We are proud to introduce our new product – Mirror Trading. This product is ideal if you have multiple trading accounts using MT4 or MT5 and want to mirror the same trades to all of your accounts.
What is Mirror Trading?
Mirror trading is when you copy trades from one trading account (called a master account) to other trading accounts (called sub accounts) with the exact same SL and TP. When a trade is executed on the master account then, within 1-2 seconds, the sub accounts will make the exact same trade. If the master account adjusts SL or TP on an open or pending trade, the sub accounts will follow the same modification. Each interaction in the master account is directly copied to the sub accounts. This makes it easy to manage the same trade on multiple trading accounts and get the same entry on all of them. With our new product, there is no limit to how many sub accounts you can connect to your master account.
For each sub account it’s possible to set the lot size to be a fixed lot size, a percentage of the trading account balance, or just follow the lot size from the master account.
The master account and sub accounts will need to run an EA on a chart so our software can mirror the trades. The MetaTrader terminal will need to be online to execute the trades. Unlike other similar tools, we do NOT request your password to your trading account to mirror trades.
We have made a short preview of what Mirror Trading is and how it works. Watch it here
Who can benefit from Mirror Trading?
Traders with followers
If you are a trader and communicate your trades to your followers, you will be able to offer the mirror service to your followers so they can mirror your trades instantly. This will make it hands-free for them so they don’t miss any trades or important modifications to the trades.
If you are a signal provider and want to offer an extra service, this is a great tool to make sure your subscribers can follow your trades quick and easy.
You can also use Mirror Trading if you have multiple trading accounts and don’t want the hassle of making the same trade on all of them each time.
If you have any questions or suggestions don’t hold back! We are always happy to help and improve Cordly. Feel free to reach out to us at firstname.lastname@example.org or on Telegram
The Cordly Team
*Cordly.io does not offer financial advice, sell any financial products, or encourage to invest in specific assets or instruments.
Cordly.io is a software provider whose only purpose is to function as a bridge. Using the software is at your own risk and we always recommend trying it out in a demo account before using it on a live trading account.
Trading foreign exchange and other financial products on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objective, your level of experience and your risk appetite. There is a possibility that you may lose your initial investment.
We encourage the users of our service to frequently monitor the EA to prevent losses or any lost profits.*