Setting Up Heron Copier for Copy Trading

Introduction

In this guide, you'll learn how to set up the Heron Copier, which can be used for cTrader, MetaTrader 4, MetaTrader 5, TradeLocker, MatchTrader, and DXtrade. Here's how to get started with installation and setup.

1. Introduction to Heron Trade Copier

Heron Copier works with multiple platforms and offers various features such as trade copying, blocking, and matching across accounts. You can visit their website heroncopier.com to check out their detailed features, pricing, and to download the software for a free trial.

• The copier costs around €40 for a 3-month license and works on up to 20 accounts or devices, making it quite affordable and versatile for most users.
• They provide excellent customer support, including remote access support sessions, if needed. You can also use their AI assistant or live chat for any technical issues during setup.
  
  

2. Installation and Setup

Once you download the Heron Copier and purchase the license, you’ll receive a folder that contains the necessary files for setup. Here's the basic process:

Step 1: Prepare Your VPS

If you're copying trades to MatchTrader, you'll need to install the copier on your VPS (Virtual Private Server). The folder should contain a Heron Copier Connector and a MatchTrader Slave Copier file.

Step 2: Install the Copier

1. Install the Heron Copier Connector by running the installer.
2. After installation, the copier will automatically load the necessary files (Master EA and Slave EA) into the Expert Advisors (EA) folder of your MT5 terminals.
   
   

Step 3: Add Your Accounts

Once installation is complete:

1. Open the Heron Copier Connector.
2. Add your accounts by opening an Alpari demo account on the VPS.
• To do this, right-click on Accounts, select Open Account, and choose Alpari.
• Open a demo account, entering any random information. Choose Alpari MT5 Demo ECN, set your account size (e.g., $100,000), and select leverage (e.g., 1:33 for gold).
3. Finish the setup and add your TitanX strategy to one chart and the Heron Copier Master to another chart.
   
   

Step 4: Configuring the Copier

• Once the copier is installed, head to Tools > Options > Expert Advisors.
• Input the Heron Copier URL from their website.
• Make sure the Heron Copier Master EA is configured correctly:
• Enable Allow Algo Trading.
• Set the Use Connector App to true.
• Enter your license key.
• Give your account a name (e.g., "Alpari Master").
  
  

Step 5: Adding a MatchTrader Account

Now, you'll need to set up your MatchTrader account:

1. Load the MatchTrader Slave EA.
2. Input your connector and account details (email, password, and account number), which you will receive from the prop firm when you purchase the MatchTrader account.
3. Optionally, set a lot multiplier or leave it as 1 for default.
4. Once you've input all the details, click the Start button to activate the copier.
   
   

3. Testing and Monitoring the Copier

Once everything is set up, both the Alpari and MatchTrader accounts should now be connected and ready to copy trades.

• Manual Trade Test: You can manually place a trade on TitanX or any other strategy to verify that the copier works. The trade should replicate in both accounts.
• Closing Trades: Similarly, when closing a trade, ensure it reflects across both accounts.
• Keep your MatchTrader account logged in through the browser if you prefer monitoring trades, though it's not necessary. It’s a good idea to check daily to ensure everything runs smoothly.
  
  

4. Potential Issues and Troubleshooting

• Occasionally, copy traders may lose connection, and trades might not copy over. While this doesn't happen often, it's a risk, so it's good practice to regularly check the copier to make sure everything is functioning properly.
• Heron offers live chat support and remote sessions to assist with any setup or technical issues, so don’t hesitate to reach out if needed.
  
  

5. Important Note: Symbol Suffix for MatchTrader

When setting up the copier specifically for E8's MatchTrader platform, there’s a symbol suffix you need to configure:

• In your MatchTrader Slave Copier, under Add Symbol Suffix, enter “.C”.
• In the Symbol Aliases section, map the symbols correctly. For example, XAUUSD = XAUUSD.C.
• This ensures the copier works correctly with both Alpari and E8's MatchTrader platforms.
  
  

Conclusion

Setting up the Heron Trade Copier for MatchTrader or other platforms is straightforward once you follow the steps above. Make sure you utilize their support system if you encounter any issues. Following this guide should have you copying trades across accounts seamlessly!