In this blog post I will explain how you can deal with the “ghost trades” on a client accounts when using Local Trade Copier. Do not worry, not everyone gets them and there is no bug with this or anything. It’s very simple to fix this and I am sure you’ll agree with that after you finish reading this post.
Copying trade between multiple MT4 accounts at a better price than it is on the master account, is something that many currency traders want to do. The good news are that the Client EA of the Local Trade Copier can be easily configured to only accept trades when the price for entering the market on the client account is better than it is on the master trade.
This is another story that was shared by one of my customers. This time he applies time filter to his trade copying campaign to avoid trading during Asian session.
This is part two of my articles series on the features in the new 2.1 version of the Local Trade Copier software. In part one I talked about how to use the new external Trade Filter Indicators to filter the trading signals received from my signal providers. You can read more about it by going here.
The second big change coming with the new version 2.1 is the filtering of trades by time. This is done with the simple drawing of rectangles on the chart. You can add an unlimited number of these time based filters to your charts.
You can use time based filters with the Server EA and the Client EA
You can create the time based filters on either the ‘’master’’ or the ‘’slave’’ account. This means that if you are a signal provider and you use an EA to trade your customers’ accounts, you can set the Server EA to avoid sending trades to customers during specified time ranges.
If you are a client that receives signals from a provider you can set the Client EA to ignore all trades that are received during certain time periods.
This is another story that was shared by one of my customers about his friend “Bob”. This time he applies external filter indicators to his trade copying campaign.
Hello readers. Some of you may remember me from an article I wrote about my friend ‘’Bob’’. He was the awful trader that somehow still makes me money? If you still haven’t taken a look, here is the link to part 1 and part 2.
Since the story was published on www.mt4copier.com it generated a great deal of interest and the creator of the Local Trade Copier, Rimantas Petrauskas contacted me and asked me to write another article for his website. He just released the new and improved version 2.1 of his trading software few weeks ago. He asked me to take a look at it and write a review if I find the new features useful in my trading.
There are quite a few improvements over the earlier version, and here are just a couple of them:
This is part two of the story that was shared by one of my customers about his friend “Bob”. He was looking for a way to make a profit in Forex trading and finally found his own method.
Bob is a losing Forex trader, but he still makes me money! That’s not his real name of course. Bob is one of those losing trader friends that everyone loves to have. He’s an ‘’opposite trader’’. You love to hear that he’s on the opposite side of your trades as he’s consistently and strikingly wrong. He doesn’t trade blindly and without a method to his madness.
Bob reverses all the ‘’Golden Trading Rules’’
The problem with Bob is that he takes all the golden trading rules and reverses them on their head. He trades against the trend. He cuts his winners short. He lets his losses mount. If you haven’t read it yet, you can read more about my friend Bob in part 1 of this series.
Now that you’re caught up with the story, let’s move on to part 2. We left off part one as I just discovered a promising new trading tool that should help me take Bob’s losing trades and reverse them on their head. The tool is called the Local Trade Copier.
This is a story that was shared by one of my customers. They enjoyed my product and decided to share their personal experience as they tried and experimented with my software.
I have this friend let’s call him Bob, although that’s not his real name. Bob’s an awful trader. Don’t get me wrong, he’s a great friend and I like him a lot. But honestly, he can’t trade his way out of a paper bag.
It’s not really his fault either. Bob’s a beginner trader. He’s been trading for less than 6 months and it shows. He’s making all the beginner mistakes.
Bob likes to buy cheap. He calls it a bargain whenever he sees a currency pair that has been trending down for a long time. He likes to buy whenever price makes a new bottom expecting the price to turn. He sells when prices ”get too high”.
All of that wouldn’t be so bad if he didn’t make another set of beginner mistakes. Picking tops and bottoms is hard to do but with a proper money management technique, it can be done profitably.