The MetaTrader to Interactive Brokers Order Copier is a Windows-based software application that automatically transfers all types of orders from a MetaTrader 4/5 account to an Interactive Brokers account. These include orders inputted manually, through scripts, or via Expert Advisors. This copier supports both demo and live accounts in MetaTrader and Interactive Brokers, including Financial Advisor accounts. It offers various ways of scaling the size of orders, flexible linking between MetaTrader symbols and Interactive Brokers contracts, symbol filters, order type filters, and many more. This tool will let traders use MetaTrader’s interface while taking advantage of the competitive pricing and execution speeds offered by Interactive Brokers.
Integrating MetaTrader 4/5 with Interactive Brokers (IBKR) can significantly enhance your trading experience by combining MetaTrader’s user-friendly interface with IBKR’s competitive pricing and execution speeds. The MetaTrader to Interactive Brokers Order Copier is a Windows-based software that automates the transfer of all types of orders from your MetaTrader account to your IBKR account, including orders placed manually, via scripts, or through Expert Advisors.
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Key Features:
Order Support: The copier supports all types of orders so that any trade executed on MetaTrader is copied precisely to IBKR.
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Flexible Account Compatibility: It works with both demo and live accounts, either on MetaTrader or IBKR, including Financial Advisor accounts. This makes it flexible for a wide range of trading scenarios.
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Order Scaling Options: The software supports a few ways of scaling order sizes, thus allowing for the adjustment of trade volumes between platforms according to your strategy.
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Symbol Mapping: Flexible linking between MetaTrader symbols and IBKR contracts ensures correct execution on the right instruments.
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Additional Filters: Symbol filters and order type filters are further features that allow for greater customization to suit your trading preferences.
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Advantages:
Improved Efficiency in Trading: It reduces manual interference in order transfers, hence minimizing errors and saving time.
Cost Optimization: By leveraging the competitive pricing of IBKR, you can potentially reduce trading costs compared to traditional MetaTrader brokers.
Seamless Integration: The copier will let you use MetaTrader’s interface while benefiting from IBKR’s robust trading infrastructure.
Getting Started:
How to Download and Install: Purchase the software from the official website and download it. Follow the installation instructions to install the copier on your Windows system.
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Setting Up: Fill in MetaTrader and IBKR account settings, set preferences for order scaling, and map MetaTrader symbols to IBKR contracts.
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Enable and Monitor: Turn the copier on to start copying orders automatically. Periodically check its performance to ensure it conforms to your trading goals.
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By integrating MetaTrader with IBKR using the Order Copier, you will be able to simplify your trading operations, increase efficiency, and potentially boost profitability.
- How does the MetaTrader to Interactive Brokers Order Copier work?
The copier automatically copies all types of orders in your MetaTrader 4/5 account to your Interactive Brokers account, including stop loss and take profit levels. It supports manual trades, script-generated orders, Expert Advisors, signal services, and other MetaTrader order copiers. It’s fast and absolutely automated.
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- Where can I buy the MT-IB Copier?
You can buy it from our official Digistore24 shop. After buying the software, it will give access to you by downloading via given download link.
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- Do you provide subscription services for software?
Yes, all subscriptions offered will be 1, 3, 6, and 12-month, auto-renewing unless otherwise canceled by your choice.
TRADE COMMANDER - Does the license fee depend from how many accounts are managed by my TWS/Gateway login?
Yes. License fee will depend on accounts number you planning to manage. You need the license for every account. At purchase, choose how many license do you need: TRADE COMMANDER
- Is it possible to take the trial?
Yes, we have a 1-month trial. At the end of it, you pay for that first month if you decide to buy; otherwise, there’s no cost.
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- Do I still need a MetaTrader account?
Yes, you need to have a MetaTrader account. In fact, MetaTrader itself doesn’t allow to connect from/to external brokers or data providers. That’s the missing gap, which the copier bridges by detecting orders placed in your MetaTrader account and creating corresponding orders in your IBKR account.
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- Does the copier feed my MetaTrader charts with data from IBKR?
No, the copier can’t push market data to MetaTrader. MetaTrader’s business model counts on keeping control of the market data and doesn’t allow any kind of external data feeds. The copier, however, makes sure your trades will be executed with competitive prices and fast execution provided by Interactive Brokers.
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- Can I use a MetaTrader demo account?
Yes, you can use a MetaTrader demo account. The copier supports both demo and live accounts on MetaTrader and Interactive Brokers.
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- How do I link MetaTrader symbols to IBKR contracts?
The copier has a so-called symbol mapping where you can associate MetaTrader symbols with the corresponding Interactive Brokers contracts. There are already some default mappings for the most common symbols such as EURUSD but you may add, remove or modify them according to your needs.
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- What kind of orders does the copier support?
It supports market orders, limit orders, stop orders, and so on. It ensures that everything ordered in MetaTrader is copied accurately in the Interactive Brokers account.
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- Is it possible to scale my order sizes between MetaTrader and Interactive Brokers?
Yes, this copier offers various methods of scaling order sizes, meaning you can change the trade volume between platforms according to the underlying strategy.
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- Is the copier compatible with both MetaTrader 4 and MetaTrader 5?
Yes, the copier is compatible with both MetaTrader 4 and MetaTrader 5, thus giving flexibility to traders operating on either of the platforms.
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- Does the copier support Interactive Brokers Financial Advisor accounts?
Yes, the copier does support Interactive Brokers Financial Advisor accounts, thus enabling financial advisors to manage multiple accounts of their clients with ease.
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- Are there other features in the copier?
Yes, the copier does have optional add-on features such as symbol filters and order type filters to further tailor your trading preference.
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- How do I install and configure the copier?
After purchasing, you will receive a download link. To install the copier, follow the installation guide as shown in the user manual. Configuration includes setting up your MetaTrader and Interactive Brokers account, order scaling preferences, and mapping MetaTrader symbols to Interactive Brokers contracts.
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To learn more, please visit our website for details and support.
