Local Trade Copier
The Local Trade Copier uses files to exchange trade list and information between master and slave account. You can have unlimited master accounts and unlimited slave accounts as long as your computer or VPS server can handle them. LTC system was designed to run on the local computer or VPS for personal use or trade managers that handle clients MT4 by themselves. This is why LTC does not have management website like Remote Trade Copier. You need to run special Expert Advisor on the Metatrader 4 master and slave account(s) 24/5 in order to send/receive all trades. LTC software can run on a VPS server(s), this way you are not required to run your computer all the time.
This Forex trade copier works with two Expert Advisors on the Metatrader 4 platform. You simply run the Server EA on one MT4 platform and the Client EA on another. The Client EA will copy the trades sent from the Server EA within a 0.5 – 1 second time frame. The trades can be sent to many MT4 slave accounts. It makes no difference in the speed or performance of the Server EA. The trades can be executed manually or via an Expert Advisor the copying remains the same.
You can even use Local Trade Copier on a multiple computers/VPS to copy trades from the same master account(s) to an unlimited slave account, just need to run the same master account (investor password) on every computer/VPS together with the slave accounts. If your computer/VPS can handle 10 slave + 1 master account and you have 5 computers/VPS, you can copy trades to 50 slave accounts with no problems. Multiple scenarios are available how to copy trades from multiple master accounts to multiple slave accounts.
Local Trade Copier features
- Can copy all trades from any number of master account(s) to any number of slave account(s)
- Now supports “Partial Close”
- Works on Oanda Metatrader 4
- Improved Local Trade Copier Dashboard (Blue Box)
- Symbol conversion table on external file
- Different types of money management settings
- Trades can be copied from any Metatrader 4 account including investor password accounts
- Master and slave accounts can have different account balance
- Reverse Trades technology will help you turn your loosing trading system or EA into a winner
- Take Profit and Stop Loss levels can be counter-changed (reversed)
- Take Profit and Stop Loss Multiplier technology
- You can choose which currency pairs you want to trade and those you want to ignore
- EA can copy pending orders as they are or only when they gets triggered on master account
- Pending orders are copied with Expiration value if it exists
- All trades are copied within a 0.5 – 1 second time scale in any market conditions
- Copier is very fast because it synchronize trades 2 times every second
- Local Trade Copier does not use internet which makes it even more faster
- Can handle different currency pair names between master and slave accounts
- Intelligent Error Handling technology
- Can copy trades between different Forex brokers
- Can copy all trades whether they are triggered manually or by another Expert Advisors
- Compatible with all Forex brokers including ECN, DD, 4 and 5 digit brokers
- Does not require any additional software
- Smart Trade Identification technology
- Compatible with all Windows OS versions
- EA is designed for Metatrader 4 platform
- Works just as well on VPS as it does on any computer
- You can filter or exclude which trades to copy by magic number or “trade comments”
- You can shift entry price by certain amount of pips on slave account
- Any desirable features can be added individually for additional payment if you purchase unlimited version
Please note that license is permanent and can not be changed whether you choose demo or real MT4 account(s).
LTC (Personal)
Price for lifetime license €200 EUR
Unlimited master accounts
Slave accounts: 2
We will contact You after we receive payment
LTC (Manager)
Price for lifetime license €300 EUR
Master accounts: 2
Unlimited slave accounts
We will contact You after we receive payment
LTC (Unlimited)
Price for lifetime license €600 EUR
Unlimited master accounts
Unlimited slave accounts
We will contact You after we receive payment
Additional LTC account
Price for lifetime license €40 EUR
We will contact You after we receive payment
Local Trade Copier Light
Now you can purchase Local Trade Copier Light. This is the best way to try this software. It is a lifetime license that will work on 1 master and 1 slave account of your choice. Light version does have only basic features
- Will copy all trades from 1 master account to 1 slave account
- Works on Oanda Metatrader 4
- Copies the same Stop Loss and Take Profit levels and update them when they are changed on master account
- Closes the trades on slave account when they are closed on master account
- You can set folder where trades files will be created for synchronization
- You can set Magic Number
- You can set Lot Multiplier
- You can set Currency Name Sufix
- Trades can be copied from any Metatrader 4 account including investor password accounts
- Master and slave accounts can have different account balance
- All trades are copied within a 0.5 – 1 second time scale in any market conditions
- Copier is very fast because it synchronize trades 2 times every second
- Local Trade Copier Light does not use internet which makes it even more faster
- Can handle different currency pair names between master and slave accounts
- Intelligent Error Handling technology
- Can copy trades between different Forex brokers
- Can copy all trades whether they are triggered manually or by another Expert Advisors
- Compatible with all Forex brokers including ECN, DD, 4 and 5 digit brokers
- Does not require any additional software
- Smart Trade Identification technology
- Compatible with all Windows OS versions
- EA is designed for Metatrader 4 platform
- Works just as well on VPS as it does on any computer
If you decide to purchase full version after using Local Trade Copier Light you can pay the price difference if you use one or both of the LTC Light account numbers for full version as well.
If you want to buy full version for different accounts, you must pay the full price.
Please note that license is permanent and can not be changed whether you choose demo or real MT4 account(s).
LTC (Light)
Price for lifetime license €50 EUR
Master accounts: 1
Slave accounts: 1
We will contact You after we receive payment
Minimum System Requirements
- Windows 2000 / XP / Vista
- 1.0 GHz or faster CPU
- 512 MB RAM (1GB recommended)
- Modem/connection speed 36.6 Kbps or faster
- Internet Explorer version 6.0
- We strongly recommend using a cable/DSL modem or other broadband connections for best performance
You can have a TraderServer EA sending trades to the Local TraderClients; another TraderServer (illustrated as Trade Server 2) can pick up those trades from the TraderClients EA and pass them on to further) TraderClients EA’s.
How Does The Local Trade Copier Work?
It is important to realize that when purchasing any trading software that you watch it in action through an investors password. An investor’s password gives you the opportunity to log into a live Metatrader account, with read only privileges so you can see the system operational. This allows you to copy trades to your Metatrader account using Local Trade Copier.
In the screen shot below You can see the 2 Metatrader accounts running on the same computer.
First account is the investor (read-only) account (master) and the second account is TraderClient Metatrader account (slave).
You can have more than one account running on the same computer to duplicate the trades to these TraderClients accounts at the same time.
In the screen shot below You can see the 2 Metatrader accounts running on the same computer.
First account is the investor (read-only) account (master) and the second account is TraderClient Metatrader account (slave).
You can have more than one account running on the same computer to duplicate the trades to these TraderClients accounts at the same time.
In the above screen shot you can see new Local Trader Copier dashboard (Blue Box) with icons.
When dashboard icons are gray they are inactive. When they turn red it means they indicate something. Detailed explanation is available in the manual after purchase.
When dashboard icons are gray they are inactive. When they turn red it means they indicate something. Detailed explanation is available in the manual after purchase.
In the above screen shot you can see the LocalTraderServer’s EA input settings.
Note: You can leave the default settings as they are and the EA will work within those parameters once initialized.
Note: You can leave the default settings as they are and the EA will work within those parameters once initialized.
In the above screen shot you can see the LocalTraderClient’s EA input settings.
Note: You can leave the default settings as they are and the EA will work within those parameters once initialized.
Note: You can leave the default settings as they are and the EA will work within those parameters once initialized.
Local Trade Copier Inputs
RiskRatioServer
the most popular money management mode to choose that will follow exact same risk as signal provider account even if your account is of different size. If master account risk 5% on a trade, client EA will risk 5% on your account too according to your account equity. You can set ratio to any value to control risk size. If you set this value to 1.5 your risk will be 7.5%. Note that master account can have different risk on every trade and client EA will handle that as well. To enable this money management mode you must set FixedLotSize, LotMultiplier and RiskPercent to zero.
the most popular money management mode to choose that will follow exact same risk as signal provider account even if your account is of different size. If master account risk 5% on a trade, client EA will risk 5% on your account too according to your account equity. You can set ratio to any value to control risk size. If you set this value to 1.5 your risk will be 7.5%. Note that master account can have different risk on every trade and client EA will handle that as well. To enable this money management mode you must set FixedLotSize, LotMultiplier and RiskPercent to zero.
FixedLotSize
Enter the lot size you want for each trade. If money management settings are set incorrectly EA will use FixedLotSize by default. To enable this money management mode you must set RiskRatioServer, LotMultiplier and RiskPercent to zero.
Enter the lot size you want for each trade. If money management settings are set incorrectly EA will use FixedLotSize by default. To enable this money management mode you must set RiskRatioServer, LotMultiplier and RiskPercent to zero.
LotMultiplier
This variable is used to set different lot size on the client side using multiplier. Lot size that your signal provider will use on his account will be multiplied by this value. Please see examples of how LotMultiplier is used at the bottom. To enable this money management mode you must set RiskRatioServer, FixedLotSize and RiskPercent to zero.
This variable is used to set different lot size on the client side using multiplier. Lot size that your signal provider will use on his account will be multiplied by this value. Please see examples of how LotMultiplier is used at the bottom. To enable this money management mode you must set RiskRatioServer, FixedLotSize and RiskPercent to zero.
RiskPercent
This variable is used to set lot size according to your account equity in percent. This value has a limit of 10%. It means that client can not set risk higher than 10% per trade. To calculate lot size by risk in percent the trade must have stop loss. If there is no stop loss EA will delay such trade and will not execute it until stop loss is set. Client EA show “Delayed” trade counter in the Blue Box dashboard so you can see how many trades are delayed. To enable this money management mode you must set RiskRatioServer, FixedLotSize and LotMultiplier to zero.
This variable is used to set lot size according to your account equity in percent. This value has a limit of 10%. It means that client can not set risk higher than 10% per trade. To calculate lot size by risk in percent the trade must have stop loss. If there is no stop loss EA will delay such trade and will not execute it until stop loss is set. Client EA show “Delayed” trade counter in the Blue Box dashboard so you can see how many trades are delayed. To enable this money management mode you must set RiskRatioServer, FixedLotSize and LotMultiplier to zero.
WorkingDirectory
This is the folder where server EA will exchange trade list with the client EAs. By default it is set to C:\Trades\ and does not need to be changed unless you do not have disk C on your computer or want to use another folder. To have different groups of trades use different folders.
This is the folder where server EA will exchange trade list with the client EAs. By default it is set to C:\Trades\ and does not need to be changed unless you do not have disk C on your computer or want to use another folder. To have different groups of trades use different folders.
MaxPriceDeviationPips
this is where you set how many pips your current market (entry) price can be away from original trade entry price.
ReverseTrades
This feature will reverse all the trades sent by the TraderServer; but it will keep the original stop loss and limit order parameters. For example, if the TraderServer sends a Buy trade with a 35 pip stop loss and a 50 pip profit limit. The TraderClient will turn this into a sell trade with a 35 pip stop loss and a 50 pip profit limit
This feature will reverse all the trades sent by the TraderServer; but it will keep the original stop loss and limit order parameters. For example, if the TraderServer sends a Buy trade with a 35 pip stop loss and a 50 pip profit limit. The TraderClient will turn this into a sell trade with a 35 pip stop loss and a 50 pip profit limit
SwapSLTP
This feature simply swaps the figures for the profit limits and the stop loss around. If the TraderServer sends a trade with a 35 pip stop loss and a 50 pip profit limit; the TraderClient will keep the original trading direction but swap the stop loss from 35 pips to 50 pips and the profit limit from 50 pips to 35 pips
This feature simply swaps the figures for the profit limits and the stop loss around. If the TraderServer sends a trade with a 35 pip stop loss and a 50 pip profit limit; the TraderClient will keep the original trading direction but swap the stop loss from 35 pips to 50 pips and the profit limit from 50 pips to 35 pips
TakeProfitMultiplier
This is a multiplication feature of the profit limit that the TraderServer sends through. If the trade server sends a profit limit of 50 pips and you have the TraderClient set too X 1.5 then the profit limit will be changed to 75 pips. It can also work as a negative multiplication to reduce your profit limit
This is a multiplication feature of the profit limit that the TraderServer sends through. If the trade server sends a profit limit of 50 pips and you have the TraderClient set too X 1.5 then the profit limit will be changed to 75 pips. It can also work as a negative multiplication to reduce your profit limit
StopLossMultiplier
This feature acts in the same way as the trade profit multiplier except the principle applies to the stop loss
This feature acts in the same way as the trade profit multiplier except the principle applies to the stop loss
TakeProfitMoney
Take profit value in account currency. This will act as a hidden take profit and will close all trades when profit reach certain value set by this variable. By default it is set to zero and it means it is disabled.
Take profit value in account currency. This will act as a hidden take profit and will close all trades when profit reach certain value set by this variable. By default it is set to zero and it means it is disabled.
MAGIC_NUMBER
This sets the magic number you want trader client to add to your trades
This sets the magic number you want trader client to add to your trades
TradePairs and DontTradePairs
You can also choose the currency pairs that you want to trade on the TraderClient. Using the TradePairs and DontTradePairs setting you can choose which pairs you want to trade and those you want your client to ignore
You can also choose the currency pairs that you want to trade on the TraderClient. Using the TradePairs and DontTradePairs setting you can choose which pairs you want to trade and those you want your client to ignore
CurrencyNamePrefix and CurrencyNameSufix
Not all brokers use the default currency pair symbols such as: GBPUSD, they like to add a prefix at the start of the symbol or a suffix at the end. This can cause problems when the server sends a trade as it will not recognize jpxGBPUSD or GBPUSDkxf as simply being the GBPUSD. To avoid this problem we have created two external variables; the “Currency Name Prefix” and the “Currency Name Suffix”
You simply fill in the prefix or suffix with the one the broker is using and the TraderServer will then recognize it when sending the trade information
Not all brokers use the default currency pair symbols such as: GBPUSD, they like to add a prefix at the start of the symbol or a suffix at the end. This can cause problems when the server sends a trade as it will not recognize jpxGBPUSD or GBPUSDkxf as simply being the GBPUSD. To avoid this problem we have created two external variables; the “Currency Name Prefix” and the “Currency Name Suffix”
You simply fill in the prefix or suffix with the one the broker is using and the TraderServer will then recognize it when sending the trade information
IgnorePendingOrders
Many brokers use different spreads which can result in a trade being triggered on one platform when the trade has not reached that price on another. This feature combats that problem by ignoring any pending orders that are sent by the TraderServer
Many brokers use different spreads which can result in a trade being triggered on one platform when the trade has not reached that price on another. This feature combats that problem by ignoring any pending orders that are sent by the TraderServer
OpenNonTriggeredPendingOrders
This default setting will copy trades from the TraderServer that have not been triggered yet but where set up before the TraderClient started their EA. Without this feature the TraderClient would miss the trades that where set up before the EA was activated
This default setting will copy trades from the TraderServer that have not been triggered yet but where set up before the TraderClient started their EA. Without this feature the TraderClient would miss the trades that where set up before the EA was activated
ShiftEntryPips
this setting allows you to shift trade entry price by certain number of pips. At this point market orders will become pending orders on the slave account.
ShiftStops
this setting works with ShiftEntryPips. By default it is disabled and EA will not shift stop loss and take profit with the entry price. Set this value to true if you want EA to shift stop loss and take profit as well accordingly.
this setting allows you to shift trade entry price by certain number of pips. At this point market orders will become pending orders on the slave account.
ShiftStops
this setting works with ShiftEntryPips. By default it is disabled and EA will not shift stop loss and take profit with the entry price. Set this value to true if you want EA to shift stop loss and take profit as well accordingly.
RelativeShift
this setting works with ShiftEntryPips. By default it is set to true. In this case positive ShiftEntryPips number will shift trade entry forward (up fo buy trades and down for sell trades). And the negative numbers will shift the entry price back (down for buy trades and up for sell trades) which means that price will have to retrace back in order to trigger shifted trade. If you set RelativeShift=false, EA will calculate entry price by simple math formula where ShiftEntryPips will be added to entry price. So this means that negative numbers will shift entry price down and positive numbers will shift entry price up.
this setting works with ShiftEntryPips. By default it is set to true. In this case positive ShiftEntryPips number will shift trade entry forward (up fo buy trades and down for sell trades). And the negative numbers will shift the entry price back (down for buy trades and up for sell trades) which means that price will have to retrace back in order to trigger shifted trade. If you set RelativeShift=false, EA will calculate entry price by simple math formula where ShiftEntryPips will be added to entry price. So this means that negative numbers will shift entry price down and positive numbers will shift entry price up.
TimeLagTradeOpen
this setting allows you to avoid trades opened within some custom time range. This value is set in seconds. By default it is set to 0 (zero) which means this feature is disabled. Example: if you set this value to 60, this means that after a trade is received by client EA, it will ignore any further new trades for the next 60 seconds.
this setting allows you to avoid trades opened within some custom time range. This value is set in seconds. By default it is set to 0 (zero) which means this feature is disabled. Example: if you set this value to 60, this means that after a trade is received by client EA, it will ignore any further new trades for the next 60 seconds.
RemoveStringFromCurrencyName (server EA)
this value is used to change currency names of the master trades and is available on the server EA. It is very useful when broker currency names have special sufix or prefix like “FXF” or “_usd”. This setting helps you to remove those from the currency pairs and send trades to client account having standard currency names. So for example if you set this value to “FXF”, EA will change “EURUSDFXF” currency name to “EURUSD” and it will be recognized on the client side.
this value is used to change currency names of the master trades and is available on the server EA. It is very useful when broker currency names have special sufix or prefix like “FXF” or “_usd”. This setting helps you to remove those from the currency pairs and send trades to client account having standard currency names. So for example if you set this value to “FXF”, EA will change “EURUSDFXF” currency name to “EURUSD” and it will be recognized on the client side.
ExcludeMagicNumber
with this variable you can set client EA to ignore trades with the certain magic number sent from the master account. By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) client EA will ignore manually opened trades on the master account. Any other number above zero will set EA to ignore certain trades.
with this variable you can set client EA to ignore trades with the certain magic number sent from the master account. By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) client EA will ignore manually opened trades on the master account. Any other number above zero will set EA to ignore certain trades.
FilterMagicNumber
with this variable you can set client EA to receive only with the specified magic number. By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) client EA will receive only manually opened trades on the master account. Any other number above zero will set EA to receive only certain trades from master account that have specified magic number. Very useful if you send multiple trade groups from the same or multiple master accounts.
with this variable you can set client EA to receive only with the specified magic number. By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) client EA will receive only manually opened trades on the master account. Any other number above zero will set EA to receive only certain trades from master account that have specified magic number. Very useful if you send multiple trade groups from the same or multiple master accounts.
ExcludeMagicNumber (server EA)
with this variable you can set server EA to ignore trades with the certain magic number and not send them to the slave account(s). By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) server EA will not send manually opened trades to the slave account(s). Any other number above zero will set EA to ignore certain trades.
with this variable you can set server EA to ignore trades with the certain magic number and not send them to the slave account(s). By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) server EA will not send manually opened trades to the slave account(s). Any other number above zero will set EA to ignore certain trades.
FilterMagicNumber (server EA)
with this variable you can set server EA to send only the trades with the specified magic number. By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) server EA will send only manually opened trades to the slave account(s). Any other number above zero will set EA to send only certain trades to the slave account(s) that have specified magic number.
with this variable you can set server EA to send only the trades with the specified magic number. By default value is set to “-1″ which means this feature is disabled. If you set value to 0 (zero) server EA will send only manually opened trades to the slave account(s). Any other number above zero will set EA to send only certain trades to the slave account(s) that have specified magic number.
ExcludeTradeComment (server EA)
with this variable you can set server EA to ignore trades with the certain “trade comments” and not send them to the slave account(s). The trades that contains this value in the “trade comments” will be ignored and not sent to the slave account(s). This variable is case sensitive. By default value is empty which means this feature is disabled. Example: if you set this value to “Trader” server EA will not send trades with the “trade comments” like “Trader123″ or “Candle Range Trader”, but will send trades with the “trade comments” like “My trader” or “Trade 999″.
with this variable you can set server EA to ignore trades with the certain “trade comments” and not send them to the slave account(s). The trades that contains this value in the “trade comments” will be ignored and not sent to the slave account(s). This variable is case sensitive. By default value is empty which means this feature is disabled. Example: if you set this value to “Trader” server EA will not send trades with the “trade comments” like “Trader123″ or “Candle Range Trader”, but will send trades with the “trade comments” like “My trader” or “Trade 999″.
FilterTradeComment (server EA)
with this variable you can set server EA to send trades to the slave account(s) only with the certain “trade comments”. Only the trades that contains this value in the “trade comments” will be sent to the slave account(s). This variable is case sensitive. By default value is empty which means this feature is disabled. Example: if you set this value to “Trader” server EA will send only trades with the “trade comments” like “Trader123″ or “Candle Range Trader”, but will not send trades with the “trade comments” like “My trader” or “Trade 999″.
with this variable you can set server EA to send trades to the slave account(s) only with the certain “trade comments”. Only the trades that contains this value in the “trade comments” will be sent to the slave account(s). This variable is case sensitive. By default value is empty which means this feature is disabled. Example: if you set this value to “Trader” server EA will send only trades with the “trade comments” like “Trader123″ or “Candle Range Trader”, but will not send trades with the “trade comments” like “My trader” or “Trade 999″.
A Few Examples Of How a TraderClients account can benefit from The Lot Multiplier Function
Example 1: The TraderClient has a significantly larger account than the TraderServer; if the client was to stick to the same lots as the TraderServer then profits would be small in relation to the account balance. For Example, the client has an investment of 50.000; the TraderServer has a balance of 1.000. The TraderServer would probably be trading at 0.50. The Lot multiplier would initiate an increase of the agreed amount to make the amount more respective, maybe x10 so the client would be trading at 5 lots per pip.
Example 2: The same would apply if the account sizes where the other way around. If the client was to have a smaller account than the TraderServer then they are going to want to decrease the amount per lot. If the server was sending trades through at 5 per lot the trade multiplier could reduce them to 0.5.
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.