Forex copy trading for MT4 and MT5

How copying a currency pair works

When the source opens a position, our connector sees it within milliseconds. The copier then finds the matching symbol on your broker, calculates your lot size, checks your filters (direction, time window, news pause, maximum open trades) and sends a market order to your account. From that moment the two positions are linked: if the source closes half, moves its stop or closes the rest, the same happens on your account.

Pending orders work the same way. A buy limit or sell stop on the source is placed on your account before it fills, and modified or cancelled along with it. You can turn pending-order copying off per copier if you only want filled positions.

Your order fills at your broker's price, not the source's. The difference is the spread on your account plus whatever the market moved during the round trip. Every copied trade has its latency recorded in History, so you can see the gap rather than guess it.

Pips, contract sizes and what one lot is worth

A standard lot is 100,000 units of the base currency, so one pip on a USD-quoted pair is worth $10 per lot. On pairs quoted in another currency the pip is worth 10 units of that currency, which then converts to your account currency. That is why a 20-pip stop costs a different dollar amount on EURUSD, USDJPY and EURGBP.

Stops and targets are copied as prices, not as pip distances, so the JPY-pair pip size never needs converting. If you want the stop distance to be identical despite a different entry price, turn on spread adjustment, which shifts SL and TP by the entry difference. To put money on a pip, use the pip value calculator.

Sessions, rollover and spread spikes

Liquidity is not flat through the day, and copied trades pay whatever spread your broker shows at the moment of entry.

If your source scalps through rollover, a time filter that skips new entries around 21:45–22:30 UTC can save more than any broker switch. The news filter pauses new entries around high-impact releases such as NFP, CPI and central-bank decisions, while still managing trades that are already open.

Broker suffixes on currency pairs

Brokers decorate pair names with account-type suffixes: EURUSD.m, EURUSDm, EURUSD+, EURUSD.pro, EURUSD.ecn. The copier first looks for an exact name, then strips known suffixes and matches the underlying pair, preferring the same base name over variants like EURUSDmicro.

Map a pair by hand only when your broker lists the same pair twice on one account (for example EURUSD and EURUSD.raw) and you want a specific one. A pair that cannot be matched is never guessed: the copy is skipped and History tells you which symbol needs a mapping. More in symbol mapping and broker suffixes.

Sizing forex trades for a different balance

The default mode, risk by balance, scales the source lot by the ratio of balances: a $50,000 source opening 1.00 lot becomes 0.20 on a $10,000 account and 0.05 on $2,500. Risk by equity does the same with equity. Lot multiplier and fixed lot ignore balances. Risk percent sizes from the stop distance, which suits signal channels that never mention lots.

Balance ratios compare raw numbers without currency conversion. If the source is in USD and your account is in EUR or GBP, or one of the accounts is a cent account, use a lot multiplier or fixed lot instead. The lot sizing modes guide walks through each mode with numbers, and the lot size calculator does the risk-percent maths for any pair.

Risk notes specific to forex

• Correlation. Long EURUSD, long GBPUSD and short USDCHF are three trades but roughly one bet against the dollar. A source that stacks correlated pairs can lose on all of them at once; maximum open trades caps the stack.
• Leverage. High leverage lets a small account open large positions, which also means a small move can wipe out a large share of it. Sizing, not leverage, decides your risk.
• Weekend gaps. Positions held over the weekend can open on Monday beyond their stop. A stop limits loss in normal conditions, not in a gap.
• FIFO accounts. Accounts at US brokers must close positions in first-in, first-out order and cannot hold opposite positions on one pair. A hedging source copied into a FIFO account will see rejections.
• Drawdown protection. An EquityShield rule on your account can alert you, pause copiers or close everything when equity crosses a line you choose. See drawdown protection.