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?
If you are like some other clever traders you may have formulated the idea that ‘reversing’ your trades might hold the key to profitable trading in the future. Could this be true? Is it possible to reverse losing trades so that they become winning trades?
Indeed it is possible and in addition it is quite a clever thought. The application of such can be difficult however… unless you have the right tools to do so properly. With the Local Trade Copier, I have build the ‘reverse trades’ function into the software specifically for this purpose. The idea is rather simple in concept: find a system that loses money consistently and reverse the trades so that it becomes profitable instead.
How does the Local Trade Copier Reverse Trades?
You can set the trade copier Client EA to reverse every trade it receives from the Server EA. So when you open BUY trade on the master MT4 account, a SELL trade will be opened on the slave MT4. And when you open SELL trade on the master MT4, a BUY trade will be opened on the slave MT4. Pending orders are reversed as well.
Did you noticed that most Expert Advisors and trading systems can make profits for some time, but then suddenly lose it all in a few days? Or have you ever tried to trade Forex manually and almost every single trade you enter turned out to be a loss?
With the Local Trade Copier “Reverse Trading” feature you can have these trades reversed so they now become winners on the slave account! Think for a moment about the possibilities…
Legal solution for US Citizens to comply with FIFO rules
You can even reverse your trades even on U.S. accounts (NFA regulated). Using this feature you are copying and reversing the trades to another MT4 account which allows you to not have trades of opposite directions on the same currency pair. This is a brilliant way for US-based traders to still place the trades they need to place for successful trading.
Watch this video below to see the “Reverse trading” in action.
List of orders and how they can be reversed on the slave MT4 account
|Trade on the MT4 master||Trade on the MT4 slave|
|BUY STOP||SELL LIMIT|
|SELL LIMIT||BUY STOP|
|SELL STOP||BUY LIMIT|
|BUY LIMIT||SELL STOP|
Client EA will use the same stop loss and take profit prices so the Stop Loss on the master account is the Take Profit on the slave account. And the Take Profit on the master account is the Stop Loss on the slave account. EA allows to swap SL and TP values if needed. You can widen or lower SL and TP values by setting multiplier using the TakeProfitMultiplier and StopLossMultiplier settings.
The Reverse Trades feature is included in the LTC Personal, LTC Manager, LTC VIP and Remote Trade Copier.
Challenge with reversing based on broker price spread
Price mismatch is possible in reverse trading because of the spread if you use market orders. We cannot eliminate the spread so please be aware that if your trade on the master account was closed in loss of 3 pips, your reversed trade on the slave account will be closed at zero pips profit if you have spread of 3 pips on the slave. This is an unavoidable fact about using a trade reverser and is part of the game.
An effective ‘reverser’ strategy will usually come from a losing system that usually has rather large loss trades (large in terms of pip count, rather than related to the lot size of each trade). If you can find a system that has a high percentage of losing trades and also has a large pip loss on each trade then you may have the perfect starting point for reversing the trading effectively and profitably.
Versatile trade copying options
With the LTC it is even possible to use the Server EA and Client EA on the same MT4 account and do the reverse trading on a single MT4 platform. In such case please do not forget to set the Server EA to ignore trades with the same magic number as your Client EA use. Also you should use bigger lot size to cover the loss of the losing trade and keep in mind that “reversing trades” on a single MT4 platform is not possible on a U.S. account.
There are so many different ideas for reversing trades and turning them into profits. You could find a robot that doesn’t work very well (after all, how many out there do you know of that consistently are profitable?) and then reverse those trades. If you are not consistently profitable yourself as a trader then you may wish to try reversing your own trades. You will learn a lot through the process. But regardless of which route you take, brainstorm for a minute or two and you will likely come up with a half dozen different ideas for reversing trades and turning a profit.
You may be interested to read this story that was shared by one of my customers, it is called “My Friend Bob is an Awful Trader. But He’s a Gold Mine!”
Now if you like this idea to reverse your trades you may want to test the Local Trade Copier software for 30-days.