Many Forex traders know they can make a decent profit, but most don’t have enough capital to start their own trading business. The 10X FX Profit™ framework is perfect for those who want to make more money without risking too much of their capital. It’s the easiest way to earn a decent income with forex trading if you don’t have enough money, but you know how to trade profitably.
The world of forex trading is full of traders who are stuck at low levels of profit. In many cases, the problem is that their initial account is relatively small, so it’s hard to scale it meaningfully. Does this sound familiar? Are you putting in a lot of work and research to grow your initial forex investment? Are you struggling to grow your account to the point where it can generate income?
That’s where the Forex Income Multiplier™ comes in to help Forex traders scale their success faster and without substantial initial capital.
In this tutorial, Rimantas explains how anyone can download and install two or more MT5 trading terminals and copy trades from one MT5 account to another MT5 account using the MT5 Trade Copier software.
U.S. Forex brokers and possibly some other brokers will have FIFO limitations applied to each account. It means trader or any EA is restricted to close positions only in particular order and hedge trading will be disabled too (you cannot hold BUY and SELL positions open at the same time). These restrictions cannot be changed, and anyone who is trading in such account (including EA) will have to obey these restrictions.
Local Trade Copier is capable of handling trade copying of positions on MT4 accounts with FIFO limitations including partial closes.
Local Trade Copier can do Netting of positions which is especially useful if operating on an MT4 account with FIFO restrictions.
In this short tutorial, Rimantas explains how to configure Local Trade Copier not to close specific positions.
In this short tutorial, I explain how to check if your computer and Internet connection speed is slowing down the MT4 trade copier or not? It is essential to understand that to copy Forex trades as fast as possible (in 1 second or faster) your computer and internet quality needs to be in excellent condition.
Local Trade Copier can increase or decrease the lot size of the next order if previous trade closed in a loss when Martingale Mode is enabled. Note that this is a very risky trading style so be sure you know what you are doing.
Today we will talk about a very important thing – SPEED. Especially for traders who are copying their trades to other MT4 accounts using Local Trade Copier.
In this article, I will talk about a common problem faced by traders who are copying CFD’s (Contract For Difference) using different brokers. I will also provide a solution to copying CFD’s between MT4 brokers that have different instrument specifications. This problem is difference in trading conditions of various brokers. The most significant issue is with CFD’s on major stock indices: Contract size for one broker can be 1 index, 25 indexes for another, 10, 5, etc. Some brokers allow trading a portion of a contract while others require trading full contracts only.
