Smart Copy Local MT4

[TopicStarter]

Introduction​

In the world of trading, automation is key to stay ahead of the curve. One such tool is the Smart Copy Local MT4 trading robot. While it might not turn you into a trading prodigy overnight, it can certainly make your life easier by automating trade copying between multiple MetaTrader 4 accounts. Bewildered yet? Don’t be—let’s dive into how to install, configure, and maximize the effectiveness of this handy trading robot. For detailed performance metrics, you can check out its statistics here.

Installation and Setup​

So you've purchased Smart Copy Local MT4 and can't wait to get started. Here’s a straightforward guide to set it up:

• Download and Install: First, download the EA from MQL5. Place it in the ‘Experts’ folder of your MT4 terminal.
• Activate: Open MT4, go to ‘Navigator’ and find Smart Copy Local in the ‘Expert Advisors’ list. Drag it onto your desired chart.
• Configure: Once added to the chart, a configuration window pops up. Here’s where you can customize your copy parameters—trade size, slippage tolerance, and more.
• Authorizations: Don’t forget to enable ‘Allow live trading’ and ‘Allow DLL imports’ in the EA settings.
• Start Trading: Finally, click on ‘OK’ to activate the robot. It will start copying trades from the master account to the slave account.

Setting up Smart Copy Local MT4 is as easy as it sounds, but as always, the devil is in the details. Make sure to double-check all parameters to align them with your trading strategies.

User Experience​

Users like jundidreamer and aaronro rave about the EA’s performance. They commend its smooth functionality and customizable options. Of course, we're not easily impressed, but I'll give credit where it's due: this robot works seamlessly most of the time. Still, I advise monitoring it closely during the initial phases to ensure it aligns with your trading goals.

Tips for Improvement​

Optimization is a continual process. Here are some tips to maximize your use of Smart Copy Local MT4:

• Backtest Thoroughly: Use historical data to simulate the robot's performance under various market conditions.
• Adjust Parameters: Customize trade lot sizes and risk levels based on market volatility.
• Regular Updates: Keep an eye out for updates from the developers to fix bugs and improve efficiency.
• Diversify: Use multiple accounts to distribute risk.

Source Code of Smart Copy Local MT4​

We don’t have access to the original source code of Smart Copy Local MT4, but fear not. Based on the description available on MQL5, we can create a similar code. Feel free to ask any questions regarding the development of a similar script.

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Download your Smart Copy Local MT4 Trading Robot Today​

If you're convinced about the potential of Smart Copy Local MT4, then don’t hesitate to download it and see for yourself. For those interested in a similar code, visit easytradingforum.com. Note, we don’t sell Smart Copy Local MT4; this is merely a version based on its description. Happy trading!

 

[GlobalTrader]

I encountered an interesting issue with the Smart Copy Local MT4. The master order opened perfectly, but the slave just stared at it without closing it. The puzzling part is that everything works fine when both accounts are demo. However, when the master is on a demo account and the slave is live, the master closes, but the slave sits back and does nothing. Could this be a case of incompatible accounts, or is there something more subtle going on here? I would appreciate some insights!