Remote Trade Copier and Local Trade Copier both have a MaxPriceDeviationPips feature built-in. The Max Price Deviation parameter tells the Trade Copier EA the max price distance allowed between the initial trade entry price on the master MT4 account(s) and the current market price on the slave MT4 account(s). It is an important safety feature that can keep you out of some unwanted trades.
As you may already know that most of the Expert Advisors and Indicators for Metatrader 4 have Email delivery feature built-in. The most recent Forex robots even have Push Notifications feature which is better as you can get the notification directly to your mobile device like Android or iPhone. Both features are useful, but need to be configured in your MT4 options window before you can use them. Here is simple explanation how to do that.
The Local Trade Copier has Reverse-Trade technology built-in that will help you turn your loosing trading system or Expert Advisor into a winner. Have you noticed that it is much easier to lose money in trading than it is to make money? In part this is because of the broker spreads and the cost of placing orders, but overall trading is extremely difficult and as the statistics go, 95% of traders fail to make money. It is a simple fact that most traders fail to ever make money consistently. But does this mean there are not other ways to make a profit with trading?
There is a relatively new concept that has become increasingly popular in the Forex trading community. The basic idea is that a person can copy trades from one trading platform to another, or from one trader to another. This idea is accomplished by using a tool called a trade copier. A trade copier pretty much does exactly as the name implies – copying trades from one Forex trading account (MetaTrader terminal) to another.