Let me give you a short and straightforward explanation of upgrading to the latest version of the Local Trade Copier.
To make the Local Trade Copier copy trades with the exact same lot size, no matter what, you should use the LotMultiplier option.
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.
Today’s question about the Local Trade Copier:
How do I use the magic numbers exactly with the Local Trade Copier if I have many master and slave accounts?
Today’s LTC question is:
Trade copier gives an OrderSend error (133) and says that my broker disabled a few pairs. What does that mean?
Local Trade Copier can also copy old trades (actually open positions) from the master account. This means it is possible to copy those trades that are currently open on the master account.
Today’s question about the Local Trade Copier:
What if the slave account size is more than $500,000 and we work on 10% risk per trade? The MT4 in some brokers will not allow an open trade of more than 50 lots. So do you have a solution for this?
Today’s question about the Local Trade Copier:
Local Trade Copier doesn’t seem to be copying the trades to my subscribers and I don’t know what I am doing wrong. What should I do?
Question about the Local Trade Copier:
Can I attach a Server and Client EA to the same account so that each time a trade is placed on the master it will also have a reverse trade on the same account?
Today’s question about the Local Trade Copier:
What does the red question mark icon on the left side of the LTC dashboard mean? When I restarted the EA today it is still showing in red.