Software review of  Local Trade Copier

1. Local Trade Copier deal copier
2. Test results of Local Trade Copier demo version
3. Local Trade Copier analysis from public sources
4. Conclusions

Local Trade Copier

The mt4copier.com website features the Local Trade Copier, available for purchase in several packages for customers from the European Union. 

The personal plan for €19 per month includes simultaneous use on one computer or VPS, unlimited transfer of licenses between workstations, unlimited master/client accounts, support and updates until cancellation, and MT4® and MT5® compatibility. 

The management plan, which costs 59 euros per month, includes the whole package of the personal plan with the difference that the copier can be used on up to five computers or VPS simultaneously. Also, this plan includes group coaching calls (live and replay), position size division, Martingale mode, and MAAB trade filter, which gives the ability to copy through Windows® user profiles.

The VIP plan, which costs 119 euros a month, includes the entire plan manager package with the difference that the copier can be used on up to fifteen computers or VPS simultaneously.

 A seven-day demo version of Local Trade Copier with any selected plans is available for download after you have subscribed and paid at least one month in advance. You can cancel your subscription and get your money back during the seven-day demo period.

One of the advantages of the Local Trade Copier is that it can automatically adjust the size of each trade copied, which would keep the risk and profit percentage of the trade. Also in Local Trade Copier, you can adjust the level of risk copied – make it less or more. It is possible to copy deals from dollar accounts to euro-denominated accounts, taking into account the EUR/USD exchange rate.

The delivery package of Local Trade Copier includes server and client parts of the Expert Advisor for MT4® and MT5® as an installer and separate files that can be manually installed in terminals. There is also documentation on the settings.

You can set up the Local Trade Copier between MT4® and MT4®, MT4® and MT5®, MT5® and MT5® in any variations. 

I used the installation files for my test of the copier and I was satisfied – there were no problems with the installation of server and client parts of the Expert Advisor. The site has a video that helps users to install and configure the Local Trade Copier, which explains how to configure and use the necessary manipulation on different accounts. 

Test results of Local Trade Copier demo version

It takes a little time to install and configure the Local Trade Copier after watching the video on the vendor’s website – the video describes everything in detail.

This is what the server part of the copier looks like after installation and startup. In the window representing the Expert Advisor, there is a lot of statistical information. It can be seen that the producer has taken care of all the details, but it is not quite clear why users need it.

This is what the client part of the copier looks like after installation and launching. The window representing the Expert Advisor also contains a lot of various statistical information. 

         After having installed and configured the server and client parts of the Expert Advisor, I tested the operation of the Local Trade Copier on MT4® and MT4® terminals. As you can see in the screenshots below, the trade opened in the server terminal is copied by the Expert Advisor to the client terminal. The Expert Advisor has no problems with copying trades – everything works fine here.

Then I installed the server and client parts of the Expert Advisor in MT5® terminals using installation files. There were no problems – everything is installed and works. Tested the copier’s work in MT5® and MT5® terminals. There are absolutely no claims to the Local Trade Copier software.

The disadvantage of all copiers is that prices for trading instruments differ from broker to broker and, as a result, pending buy-limit and sell-limit orders may open in one terminal and not in the other. The Local Trade Copier is not an exception. This greatly reduces the possibility of using copiers. That leaves the orders opened at market prices and the buy and sell stop types for perfect trading, although when taking a take profit or a stop loss, there might also be differences in the deals in different terminals.

Local Trade Copier analysis from public sources

The company’s site presents a detailed video on the installation and use of the product in English. There is a Blog section with descriptions of trading techniques and necessary functions. The Company has a demo version of the software, but to use it, you need to pay for a monthly subscription plan first. There is an opportunity to get a refund for the purchase during the testing period – seven days.

The age of the site at the moment of writing the review is 11 years 10 months and 14 days. Reviews on the thematic sites and forums about the trade are quite a lot. Reviews are positive – inspire confidence in the product being sold.

Conclusions

The Local Trade Copier deal copier software is a highly specialized purchase that cannot be used for a large number of trading systems. I would give preference to trading in the medium to long term by placing buy and sell orders. In this kind of trading, the purchase of the software in question makes sense. In faster trades and buy-limit and sell-limit orders, the Local Trade Copier may not live up to even the weakest expectations of its returns. I have no complaints about the Local Trade Copier – it is implemented with care and quality. The problems may arise due to the differences in quotes from different brokers. 

When buying the local Trade Copier, there is an opportunity to get a refund within seven days, if the software does not suit the buyer for some reason. The decision to buy Local Trade Copier software is up to everyone – the strengths and weaknesses I described in the review.

website: https://www.mt4copier.com/