Hello my dear readers and future trade copiers. I have spent the last few months working hard on creating this Definitive Guide to Forex trade copying. My aim with this guide was to create the most complete and in depth overview of the trade copying process available on the market today. I hope that I’ve come close to my goal and that you’ll find my guide useful.
Here’s a snapshot of what you will learn with my 13,000-word trade copying guide:
- Introduction – A general overview of what this guide contains.
- CHAPTER 1: The tools you will need to copy trades – goes into the tools you will need in order to start the trade copying process. The basic tools include a MetaTrader 4 platform, a trade copier software and a virtual private server.
- CHAPTER 2: Plan your Trade Copy campaign – this chapter discusses the many different trade copying setups: copying trades from one account to another, copying trades from one account to many different accounts or copying trades from many accounts to a single trading account. It also expands on the possibilities with trade copying. A signal provider can copy the trades from his account. A Forex trader can use the reverse trading feature in the software to copy losing trades and reverse them for a profit.
- CHAPTER 3: Installing multiple MetaTrader 4 platforms – provides a detailed step by step guide on how to install multiple MetaTrader 4 platforms and how to prepare them for the application of the trade copying software.
- CHAPTER 4: Local Trade Copier Server EA & Client EA installation – how to install and properly configure the Local Trade Copier Server and Client EAs.
- CHAPTER 5: Copying trades between MetaTrader 4 platforms – this chapter gives an overview of the trade copying process. The section also goes into some of the special settings of the Local Trade Copier, like the ability to partially close trades, the different money management features that the tool contains or the stop loss and take profit manipulations that can be applied by using the software. A must read chapter.
- CHAPTER 6: Getting a VPS server for uninterruptable software operation – What is a Virtual Private Server? How can you get one? While you can run the LTC software without a VPS, it is highly recommend to get one. This chapter goes into the process of setting up a VPS and configuring the Local Trade Copier so that it can operate in the new server environment.
- CHAPTER 7: Duplicating trades to slave accounts located on multiple computers or VPS servers – self-explanatory, the section talks about how to duplicate your trades to accounts located on multiple computers or VPS servers
- CHAPTER 8: Reverse trades to profit from losing positions – how to setup the LTC’s reverse trading mode so that you can make a profit from bad EAs or losing traders.
- CHAPTER 9: Hedge copying on U.S. accounts – bypass NFA’s trading limitations with the help of my trade copying software. How to enable hedging on US based trading accounts.
- CHAPTER 10: Overcoming common trade copying roadblocks – In this chapter I discuss and offers solutions to the most common roadblocks and misconceptions people have about trade copying. Do I need a real money account or expensive servers in order to copy trades? This section offers answers to these questions and a lot more.
- CHAPTER 11: The other side of trade copying. Using additional software to add more security to your trades – provides an overview on how to prevent your Dealing Desk broker from running your stops. I write about how you can use additional software to apply hidden stops to your trades.
Click here to read The Definitive Guide to Forex Trade Copying.
Conclusion
My hope is that you like The Definitive Guide to Forex Trade Copying. I will do my best and try to keep the guide updated, but I will need your help with this. Please leave a comment below if you think that anything needs to be fixed or something is missing. Or maybe something is still not clear for you after reading it all?
P.S. Don’t forget to tweet about The Definitive Guide to Forex Trade Copying.
P.P.S. You would be doing me a HUGE FAVOR by reading The Definitive Guide to Forex Trade Copying, sharing it via Twitter and Facebook, and by leaving me a comment to let me know what you think.
Killer! =) This is wonderfully in-depth and useful for trade copying. It’s too much to take in with just one read but THAT’S A GOOD THING!
I always like in these guides from you how much detail there is on ALL aspects of the topic… I am really hoping we can find the perfect “bad ea” to reverse with this strategy because it is a good one. I once had one that was a little bad and I reversed it with your local trade copy software and it made about 10% the first month. (why oh why did I stop this test?!)
Thanks for the great reminder and guide here! 🙂
john
I wanted to add also what I noticed in Chapter 2… the idea for starting up a trading signal service. It is a fantastic idea if you are a profitable trader I think…. every trader that I can imagine would just like to subscribe to a monthly service and then have their account grow.
Using this trade copying strategy shared in Chap 2 is a great recipe for starting such a business. 🙂
Yes, John. I encourage all Forex traders to start their own trading signals service. I have done this myself few years ago and I am very glad I did that. Now I am teaching others how to do this. Stay tuned for more content on this and my renewed eBook that should be released soon.
Regards,
Rimantas Petrauskas
John,
I appreciate your kind words. You should really get back to testing your “bad ea” again. It could your potential winner system.
Excellent work. Great effort. The next on your list is to promote and market this to many fx portal. Like dailyfx, fx street, forex magnate, forex crunch. Etc.
Setup an adwords account, buy keywords and start attract traffic to convert.
Setup a Facebook ad and do the same.
I wish I can write and flood my blog with words like u. I’ve already come up with headlines on definitive guides as well as death match where classic indicators versus price action. Etc…
Way the go.
I’ll promote for you on my Facebook page. Or you can buy gigs from fiverr to get more likes.
Regards
David
Dear David,
thank you for such a kind words. Marketing for this piece of content in step 2 and this is what I am planning right now. It takes more than just to create an ad and is usually a hard work, but it’s always worth it.
Just like you were not making profit except for the last 10 months, I wasn’t able to even write a short blog post 10 months ago. But I started to learn and now I am proud to write bigger pieces of content that can be useful for my readers and customers. It’s a good feeling when it’s written by me and when there people like my work.
I will be glad to work on a guide together with you which we can then post either on your or my blog. Contact me for more information if you like this idea.
Regards,
Rimantas Petrauskas
I’m very impressed. thanks a bunch. sharing now on Facebook
Dear Ayodeji,
thank you for your kind words. I am glad you like my work. And thank you for sharing this on your Facebook wall.
Regards,
Rimantas Petrauskas
Excellent guide! Now all I need is a consistent winning or losing strategy and I would have lots of use for your trade copier. Thanks
Brandon,
thanks for the feedback. You may be interested to visit my other blog at ea-coder.com for ideas how to find profitable Forex trading robot.
Regards,
Rimantas Petrauskas