The Local Trade Copier software is a powerful tool that allows you to copy trades between multiple MetaTrader 4 and MetaTrader 5 accounts. It is a perfect solution for money managers and signal providers who need to manage multiple accounts at the same time. The LTC software is also a great tool for traders who want to copy trades between their own trading accounts.

In this guide, we will show you how to configure your MetaTrader 4 and MetaTrader 5 accounts to run the Local Trade Copier together with any other Forex EA.

Pricing

• Local Trade Copier™ for MT4 & MT5 (Personal Monthly Plan) : $31.47/month
• Local Trade Copier™ for MT4 & MT5 (Manager Monthly Plan) : $96.58/month
• Local Trade Copier™ for MT4 & MT5 (VIP Monthly Plan) : $215.95/month
• Local Trade Copier™ for MT4 & MT5 (Personal Annual Plan) : $314.71/year
• Local Trade Copier™ for MT4 & MT5 (Manager Annual Plan) : $965.83/year
• Local Trade Copier™ for MT4 & MT5 (VIP Annual Plan) : $2159.55/year

Easy Way to Copy Trades of Equal Lot Size for All Accounts

In this video, Rimantas explains how to make every MT4 & MT5 Client account use the same lot size as the Main account with the Local Trade Copier ™ for MT4 & MT5. It is an easy way to copy trades of equal lot size for all Metatrader accounts.

How to Enable Trading in MT4?

It is disappointing to find the message “Trade disabled” on your MT4 platform. However, that is not fatal, and you can solve it by finding the reason for disabled trading and fixing it. In some cases, if the market is closed, there is nothing to resolve, but if the market is open and your trading functionality is disabled, you have to know what the issue is and how to solve it. In this article, we will look a the main reasons why trading can be disabled on the MetaTrader 4 platform and what to do to enable it.

What does it mean ‘trade is disabled’?

“Trade is disabled” error message on Metatrader 4 means that you cannot actively trade at all or only some specific instruments, depending on the error message that you get. To find the solution, usually, you need to contact your broker’s support team. But it could be a simple case that the market is closed already for that specific instrument, and you simply need to wait until the market opens.

Why is my trading disabled on MT4?

There are four main reasons you see an error message, and let’s try to figure out what to do about each one of them.

The market is closed.

Like many other markets such as commodities, stocks, or bonds, Forex is closed during weekends. It means you cannot open a trade because active trading is disabled during weekends. CFD instruments such as APPL, TSLA, GOLD, etc., are open for trading only during specific market hours (i.e., US stock market hours). So, the solution to the problem is to wait for the markets to open, and you will likely not get the message when they do.

Trading can also be closed if there is a market holiday. You need to check your broker’s calendar to see what days of the year are market holidays.

Some instruments, usually gold and oil, and some others, may have trading breaks, during which trading functionality is disabled for these instruments. Again, check with your broker to know what instruments have trading breaks and which ones don’t.

You can check trading hours for every trading instrument in the Metatrader 4 Market Watch, but honestly, that information is not correct on most accounts, even with top brokerage firms.

Trading rarely closed due to a force majeure or unforeseen event. This feature won’t typically last long, but it may happen during times of low liquidity, most often during important news releases, for example, FED interest rates announcements, when markets can become very volatile and move hundreds of pips within a matter of seconds.

Why is gold trading disabled?

Gold is a commodity, and the commodity market does not open until late hours on Sunday. Depending on the broker you trade, gold opening trading hours will most likely be at 23.00-23.45 EET, depending on the broker you trade. The same can be true for other commodities and some indexes, so be sure to check the opening hours of the instruments of interest with your broker.

You are logged in with “investor password”

If you log in to the MT4 account with an investor password, you will only have read-only access. Log in with the primary password to have full trading permissions. It might also happen that your Forex broker support team set your account status to read-only. In that case, you will have to contact the support team of your broker and ask the status to be changed.

An instrument might be set to “close only” by your broker.

Occasionally you might find this message on your terminal. It means that your broker is trying to remove that specific instrument from the MT4 platform or any other option of the platforms they offer. Sometimes, as we have stated, some trading instruments become too volatile to trade. Usually, it may be some exotic pairs, for example, Russian ruble or Turkish lira. These have undergone severe geopolitical headwinds in the past. Some brokers decided to remove the currency pairs denominated in the Russian Ruble and Turkish Lira from their MT4 platforms when they became highly volatile. If you have open positions on these pairs, you’ll notice that you can only close them (hence the term “close only”).

Your account has not yet been activated.

You might get the message that trading on your MT4 terminal has been disabled because your account has not been activated yet. Usually, when you register with your broker, you will have to go through a verification and activation procedure, which would involve several steps, such as sending some documents or depositing funds before you can start trading.

After you complete all necessary procedures, the broker will activate your account, and you are good to start trading whenever you want. If you want to check your account status, contact your Account Manager or the broker’s Client Experience team. They will activate your account in case there is any misunderstanding or error.

Extra possible reason

Suppose you are using automated trading for scalping or similar intra-day trading strategies. “Trading is disabled” errors may cause you to lose profits if you follow a great trader. Well, thighs happen. Such errors can be a weak internet connection, restriction from your broker, or simply malfunctioning of a trading bot.

“Trading is disabled” can also occur if there’s no such financial instrument to open a trade. In that case, you can get the MT4 error code 133, which means your trade copier could not find a currency pair during the execution of your order on the MT4 terminal. Usually, this happens when the client account’s instrument name is different from the master account. For example, the master account sent a trade for EURUSD, but on the client-side, there’s no EURUSD because it is called EURUSDfx. Note the fx suffix.

Not all trade copiers can automatically detect suffixes and adapt. But that is never a problem for our Local Trade Copier.

You might also need to see if you have enabled auto-trading on your MetaTrader terminal. Go to Tools, click on the “Options” menu, click on “Expert Advisor”, and finally allow the automated trading option. Press “OK”, and you are all good.

Where do I get error messages about disabled trading?

Last but not least, where do you get those error messages about disabled trading on your MT4? You can always check the ‘Journal’ tab at the bottom of the MT4 platform for any error messages when you cannot open or close a trade. There you will usually find an explanation on why you cannot open or close a trade and possibly recommended actions on how to solve the issue. It is also worth checking the ‘Experts’ tab for any error messages or recommendations from the Expert Advisor or trade copier software you are using.

How to Enable One Click Trading in MT4?

If you are looking to enable 1-click trading on Metatrader 4, all you have to do is press Alt+T on the keyboard for any particular chart window. That will make the one-click trading buttons appear on the chart, allowing you to quickly open buy and sell trades with a predefined fixed lot size.

The one-click trading tool on MT4 is very convenient. Still, there’s an even better tool with more functionalities that can also set the lot size automatically after you choose to risk the percentage of your account balance. Check out the Trader On Chart trading panel for MT4, and you’ll never want to open another trade without it.

How to set different lot sizes for each copier account

In this video, Rimantas explains how you can easily set different lot sizes for each copier account with the Local Trade Copier ™ for MT4 & MT5.

How To Copy Your Forex and Gold Trades From MT4 to MT5 in One Click

If you are a Forex trader who uses MetaTrader 4 and MetaTrader 5, you may want to copy your trades from one platform to another. This can be a great way to diversify your trading and take advantage of the unique features of each platform. In this guide, we will show you how to copy your Forex and Gold trades from MT4 to MT5 in one click.

In this video, Rimantas shows how to copy your Forex and Gold trades from MT4 to MT5 in one click using the Local Trade Copier software, even if you’ve never linked accounts before.

Have you ever played with walkie-talkies? You press a button, say something, and your friend hears it on their walkie-talkie, even if they’re far away. It’s like magic, right? Well, Rimantas has a similar kind of magic trick to show you in this video, but it’s for your Forex and Gold trades.

Imagine MT4 is your walkie-talkie, and MT5 is your friend’s walkie-talkie. Normally, if you wanted to tell your friend something, you’d have to walk over to them and say it. But with walkie-talkies, you can just press a button, and they hear you! Rimantas is going to teach you how to press that magical button for your trades. With just one click, you can send your Forex and Gold trades from your MT4 walkie-talkie to your friend’s MT5 walkie-talkie. It’s that simple!

Now, let’s think of another fun analogy. Have you ever listened to the radio? Radios are amazing. You turn them on, and you can hear music or people talking from far away places. It’s like they’re broadcasting their voice all over the city, or even multiple cities. That’s what you can do with your trades. You can broadcast them from MT4, just like a radio station sends out songs to many places. And the best part? You can do it in just a few seconds!

You might be thinking, “But I’m not a DJ at a radio station. How can I do this?” Don’t worry! Rimantas is here to help. He’s like the best radio DJ teacher you could ever have. He’ll guide you step by step, showing you how to turn your MT4 into a powerful radio station that can send your trades to MT5. And you don’t need to be a trading expert or a radio DJ to do it. It’s as easy as turning on your favorite song on the radio.

And guess what? You won’t need a bunch of gadgets or devices. It’s not like trying to juggle three balls at once. No, it’s much simpler. Just one click, and your trades fly from MT4 to MT5, just like a song travels through the airwaves to reach radios in many homes.

Maybe you’re a little nervous. Maybe you’re thinking, “What if I make a mistake? What if I’ve never done this before?” It’s okay to feel that way. Remember the first time you tried to ride a bike? It was a bit scary, right? But with someone guiding you, holding the bike steady, you learned. And soon, you were riding all by yourself, feeling the wind in your hair. That’s what Rimantas is here for. He’s like that person holding the bike for you, making sure you don’t fall. He’ll show you everything, even if you’ve never linked accounts before.

So, get ready for an exciting journey. By the end of this video, you’ll be broadcasting your trades like a pro radio DJ, reaching MT5 with ease. You’ll achieve more, with less effort, and have a lot of fun along the way. Tune in, and let Rimantas show you the magic of trading!

How To Share Your Winning Forex Trades With Friends and Family

If you are a successful forex trader, you may want to share your winning trades with friends and family. This can be a great way to help them learn about forex trading and potentially make some money. There are a few different ways you can share your trades with others, so let’s take a look at some of the most popular options.

In this video, Rimantas explains how to share your winning Forex trades with friends and family’s accounts so everyone can enjoy success together.

The trade copier , a tool often used in Forex trading, can be advantageous for several reasons when it comes to sharing trades with friends and family. Here are five reasons why it helps people:

1. Ease of Managing Multiple Accounts: It allows a trader to manage several accounts simultaneously. This means if someone is proficient in trading, they can easily replicate their trades across friends and family’s accounts, ensuring everyone benefits from the successful strategies.
2. Real-Time Sharing: The trades are copied in real-time. This synchronization means that friends and family will enter the market at virtually the same time and price as the main account, maintaining the strategy’s integrity and performance.
3. Educational Opportunity: For friends and family who are new to Forex trading, observing and engaging in trades through the copier can serve as a valuable learning experience. It allows them to see strategies in action and understand market movements without the need to make all the decisions themselves initially.
4. Efficiency and Convenience: Automating the trade copying process saves time and reduces the chance of error in trying to manually replicate trades across multiple accounts. This efficiency means more time can be spent analyzing the markets and refining strategies.

Overall, the Local Trade Copier can democratize access to trading strategies, allow for shared learning experiences, and potentially increase the profitability for all involved parties through shared knowledge and resources.

How To Copy Trades From MT4 & MT5 Mobile App

Are you using your mobile device to trade when you can’t get to your desktop setup? Are you using one MetaTrader account to copy trades across to other accounts using the FX Account Cloning setup? Well, then you’ve probably run into the problem that the MetaTrader mobile app doesn’t allow trade copier software. Let me give you a hack that will enable you to do personal copy trading on Android or iOS and copy trades from one Metatrader to another across multiple devices.

If you’ve come across this little snag and are getting frustrated that you can’t run all of your accounts while you’re on the go, then you’re in the right place. Keep on reading, and you’ll soon be able to copy trades from your mobile app to any number of MetaTrader accounts you want!

How Trades Travel from Your Metatrader Mobile App

So, let’s dive straight in. We have to look at how the trades travel from your MetaTrader mobile app to other devices once you make them. When you have your mobile app open and click to make a trade, where does that signal go next?

Understanding this is the key to setting up a way to copy trades from the Metatrader account on the mobile app to multiple accounts on other devices. That is very similar to what we’ve been doing with the Local Trade Copier ™ software in our other tutorials, but this time, there’s a twist that makes it work from an iPhone or Android mobile device. When you know how it works, you can even copy trades from the Android MT4 account to another phone.

So, here’s the answer. The trick to doing this is taking advantage of how MetaTrader was designed. One of the functions of MetaTrader is that it allows you to log in to the same account from multiple devices. That is simple enough. That’s how a lot of social media accounts work. There’s no trade copier software involved in the process yet. That’s just how MetaTrader was built.

When you log in to your MetaTrader account on your mobile app and your desktop setup (or your VPS server, tablet, laptop, or whatever), you can make a trade on one device, and it will instantly appear on your other device.

So the trick is hardly a trick at all. You log into the same account on different devices and manage your trades. It’s just like posting a photo on Instagram. The moment you click “post” on one device, the image appears on your feed on all your other devices. It also appears on the feed of your friends and family who are following you. They get to see it instantly too.

But what if you want to manage more than one account from your mobile device? Well, then you need a Mobile-To-Many Copycat™ setup illustrated in the graphic below. I hope this helps you understand what I am trying to explain.

The first thing you’ll notice is that there are two master accounts, MetaTrader Master Account #1 and MetaTrader Master Account #2. Both master accounts are set up on your computer or VPS server. As you can see, each master account controls three client accounts – the three blue ones for Master Account #1 and three purple ones for Master Account #2. In total, that’s eight MetaTrader accounts all running on the same setup. Now, this can be your desktop PC or a VPS server – a VPS is optional, but I highly recommend it if you want to be running multiple accounts smoothly and efficiently.

Of course, the critical step here is to link all of these accounts together using the Local Trade Copier ™ software. You can do this easily and quickly, and it is a tried and tested way to clone trades from one account to many. If you need a more detailed explanation, check out my earlier tutorial on the FX Account Cloning setup.

There’s just one other important thing to remember. The MetaTrader mobile app will let you log in to multiple accounts from one device, just not simultaneously. So, if you want to manage more than one master account from your Metatrader mobile app, you need to switch between accounts by logging out of one account and logging back into the other. That is a bit clunky, but it shouldn’t stop you from achieving what you need.

In the following image, you can see that I have accounts from Darwinex, Fusion Markets, IC Markets, and Tripleafx on one Metatrader mobile app. That is a great way to get an overview of all your accounts, and you can easily switch between them to manage your trades, view your balance, or change settings.

As long as you’ve completed the link up with the client accounts with the Local Trade Copier ™ software on your computer, you can use these accounts on your mobile app to clone trades across as many accounts as you need!

Copy trades from Android MT4 account to another device

I know to some of you, all of this sounds simple, but remember when you were new to using MetaTrader and running different accounts? I’ve included a few screenshots below to ensure that even new users get how this works. They show what this process looks like on Metatrader.

So here you have a screenshot of my VPS and the MetaTrader mobile app. This way, I can show you what happens when I make a trade.

In the following screenshot, you’ll see that when I open a trade in the Metatrader mobile app, it immediately appears on the master account and instantly gets sent to the client accounts. Getting trades copied across Metatrader accounts on different devices is like magic, right?

Copy trades from Android MT5 account to another computer

Of course, this works on MetaTrader 4 and MetaTrader 5 in the same way. Check out the following screenshot, which illustrates how I sent a trade to both client accounts. Both accounts picked up the trade and copied it perfectly. It means you can trade multiple accounts simultaneously from the MT5 Mobile app.

Local Trade Copier ™ will take care of the money management automatically. The beauty of this is that you can copy trades across with all of your settings and make sure that the lot sizes are appropriate to the size of the client accounts. If the capital of the client account is bigger than the master account, you can be sure that the lot size is appropriate for that account.

The Local Trade Copier ™ software allows you to copy any settings you need, whether it’s trade filtering, risk management, stop-loss limits, whatever you want. It all works great!

Here’s a video where I explain how the Local Trade Copier works:

So, you have just learned how to copy your trades to multiple MetaTrader accounts from your mobile device in no time at all. You can be anywhere in the world and run accounts for yourself, your friends and family, or any number of clients. Gone are the days when you’d be kicking yourself because you couldn’t get to your computer on time to take advantage of some fundamental market movements.

They say that knowledge is power and, if that’s true, you just gained a lot of power, folks! With what you’ve just learned, you don’t need to miss out on those important events anymore. Now you can be sitting by the hotel pool on holiday and still make those trades across multiple accounts whenever you need to.