Copy Trade Manual Installation

Copy Trade Manual Installation
How to connect your MT4 account to our signal providers
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Copy Trade Manual Installation
How to connect your MT4 account to our signal providers
Risk Warning:
SimpleTrader.net is a wholly owned subsidiary of Think Huge Limited. Think Huge Limited and all its associated
entities take no responsibility for loss incurred as a result of using our services. We endeavour to maintain
constant connection to your account, however if a disconnection does occur and you experience financial loss as a
result of using our software you agree not to hold Think Huge Limited liable for these losses. Your account may
disconnect at any time for reasons outside our control.
Investing in the foreign exchange (Forex) market, alternative investments, and other leveraged asset classes
carries a high level of risk, and may not be suitable for all types of investors. Before deciding to invest in any type
of alternative investment, you should carefully consider your investment objectives, length of investment and risk
appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore
you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with
foreign exchange trading, and seek advice from an independent financial advisor, who is familiar with these types
of trading if you have any doubts.
Trading in these markets is speculative and may involve loss of principal; therefore funds placed under
management should be risk capital funds that if lost will not significantly affect one's personal or financial well
being. This is not a solicitation to invest and you should carefully consider your financial condition as to the
suitability to your situation prior to making any investment or entering into any transaction. Effects of Leveraged
Trading: Spot Forex Transactions carry a high degree of risk. The amount of initial margin is small relative to the
value of the Spot FOREX Contract so that transactions are "leveraged" or "geared". As an example, a margin
deposit of $2,000 can control a market value of approximately up to $100,000.
A relatively small market movement will have a proportionately larger impact on the funds you have deposited or
will have to deposit; this may work against you as well as for you. You may sustain a total loss of initialmargin
funds and any additional funds deposited with the firm to maintain your position.
Given the possibility of losing a substantial investment, trading funds should only consist of risk capital or funds
that an individual or an institution can afford to lose. We assume no responsibility for errors or inaccuracies in
these materials. We do not warrant the accuracy or completeness of the information, text or other items contain
within these materials. We shall not be liable for any damages, including any loss that may result from these
materials.
Any opinions, news, research, analyses, prices, or other information which may be contained on this document is
provided as general market commentary, and does not constitute investment advice. We shall not accept liability
for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly
from use of or reliance on such information.All trades, patterns, charts, systems, etc., discussed in this document
are for illustrative purpose.
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We offer two methods connecting your account to the copier platform,
 Direct Broker Connection
This is the recommended connection method because it’s the easiest
and most reliable way of connecting your account. It links our server
directly with your broker, so you do not need to run MT4 or have a
VPS to receive signals.
Please note, this option requires you to input your MT4 ID and master
password to be validated to ensure that we can access your brokers
server before commencing signal.
 Expert Advisor (EA) Connection
This connection attaches software to your MT4 terminal that links our
servers to your computer or VPS. The trades are then executed on
your terminal directly.
Please note, this option requires you to have your computer or VPS
turned and connected to the internet to receive signals.
Both options are secure and stable, it’s just a matter of you selecting the option
that works best for you.
A video with a brief explanation on each connection option, along with some
details on setting up the Direct Broker Connection can be viewed here.
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Starting steps to copy
 Visit http://social.tradersfamily.com/
 Register to our Copy Trade System
 We will sent you an email confirmation. Check your "INBOX" folder to verify
your account, also your "SPAM" in case you can not find it.
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 Log back to http://social.tradersfamily.com/
 In your Dashboard look for menu "Find Signal" on your left screen, you will
find a list of signal provider available.
 Choose your preferred signal provider dan click "follow"
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Once you complete your Paypal subscription you should receive an email with a
link and login information for your control panel. This will be delivered to the email
address linked to your Paypal account.
Please check your spam folder if you don’t receive it immediately.
Starting now,
we will explain how to connect using Direct Broker Connection also how to connect
using Expert Advisor.
We will start with connect using direct broker connection first,
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Connect Using Direct Broker Connection
The direct broker connection is preferred by most of our clients as it does not
require you to run the MT4 platform or even be connected to the internet to
receive signals. Our software links the master signal to our servers, and then onto
your broker directly.
It is also the easiest and fastest way to set up your account.
Step 1 – Validating your account
We require your account to be validated to ensure that we can access your brokers
server before we commence sending trader signals.
To start this process click on "My Signals" and the link "Edit Signals" as in the
screen shot below.
Note that if the last heartbeat is 'Never' this is because we have not yet validated
or connected the account to the copier. Confirmation of connection is observed
when this field changes to be between 1 and 30 seconds.
Once you have clicked on 'Edit Settings' you will see the screen below. You will
need to take the following steps to connect your account.
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-
Select Connection Method 'Direct broker connection'
-
Input your MT4 account number
-
Input your MT4 master account password (not your investor password)
-
Select your broker
-
Select your brokers server. This is the same server that is selected when
logging directly into the MT4 platform. If your broker or the necessary server
is not on the list please contact us to have details uploaded.
-
Click 'Validate' - Occasionally you will need to try validating more than once.
Once connection is established you will see the confirmation appear on the
screen along with your account balance. If the process stalls for more than
60 seconds an error has occurred with verification. Try clicking the 'Update'
button at the bottom of the page, as occasionally this fixes the issue.
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If validation is processed correctly you will see the following image.
Note:
If you click the 'update' button at the bottom of this page you will be connected
immediately and start receiving trades.
To adjust settings prior to trading please read through the remainder of this
manual.
If 'Risk/Money Management' settings are left as default your account will match
the risk per trade of the master account onto your account. A full explanation of
this setting is below.
Step 2 - Adjusting The Copier Settings
See below for a detailed explanation of each field inside the Edit Settings section of
your signal connection.
Connection Method
- In this example we are selecting Direct Broker Connection
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MetaTrader Account Number
- Your MT4 account number. The copier works on both
live and demo accounts
MetaTrader Master Password
- This is your MT4 Master Password. We need this to
connect to your broker and execute trades on their
server. If you are not comfortable supplying your master
account password then please use the Expert Advisor
Connection.
Broker
- If your broker is not on the list provided please contact us
by opening a support ticket.
Server
- Select the server that you would normally use to login to
your MetaTrader platform.
Click Validate Account -This will confirm that your details are correct. It can take a
couple of minutes to confirm connection. Once
connected you will see the balance of your account as
confirmation that you are linking the correct account.
Broker Suffix
- Some brokers have letters after the symbol names on
MT4. An example is that a broker might display EURUSDi
or GPBUSDfx. In this situation you need to input the suffix
letters only. With this example the entry would be 'i' or
'fx'.
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Max Slippage In Pips
-The slippage is the difference in pricing between the
master account and your account. This setting allows you
to set a maximum negative value. The default setting is 3
pips. Therefore, if the pricing on your account is more
than 3 pips against your favour when the order attempts
to execute no trade will be placed.
If you receive slippage in your favour a trade will be
placed automatically so you can benefit from the
more favorable entry. If open trades are currently in a
losing position on the master account and you connect
your account you will immediately execute these orders
since you are entering at a better position.
Trade Comment
-This can be left blank by default. It is useful if you are
running multiple signals on a single account. It allows you
to track the performance of each signal by giving each
signal a unique comment.
Disable Signal From Opening New Trades
- This will disable new trades from opening. If you would
like to close all open trades please do it directly from
your MetaTrader platform.
Alert By Email If Signal Disconnects
- You will receive an email if there is an issue with your
brokers connection.
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Copy Take Profit
-This setting selects whether you would like to copy the
fixed take profit level that is submitted from the signal
provider. If you select “Yes” you will see the level on your
MetaTrader platform. However this will also mean that if
the level is touched on your account, but not the master
account (due to different pricing or broker manipulation)
your trade will be closed.
If selecting “No” the trade will be closed in line with the
master account, and you will not see the stop levels
visible on your account.
Copy Stop Loss
- Identical to Take Profit, however on the Stop Loss side of
the trade.
Risk/Money Management (click the tab to access these settings)
Max Lot
- This setting creates a ceiling on your order size that
cannot be traded above on a single trade.
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Money Management
-There are two methods of calculating your trade size in
relation to the master account.
Risk Multiplier – This setting matches the risk scaling of
the master account. So if the master account is risking 2%
of equity on a particular trade, then this will be matched
on your account. It works by proportioning the lot sizing
as a ration of the account balance on the master account
and matches this on your account. An example of this
calculation is as follows:
Scenario 1
Risk Multiplier = 1
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500
Trade size executed in your Account = 0.1 lots (since your
account is half thernsize of the master account)
Scenario 2
Risk Multiplier = 3
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500
Trade size executed in your Account = 0.3 lots (since your
account is half the size of the master account, but you are
multiplying the risk by a factor of 3)
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Lot Multiplier - This setting ignores the size of your account balance and instead
places a trade at the same lot size, or adjusted multiple as the master account.
Scenario 1
Lot Multiplier = 1
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500 (irrelevant)
Trade size executed in your Account = 0.2 lots (since the
lot multiplier is 1 the trade size is 0.2 multiplied by 1)
Scenario 2
Lot Multiplier = 2
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500 (irrelevant)
Trade size executed in your Account = 0.4 lots (since the
lot multiplier is 2 the trade size is 0.2 multiplied by 2)
Note:
If your account balance is too small for the above calculations to work effectively
then the copier will open up the smallest possible trade size allowed by your
broker. It is important you follow the recommended minimum investment
amounts indicated by your signal provider, otherwise you can mistakenly raise
your risk due to larger than normal trades being executed.
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Multiplier
- This is the multiplier for the above calculation. A default
of 1 on the Risk Multiplier setting matches the risk of the
master account. A default setting of 1 on Lot Multiplier
ignores your account balance and executes a trade of
identical size to the master.
Disable Pairs
- If you would like to disable under performing pairs from a
particular signal
Mapping
-This is particularly useful for commodities and indexes.
Many brokers display the symbol names differently and
this setting is used to match the differing names.
An example of this would be XAUUSD. But your broker
may display this as GOLD inthis situation you would need
to map XAU to GOLD if you wanted to copy the XAUUSD
trades onto your account.
Direct Connect Logs
- This shows an up to date log of activity between our
servers and your broker.
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Step 3 - Connect your account!
Click “Update” and you are ready start trading as soon as a signal is sent!
To confirm you are currently connected you will see a recent heartbeat similar to
the image below.
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Connect Using Expert Advisor
The Expert Advisor (EA) connection links our servers to your MetaTrader Platform
through the use of trade copier EA. The orders are then sent to your platform and
executed on the charts. To use this connection method you will need to ensure
you have a stable internet connection and leave your computer or VPS turned on
to receive signals.
To install the EA onto your platform please follow the following steps.
We have also completed a short video explaining the steps, please view it here:
Step 1 – Subscribing to a signal
Once you complete your Paypal subscription you should receive an email with a
link and login information for your control panel. This will be delivered to the email
address linked to your Paypal account.
Please check your spam folder if you don’t receive it immediately.
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Step 2 (The same as Direct Broker Connection)
To start this process click on My Signals and the link Edit Signals as in the screen
shot below.
Note that if the last heartbeat is 'Never' this is because we have not yet validated
or connected the account to the copier. Confirmation of connection is observed
when this field changes to be between 1 and 30 seconds.
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Step 3 (Many similarities to Direct Broker Connection)
In the settings area there are a number of adjustable options for setting up your
connection.
Connection Method
- In this example we are selecting Expert Advisor
MetaTrader Account Number - Your account number. The copier works on both
live and demo accounts
Broker Suffix
- Some brokers have letters after the symbol names on
MT4. An example is that a broker might display EURUSDi,
or GPBUSDfx. In this situation you need to input the suffix
letters only. With this example the entry would be “i” or
“fx”
Max Slippage In Pips
- The slippage is the difference in pricing between the
master account and your account. This setting allows you
to set a maximum negative value. The default setting is 3
pips. Therefor if the pricing on your account is more than
3 pips against your favour when the order attempts to
execute no trade will be placed.
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If you receive slippage in your favour a trade will be
placed automatically so you can benefit from the more
favourable entry. If open trades are currently in a losing
position on the master account and you connect your
account your will immediately execute these orders since
you are entering at a better position.
Trade Comment
- This can be left blank by default. It is useful if you are
running multiple signals on a single account. It allows you
to track the performance of each signal by giving each
signal a unique comment.
Disable Signal From Opening New Trades
- This will disable new trades from opening. If you would
like to close all open trades please do it directly from
your MetaTrader platform.
Alert By Email If Signal Disconnects
- You will receive an email if there is an issue with your
brokers connection.
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Copy Take Profit
- This setting selects whether you would like to copy the
fixed take profit level that is submitted from the signal
provider. If you select “Yes” you will seernthe level on
your MetaTrader platform. However this will also mean
that if the level is touched on your account, but not the
master account (due to different pricing or broker
manipulation) your trade will be closed.
If selecting “No” the trade will be closed in line with the
master account, and you will not see the stop levels
visible on your account.
Copy Stop Loss
- Identical to Take Profit, however on the Stop Loss side of
the trade.
Risk/Money Management (click the tab to access these settings)
Max Lot
- This setting creates a ceiling on your order size that
cannot be traded above on a single trade.
Money Management
- There are two methods of calculating your trade size in
relation to the master account.
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Risk Multiplier
- This setting matches the risk scaling of the master
account. So if the master account is risking 2% of equity
on a particular trade, then this will be matched on your
account. It works by proportioning the lot sizing as a
ration of the account balance on the master account and
matches this on your account.
An example of this calculation is as follows:
Scenario 1
Risk Multiplier = 1
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500
Trade size executed in your Account = 0.1 lots (since your
account is half the size of the master account)
Scenario 2
Risk Multiplier = 3
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500
Trade size executed in your Account = 0.3 lots (since your
account is half the size of the master account, but you are
multiplying the risk by a factor of 3)
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Lot Multiplier
- This setting ignores the size of your account balance
and instead places a trade at the same lot size, or
adjusted multiple as the master account.
Scenario 1
Lot Multiplier = 1
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500 (irrelevant)
Trade size executed in your Account = 0.2 lots (since the
lot multiplier is 1rnthe trade size is 0.2 multiplied by 1)
Scenario 2
Lot Multiplier = 2
Master Account Balance = $1,000
Trade Size = 0.2 lots
Your Account = $500 (irrelevant)
Trade size executed in your Account = 0.4 lots (since the
lot multiplier is 2 the trade size is 0.2 multiplied by 2)
Note:
If your account balance is too small for the above calculations to work effectively
then the copier will open up the smallest possible trade size allowed by your
broker. It is important you follow the recommended minimum investment
amounts indicated by your signal provider, otherwise you can mistakenly raise
your risk due to larger than normal trades being executed.
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Multiplier
- This is the multiplier for the above calculation. A default
of 1 on the Risk Multiplie setting matches the risk of the
master account. A default setting of 1 on Lot Multiplier
ignores your account balance and executes a trade of
identical size to the master.
Disable Pairs
- If you would like to trade just specific pairs, you can
disable pairs from a particular signal
Currency Mapping
-This is particularly useful for commodities and indexes.
Many brokers display the symbol names differently and
this setting is used to match the differing names.
An example of this would be XAUUSD. But your broker
may display this as GOLD. In this situation you would
need to map XAU to GOLD if you wanted to copy the
XAUUSD trades onto your account.
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Step 4- Attaching The Copier EA
Now you need to download the EA and install it onto your Metatrader terminal.
 On your control panel click the “Downloads” tab, then download the
SimpleTrader Reciever (zip file) to your PC or VPS. Then extract it.
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 Open your Metatrader 4, klik "File" and choose "Open Data Folder"
 After "open data folder", go to folder "MQL4", and then open "experts"
folder.
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 Open your extracted folder. Drag and drop the contents of the zip into your
experts folder. It is important you keep the file structure as it is in the zip for
the EA to function correctly.
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 Close your Metatrader and then open it again in order to restart your
Metatrader Terminal, and now you should now see “SimpleTrader” under
“Expert Advisors” in the Navigator box.
*if by the case you can not see your "Navigator" box, you can press "Control + N" to
showing the navigator box
There are 2 important points to understand to ensure your Signal copies correctly.
 You need to add the Receiver EA to 1 CHART ONLY. The EA is for
communication purposes to our trade servers only. For that reason, it
doesn’t matter which chart/pair you choose to add it to. If you add the EA to
more than 1 chart on the same MT4 account you may experience duplicate
trades.
 To receive signals, the pairs need to be shown in Market Watch (If Market
Watch is not showing click View → Market Watch (or CTRL-M).
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If the pair is not showing in Market Watch the EA does not know it exists and will
not take Signals for the missing pair. The easiest way to make sure is to Show All
pairs.
 In Market Watch right click on any of the pairs and click "Show All."
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Step 5 - Adding the Receiver EA to a chart
Watch a video of us upgrading/attaching the receiver EA by clicking here.
 Within MT4 open a new chart for any pair, for example EURUSD. In the
Navigator window, expand the folder called Expert Advisors. If the Navigator
window is not open click View → Navigator (or CTRL-N).
 You should see the Receiver EA 'SimpleTrader-V2.XX.X' on the list. Right click
on it and click "Attach to chart".
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You will now be presented with an Expert Advisor window. There are 2 tabs,
"Common" and "Inputs"
 Click on Common tab and ensure the tick boxes are as follows.
 Click on the "Inputs" Tab.
If you are using Receiver EA V1.7 or above you need to enter a UID in the Inputs.
Your UID can be found in the Simpletrader Control Panel at the top left corner
beside your name.
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 Once you know your UID, double click the field beside UID and enter the
number.
You also have the option to enter up to 5 Magic Numbers for our system to ignore.
This option is useful if you run other EAs on the same account as our copier.
Why would I need to use this option?
Every trade generated on our system is given a unique number (known as a magic
number) which is applied to the trade. The first trade on the system was 1800 and
it has been growing since. This is by design and greatly improves the efficiency of
our copier. It also removes the potential for orphaned trades. If your other EAs
have a magic number above 1800, our copier could potential close the trade as a
closed signal.
It is recommended if you are running other EAs to change the Magic number to a
number below 1800.
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For most commercial EAs this is easily changed in the EA Inputs tab. Alternatively,
use your EAs on a different account.
For some EAs this is not possible and for that reason you may use the Ignore Magic
Number option. By entering a Magic numbers in the Inputs the system will ignore
them and therefore not affect the performance of your other EAs.
 Once you have completed the Inputs. Click OK.
 You should now have a chart with a display similar to below. Make sure your
chart has a Black background or you will not see the text.
The important thing to see is Subscription Active!
If the Signal has any open trades they will be listed under the headings Trade,
Symbol, Comment, Time (Opened) and Status.
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Trade Status
If the Signal has any open trades when you connect for the first time, they will be
listed. You may have an Out Of Range message showing in the Status for one or
more trades.
This means that the Signal is in a profitable position and beyond your slippage
setting. The signal will remain valid and if the price comes back within your
slippage setting, it will be executed on your account. If it never comes back to
within your slippage setting, it will never execute on your account and will
disappear off the list when it is closed.
Status Alternatives
- Trade open
This means all is well.
- Trade closed by user
You have closed this trade and the system will not
reopen a user closed trade
- Trying to trade – check log file - This will display just as a trade is opening. If this
message stays for more than a few seconds it generally means there is a reason
the trade cannot open, and you should check your log file for more information.
- Excessive slippage – no trade - We only allow trades within a window of the open
price of the master account. If your market price is outside this price window, the
trade will not open and display this message. This is done for your safety. You can
change your slippage values in the web portal.
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You can also check that you are connected OK by returning to your Control Panel
and click My Signals.
You will see your Signal listed and it should have changed from Never to a
Heartbeat value under 30s (seconds).
Configuration Complete!
You are now connected to your signal and will receive trades onto your MT4
account. To see your open trades, trade history and statistics relating to your signal
click on "View Activity".
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Extra Features & Useful Information
View Activity
In View Activity you have 4 tabs




General Information
Open Trades
Trade History
Analytics
General Information
– Is an overview of the MT4 account connected to your signal including balance,
equity and floating profit/loss.
Open Trades
– Displays any trades that have been opened by your signal. You will have
information including the signal name, pair, open price etc.
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Trade History
– Displays a list of past trades and will have similar information to open trades but
will also include the close time and the final pip value for the trade.
Analytics
The Analytics Package is an addon feature which gives you access to a lot of useful
information that relate to your signal and your brokers performance. This can be
very useful for many things including, adjusting risk levels and choosing the best
broker to run the signal on.
It costs $29.99 per 6 months. To unlock Analytics Package click on the Unlock Now
link and compete the payment process.
Once you have unlocked you will have access to the following information.
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Daily Breakdown
Winning vs Losing Trades
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Broker Execution Comparison
Broker Slippage Comparison
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Transfer Signal
On occasion users may have 2 or more accounts with Simpletrader with different
subscriptions under each. This can happen if you use a different email address to
your Paypal email address.
You can use the Transfer Signal option to move subscriptions between accounts by
click in the Transfer button.
Enter the email address of the account you want to send the signal to and click
"Find".
You will get a confirmation that the signal has been sent to the other account and
that you have to login and accept the transfer.
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Logout of this account and login to the other account. On the left hand side you
will have the option for Retrieve/Transfers.
You will see your transferred signal waiting for confirmation. Click on "Accept" to
move the signal to this account.
Payment Log
This is a record of your subscription history including signup and payments. You
can click on the Payment Log button to view your history for each signal.
If your Signal status has changed to Expired but you have not cancelled the signal,
please check the Payment log, as it may indicate why.
If you see a record SUBSCR_FAILED or SUBSCR_PENDING your Paypal payment has
not reached us and you should check with Paypal before contacting our support.
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Delete Signal
If you want to cancel your subscription you need to cancel the Pre Approved
Payment Profile under your PayPal account first.
Once you do this, the signal will still show under your account but will show
Cancelled under Paid.
To remove it completely from view you need first remove the configuration by
clicking on the Trash Can button. You will be prompted to confirm deletion and you
need to enter "I understand" to confirm.
You now need to repeat the process to fully remove it from view. Click the Trash
can once more and type "I understand" to complete removal.
SMS Alerts
If you would like to receive SMS alerts about your Signal as mentioned in the
account settings section, you need to first setup your number on our system and
purchase some credit.
SMS Alert can be configured by clicking on SMS Alert along the Left Hand Side. You
will initially be presented with a screen to setup your number.
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Enter your mobile/cell number in the form and click Add Number.
You will then be sent a SMS to your number with a verification PIN number. When
you receive your PIN enter it in the form and Enter. If you have any problems
setting this up please contact support.
Once you have your number verified you will have options for what alerts you want
to receive. Notification choices
 New Trade Open on Signal account
 Trade Closes on Signal account
 Notify when your account Disconnects from the broker
Simply choose Yes or No from the dropdown and click Update Settings.
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SMS Credit
You will notice in the image that the SMS balance is zero. You need to purchase
credit to receive SMS Alerts. To do this you need to click on Top Up.
You will be taken to a page were you can select the amount of credit you need and
purchase by clicking on the Paypal Button. There are more options for larger
amounts of credit at a discount but below is the base price.
Support
If you have any problems using the Signal copier you can contact us at any time
either by:
Live Support – We are available 24/7 for Live support. You will find the link to live
chat on the left hand side of any page within the Control Panel.
Ticket support – If you would prefer to send us an email you can click on ticketed
support. You can find the link at the top right corner of every page in the Control
Panel.
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