The types of people that will find this useful will be forex brokers, forex signal providers and forex money managers. If the manufacturer claims that you don’t need to start the MT4 terminal then you are going to be interested and I was! Additionally the manufacturers claims that this is a copier that suffers no delays while working. So let’s go through it all.
Less than one hour after having bought the trial version I received the download link. Installation took me one minute and I did not face any difficulties. The standard installer comes with the program and the process for installing it could not be easier. Rated 9 / 10 (I dropped it by 1 point since the installer window does not auto scale).
Adjusting and technical description
Together with the download link, I have received the link on usage and features description. What I liked was the usefulness of the interface and the ease with which I could add several various MT4 accounts although the technical description needs to be clearer.
The software contains lots of features; different money management, filters and parameters. I used a simple lot with a 1:0.5 scale for my first test and ran it on my forex robot.
Interface: Rated 10 / 10 Documentation: 9/10 Tech support: 10/10
You have additional tech support options over the phone, email or skype.
Copying – different modes
I used 4 modes to test this. By this, I mean different lot scaling options. I used a scalping robot with different types of orders (market buy/sell, pending, buy stop/sell stop). I could let the PowerTradeCopier work solidly over a 24 hour period after which I compared the log files and statements. There were a few small differences in the orders between the sub and master accounts yet against the other MT4 copiers I have tested these differences had no impact on the final results. Copying scores a 10 / 10 and there is no delay.
I had no issues when I tested the filters. Additional features: 10/10
Conclusion: This PowerTradeCopier is professional software for forex signal providers, money managers and forex brokers. With a score of 9.66 out of 10 I believe it is the best MT4 copier.
James Lee, Software Engineer, UK