What is Local Trade Copier?
The Local Trade Copier (LTC) is a pair of MT4 Expert Advisors which synchronously copy market and pending orders between multiple MT4 accounts, when they are located on the same computer or VPS server. The software can be used to duplicate accounts in one-to-one, one-to-many, many-to-one and many-to-many scenarios, and it gives a lot of options to filter trades, which makes it very useful among account managers and retail traders.
LTC is the first MT4 trade copier software in the industry that can filter trades by indicators and Global Variables. LTC is also capable to filter trades during specified time ranges that you can simply create on a currency chart by drawing a rectangle object.
This software is designed for the Metatrader 4 platform and can be used with any Forex broker, any MT4 account and any currency pair.
With the Local Trade Copier you will be able to copy the trades from one Metatrader 4 platform to another as soon as they happen. This is the software that can help you become a great Forex account manager as it can duplicate multiple master accounts to any number of customer accounts. You won’t believe what Forex trading experience you will gain while experimenting with its reverse trading method; you can connect multiple master accounts, apply various trade filters and pass the remaining trades to your customers’ accounts.
Why you need Local Trade Copier?
- Tokihiko Arai, Japan
Forex Account Managers can use the LTC software to copy their master MT4 accounts to the MT4 slave accounts of their customers. This eliminates the need to open the same trade on multiple accounts manually; the trade copier software will do it automatically.
With this trade copier software you will become an independent account manager.
If you are a Forex account manager, the Local Trade Copier is a must have software for you or your business. If you are using PAMM services, then trade copier may not be better solution, but with this software you are not locked in to a single broker. You can copy trades between multiple MT4 brokers and manage accounts for anyone who has an MT4 account.
If you’re a retail-based Forex trader and have investor password access to any MT4 account, then you can copy trades to your MT4 account and have the same trading results. For example retail traders can copy trades from their signal provider’s MT4 account using an investor password. The server EA does not login directly to MT4, but you can run your provider’s master account on your computer or VPS server in read-only mode using an investor password to receive the trades.
Retail Forex traders can use our MT4 trade copier when they find a losing trading system or Forex robot. With the reverse trading mode you can set the Local Trade Copier to duplicate trades in an opposite direction. In these cases, the losing BUY trade on a master account will be a profitable SELL trade on a slave account. The same goes for losing SELL trades, on a slave account it will be reversed to a BUY trade which will be a profit.
Forex Account Managers may also use these reverse trade copying schemes for customer accounts.
With LTC you can duplicate an unlimited number of Metatrader 4 accounts from any Forex broker, of any type or account size. Give yourself more free time by trading only your master MT4 accounts, while the trade copier EA will work for you 24/5 on your VPS server, copying trades to your customer accounts. Don’t bother yourself re-calculating lot size for the slave trades; our software will do that automatically, following your master account risk percentage and adjusting it to each of the slave account sizes individually. Make use of many of the LTC software features to make your account manager business even more professional.
Local Trade Copier features
- Allows to filter trades using external “trade filter indicators”
- Revolutionary MT4 trade copier solution that can filter trades by time using on-screen rectangle objects
- All Server and Client apps work synchronously to copy the trades
- Compatible with Metatrader 4 Build 6XX. Does not work on old MT4 Build 509 anymore.
- Can copy all trades from any number of master account(s) to any number of slave account(s)
- Supports “Partial Close” when MagicNumber=0 on Client EA (see manual for details)
- Works on Oanda Metatrader 4
- Improved Local Trade Copier Dashboard
- Symbol conversion table on external file
- Different types of money management settings
- Max Price Deviation feature to protect from invalid entry prices
- 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
- LTC does not use internet and this makes it even more faster. It does not depend on any web-service
- 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
- Works just as well on VPS as it does on any personal computer
- Filter MT4 trades when copying them between accounts
- VIP license owners can order additional MT4 EA features for extra payment
For more detailed description of the LTC settings and features, please download instruction manual.
LTC v2.1 instruction manual
Software is not locked to the MT4 account numbers and you are not required to contact us if you want to use software on different MT4 account(s) later. 1 master or 1 slave means that software can be used only on one account at the same time on the same computer/VPS.
Latest articles about Local Trade Copier
- What is a trade copier and how is it used by Forex trading professionals?
- MetaTrader 4 account copier stop loss and take profit manipulations
- First account copier with external trade filtering indicators
- Revolutionary trade copier solution that can filter trades by time using on-screen rectangle objects
- MT4 trade copy speed
- Trade Copier EA money management settings
- How do you install multiple MT4 accounts on the same computer or VPS?
- Why trade copiers have trouble working on the Oanda MT4 accounts
- Emergency Stop Loss In Local Trade Copier
- Local Trade Copier – Delay of MT4 Pending Orders
- Will Local Trade Copier copy my pending orders?
- Local Trade Copier can filter MT4 trades when copying them between accounts
- Local Trade Copier used to manage Forex accounts gain 15% monthly
- Explaining Max Price Deviation Pips feature
- Reverse Mode in Trade Copier software
- Symbol conversion table on external file for trade copiers
- Local Trade Copier EA Dashboard
- Create and manage multiple replicas of your MT4 account
How does this MT4 Copier work?
The purpose of the LTC is to duplicate the same trades from one (or multiple) MT4 account (master) to another (or multiple) MT4 account (slave). This process is called “Trade Copying” and with the LTC software you can do this in an easy way completely automatically. How many accounts you are allowed to “copy from” or “copy to” depends on the license you choose. This trade copier contains two Expert Advisors that should be attached to the master and slave MT4 account(s) and they must be online 24/5 in order to copy all the trades. To make the process simple and uninterrupted we recommend using LTC on a VPS server from www.vpsforextrader.com
Once attached to the master account, the application will start sending any upcoming trades to the slave accounts. The Client EA running on the slave account will check for new trades being sent by the Server EA every second, and it will open them as soon as they are received. All trade settings like take profit, stop value and trade expiry time are copied immediately, and all trades are monitored every second, with any trade modifications being applied immediately as well.
LTC will only copy trades between MT4 terminals that run on the same computer or VPS server. There is a simple solution to running multiple MT4 terminals on the same computer and it depends on your hardware as to how many terminals can run at the same time. If you need to use more terminals in your trade copy campaign, you can simply use additional computers or VPS servers. As you may already know you can run the same MT4 master terminal (which feeds trades to your slave terminals) as many times as you want using an investor (read-only) password. This allows you to have multiple campaigns and to copy trades from the same MT4 master account on multiple computers.
With multiple money-management options, EA makes it really easy to follow the same risk for trade settings or adjust the risk to fit your needs. You don’t need to worry if the master and slave account size is not the same because EA will choose the right lot size for each trade to risk the same amount of money on all accounts. You can also set EA to risk more or less, or even use a fixed lot size for each trade.
Your master and slave accounts can have non-standard currency pair names (symbol names) and the trade copy tool will handle that easily. The server EA can remove the suffix from the symbol name and the Client EA can add a suffix when it’s required. You can also create a special symbol conversion table and store it in a file which allows the LTC application to convert between different symbol names according to your list.
LTC has a lot of other features that are described in more detail in the instruction manual.
Minimum System Requirements
- Windows 2000 / XP / Vista / 7
- 1.0 GHz or faster CPU
- 512 MB RAM (1GB recommended)
- Modem/connection speed 36.6 Kbps or faster
- We strongly recommend using a cable/DSL modem or other broadband connections for best performance
LTC Light was designed as a simple version with minimal settings and it is limited to 1 master and 1 slave account. This is the best choice for the beginners that do not want to mess with the advanced settings of the software and simply want to copy trades from one MT4 account to another.
LTC Personal was designed for the advanced traders who wants to copy trades from multiple MT4 master accounts to their MT4 slave account. This license allows unlimited master accounts and 2 slave accounts to be used.
LTC Manager was designed for the advanced account managers and traders who wants to copy trades from 1 master account to multiple MT4 slave accounts. This license allows 2 master and unlimited slave accounts to be used.
LTC VIP was designed for advanced users. This license does not have any limitations and you can use it on an unlimited master and unlimited slaves. You can even have different trade groups on the same computer. You can have a Server EA’s sending trades to the Client EA’s and then another Server EA can pick up those trades from the Clients EA’s and pass them on to further Clients EA’s. This may sound confusing, but you really have the freedom to copy the trades among multiple MT4 accounts with the LTC VIP license.
Local Trade Copier example on MT4 account
In the screen shot below You can see the 2 Metatrader accounts running on the same computer.
First MT4 account will act as the master account (it can be investor read-only account as well) and the second one is the MT4 account that will act as a slave. You can have multiple master and multiple slave accounts running on the same computer/VPS to duplicate the trades to at the same time.
In the above screen shot you can see new Local Trade Copier EA Dashboard with the icons.
When the dashboard icons are gray they are inactive. When they turn red it means they indicate something like “trades delayed by broker” or “not enough money”. Detailed explanation is available in the instruction manual.