use a variety of trade copier tools to send alerts from TV to MT4 instantly. Surely, checkout how to connect IC Markets to TradingView to start copying charts seamlessly on MT4, MT5, and cTrader platforms.
Send Copy Trade Signals From MT4 Tradingview To Telegram
Moreover, learn how to send copy trading signal alerts from MT4-TradingView to Telegram. To send the signal alert to a telegram channel, you need to use WebHook. There are some other ways to do it, but they require coding or any fee; however, this method is one of the best with no coding experience required. Follow these simple steps:
- Create a Telegram Channel or Group.
- Create a Telegram Bot on Telegram. First, search “BotFather” — Start — /newbot. Then name the bot, selecting a username ending in “-bot”. Finally, copy the API token.
- Link your BOT to the Telegram Channel. Go to Channel Settings — Manage Channel — Administrators. Then add the bot as an admin and restrict all permissions except messaging.
- Test Telegram API. Use this link in your browser and replace <API_TOKEN>, <CHANNEL_NAME>, and <MESSAGE>. Then, click on Test the message.
- Set up TradingView Alerts. Create an alert in TradingView, add a webhook URL. Use the webhook to send a POST request to the Telegram API. After that, format the message dynamically for trading data.
- Test the whole process finally. Trigger an alert in TradingView. Then, verify the message in Telegram. In addition, adjust the settings as needed.
Note that you are required to have a plan in TradingView like Pro, Pro+, or Premium for using webhooks. Indeed, sending copy trading alerts will keep your Telegram community posted on the best updated signals.
