Let me address some frequently asked questions about the Local Trade Copier and how it can filter trades when copying them between multiple MT4 accounts.
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.
I will go straight to the point. If you are really serious about starting your own Forex trading signal business then the best way to learn how to do this is to read my book on this topic. I have spend several years creating and running this business and now I have put all my knowledge into the book. Click here to get my book about how to start your own forex signal business.
And before you wait for the book to be shipped to your house take a few minutes of your time to watch the video below. It will answer some of your questions about this business for sure.
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?
The Moving Average (MA) indicator is the most simple and popular one that is used in currency trading and other markets. You can not go wrong with this indicator if you use it properly. First you need to learn what is the purpose of this indicator and how you can use it in your trading. Choose the one tat seems that seems useful for you and keep using it when you trade currencies in Forex market or anywhere else where you can apply this indicator.
Trading Forex is an increasingly popular choice these days, especially with the amount of information and advice available, and if you are reading this you will already be familiar with the subject. We are here to talk about Metatrader 4, and the various offline charts that can be used in conjunction with this excellent trading platform. As the most popular trading platform of all, Metatrader has become the staple choice for Forex traders, so let’s have a look at the various offline charts that the system utilizes.