How Signal Magician remote trade copier platform work
A technical explanation how Signal Magician copies the trades between MetaTrader 4 accounts located in different parts of the world on the same or different brokers.
Server EA runs on the master MT4 account where you trade manually or use another EA for that. Server EA monitors your master account for new trades and any changes of the existing trades and then sends all this information to the database (SM control panel). This happens every second non-stop with all master accounts you connect to SM.
At the same, Client EA runs on all client MT4 accounts and it connects to the database to download the trade list of a master account. Client EA carefully compares the data with all the trades currently running on the client account and make any necessary changes to make those trades match with the master. In others words, Client EA opens new trades and close or modify existing trades following the master. This also happens every second non-stop with all client accounts connected to the SM.
What you need to operate the Signal Magician software
Step #1: Get the Signal Magician remote trade copier. See Signal Magician pricing here.
Step #2: Rent a dedicated web server or a VPS (you can start as low as $60/month). I'll help you choose the server and take care of its configuration.
Step #3: Setup the Signal Magician on a server. This will be your independent Copy Trading platform and infrastructure. I'll help you set this all up.
Step #4: Connect your main MT4 trading account and your follower’s accounts through Signal Magician. It takes a few minutes.
Step #5: Get subscribers paying you on a recurring basis. As an administrator, you can also add anyone as a client or signal provider manually.
Step #6: Trade main MT4 account(s) for profit or have other traders do it for you while clients copy your trading success.