Martingale Mode in MT4 Local Trade Copier

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Local Trade Copier can increase or decrease the lot size of the next order if previous trade closed in a loss when Martingale Mode is enabled. Note that this is a very risky trading style so be sure you know what you are doing.

Martingale trading mode options in the Client EA of the Local Trade Copier app for MT4 client terminal.

Martingale trading mode options in the Client EA of the Local Trade Copier app for the MT4 client terminal.

Here’s how instruction manual explains these options.

MartingaleMultiplier and MartingaleCountLimit – these options allow you to set the Client EA to apply martingale lot sizing before each trade is copied. By default, a multiplier is set to zero and it means this feature is disabled. Once you set this value to anything above zero the Client EA will start working in “Martingale mode”.

Count limit number is set to 7 by default, but you can change that as you wish. Zero value means there is no limit and EA will apply martingale until there is not enough margin in your account, which I do not recommend. Default count limit of 7 means that if you start with the 0.01 lot size eventually the largest lot size you can get is 1.28 (when using a multiplier of 2).

Here’s how this whole thing works. Before copying a new trade the Client EA will always check the last closed trade’s profit for that particular instrument (currency pair). If the trade was closed in profit the Client EA will calculate a lot size according to your risk option, but if the trade was closed in loss (and the number of last closed consecutive loss trades does not exceed count limit) the Client EA will multiply that last closed trade’s lot size by the MartingaleMultiplier value. Note that the MaxLotSizeAllowed and IgnoreTooBigLotSizeTrades options can be used with this martingale feature as well.

Important to mention that this feature will check only last closed trades on the same currency pair in question and this is how it will determine if the next lot size should be multiplied or not. If you run multiple trades on the same currency pair this option might not work properly because it would be impossible to know which trade’s lot size should be multiplied. So when using this option you should note that it works properly only for those trading strategies that have no more than one trade per instrument.

Example: Say we have MartingaleMultiplier=2 and the last trade of 0.2 lot size was closed in a loss. When a new trade signal will be received here’s how the Client EA will calculate the lot size for this new trade: 0.2 x 2 = 0.4. If this trade closes in loss then the next trade size will be 0.4 x 2 = 0.8 and this will repeat until a trade closes in profit or the MartingaleCountLimit is reached. Once a trade closes in profit or the limit of losing positions is reached the cycle will restart.

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Copying CFD’s Between MT4 Brokers With Different Contract Specifications

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In this article, I will talk about a common problem faced by traders who are copying CFD’s (Contract For Difference) using different brokers. I will also provide a solution to copying CFD’s between MT4 brokers that have different instrument specifications. This problem is difference in trading conditions of various brokers. The most significant issue is with CFD’s on major stock indices: Contract size for one broker can be 1 index, 25 indexes for another, 10, 5, etc. Some brokers allow trading a portion of a contract while others require trading full contracts only.

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Reasons Why MT4 Trade Copier Can Be Slow And Copy Positions With a Delay

By | Trade Copier articles | 2 Comments

Under normal conditions, Local Trade Copier should copy positions in less than one second. Yes, trades must be copied in 1 second or faster. If it takes longer, then something’s not right.

Usually, delay in copy trading appears because of slow and poor Internet connection, overloaded computer, and broker server delays.

In this article, I want to give possible reasons for slow trade copying so you could identify the problem yourself and fix it fast.

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What is a Trade Copier in Forex?

By | Trade Copier articles | 3 Comments

A trade copier is simply a piece of software used to copy trades across multiple trading accounts. This is the most convenient and efficient way to manage more than one MetaTrader account simultaneously and open the same trades across multiple trading platforms. There are many types of account copiers available but since the MT4 platform is one of the most popular trading platforms the majority of trade copier software are built around the MetaTrader 4.

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Add Missing Risk Management to Your Forex Robot or Signal

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Do you have an Expert Advisor that can only be set to use a fixed lot size, but you want to have trades risking percentage of your available account equity?

Or maybe you are following a Forex signal provider who uses too small position size and won’t allow you to increase it?

Local Trade Copier can add a missing risk management to your Forex trading robot or signals you follow. Obviously, it’s always best to add this directly to the source but if that is not possible my trade copier can help you.

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New MT4 Local Trade Copier version 2.9.5 has been released

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I have just released the new version of my Local Trade Copier version 2.9.5.

Local Trade Copier is like a Forex Auto Copier software for MetaTrader 4 client terminal which allows retail Forex traders share trades with friends and family.

Hundreds of Forex traders and account managers already use LTC to copy trades, and the new version will open even more possibilities.

Follow these steps to  upgrade to the latest Trade Copier version.

Now let’s take a look what has changed in the LTC v2.9.5.

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Instantly Open The Same Trades Across Multiple MT4 Platforms

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Are you a fund manager?

Have you ever tried to open the same trade in 2 or more accounts at the same time?

You need to have at least 2 people and as much as you rehearse your coordination and teamwork skills, you’ll never be able to replicate the trades exactly the same way. Not to mention the chaos it would unleash if you try to do it on 10 different accounts.

What if I tell you that it is possible to execute the same trade on several MT4 accounts simultaneously without a team of traders and you can do it all by yourself in the comfort of your office or home by using this simple method?

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