PZ Local Trade Copier EA MT4

The world of Forex trading is a vast and complex one, and traders are always seeking tools that can help optimize their trading strategies. One such tool that has garnered considerable attention is the PZ Local Trade Copier EA for MT4. This article delves into the specifics of this tool, providing a comprehensive trade copier review and highlighting its key features.

Understanding PZ Local Trade Copier EA

The PZ Local Trade Copier EA is an ingenious solution designed specifically for individual traders and account managers. It is particularly useful for those who need to execute trade signals from external sources or manage multiple accounts concurrently. With this tool, there is no need for a multi-account manager (MAM) or a percentage allocation management module (PAMM).

A unique feature of this tool is its ability to copy trades from up to 8 master accounts to an unlimited number of slave accounts. This feature helps ensure seamless and efficient trading across multiple accounts.

Key Features and Benefits

One of the standout features of the PZ Local Trade Copier EA is its ease of installation and use. There is no need for an installer, config files, servers, memory pipes, or DLLs. It works on a local execution model, ensuring there is no network latency.

Furthermore, this tool is compatible with all brokers and various types of executions including DD/NDD/ECN/STP. It can work with accounts in different currencies and can seamlessly transition between live and demo accounts. It also supports suffixes in symbol names in both master and slave accounts, providing a layer of customization for traders.

Additional features include filters by magic number and order comment, an option to copy stop loss (SL) and take profit (TP) levels, and support for the copying of pending orders. The tool also offers a reverse mode and supports partial close, adding flexibility to the trading process.

How to Utilize PZ Local Trade Copier EA

To use this tool, traders need to install the EA in the source terminal and load it to any chart, selecting ‘MASTER’ as behavior. The next step is to install the Local Trade Copier EA in the receiver terminal or terminals. When loading the EA to any chart in these terminals, traders should select ‘SLAVE’ as behavior. With these steps completed, trades will be copied from the master account to the slave account(s).

Frequently Asked Questions

Can I use PZ Local Trade Copier EA to copy trades from many master accounts to one or many slave accounts?

Yes, the EA can be loaded in all the master accounts transmitting on different channel inputs. It can also be loaded multiple times in all the slave accounts, with each instance reading from a different channel.

What precautions should I take while using PZ Local Trade Copier EA?

It is advisable to load the EA only once per terminal. Use a different channel parameter for each master account and avoid logging in to another account when the EA is operating. Also, do not try to copy trades from an NFA-FIFO account to a non-NFA-FIFO account.

Independent testing of the PZ Local Trade Copier EA product is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.

If you have used this product, we invite you to share your experiences. It is important to note that this article is an independent product review, and the text does not endorse or advocate for any specific product or service.