Local Trade Copier – Trade Copier for MT4 & MT5

CloseBy transactions copied to MT4 client account

Rimantas Petrauskas

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In this video I demonstrate how Local Trade Copier handles CloseBy operations. Any trade can be “closed by” an opposite trade to avoid paying commissions twice. If this is done on the master account the trade copier app will do the same on all client accounts.

Related posts:

  1. Partial close transactions copied to MT4 client account
  2. Ghost Trades on MT4 Client Account and How to Deal With Them
  3. Adding Client Account To Existing MT4 Trade Copier Setup [Checklist included]
  4. Per-Account Risk Settings for Copied Trades: A Practical Guide

About the author

Rimantas Petrauskas

Rimantas Petrauskas is a software developer who has built trading tools for MetaTrader traders since 2009. He created Local Trade Copier in 2010 and still develops it today. It copies trades locally between MT4 and MT5 accounts on a trader’s own PC or VPS. He also created FxMagnetic and Equity Sentry EA. Rimantas is the author of two books: “How to Start Your Own Forex Signals Service”, which reached #4 in Amazon’s Forex category in its launch week, and “Trading Mindset Unlocked” (2025), a guide to the psychology of prop and retail traders. He runs Algonexis Technologies, based in UAE.