As of 12th of December, 2021, when you buy Local Trade Copier™, you’ll get both versions with one subscription. You do not need to purchase separate trade copier versions for MT4 and MT5.
But what should you do if you already have a separate subscription for MT5 Trade Copier?
Let me go through different scenarios and explain what you need to do if you want to have a Local Trade Copier™ for both Metatrader versions under one subscription.
Forex robots are costly. Chances are you want to buy a Forex robot, but you don’t have enough money. In most cases, a single forex robot license costs more than $200 or even $500 for just one account. The good news is that if you find a few of your friends (let’s call them John, Jane, and Joe) who also want to start trading with the same robot, then all of you can split the bill and buy only one license.
However, there’s still a problem here – if only one person buys the license (let’s say your friend “John”), he’ll be able to trade using his own MT4/MT5 account but not on the accounts of other people (in our example, your other friends “Jane” and “Joe”). That’s where the Unlock Any Forex Robot™ method becomes a great solution because I designed it to let you copy trades from any number of different trading robots across multiple accounts in just a few clicks.
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.
