Simple Local Copier

Overview of Simple Local Copier

• The Simple Local Copier is a convenient tool used to copy trades between MetaTrader accounts on the same machine or VPS.
• It allows copying from up to 8 master accounts to an unlimited number of slave accounts, enhancing trading efficiency 🚀.
• Offers seamless integration with MT4 and MT5 platforms without network latency, making it a go-to solution for traders.

Key Features

• High Speed: Trades are copied in under 0.5 seconds, ensuring minimal delays in execution.
• Flexible Trade Sizing: Allows for different lot size calculations like fixed, multiplier, and proportional based on balance or equity.
• Supports Trade Types: Can copy pending orders, take profits, and stop losses, ensuring that all critical aspects of trades are mirrored.
• Filtered Copying: Traders can filter which trades to copy based on magic number or comments, preventing unwanted trades from being copied.
• Reverse Mode: This feature allows for reversed trading strategies, where slave accounts can mirror opposite trades of the master account 🎭.

Installation and Setup

• Installation is simple, requiring just a few setups. Load the EA on the source terminal as 'MASTER' and on the receiving terminal as 'SLAVE'.
• Compatibility across various broker types and account currencies makes it universally applicable, regardless of the trading environment.
• The tool is designed for local execution, which means no additional DLLs or server configurations are needed, cutting down setup time to mere minutes.

Potential Drawbacks

• Being a local copier means it requires running both master and slave accounts on the same device or VPS, which may limit flexibility for some traders.
• If the connection is lost or the terminals restart, the copier maintains its settings but needs to be appropriately monitored to avoid missed trades 📉.

User Experience Insights

• Many users appreciate the rapid execution and ease of use, often labeling it the fastest trade copier on the market.
• Others have noted it integrates smoothly with their existing automated trading strategies without conflict.
• Some users have cited occasional issues with delays if the setup isn’t optimized properly; hence troubleshooting can be crucial in such cases.