When you open demo or real account on Metatrader you will be given account number and 2 passwords. The first password is used to login as a regular user for trading. The second password is called investor password. It is read-only password used to login for observation purposes. You can not close, modify or start any trades, but you can see the real and genuine trading history and even save the trading statement to your computer. Investor passwords are often used by Forex signal services, account managers.
When you have investor password you can copy/duplicate the trades to your account. You need to install and open 2 Metatrader accounts on your computer. Account #1 with investor password will act as the server and account #2 will be the client account. Now you need to run a special software called Local Trade Copier on both platforms and all trades from account #1 will be copied to the account #2.
LTC software has many features, you can select different lot size on the client side, choose what currency pairs to trade or not to trade. The software is compatible with any broker.
LTC software is compatible with VPS. It can be used to copy few Metatrader accounts on 1 VPS or on several VPS. This can be used for account management too. You can run copier on many accounts and trade just 1 account – server/master account. Copier can and will copy the trades opened manually or by another Expert Advisor.
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