Introduction
The trading robot Copy Cats Trade Copier MT4 has garnered attention within the trading community, particularly for users seeking seamless copying of trades from one MetaTrader 4 (MT4) account to another. In this review, we will compare this robot against one of the EASY Trading Team’s robots - EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. We will delve into user feedback, highlighting the positives and negatives, and discuss the optimal conditions for using Copy Cats Trade Copier MT4.
Comparison with EASY Robot
When comparing Copy Cats Trade Copier MT4 with one of the EASY Trading robots, it's clear there are significant differences in functionality, reliability, and profitability. For this comparison, let’s consider EASY Trendopedia:
Copy Cats Trade Copier MT4:
- Main Functionality: Primarily designed for copying trades between MT4 accounts.
- Reliability: Mixed user feedback, with concerns about handling multiple positions and closing unplanned trades.
- Profitability: Dependent on the strategies of the master account being copied.
EASY Trendopedia:
- Main Functionality: Advanced trend-following algorithm with built-in risk management.
- Reliability: Consistently positive feedback with robust handling of diverse market conditions.
- Profitability: Proven track record with detailed performance metrics available on the EASY Trading Team’s website.
For traders looking for a more reliable and profitable trading robot, EASY Trendopedia often proves to be a superior choice.
Pros and Cons
Copy Cats Trade Copier MT4:
Pros:
- Effective for copying trades from a master account.
- Responsive customer support.
- Simple and user-friendly interface.
Cons:
- Issues with opening multiple positions simultaneously on slave accounts.
- Potential for unplanned trade closures when copying to multiple slave accounts.
- Mixed reliability based on user reviews.
EASY Trendopedia:
Pros:
- Robust trend-following capabilities.
- High reliability and excellent feedback from users.
- Comprehensive risk management features.
- Consistently profitable.
Cons:
- Requires a deeper understanding of trend-following strategies for optimal results.
- Slightly higher initial setup complexity compared to simple trade copiers.
Optimal Conditions for Using Copy Cats Trade Copier MT4
Copy Cats Trade Copier MT4 works best in scenarios where a trader needs to duplicate trades across multiple accounts with minimal intervention. It is particularly effective if:
- You are following a master trader with a tested strategy.
- You require a basic trade copying solution without advanced functionalities.
- You are managing a small number of slave accounts to avoid issues with multiple positions and unplanned closures.
Source Code of Copy Cats Trade Copier MT4
We do not have access to the actual source code of Copy Cats Trade Copier MT4 as sold on MQL5. However, based on its description, the EASY Trading Team can create a similar trade copier algorithm. If you have any questions about the code, feel free to ask on easytradingforum.com. Note that the EASY Trading Team does not sell Copy Cats Trade Copier MT4 but has developed this code based on the available description.
Code:
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For more detailed statistics and information, visit this link. The EASY Trading Team encourages users to share their experiences and feedback on the forum to help others make informed decisions.