PZ Local Trade Copier EA MT5

Forex trading is a complex endeavor, and its intricacies can be overwhelming for individual traders or account managers, particularly those who need to manage several accounts simultaneously or execute trade signals from external sources. Enter the PZ Local Trade Copier EA, a Forex software specifically designed to facilitate these tasks. This MT5 Review aims to provide an in-depth look into the key features and performance of this innovative Forex trading solution.

Key Features of PZ Local Trade Copier EA

The PZ Local Trade Copier EA is a Forex software designed to streamline and optimize Forex trading. It serves as a solution for traders who need to manage multiple accounts at once or those who need to execute trade signals from external sources. A few of its impressive features include:

• Ability to copy from up to 8 master accounts to unlimited slave accounts.
• Compatibility with MT4 and MT5 platforms.
• Absence of installer, config files, servers, memory pipes, or DLLs.
• Local execution, eliminating network latency.

Trade Execution and Management

One of the defining features of the PZ Local Trade Copier EA is its ability to work with accounts with different account currencies, and between live and demo accounts indistinctively. It also supports suffix in symbol names in master and slave accounts. The software’s flexibility is further demonstrated by its trade size options, which include fixed lot, multiplier, proportional, and proportional with multiplier.

How to Copy Trades

The process of copying trades from one master account to one or many slave accounts using the PZ Local Trade Copier EA is relatively straightforward. The EA is loaded to any chart in the source terminal, and “MASTER” is selected as behavior. Then, the Local Trade Copier EA is installed in the receiver terminal or terminals, and the EA is loaded to any chart with “SLAVE” selected as behavior. After these steps, trades will be copied from the master account to the slave account(s).

Additional Noteworthy Features

Apart from its primary functions, the PZ Local Trade Copier EA also offers a host of additional features that make it a robust Forex trading solution. It can filter by magic number and order comment, and it won’t interfere with other trades. Moreover, it optionally copies Stop Loss (SL) and Take Profit (TP) levels and pending orders. Symbols translation and partial close are also supported, and it even offers a reverse mode.

Frequently Asked Questions (FAQ)

1. Where can I test the PZ Local Trade Copier EA?

Independent testing of this product is available on the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available.

2. Can I share my experience in using this product?

Yes, users are encouraged to share their experiences in using this product to provide valuable feedback and insights to potential users.

3. Can I use the investor password in the receiver account?

No, the investor password should not be used in the receiver account. It won’t execute any trades.

4. What happens if I unload the EA from any terminal?

If you unload the EA from any terminal, all trades will be left unattended. Therefore, it is highly recommended to ensure the EA is properly loaded at all times.

In conclusion, the PZ Local Trade Copier EA is a comprehensive Forex trading solution designed to optimize Forex trading. With its multitude of features and capabilities, it is a valuable tool for both individual traders and account managers. As with any trading tool, potential users are encouraged to test it thoroughly and make informed decisions based on their trading needs and strategies.