Copy trading

Copy Trading is a popular trend in financial markets. It allows one user, called the Copier, to automatically replicate the trades of another user, known as the Trader. This way, copiers can benefit from the expertise of experienced traders without making all the trading decisions themselves.

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Copy trading is available only for Options. For copy trading on MT5, use MetaQuotes Signals.

Becoming a trader

To allow others to copy your trades:

1. Enable copying: Set the allow_copiers option via the set settings call. This setting allows other users to copy your trades.

2. Create an API token: Generate a read-only API token and share it with potential copiers. This token lets them track your trades without making any changes.

3. Track your performance: With allow_copiers enabled, the copytrading statistics call becomes available. This API provides stats on your trading performance, giving potential copiers insight into your trading history.

Becoming a copier

To start copying a Trader’s actions:

1. Start copying: Use the copy start call to begin copying a trader’s moves.

2. Stop copying: If you want to stop copying trades, simply use the copy stop call.

By following these steps, you can easily participate in copy trading, whether you want to be a Copier or a Trader!