If scalping is your preferred trading style and if you like opening and closing trades in a short period of time, then one of the most challenging aspects, if you try copying trades across multiple MT4 platforms, is the execution speed. Trade execution speed plays a vital role because any delays in the execution of your trades not only it can eat a good portion of your profits but it might cause even losing trades.
Under normal conditions, the MT4 trade execution speed is around 100-200ms and it takes additional 400ms, on an average computer, to copy trades across different MT4 accounts. This means that copy trades in less than 1 second is still possible for most traders, however copying scalping strategies can still be very challenging.
Local Trade Copier has a parameter that allows you to copy trades very fast, in split second. If you have a good Internet connection and a good reliable broker with fast execution speed then Local Trade Copier can copy 10 orders in 1 second or faster.
The trade copier software’s speed is determined by these factors:
Internet connection speed: You need a good quality internet connection that has latency between 1ms and 10ms. Computer speed: A trade copier works best when the CPU load and the RAM memory consumption are below 70%. Broker execution delay: Some broker has a higher execution speed than the others.
If you have a perfect connection and you are near the broker’s server then you have high chances to get a good execution speed. Like, for example, having a computer or server in New York will give a perfect connection of 10ms to FxOpen servers or even faster.
Can you get rich by scalping?
Yes, you can make money scalping stocks. Although scalping sacrifices the size of winning trades, it massively increases the ratio of winning trades to losing ones. However, some traders prefer different strategies that allow them to partake in bigger wins.
Is it profitable to copy trade?
Is copy trading profitable? Copy trading can result in high profits if the trader finds a successful trader to copy. However, the greatest risk a trader will face when copy trading is market risk. If the strategy a trader is copying is unsuccessful, they can lose money.
How do I choose a copy trader?
Proven track record. Check out a trader's performance over the last 12 months or more. ... Returns. The best trader to follow must show consistent rather than sporadic results. ... Confidence. Follow a signal provider who trades with a real account and risks their own money. ... Number of followers. ... Risk level. ... Historical drawdown.