Forex CloneIt 4 Reverse Robot

Forex CloneIt 4 Reverse Robot review:

Imagine the power of Reversing MetaTrader 5 trades in your MetaTrader 4 account

Now you can do that with CloneIt4Reverse and CloneIt5.

CloneIt4Reverse will copy  and reverse the trades you perform in your MetaTrader 5 account to your MetaTrader 4 account. CloneIt4Reverse is a simple Expert Adviser (EA) that is attached to a chart in MetaTrader 4. When a trade is opened, modified or closed in MetaTrader 5, CloneIt5 sends the information instantly to CloneIt4Reverse (EA) in your MetaTrader 4 account to reverse the same trade for that symbol swapping the take profit levels and stop loss levels.

In your MetaTrader 4 account, attach CloneIt4Reverse to the chart (symbol) that you want to trade. Enter the MetaTrader 5 account number in the Clone Link Input field. Each trade’s volume can be scaled with the Source Volume Multiplier.

CloneIt4Reverse will take care of all the details and receive the lot sizes, take profit levels and stop loss levels from CloneIt5. It then reverses the diriction of the trade and swaps the  take profit levels and stop loss levels. Whatever trades you perform in MetaTrader 5, they will be reflected in your MetaTrader 4 account.

Input Descriptions

  • System name – you can enter a system name if desired.
  • Clone Link (MetaTrader 5 Account Number) – this is the MetaTrader 5 account number where CloneIt5 EA is installed.
  • Source Volume Multiplier – you can enter a value to multiply the position volume sent by CloneIt5. For example, if you want the volume in MetaTrader 4 to be half of the volume in MetaTrader 5, enter 0.5.
  • delay time between close and open (in seconds) – there may be a lag time between different brokers for MetaTrader 4 and MetaTrader 5. This input in seconds will delay between the time of the last close and the next open.
  • Update Rate (in Seconds) 0= Every Tick – specify how often to check. Enter 0 to only check on incoming ticks.

Limitations

  • CloneIt4Reverse is not a trading robot. It only receives information about the trades you or another EA has performed in your MetaTrader 5 account.
  • CloneIt4Reverse does not set pending order details, only open, close and modify position information.
  • CloneIt4Reverse only trades the chart symbol it is attached to.
  • CloneIt5 and CloneIt4Reverse must be installed on the same computer.

Test results:

Forex CloneIt 4 Reverse Robot

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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