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, 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 are 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.
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.
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?
If you have doubts if my Local Trade Copier is the best choice for you then consider the following points.
Know that the Local Trade Copier has much more features and options than I list on this page, but here I list those features that nearly no other trade copier software has.
In this video I explain how you can copy Forex positions from one MetaTrader 4 to another and have each currency pair trades risk different amount of client account capital.
For example I can have USDJPY copying trades with 0.13 lot size when GBPUSD copy the trades with 0.26 lot size, regardless the fact those trades are coming from the same master account.
With this MT4 Trade Copier all Forex traders can share their trades with family, friends or clients.