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Trading dozens of MT4 accounts on different computers from your laptop and smartphone Speaking of a Local Trade Copier from it is so flexible that you can even copy trades between MT4 Mobile app (on Android, Tablet, or iPhone) to other MT4 accounts located on another mobile device or computer.īasically, it is possible to trade many MetaTrader 4 accounts from just one MT4 Mobile app and you can do that from iPhone or Android. Other factors to consider should include auto-scaling ability, should utilize small memory size and should be user-friendly.īut don’t stop reading if you are looking for something more than just a trade copier for MT4 to copy trades between accounts on the same computer. LTC is considered one of the finest trade copiers in the market and trusted by hundreds of traders around the world. When Rimantas Petrauskas created the Local Trade Copier he considered these and many other features. Secondly, it should give flexible risk management options to allow you adjust your risk accordingly.Ī good trade copier should also be flexible to allow you copy specific trades while filtering the ones that are not needed.
#WHAT IS THE LOG IN FOR SHARP COPIERS SOFTWARE#
When choosing a trade copier for MT4, the following should be considered.įirst and foremost, the trade copier software company should offer you technical support.
#WHAT IS THE LOG IN FOR SHARP COPIERS FREE#
MT4 trade copiers are usually based on Expert Advisors and for this reason you are free to work with any broker as long as you are using the MT4 platform. Trade size proportion and risk ratio explained in the Signal Magician remote signal delivery platform. The image below illustrates how Signal Magician, a well-known remote copy trading platform, allows setting position size (risk) proportions for each Trader-to-Client connection. Others, usually are not able to copy partial close transactions or lack some other important features like adjusting of stop loss and take profit, risk management options, etc.
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Some trade copiers will experience relay problems, some will make incorrect copies and can lead to huge losses. Users must be careful when choosing a copier as not all copiers for MT4 will work appropriately. Basically, a trade copier will be installed at least in two MT4 platforms allowing them to communicate.
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This is also known as copy trading and hundreds of thousands of people use this every day. But the truth is, a trade copier is just delivering trades. Why people use Trade Copiers in Forexįirst of all, many people confuse trade copier software with a trading signal service which operates using a trade copier.Ī trade copier will never make you money on its own and it will never trade Forex for you without a trading manager or Forex EA running on the other end.Ī trade copier is a software that will copy the trades between trading accounts and when a trading signal service uses the trade copier to deliver its trades to the customers’, people started to think that it’s a trade copier who makes the money. A trade copier works like a mirror, whatever happens in front of a mirror is reflected immediately. In a case where one of your accounts is subscribed to be receiving forex signals, then that can serve as your master account and more accounts could be linked to it using trade copier. Anytime the trader makes a trade, the same is copied in his or her account. Alternatively, amateurs in the trading world can also link their accounts to that of an experienced trader. Regardless of the computer or the location of the main trader, all his trades will be copied immediately to the slave accounts. The main trader will focus on effectively trading one account and the same will be posted in other linked accounts. Trade Copier demo: Instantly copying trade from one MT4 to other two MT4 accounts