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If you open demo or actual account on Metatrader you may be given account quantity and a couple of passwords. The primary password is used to login as a daily consumer for buying and selling. The second password is known as investor password. It’s read-only password used to login for commentary functions. You cannot shut, modify or begin any trades, however you’ll be able to 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 Foreign exchange sign providers, account managers.
When you’ve investor password you’ll be able to copy/duplicate the trades to your account. It’s worthwhile to set up and open 2 Metatrader accounts in your pc. Account #1 with investor password will act because the server and account #2 would be the shopper account. Now you might want to run a particular software program known as Native Commerce Copier on each platforms and all trades from account #1 will probably be copied to the account #2.
LTC software program has many options, you’ll be able to choose completely different lot dimension on the shopper facet, 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 may be used to repeat few Metatrader accounts on 1 VPS or on a number of VPS. This can be utilized for account administration too. You may 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 Knowledgeable Advisor.
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Source by Johnny Smiths