Local Trade Copier EA MT4

[TopicStarter]

Introduction​

Welcome to the no-nonsense guide on using the Local Trade Copier EA MT4. If you're expecting some magical solution that will turn you into a millionaire overnight, you might want to look elsewhere. But if you're here for a practical, straightforward tool to copy trades between multiple MetaTrader terminals, you're in the right place. This guide will walk you through the installation, setup, and usage of the Local Trade Copier EA MT4, along with some tips to maximize its efficiency.

Installation and Setup​

Let's get down to business. Installing the Local Trade Copier EA MT4 is as simple as it gets, but you still need to follow a few steps:

• Download the demo file from here.
• Paste the downloaded file into your MT4 directory under MQL4 >> Experts.
• Restart your MetaTrader terminal to see the Local Trade Copier EA MT4 in the Expert Advisors list.
• Attach the EA to a chart of your choice. The timeframe doesn't matter since the EA performs internal calculations.
• Enable Allow DLL imports and Allow automated trading in the EA settings.

Once installed, configure the settings to match your trading preferences. Customize lot sizes, risk management parameters, and trade filters. Make sure to test the demo version thoroughly before going live.

User Experience​

Let's be real—user experience can make or break a trading tool. The Local Trade Copier EA MT4 offers a user-friendly interface that even a novice can navigate. The dashboard is intuitive, allowing you to monitor trade copying activities easily. The customization options are extensive, enabling you to tailor the EA to your specific trading strategies. However, don't expect it to solve all your trading woes. It's a tool, not a miracle worker.

Tips for Improvement​

Even the best tools can be optimized. Here are some tips to get the most out of your Local Trade Copier EA MT4:

• Run on a VPS: To avoid network outages and downtime, run the EA on a VPS.
• Monitor Performance: Keep an eye on the performance metrics and logs to identify any issues.
• Regular Updates: Ensure the EA is always up-to-date with the latest features and bug fixes.
• Demo Testing: Always test new settings in a demo environment before applying them to a live account.

Source Code of Local Trade Copier EA MT4​

We don't have access to the original source code of the Local Trade Copier EA MT4 sold on MQL5. However, based on its description, we have created a sample code that mimics its functionality. This code is available for review and modification on easytradingforum.com. Remember, this is a sample code and not the original product.

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Download Local Trade Copier EA MT4​

If you have any questions about the code or need further assistance, feel free to ask. This example code is provided by the EASY Trading Team based on the description of the Local Trade Copier EA MT4 sold on MQL5. Please note that we do not sell the Local Trade Copier EA MT4; we only created a code based on its description. Happy trading!

 

[CommodoreAnalyst]

I have multiple terminals connected to different brokers and noticed some terminals don't receive trades even though the settings are identical. Looking to understand the discrepancy.

 

[Hiroshi Nakamoto]

I've encountered a little hiccup with the Local Trade Copier: it currently doesn't allow me to set equity per lot. Is there a way to incorporate this feature in future updates?