Metatrader 4 copy trading: How does Copy Trade on MT4? MetaTrader Tutorial
Instead of that, they need to follow trading strategies. With the emergence of MT4 copy trading, all that has changed. With the rapid development of technology, trade signals led to so-called “mirror trading.” This type of trading enabled numerous traders to mimic successful trading strategies.
Trading multiple MT4 accounts at once Important to mention, that you can use Main or Investor (read-only) password to log in to the Master account. But it is mandatory to use the Main password when you are logging into all subsidiary accounts. Next you need to open all MT4 accounts you want to trade at the same time and log in to each of them.
Actually, there is a way to trade your master account via the mobile MT4 platform and have trades copied to clients. However, mobile mt4 does not support expert-advisors, so you still need to always have your master and client accounts running on your pc or VPS with LTC attached. After that, you can log in to your master acc on mobile and trade. Copier will calculate lot size for each client based on the difference between master account and client account balance by default. If you want to trade multiple MT4 accounts it is obvious that you need to have several MT4 platforms installed on your computer. This is quite easy and the process is the same as the regular MT4 installation.
Force Any Locked Expert Advisor To Work On Many MT4/MT5 Accounts.
There are much more settings in the Client EA than in the Server EA, but again, you do not need them all, for now. There are three ways to start an Expert Advisor in MT4 platform. Next you need to attach LTC EA on that EURUSD chart. Alternative way to open the EURUSD chart is to find it in the Market Watch window, right-clicking on it and choosing “Chart Window”. When I refresh the EA list and expand it, I see my LTC Server EA or LTC Client EA, depending to which MT4 platform I am looking at. Now that you have decided which account is the Master, note that all other accounts will be Follower accounts.
You set up a losing trader or Forex robot on a DEMO account and copy all its trades in the opposite direction to your LIVE account. I know there was a multi-terminal offered by MetaQuotes before for bigger brokers/clients, but I am unsure if it’s still around. The downside with it is that you cannot run EAs on it. All accounts must be running on separate MT4 platforms. On the second mt4 platform login to your acc with the main trading password. LTC trade copier must be running only on one chart of any currency pair.
You can place market orders, pending orders, etc. Note that all Client MT4 accounts must have the Client EA attached and running in order to mirror the same positions you open on the Master account. In most cases Client EA will work with its default settings, but in some cases you might need to set the currency suffix if your broker use any. For example if your broker has EURUSDfx symbol instead of the regular EURUSD, you might need to set the following in your Client EA if it does not detect this automatically. Such account mirroring software will repeat the same trading operations on all Client MT4 accounts.
Login to all MT4 accounts
Enter license key for LTC Server EA hereThere are a lot of settings available in LTC, and usually you won’t need them all. Right click on the EA and select “Attach to a chart”. EA will be attached to the currently active chart window. Opening New chart window from the top MT4 menuYou will see the list of symbols appear. In the picture below you see this particular MT4 offers quite a big list of symbols and EURUSD appears under FX category.
It is possible to have multiple Master accounts on the same computer too, but let’s not rush things and first start with one Master and several Client accounts. Settings button will take you to a page where you can change the installation destination folder.Below is the image showing changed installation folder name. Trade with limited knowledge – Even though you might have limited knowledge about the copy trade MT4, there’s a big learning curve involved here. It will allow you to become a profitable trader in the long run. Once receiving the message on your mobile, you’ll be able to log in to an MQL5 page to create the signal. However, our expert advice is always to try the demo version before you really get into MT4 copy trading.
How the license is limited to computers?
Looking forward to purchase your software via vps. I don’t like to have so much screen time at my laptop so I think having the LTC is not possible. Setting up symbol suffix manually in LTC Client EABut in most cases Client EA will detect this automatically and you won’t need to go through this suffix setup.
Multiple MT4 client terminals installed on the same computer/VPSNow you need to repeat the MT4 installation process twice, or five times, ten times, or whatever number of MT4 instances you need. Even if you’re installing MT4 from the same Forex broker, you can still have multiple instances installed and running on the same computer. In this video, Rimantas explains how to copy trades from selected MetaTrader 4 master accounts with the Local Trade Copier for MT4. Any stop loss or take profit changes are mirrored as well, so this makes all Client accounts to have exactly the same trades as on the Master account. If installation of any Expert Advisor is done while MT4 is running, you will not see them appear in the Navigator window. You need to restart MT4 platform or refresh the list of Expert Advisors.
Among Forex traders this type of computer program is usually called “trade copier” or “account copier”. Others call it “trade duplicator” or simply “mirror software”. All MT4 platforms by default are ready to be used for trading, but if you want to trade many accounts at once you need to enable one option. The Local Trade Copier™ will work without any special configuration and by using its default settings.
But if you need custom setup and advanced configuration, you’ll find every parameter explained in the detailed instructions manual. Beware of Ponzi investment scams that give investor password access to MT4 accounts where trades appear with a delay, and it’s too late to copy them. Local Trade Copier™ allows you to copy trades from different master accounts and merge them into one account .
You can upgrade Local Trade Copier™ to a better license anytime. You can upgrade from your member’s area in the Download Center. Look for the link “Upgrade to a higher plan using prorated price difference” in the Downloads section. For up to 150x Metatrader 4/5 terminals, choose DEDICATED SERVER FX-4 LD from the “Dedicated servers” page. For up to 25x Metatrader 4/5 terminals, choose the DEDICATED SERVER FX-1 LD from the “Dedicated servers” page.
Choose either the free or paid crypto strategy you wish to use from the list below. If you’re interested in testing the platform, we advise you to start with the demo account. It allows you to create a low-risk Investment Portfolio of multiple strategies from multiple sources like Social Trading Networks, Forex Robots, or Investor Password accounts. Use Local Trade Copier™ to connect those prop firm accounts to your MT4/5, and you will be trading on many accounts simultaneously by placing trades on your main account. Local Trade Copier for MT4 & MT5 allows you to make 100X more money on the exact same trades by simultaneously trading many accounts.
This means when you open, modify or close a trade on the Master account, the same will be done on Client accounts immediately. Save your capital – It’s unnecessary to lose your money to become a great crypto trader. With MT4 copy trading, you can rely on professionals who have the necessary knowledge, which means you’ll get to skip the line.
This is what allows this application to compare the remote trades with the trades that were copied to the client side. By implementing this technique you can trade multiple MetaTrader 4 accounts at once from just one MT4 account. This is the easiest and fastest way to transfer your trading positions to your friends, family members or your clients. This is the type of software that can make you an independent account manager, if you will. Local Trade Copier™ automatically adjusts the size of each copied trade to keep the same risk and reward percentage.
Trading Signals in MetaTrader 4 allow you to automatically copy the deals performed by other traders in real time. Many successful traders provide their Forex trades in public access either for free or for a reasonable fee, becoming signal providers. It means you must have as many platforms as you have clients installed on your computer or VPS server.
It’s important to understand that MT4 is suitable for both beginners in the crypto Universe and those with some valuable experience. The system will deliver the software access information to your email inbox immediately after successful payment. Note that sometimes email messages can get trapped in your Spam/Junk folder, so make sure you check there as well. If you don’t receive an email with the download link in 60 minutes, contact support here.
I call this the Unlock Any Forex Robot™ method, and it’s perfect for saving money and sharing Forex Robot trades to other accounts. If you have a Forex Robot which license is locked to one account only, you do not need to buy additional robot licenses. Better copy its trades from one account to many other accounts with the Local Trade Copier™.
Yes, Client EA will have a magic number of its own. Attach our Server EA on one chart on that account. Just bumped into this, what a life saver.i must use this cos been looking for a reliable remote solution for years. Thanks for the valuable content and software solutions that you offer for us, really I am glad to discover you and your works. 2 EAs on the master will not interfere, don’t worry. A question regarding chart attachment and mirroring.
