Imagine this simple scenario. All of them are running on your computer at home. Do you know you can link all of these MetaTrader accounts together and open positions in each of them at the same time? Even more, you can log into the same Master account A from ANOTHER computer 2 to execute trades there and have them replicated into each and every Client account running on the first computer 1. And not just that, you will also learn how to trade multiple MT4 accounts from different computer, which means you will be able to trade many accounts from your laptop while traveling.
Many people think that it is not possible to do this, to trade MT4 accounts from different computer or device, but the truth is, it was always possible at least for the last several years , but somehow not many traders talk about it. The thing is that MT4 allows to run multiple instances of the same trading account on several devices and computers anywhere in the world.
This means you can have your MT4 account running on your computer at home in United States and at the same time have the same MT4 account running on your computer in the office. Additionally, you can give the same MT4 login details to your account manager in Singapore and also give read-only account access to a friend from Australia. Now your account manager can initiate trades in your MT4 account in Singapore while you can see them in the very same MT4 account of yours on your home and office computers in United States.
Also, your friend in Australia will be able to see your trades too. All that need to be done is MT4 platform installed and the same MT4 account login information entered in all of these MT4 instances. Now the real magic begins when you can actually repeat the same trades you see in your MT4 account on your computer, to many other MT4 accounts of your family or friends.
Why would anyone want to do that you might ask. This is normal and it is called profit sharing. In that case you are the one who can take half of profits from each of those 10 client accounts. All you need to do is to copy all trading actions from your MT4 account managed by the Singapore trader to those 10x MT4 accounts of your family and friends. When you have such setup you can even manage trades in your MT4 account A from any other computer you want. It could be a computer in your office or your laptop or it could be your smartphone.
Let me explain the process in detail, but before I begin, you should already know that you can install multiple MT4 platforms on the same computer. If you do not know how to do this then let me give you a short explanation. Installing several MT4 platforms on the same computer is easy and the best part about this is that you can have multiple platforms even if they are from the same broker.
The trick is simple. All you need to do is to repeat MT4 platform installation 11 times on the same computer following our example above to install one master account A and 10 client accounts B1, B2, B3, etc.
Simply initiate MT4 setup and set different and unique installation location for each of those platforms. This is done at the very first window of the MT4 installation wizard like illustrated in the picture below. MT4 installation settings at the very first window of installation wizard.
In that case you would not get an option to choose a folder for your MT4 installation. Usually I always add numbers at the end of the installation folder name and program group name. This allows you easily to identify each MT4 platform later. Local Trade Copier is a special add-on for MT4 platform created by Rimantas Petrauskas , which allows you to replicate the very same trading actions on many MetaTrader 4 accounts simultaneously.
LTC comes with a special auto-installer so it is very easy to install it on any computer. This means installation can be done instantly on all MT4 accounts at once. LTC installation is done in two steps. Once you execute the LTC Client EA auto-installer you will see a window like the one below and your computer will be scanned to find all MetaTrader 4 instances. In other words, you want to choose all the MT4 client platforms on the list B1, B2, B3, etc where you will want trades to be copied from the master account A.
This is very handy because you do not need to copy any files to all 10 of the client platforms manually. The next step is to open a position on the master account and see how it is replicated to each of the client accounts at the same time in less than a second. If something goes not as expected you can always read MT4 messages in the Experts tab which might help you identify the problem or the reason immediately. Obviously, if the trade is modified or closed, the LTC will repeat the same steps on all client accounts as well.
LTC replicates each action exactly as it happened on the master account. Even if you close only a portion of a position or close all open trades running on the master account, the same will happen on all client MT4 accounts. If for testing purposes you do not want to open real positions you can always test trade copying process with pending orders.
In the example picture below you can see trade list from two MT4 accounts. Trade list at the top if from the master account and the trade list at the bottom is from the client account. Both trades also have the same stop loss of 1. Local Trade Copier duplicated the very same trade to the MT4 client account. If you do not have anyone to manage your account I will mention that this will work if you generate trades on the master account A in anyway you like.
I mean you can use some Expert Advisor to generate trades, or you can trade manually, maybe using one of my semi-automated trading tools like Trendline Trader EA. You can even setup your account to follow trading signals on MQL4 Market and copy them to other accounts. This is just one simple example of trade duplication. Local Trade Copier is the most configurable trade copier in industry so you will be able to setup advanced trade copying schema once you get to know the process well.
If you spend extra 30 minutes reading Local Trade Copier instruction manual you will get to learn all of its settings and copy trades using advanced options like trade filtering, stop loss and take profit manipulations or reverse trade copying method. Your Forex or MT4 skills does not matter much, because trade copying process is much easier that you might think. Even novice traders can begin copying trade in minutes, especially after reading this article or instructions included with the Local Trade Copier software.
I am proud to say that the trade copying process today is available not only to people managing multi-million dollar accounts, but also beginner traders working with small MT4 accounts or even just starting with a practice account. I am the creator of the Local Trade Copier program and a professional developer of Forex trading signal delivery software for MetaTrader 4 client terminal.
I personally did not tested it on MAC. Install Windows OS from Microsoft website 3. Install MT4 client terminal inside the Windows 4. Download the installation files from EA-Coder. The link should have been sent to you by email after product purchase. Install the EA into the MT4 platform.
Customers said there were no errors during the installation and simply following the installation instruction manual did the job. Basing the case from one master account into slave accounts? Hi, it all depends on the VPS you have. Hello there, hope that you are well.
Signal Magician is for copying trades over Internet to your client MT4 accounts running on their computers. Say you are using local trade copier on a home computer with a master MT4 A and add family members and friends MT4 B1, B2, B3 and your home computer is trading signals from a trader that you are paying monthly services fee to send you those signals to your MT4 master A automatically.
Yes, that will work with my MT4 Local Trade Copier and signal provider will not know that you are copying the trades. They have no way to know this. What can you do if, you have several accounts with varying amounts say a Master with k, and 3 salves with 75,50,25k respectively , where you want to place the same trade on all the accounts but different lot sizes. Is that possible with this? Hi, Local Trade Copier will automatically calculate the proper position size according to different account sizes.
You also have an option to control how this is calculated, for example set higher or lower risk for individual client accounts. Watch this video for details about trade copier risk parameters. Gabriel, if you run 3x instances of your MT4 account on different or the same computer and have your trading EA attached to each MT4 instance, then you will get triple trades.
To avoid this you need to run EA only on a single instance of the same MT4 account. Hi Rimantas, I am a newbie in forex. I work in 4 different sites of the same company. Is it possible that I can trade with same account with same settings in those 4 different devices plus my personal laptop from home? Currently my account manager handling all the trade and login. If i installed the LTC, any posibility he will notice?
The magic of multiple MT4 instances Many people think that it is not possible to do this, to trade MT4 accounts from different computer or device, but the truth is, it was always possible at least for the last several years , but somehow not many traders talk about it. Well, the truth is that it is simple. First you need to install multiple MT4 platforms on your computer. It can be a laptop, your desktop computer at home or your office.
It does not matter. But if you are really serious about the process then you will need a computer that can be online 24 hours a day every day. This is called VPS server , which in other words is your private virtual computer on the internet.
Then you need to have a special add-on software for MetaTrader 4 platform which is usually called trade copier or account copier. The last thing you need is to setup everything on a computer that can be online 24 hours a day. Setting up several MT4 platforms on the same computer Installing several MT4 platforms on the same computer is easy and the best part about this is that you can have multiple platforms even if they are from the same broker.
Choosing destination folder for MT4 installation. About Rimantas Petrauskas I am the creator of the Local Trade Copier program and a professional developer of Forex trading signal delivery software for MetaTrader 4 client terminal.
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