When you open demo or actual account on Metatrader you may be given account quantity and a couple of passwords. The first password is used to login as a daily consumer for buying and selling. The second password known as investor password. It is read-only password used to login for commentary functions. You cannot shut, modify or begin any trades, however you possibly can see the actual and real buying and selling historical past and even save the buying and selling assertion to your pc. Investor passwords are sometimes utilized by Forex sign companies, account managers.
When you’ve got investor password you possibly can copy/duplicate the trades to your account. You want to put in and open 2 Metatrader accounts in your pc. Account #1 with investor password will act because the server and account #2 would be the consumer account. Now it’s good to run a particular software program referred to as Local Trade Copier on each platforms and all trades from account #1 shall be copied to the account #2.
LTC software program has many options, you possibly can choose totally different lot dimension on the consumer aspect, select what foreign money pairs to commerce or to not commerce. The software program is appropriate with any dealer.
LTC software program is appropriate with VPS. It can be utilized to repeat few Metatrader accounts on 1 VPS or on a number of VPS. This can be utilized for account administration too. You can run copier on many accounts and commerce simply 1 account – server/grasp account. Copier can and can copy the trades opened manually or by one other Expert Advisor.
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