The MetaTrader to Interactive Brokers Order Copier is a Windows-based software that automatically transfers all types of orders from a MetaTrader 4/5 account to an Interactive Brokers account. These include orders opened manually, via scripts, or through Expert Advisors. The copier supports demo and live accounts on MetaTrader and Interactive Brokers, as well as Financial Advisor accounts. It supports several ways of scaling the size of orders, flexible linking between MetaTrader symbols and Interactive Brokers contracts, and many other features. The tool will give traders the ability to use the MetaTrader interface while taking advantage of the competitive pricing and speed of execution offered by Interactive Brokers.
Automate your trading by connecting your MetaTrader to Interactive Brokers for better efficiency and speed of execution. The following are the steps to set up the MetaTrader to Interactive Brokers Order Copier:
- Download and Install the Order Copier Software
Download the MetaTrader to Interactive Brokers Order Copier from the official website. Remember to download a type compatible with your operating system. Run the installer, then follow the setup wizard through to completion.
- Configure the Copier Settings
Having installed it, open the Order Copier application. You will be required to set up the settings that will connect your MetaTrader account with your Interactive Brokers account:
Meta Account Details: Set your MetaTrader account number and password.
Interactive Broker Account Details: Fill in the account number along with necessary API credentials for Interactive Brokers.
Scaling Options: Define how you would like your orders to scale between the two platforms. The copier has a variety of methods in place to adjust the size of orders, such as fixed ratios or percentage-based scaling.
- Mapping of Symbols
In the Order Copier, map those symbols in the MetaTrader account to the ones in the Interactive Brokers Account. This allows trades executed onto MetaTrader to be properly emulated onto the Interactive Brokers. The Copier will intuitively guide mapping through its settings.
- Configure Other Parameters
The following are some features that can also be set up inside the Order Copier to refine its functionality according to your Strategy:
Order Type Filters: You can select here the type of orders that should be copied .
Symbol Filters: Here, you could select which symbols should be involved in the copying process, either by including them or excluding.
Trade Direction: Select here either from MetaTrader to Interactive Brokers, or vice-versa, or select both.
- Activate the Copier
Click OK after setting all the settings. Turn the copier on. The software will start monitoring your MetaTrader account for new trades and will replicate them to your Interactive Brokers account automatically, according to your settings.
- Monitoring and What If Needed
Regularly monitor the performance of the copier to be in line with your trading objectives. When necessary, do changes to optimize performance or accommodate changes in your trading strategy.
So, with these steps, you’ll be able to automate order transmission between MetaTrader and Interactive Brokers to bring in the powers of both in one go and thus trade effectively.
The MetaTrader to Interactive Brokers Order Copier is a Windows-based software application designed to automate all kinds of orders emanating from a MetaTrader 4/5 account and transferring them into an Interactive Brokers account, whether those are placed manually, by scripts, or via Expert Advisors. It supports demo and live accounts for both MetaTrader and Interactive Brokers, plus Financial Advisor accounts. It offers various ways of scaling order size and flexible linking between MetaTrader symbols and Interactive Brokers contracts. Other additional features are the filtering of symbols, order type filters, among others. This tool enables traders to use the MetaTrader interface while enjoying the competitive pricing and execution speeds of Interactive Brokers. TRADE COMMANDER
Frequently Asked Questions (FAQ)
- How does a MetaTrader to Interactive Brokers Order Copier work?
It automatically copies all types of orders from your MetaTrader 4/5 account, including stop loss and take profit levels, to your Interactive Brokers account. This tool supports Manual Trades, Script-generated Orders, Expert Advisors, Signal Services, and other MetaTrader Order Copiers. Fast, full automated process.
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- Where can I buy MT-IB Copier?
You can order the software directly from our Digistore24 shop. Right after ordering, you will get a download link to the actual software.
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- Do you offer a subscription model for your software?
Yes, we sell the software for 1, 3, 6, or 12 months on auto-renewable subscriptions. Your subscription is automatically renewed until it is cancelled by you.
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- Does the price depend on the number of managed accounts in my TWS/Gateway login?
Yes, the price is depending on how many accounts you want to manage. You need one license for each account. You can choose the quantity during the purchase process.
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- Is there a trial version available?
Yes, we do have a trial period for 1 month. After that, if you decide to buy, you pay for that month; otherwise, nothing at all has to be paid.
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- Will I need a MetaTrader account?
Yes, you need a MetaTrader account, either demo or live. MetaTrader itself does not support direct connections to external brokers or data providers, so basically, the copier bridges this gap by detecting orders placed in your MetaTrader account and creates corresponding orders in your Interactive Brokers account.
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- Can the copier feed my MetaTrader charts with IBKR data?
No, the copier can’t push market data to MetaTrader. That’s part of MetaTrader business model is controlling the market data, and it doesn’t allow for any third-party data feed. Of course, the copier makes sure your trades get executed at the best price, at the best speed on 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 a demo and live accounts on MetaTrader and Interactive Brokers.
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- How do I link MetaTrader symbols to IBKR contracts?
The so-called symbol mapping feature allows you to link your MetaTrader symbols with their Interactive Brokers contract counterparts. For a few default common symbols like EURUSD, mapping is already added, but, of course you can add new, remove and modify the existing mappings at your will.
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- Can I use multiple Interactive Brokers accounts with one MetaTrader account?
Yes, this is possible. You are able to configure the copier to handle several Interactive Brokers accounts with one MetaTrader account. This way, you will be in a position to manage several accounts from one MetaTrader interface.
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For more detailed information and support, please visit our official website
