Simple Local Copier

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TopicStarter

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Apr 15, 2024
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Introduction​

As a professional trader and MQL5 programmer from the EASY Trading Team, I have come across a multitude of trading robots. Today, I'll be evaluating the Simple Local Copier robot, based on user feedback and available data. Let's see if this trading tool is worth your time and money.

Key Features​

According to the information on the developer's site and user feedback, Simple Local Copier offers the following key features:

  • Efficient trade copying between multiple accounts on the same machine.
  • Easy configuration and setup, suitable for beginners.
  • Supports various MetaTrader 4 and MetaTrader 5 brokers.
  • Customizable trade filters and risk management settings.

Well, those are the claims. Let's dig deeper into the performance.

Performance Analysis for the Last Year​

The performance data for Simple Local Copier over the past year is available on the developer's website at this link. The results show consistent trade copying efficiency, but as always, take these numbers with a grain of salt. It's easy to boast about performance when you're the one reporting it.

Pros and Cons​

Here are the main strengths and weaknesses I see in the Simple Local Copier:

Pros:
  • User-friendly interface.
  • Reliable performance across multiple accounts.
  • Customizable settings to match your trading strategy.

Cons:
  • Lack of transparency regarding the original source code.
  • Performance can vary based on broker and market conditions.
  • Positive feedback seems limited to a few users.

Conclusion​

While the Simple Local Copier has received positive feedback, including a glowing 5-star review from Zul Abd, the critical trader in me remains skeptical. Its ease of use and customizable settings are definite pluses, but the lack of transparency around its source code is concerning. As always, I encourage users to discuss their experiences on forums and share their results.

Source Code for Simple Local Copier​

We don’t have access to the original source code of the Simple Local Copier being sold on MQL5. However, based on the description available, the EASY Trading Team has put together a sample code. If you have any questions about the code, feel free to ask on our forum. Please note, we are not selling the Simple Local Copier; we simply created a version based on its description.

Code: 
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Download Simple Local Copier - Easy Trading Team's Perspective​

Looking to try the Simple Local Copier? Head over to our site to get more details. Also, don't hesitate to join the discussion on EASY Trading Forum. Let's make trading more transparent and efficient together.
 
I've set up this software on two MT4 accounts on one computer, with one designated as the master and the other as a slave. However, with the default settings, it doesn't seem to function properly. I'm seeking help to understand how to effectively utilize this application.
 
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