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Trade Copier articles

MT4 Local Trade Copier Netting of Forex positions

How to use Local Trade Copier in Netting mode on MT4 accounts with FIFO limitations

By | Trade Copier articles | One Comment

U.S. Forex brokers and possibly some other brokers will have FIFO limitations applied to each account. It means trader or any EA is restricted to close positions only in particular order and hedge trading will be disabled too (you cannot hold BUY and SELL positions open at the same time). These restrictions cannot be changed, and anyone who is trading in such account (including EA) will have to obey these restrictions.

Local Trade Copier is capable of handling trade copying of positions on MT4 accounts with FIFO limitations including partial closes.

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Copying CFD’s Between MT4 Brokers With Different Contract Specifications

By | Trade Copier articles | No Comments

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

By | Trade Copier articles | No Comments

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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