How To Copy PMTW Trades Using MQL5 Signals
From the desk of Edward Lomax,
RE: Copying my trades automatically using MQL5 Signals
PMTW Trade Copy is an excellent passive income option for people who want to earn from the financial markets, but don’t have the time or trading knowledge to place and manage trades on their own.
Simply hook your account up to mine with the power of technology… and everything I do in my account is copied by your account on autopilot. This is a true set-and-forget, passive income solution for investors looking for higher than average potential profits.
PMTW Trade Copy using MQL5 Signals allows you to copy all the trading activity in my Forex signals accounts on autopilot directly through the Metatrader4 trading platform.
Let’s go over everything you need to know…
PMTW Accounts Available For Copying
All the Forex signals available for manual trading inside PMTW Full Access Pass are also available for PMTW Trade Copy. There are two types of signals available…
FSBO Partial Profits Signals
Each account trades one currency pair using a Partial Profits trade management strategy. You can pick which account you want to follow, or set up separate accounts for each to create multiple income streams.
FSBO Single Target Signals
All currency pairs are trades on the same account as a portfolio using a Single Target trade management strategy. You can choose this option to get all the trades on one account, or add another income stream by setting up a separate account.
PMTW Trade Copy Costs
(No Commissions)
Using this trade copy method, there are no commission fees charged for copying my trades. You don’t even need to be a subscriber to PMTW Full Access Pass. I’m compensated by a low monthly fee of $30 for each account you want to copy (less than $1 a day).
Here is how I suggest you look at it…
Each of your trade copy accounts should be looked at as an independent Forex business. You set up the business and fund it, then I run the business for you. Basically, after you set the account up to copy my trades… there is nothing more for you to do.
I take care of all the trading decisions:
- When to place a BUY or SELL trade
- Where to place the initial stop loss and take profit targets
- When to move the stop loss to Breakeven +2 Pips
- When to take partial profits (if following a Partial Profits account)
- When to move the stop loss to lock in profits
- If and when to manually close the trade
And for compensation for all my work, you pay about $1 a day.
My fee is $30 a month per account copied.
That means I completely run your Forex business for a flat fee, and you keep 100% of the profits.
This is a 100% hands off, set-and-forget, passive income solution.
Everything is done for you behind the scenes:
- You DON’T need to download and install a trading platform
- You DON’T need to learn how to install indicators and templates
- You DON'T need to learn how to use scripts or place trades with the proper lot size
- You DON’T need to learn how to use trade management tools
- You DON’T need a Virtual Private Server to keep your platforms connected to the Internet
- You DON’T need to monitor your charts, not even once a day
- You DON’T need to receive signal emails or Telegram messages and manually perform trading activities.
Basically, you set everything up once, and then go about your busy lives. Everything is taken care of for you on autopilot, behind the scenes.
Plus, you have complete control over your money at all times. You can stop the trade copying at any time, make withdrawals, etc. Your money remains in YOUR account, under YOUR control.
So, if you’ve recognized the high profit potential Forex trading provides, but don’t have the time to manually place and manage trades, or simply don’t have the desire to learn how to set everything up and perform the trading actions… PMTW Trade Copy can simplify everything for you.
How To Copy My Trades On Autopilot
Using MQL5 Signals
Getting started with PMTW Trade Copy is extremely easy.
Step 1: Get An Account At MQL5.com
The signal copying through the Metatrader4 platform is made possible by the MQL5 Community. Therefore, you need to Sign Up For A Free Account.
Step 2: Fund Your MQL5 Community Account
Payment for your subscription is done through the MQL5 Community website. Therefore, you need to fund your MQL5 account first, because that is where the fees are taken from.
There are many funding options, including Visa, MasterCard and PayPal as well as many others.
You can learn more about funding your account here: Payments And Payment Methods
NOTE: Since your subscription fee is taken from the funds in your MQL5 account, make sure it is topped up to avoid interruption in the trade copying.
Step 3: Open And Fund A Broker Account
In order to have the signals copied automatically to your Metatrader4 platform, you need to open and fund an account with a broker that provides the MT4 trading platform. (Most brokers offer MT4).
You can use any broker you want, as long as they provide MT4. I recommend the following broker, but you can use the one that best meets your needs.
IMPORTANT: Since some of the accounts use a Partial Profits trade management strategy, your accounts need to place trades with a minimum 0.02 lot size. Therefore, it is recommended to fund your trading accounts with at least $500 (or more).
In order for the trades to be copied your Metatrader4 platform must be running and connected to the Internet. The best way to do this is by using a Virtual Private Server. This is the one I recommend:
Step 3: Setting Up The Trade Copying
There are two ways you can subscribe to the signals… from the MQL5 website or directly from the Metatrader4 platform. You can see detailed instructions for each method here: How To Subscribe To Trading Signals
NOTE: Years ago, we set up our MQL5 account in my wife’s name. Therefore, the name on the signals is Carolina Livio. But these are the PMTW signals.
When confirming your subscription, you want to copy my signals as closely as possible. Therefore, it is recommended to use these settings:
- Agree to the terms of use
- Enable real time signal subscription
- Copy stop loss and take profit levels. (You want to use the same as the signal)
- Synchronize positions
- I would increase the % of deposit to 10%
- You decide at what equity you would want the trade copy to stop
- I would increase the Deviation/Slippage to 5 to make sure you get the trades.
Here are links to each of the accounts on the MQL5 website.
Subscription Conditions
To keep things simple, the subscription conditions for all PMTW Trade Copy accounts are the same:
Monthly fee: $30 (around $1 a day)
I recommend copying my accounts exactly as I trade them. This means each investment account should follow ONE of my accounts, only place the trades for that account and use my money management.
NOTE: If you want to set up multiple income streams and follow more of my accounts, simply open and fund separate trading accounts and go through the above process for each account you want to copy.
That’s it. One you set up your subscription, there is nothing more for you to do. Whenever I do something on my account, it will be copied to your account… 100% on autopilot.
Recommendations For Copying
PMTW Trades Using CopyFX
PMTW Trade Copy using MQL5 Signals is an excellent way to copy my trading accounts and benefit from high profit potential Forex trading. Once set up, everything is taken care of for you. I have no doubt you’ll be very excited as you go through the steps yourself.
But once you do, it is time to relax, calm down and prepare for the long term.
My trading approach is strategically designed to be profitable over the long term with the potential to greatly outperform other investment opportunities. I methodically trade the Daily time frames looking for the best setups on my chosen currency pairs.
So, be patient. Commit to the long term.
Here are links to each of the accounts on the MQL5 website.
To Your Wealth,
Edward Lomax
If you would rather copy my trades with no upfront costs, you can do so on commission at RoboForex (provided you can open an account there). To learn more, go to: How To Copy PMTW Trades Using CopyFX.
You can also copy my signals manually through PMTW Full Access Pass.