Local Trade Copier
This system works in much the same way as the TradeCopier, it contains two Expert Advisors for the Metatrader 4 platform and sends out its trades on a local network to its TraderClients from the TraderServer. All the trades will be copied within a 0.5 – 1 second time scale whether they are triggered manually or by another Expert Advisors. The system works just as well on VPS as it does on any computer.
The LocalTradeCopier works with two Expert Advisors on the Metatrader 4 platform. You simply run the LocalTraderServer EA on one platform and the LocalTraderClient EA on another. The TraderClient will copy the trades sent from the server within a 0.5 – 1 second time frame. The trades can be sent to many TraderClients with unlimited MT4 accounts it makes no difference in the speed or performance of the TraderServer. The trades can be executed manually or via an Expert Advisor the copying remains the same.
Lifetime licence
Master accounts: 2
Slave accounts: unlimited
€300 EUR
We will contact You after we receive payment
Local Trade Copier features
- Can copy all trades from any number of master account(s) to any number of slave account(s)
- Works on Oanda Metatrader 4
- 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
- Limitation: does not support “Partial Close” (but it is supported in new version to be released in a few weeks)
- Any desirable features can be added individually for additional payment
Lifetime personal license
Master accounts: unlimited
Slave accounts: 2
€200 EUR
We will contact You after we receive payment
Additional LTC 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 of the account numbers for full version as well.
If you want to buy full version for different accounts, you must pay the full price.
Lifetime licence
Master accounts: 1
Slave accounts: 1
€50 EUR
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?
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.
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
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.
You can set your TraderClient to trade a specific lot size no matter what the TraderServer sends through
This enable the lot size to change by multiples of what the TraderServer sends through to the client. It might be increased multiples of the TraderServer or decreased multiples
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.
this is where you set how many pips your current market (entry) price can be away from original trade entry price.
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 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 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 feature acts in the same way as the trade profit multiplier except the principle applies to the stop loss
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.
This sets the magic number you want trader client to add to your trades
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
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
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
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
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.