Copying CFD’s Between MT4 Brokers With Different Contract Specifications
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.
Network Connection Latency Impact to Forex Trade Copier Speed
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.
Martingale Mode in MT4 Local Trade Copier
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.
How to upgrade to the latest version of the Local Trade Copier
Let me give you a short and straightforward explanation of upgrading to the latest version of the Local Trade Copier.
New MT4 Local Trade Copier version 2.9.6 “Kilauea” has been released
I have just released the new Local Trade Copier version 2.9.6 “Kilauea” named after the currently active shield volcano in the Hawaiian Islands.
Local Trade Copier is like a Forex auto copier software for MetaTrader 4 client terminal which allows retail Forex traders share trades with friends and family.
How to know if my computer and internet speed is not slowing down the trade copier
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.
How to tell MT4 trade copier not to close specific trades but keep updating them
In this short tutorial, Rimantas explains how to configure Local Trade Copier not to close specific positions.
Client EA has a unique parameter called MarkAllTrades_DoNotClose. We’ve added it for advanced users who have lots of open positions that should not be closed by the Client EA.
It can get quite advanced because you can mark which trades cannot be closed by the Client EA and you can also do this from your Expert Advisor or even manually. Usually, only advanced users require such functionality, and therefore this parameter is available just for the VIP plan.
MT4 Trade Copier limitations with Netting on FIFO accounts
Local Trade Copier can do Netting of positions which is especially useful if operating on an MT4 account with FIFO restrictions.
How to use Local Trade Copier in Netting mode on MT4 accounts with FIFO limitations
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.
LTC Server EA Settings and Parameters Explained (Inputs tab)
Let me walk you through all the parameters that you will find in the Server EA of the Local Trade Copier. You will see those settings once you attach the Server EA to the chart.
Useful read: How Forex Trade Copier Works on MT4. A simple step-by-step explanation of how to use a trade copier on MetaTrader 4.
Now let’s get to the settings of the Server EA.