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Overview of Local Trade Copier

Local Trade Copier (LTC) is a powerful tool designed for traders using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Developed by MT4copier.com, this software enables users to seamlessly copy trades between multiple accounts on the same computer or Virtual Private Server (VPS). It is particularly beneficial for account managers and retail traders who want to execute identical trades across various accounts without manual intervention. The setup process is straightforward, allowing users to begin copying trades within just five minutes, making it accessible for both beginners and experienced traders alike.

Key Features That Set Local Trade Copier Apart

• Effortless Trade Duplication: LTC allows for one-to-one, one-to-many, many-to-one, and many-to-many trade copying scenarios. This flexibility is crucial for managing multiple accounts efficiently.

• Smart Trade Tracking: The software employs a Smart Trade Tracking algorithm that maintains a connection between master and client trades, ensuring that no trades are left unmanaged or orphaned during the copying process.

• Customizable Risk Management: Users can adjust lot sizes automatically based on the risk percentage of the master account. This feature ensures that all client accounts maintain consistent risk levels relative to their sizes.

• Advanced Filtering Options: LTC offers the ability to filter trades based on indicators, time ranges, and other criteria. This is especially useful for traders who want to tailor their copying strategies according to specific market conditions.

• Error Handling Capabilities: The software incorporates Intelligent Error Handling technology that continuously attempts to copy trades even in the face of challenges like slippage or connection issues.

• Compatibility with Multiple Brokers: LTC works with any Forex broker that supports MT4 or MT5, making it a versatile choice for traders across various platforms.

• Virtual Private Server (VPS) Support: Running LTC on a VPS ensures that trading operations are uninterrupted, providing a stable connection and minimizing downtime.

Frequently Asked Questions

What types of accounts can I copy trades between?

Local Trade Copier can duplicate trades between any MT4 or MT5 accounts located on the same computer or VPS, regardless of the broker used. This includes both live and demo accounts.

How quickly does the Local Trade Copier replicate trades?

The software typically copies trades within a 0.5 to 1-second timeframe, allowing for real-time trade duplication under various market conditions.

Can I customize which trades are copied?

Yes, LTC provides extensive filtering options that allow users to select which trades to copy based on specific indicators or timeframes. This customization enhances the effectiveness of your trading strategy.

Is there a limit to how many accounts I can manage?

No, there is no limit on the number of accounts you can manage with Local Trade Copier. You can set up multiple master and client accounts simultaneously.

What happens if my internet connection drops?

LTC has built-in error handling that will continue attempting to copy trades until they are successfully executed on the client accounts. This ensures minimal disruption in your trading activities.

Is Local Trade Copier suitable for beginners?

Absolutely! The software comes with detailed instructions, tutorials, and a quick start guide that make it easy for even novice traders to set up and use effectively.