In this short tutorial, Rimantas explains how to configure Local Trade Copier not to close specific positions.
In this short tutorial, I explain how to check if your computer and Internet connection speed is slowing down the MT4 trade copier or not? It is essential to understand that to copy Forex trades as fast as possible (in 1 second or faster) your computer and internet quality needs to be in excellent condition.
I have just released the new Local Trade Copier version 2.9.6 “Kilauea” named after the currently active shield volcano in the Hawaiian Islands.
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.
Today we will talk about a very important thing – SPEED. Especially for traders who are copying their trades to other MT4 accounts using Local Trade Copier.
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.
Under normal conditions, the 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.
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 is built around the MetaTrader 4.
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.