How Forex Trade Copier Works on MT4

It’s quite easy to duplicate trades between many MetaTrader 4 accounts using the Local Trade Copier™ software and it’s lightning-fast.

Anyone with any experience using MetaTrader 4 (MT4) can set up master and client apps within 5 minutes and start copying trades immediately. In any case, there are instruction manuals included.

A simple step-by-step explanation of how to use a
trade copier on MetaTrader 4

Step 1

Multiple instances of MT4 terminal installed to copy trades between accounts using Local Trade Copier.

32 instances of MT4 terminal installed on my VPS server to copy trades between accounts using Local Trade Copier™. You can run less or more 🙂

Prepare MT4 trading terminals for copy trading

The first step is to set up several MetaTrader 4 platforms on your computer. You can do this on any Windows-based desktop PC, laptop, or VPS server. MAC users click here.

Start, configure, and log in to each MT4 account on a separate Metatrader platform.

If you want to copy trades from two MT4 accounts into other five accounts, it means you must have seven Metatrader platforms running.

  • For copy trading to work, all MT4 platforms involved must be running all the time.
  • All MT4 platforms must be running on the same computer.

 

Step 2

Choosing installation destination folder where LTC Server EA must be installed. Refresh Navigator after installation complete.

Choose MT4 platforms from the list where you want to install the LTC Server EA. Refresh the Navigator after installation is complete.

Install LTC Server EA to the Master Account(s)

Pick which MT4 account you want to operate as a Master account and install LTC Server EA. It will be your main account, and every trade you place on this account will be mirrored to other accounts by the Local Trade Copier™.

Use auto-installer to install Local Trade Copier­™ on all MT4 platforms in 1 minute. After installation, refresh the Navigator window or restart MT4 so that the Server EA appears on the “Expert Advisors” list.

  • Any MT4 account becomes a Master account once you start the Server EA on that particular platform.
  • You decide which MT4 accounts will be masters and which ones will be clients.
  • You can have any amount of MT4 Master accounts as long as your computer has enough power.
  • Master accounts are also called “server”, “provider”, or “sender”.

Step 3

Choosing installation destination folder where LTC Client EA must be installed. Refresh Navigator after installation complete.

Choose MT4 platforms from the list where you want to install LTC Client EA. Refresh the Navigator after installation is complete.

Install LTC Client EA to the Client Account(s)

Pick which MT4 accounts you want to operate as Client accounts. They will receive every trade you place on the Master account.

Use auto-installer to install Local Trade Copier™ on all MT4 platforms in 1 minute. After installation, refresh the Navigator window or restart MT4 so that the Client EA appears on the “Expert Advisors” list.

  • Any MT4 account becomes a Client account once you start the Client EA on that particular platform.
  • You decide which MT4 accounts will be masters and which ones will be clients.
  • You can have any amount of MT4 Client accounts as long as your computer has enough power.
  • Client accounts are also called “slave accounts”, “follower accounts”, or “receiver accounts”.
  • Each client account can also act as a Master account to send trades further to a different group of Client accounts. I call this the Smart Investor Bridge™ setup. But let’s not overcomplicate things for now 🙂

Step 4

Launching LTC Server EA on MT4 master account.

Launching LTC Server EA on MT4 Master Account.

Start LTC Server EA on the Master Account(s)

Open a new EURUSD chart and then attach the Server EA to it. Input your License Key and click OK to start.

Once started, LTC Server EA will begin scanning your MT4 Master account non-stop for new trades or any existing trade changes and send them to all MT4 Client accounts on the same computer.

  • Attach LTC Server EA to all MT4 Master accounts from where you want to copy the trades.
  • You can add or remove Master accounts from your setup anytime.
  • Each Master Account must have only one chart with the Server EA attached. It will copy all trades from all instruments.
  • You can start Server EA with default settings without configuring anything. You can learn all settings and parameters along the way.
  • LTC Server EA Settings and Parameters Explained

Step 5

Launching LTC Client EA on MT4 client account.

Launching LTC Client EA on MT4 client account.

Start Client EA on the Client Account(s)

Open a new EURUSD chart and then attach the Client EA to it. Click OK to start. You do not need License Key for the Client EA.

Once started, LTC Client EA will begin listening non-stop for any Server EAs running on the same computer for new trades or any existing trade changes and repeat them immediately to match accounts.

Client EA will automatically adjust lot size by default when the Client account is bigger or smaller than the Master account. This way, all Client accounts will risk the same amount in percentage.

  • Any MT4 account becomes a Client account once you start the Client EA on that particular platform.
  • Attach LTC Client EA to all MT4 Client accounts to receive the trades from Master accounts.
  • You can add or remove Client accounts from your setup anytime.
  • Each Client Account must have only one chart with the Client EA attached. It will copy all trades from all instruments.
  • You can start Client EA with default settings without configuring anything. You can learn all settings and parameters along the way.
  • You can adjust money management settings on every Client EA individually.
  • LTC Client EA Settings and Parameters Explained

 

Step 6

Forex trade copied between two MT4 accounts using Local Trade Copier.

A Buy trade copied between two MT4 accounts using Local Trade Copier™.

Copy your first Forex trade from one MT4 to another

Do a “Pending Order Copy Test” on each instrument you plan to trade. That is the best way to test if a trade copier works appropriately on each MT4 account without any risk.

A “Pending Order Copy Test” means simply placing a pending order on the Master Account at any price far away from the current market price. If the setup is correct, the Local Trade Copier™ will copy that pending order immediately to all MT4 Client accounts.

  • If any of the Client Accounts will not copy that pending order, you’ll see a “Question mark” or “Hourglass” icon turn red on the Client EA on that MT4 platform.
  • Check Experts and Journal tabs for any error messages to understand what is causing the problem. In most cases, there’s not enough money on the Client account, or the symbol has a different name (use Custom Symbol Mapping in this case).
  • Local Trade Copier™ will copy trades in 1 second or faster. If trade copier speed is slow, then you need to improve your network connection latency.
  • Local Trade Copier™ will copy all kinds of trades: Buy, Sell, pending orders (limit, stop), trade modifications, trade close signals, partial close, closeBy, etc.
  • Local Trade Copier™ will copy the trades from Master accounts regardless of who and how opened them: by another Expert Advisor, script, manually, from mobile MT4 App, or remotely, by your trade manager who’s logged in to the same Master account running on another computer.

What is Local Trade Copier™?

Local Trade Copier™ is a unique software for Metatrader 4 and 5 trading platform that allows you to copy your Forex trades in real-time from one trading account to another. It’s a must-have tool for all traders who want to multiply their profits with the help of automated trade copying!

Local Trade Copier demo: Copy one MT4 account to other two accounts

With the Local Trade Copier™, you can share your Forex & CFD trades with other people by trading in multiple accounts simultaneously. This way, you can make more money than if you trade only in one account.

Most popular ways to use Local Trade Copier™:

  • Manage accounts for other people and charge them 20%-50% off profits you generate them (10X FX PROFITS™ Method).
  • Get any Forex Robot for free and grow accounts for yourself and your friends (Unlock Any Forex Robot™ Method).
  • Make money by reverse trading a losing Forex Robot or a failing trader (Fail To Gain™ Method).
  • Create an Investment Portfolio by merging many strategy provider accounts into one MT4/MT5 account (Many To One Portfolio™ Method).
  • Generate 6-figure monthly income by managing multi-million dollar capital legally on multiple prop firm trading accounts for up to 80% profit split (Forex Income Multiplier™ Method).
  • Trade Forex on MT4 or MT5 Mobile App and have every trade cloned to many other accounts instantly & automatically.
  • Mirror trades from MT4/MT5 investor password accounts.
  • Copy MT4 Expert Advisor trades to MT5 and vice versa.
  • Share Forex trades with friends, family, and clients.
  • Become a private and independent account manager.
  • Make money trading Forex on a Demo MT4/MT5 account.
Yes, I want Local Trade Copier™ already!