In this video I demonstrate how Local Trade Copier handles partial close (a.k.a. scale out) operations. Any trade can be partially closed on the master account many times and forex trade copier will do the same on all client accounts.
In this video I demonstrate how using the Local Trade Copier it is possible to copy only certain type of trades or pending orders. For example you can set the trade copier to copy only BUY trades or only SELL STOP and BUY STOP pending orders.
In this video, I demonstrate how SplitLots function works in the Local Trade Copier and also explain what it does and how it helps if you trade big volume position size.
IMPORTANT! SplitLots function does not take partial closing (a.k.a. scaling out) into account. If you close a portion of a master trade, the Client EA might close all trades (occurred from SplitLots) on the client account or, it might be closed only after you fully close master trade.
In this video I demonstrate what happens when you get Ghost Trades with the Local Trade Copier and also show an easy way to remove them.
In this video, I demonstrate how you can copy Forex positions from MT4 accounts if you have just investor password (read-only) access. That is relatively easy with my forex trade copier.
If you are a signal provider or want to copy Forex trades to MT4 accounts of your friends and family, you can easily do that using the Local Trade Copier.
In this video I demonstrate how Local Trade Copier can work with other MT4 Expert Advisors (apps) without conflicts.
Here’s how you can check if Client EA will try to close any open trades on startup:
- Set the same MagicNumber value as used by previous Client EA.
- Set AcceptNewTradeSignals=FALSE
- Set AcceptTradeModifySignals=FALSE
- Set AcceptTradeCloseSignals=TRUE
- In the COMMON tab deselect “Allow live trading“. This will take away permissions for the Client EA to make any trading operations, even if Client EA has AcceptTradeCloseSignals=TRUE
- Click OK to load the Client EA.
- If Client EA fails to load and gives an error about “Allow live trading” being disabled, it means it is trying to close open trades. At this stage you need to find why Client EA cannot match open trades on the client account with the trades on the master account. Check MagicNumber.
- If Client EA loads fine and “server read” counter is growing, it means Client EA is not trying to close any open trades. At this stage it is safe to run Client EA with your desired settings, but still the same MagicNumber value as used by previous Client EA.
This video demonstrates how to set the trade copier to accept or ignore open/modify/close commands.
This video shows how to set Local Trade Copier Client EA to not close copied positions following master, but rather wait until they hit SL/TP.
This video demonstrates how to change trade instrument during copy trading. In this example I turn EURUSD trade into USDCHF trade using Local Trade Copier.