In this step-by-step, we will use the account samples as follows.
- A sender account -123456, USD2,000 with Ophiuchus EA running
- A new receiver account – 456789, USD 4,000 with no other EA running.
Setup CopyCat Receiver
To send up CopyCat, we recommend to always setup the Receiver first.
- Copy CopyCat EA and drop it into the Data Folder/MQL5/Experts folder. You can access Data Folder through File-> Open Data Folder.
- Go to the Navigator panel and Refresh Expert Advisors there. You should see CopyCat EA appear in the Expert Advisors list.
- Open a new EURUSD chart, and change it to the M1 timeframe. Even if you intend to copy trade more than EURUSD ( Eg you want to copy AUDCAD too), you only need one chart with one CopyCat running. Do not put two CopyCat on 2 charts.
- Drag-drop the CopyCat to the EURUSD chart. Ensure your CopyCat mode is Receiver Mode. Put in your license key.
- We updated the amplifier setting to 2 for our sample case and kept the rest as default.
- In the common tab, ensure that Algo Trading is checked.
Setup CopyCat Sender
- In your sender account ( with Ophiuchus running), copy the CopyCat EA into the Experts folder as per the first two steps for setup Receiver.
- Open a new EURUSD Chart and change it to M1 Timeframe. Even if you intend to copy trade more than EURUSD ( Eg you want to copy AUDCAD too), you need one chart with one CopyCat running. Do not put two CopyCat on 2 charts.
- Drag-drop the CopyCat to the EURUSD chart. Ensure your CopyCat mode is Sender Mode. Put in your license key.
- Configure your to send trade to account 456789.
- For the sender magic number, put in 20200222|20220023, which are the magic numbers we configured for Ophiuchus EA, 20200222 is for EURUSD and 20200223 is for AUDCAD.
- Leave the Symbol as * to send all symbols. We want it to send EURUSD and AUDCAD trade to the Receiver Account.
- For the sender account, whether the allowed algo trading is checked or not is not important, as the Sender mode will not create any trade.
Finally, check your Receiver account Expert tab log, the sender account will send a test message to the receiver account for testing. If you see this message, then it is confirmed that both of them can communicate using CopyCat EA.
Here are the steps to setup CopyCat EA on both Sender and Receiver mode. Happy Trading!
