Rimantas Petrauskas is one of the most well-known programmers among Forex traders. Having more than 20+ years of programming experience, he created two of the most popular trade copiers for the MetaTrader 4 platform—the Signal Magician and Local Trade Copier. Rimantas is also a best-selling author on Amazon after his book "How to Start Your Own Forex Signals Service" hit #4 in the Forex category during the first launch week.
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Can I run an EA on the master account at the same time? And it get copied on my clients accounts?
Yes, you can run EA on the master account and copy the trades at the same time. You just need to open separate empty chart for any additional EA you want to run on MT4.
is it possible to copy someone trading my account , i mean the ea is in another computer elsewhere but i have access to the account on my own computer?
It is very simple. Login into both accounts on your computer, the MT4 account you want to copy and your MT4 account where you want to receive the trades.
Then use LTC copier on both MT4 accounts to copy the trades. My eBook and videos on this website explains this process step by step.
hi, may i know i need to attach the EA to all the currency pair ?
you need to attach LTC copier EA to only one pair. I recommend EURUSD of any time-frame, but in general it can be any pair.
i have my own ea i want to install it in my metatrader with 2 acounts coping
You should attach your EA and Server EA on the same MT4 on separate empty charts.
when copying trades, can I change lot size of account I want trades copied too? if master account is trading 2.00 lot size, can I change client account to 1.00 lot size?
Yes, of course you can change trade size. Here’s more info: https://www.mt4copier.com/risk-parameters/
if master account is trading 2.00 lot size, can I change client account to 4.00 lot size?
more info: https://www.mt4copier.com/risk-parameters/
I am sorry, but I did not find the required. Is it possible to explain with pictures or an explanatory video for this method?
And can I change the lot size at any time for the client without the need to exit the software or close the MetaTrader?
Thanks for your comment. We appreciate it.
Yes sure. You can set different risk management parameters for each client.
If you want a Lot size to be twice bigger on the client than on the master account, you need to change Client EA settings.
In client ea settings set:
1) Money management mode “Multiply by X”
2) Money management value to 2.0
Lot size will be double.
Here are videos where each risk parameter is explained. Multiply by X is there too.:
And yes, you can change the risk parameter at any time, no problem at all.
Hope this helps.
HI, are you able to hide those writings you get on your charts when you have installed the EA??
Yes, set the parameter DashboardDisplay=0
Can I copy someones account which the password is a view only (investor) trading account?
Yes, you can definitely do that. Here’s a video about copying trades from investor password MT4 accounts.
Guys Rimantas is the Mt4 Guru and the Local Trade Copier is the real McCoy.
I found out about this young man and his services a couple of years back when he was selling courses for the Auto Trading Academy.
Even thou I never purchased that product he was always kind enough of answer my questions.
After testing out a couple of the Free copiers on MQL5 marketplace but got frustrated with the over complicated installations and the fact that some of these copiers on MQL5 did not work as advertised, I started my search for a new trade copier.
Man I will say this working with Rimantas software is like driving a Rolls Royce, The rest of the copiers out their are straight trash.
Thank you Rimantas
Thanks, Anthony. Glad you like my software.
My trading account is a client account of another trader. Can I use my account to copy the trades to another account using this trade copier? Please take note my account is not master account, I am just a client of another trader’s account.
thank you for your comment on https://www.mt4copier.com/master-to-three-clients/
we appreciate it
To answer your question:
Yes you can copy these trades you are receiving from another trader to another account. In this scenario your existing account (which is also a client account of another trader) will become master account as well.
What you need to do is attach our LTC Server EA on any one chart on your account, then you need to open another instance of mt4 platform, login to account you want these trades to be copied to and attach LTC Client EA on any one chart on that account.
This way when your account receives trade from a trader it will also send this trade to your other account
Please note that if you are copying the trades from a trader using our LTC software and you already have client EA installed on your account then you will need to change some other settings as well, if not that is it.
Please contact us at firstname.lastname@example.org if you need further assistance.
Have a great day
Hello Rimantas. Can this copy process happen 100% unnoticed by the trader and his broker at all? Or does his broker see that data/trades are copied to another account and e.g. another broker, since his broker has insight into the EA (probably even on the text presented on the MT4 chart)? In that case I would have to deactivate the text on the chart and rename the EA? Because an EA called “LTC Client” is very obvious what it is doing…
Thanks for your answer
There is no way for the trader to know that you are copying, don’t worry.
Brokers can not see the text on a chart, but you can control it in client ea settings too. Setting called DashboardDisplay
Technically broker has access to the log files of course so the broker can see that you are using an Ea
Usually, brokers do not care about that but you can rename client ea to any other name if you want, it will work fine
Hope this helps.
hi, I just want to know, its possible if i ran 2 master acc in 1 vps ?
Yes sure, it is possible.
You will need to attach server ea on one chart on EACH master. Server ea and client ea has a setting called SignalProviderID.
Set first server ea SignalProviderID to 1
Set second server ea SignalProviderID to 2
Now with clients:
if you want client account to only follow one master account attach client ea and set SignalProviderID to 1 OR 2 depends on which master you want to follow
If you want the client to follow BOTH masters:
in a client account attach 2 client Eas on 2 charts
Set a magic number on each client ea to a different number. It can be any numbers but different.
Set first client ea SignalProviderID to 1
Set second client ea SignalProviderID to 2
Hope this helps
good day, this looks really interesting, my master account has two Ea’s one that opens the trades and the other then manages the risk and cuts loss at a certain point can this be replicated to clients so they get exactly the same trade management?
Don’t worry, your master account can have as many EAs as you need (there is a limit of 100 by MT4).
Simply open another chart of any instrument and attach our trade copier Server EA there. It monitors all pairs/actions from one chart.
Copier will send all trading operations to the client accounts.
Hi, can I use this EA for my own personal use ? I want to use this for one broker. I have three trading accounts with this one broker. Can this still work ? because I only have one Metatrade4 platform with the one broker but I have three accounts I would like to copy in the broker.
Yes, sure you can use it with your own accounts on the same broker. Even if it is the same broker each account must be running on a separate mt4 platform.
It means you must have as many MT4s running as you have accounts.
Here is how to have multiple mt4 accounts on the same computer/VPS.
Hope this helps.