Frequently Asked Questions (FAQs) about Local Trade Copier EA MT4/5©

What is the Local Trade Copier EA MT4/5©, and how does it work?

Local Trade Copier EA MT4/5© is a trade-copying tool that enables quick, reliable trade copying between MetaTrader terminals (MT4 or MT5) on the same computer or VPS. It supports various trade-copying configurations and customizations for users at all experience levels.

Is there a free trial version of Local Trade Copier EA MT4/5© to test it before purchase?

Yes, free demo files of Local Trade Copier EA MT4/5© are available for download from the FREE Demo page of this website. These demo versions are fully functional for 4 hours at a time and can be used on demo accounts only.

Will I need to pay a monthly subscription or any recurring fees for my Local Trade Copier EA MT4/5© purchase?

No, you can buy Local Trade Copier EA MT4© or MT5© with a one-time payment of just $50, with no contracts, subscriptions, or recurring fees. Flexible rental options are also available: $30 for three months or $40 for six months.

How many installations are allowed with my purchase?

Local Trade Copier EA MT4/5© includes 20 activations, allowing you to install and use it across trading accounts and terminals on up to 20 different computers or VPSs.

What if I need help with the Local Trade Copier EA MT4/5© setup? Do you offer customer service or after-sales support?

Yes, we provide support. If you’ve read the comprehensive Installation, Settings/Inputs, and Troubleshooting guides and still need assistance, you can contact us via our MQL5.com profile page: https://www.mql5.com/en/users/eleanna74, or email us at info@juvenille-emperor.com. We typically respond within a few hours, even on weekends and public holidays.

What modes does the Local Trade Copier EA MT4/5© offer, and how do they work?

The EA has three modes:

• Transmitter: Copies trades to other accounts.

• Receiver: Receives trades from one or more transmitter accounts.

• Self Copier: Copies or multiplies trades within the same account for duplicating manual or automated trades.

How fast will the Local Trade Copier EA MT4/5© copy my trades from the transmitter(s) to the receiver account(s)?

Local Trade Copier EA MT4/5© is the fastest and most reliable trade copier, capable of copying and closing trades in under 0.5 seconds, provided you have a stable internet connection, low latency to your broker’s server, and adequate computer or VPS performance.

Can I copy trades between live and demo accounts?

Yes, the Local Trade Copier EA MT4/5© supports copying trades between real>real, real>demo, demo>real, and demo>demo accounts across all brokers.

Can I copy between MT4 and MT5 trading accounts and terminals with the Local Trade Copier EA MT4/5©?

Yes, the Local Trade Copier EA MT4/5© supports MT4 and MT5 terminals and can copy trades between them, whether it’s MT4>MT4, MT4>MT5, MT5>MT4, or MT5>MT5. Please note that to copy trades between MT4 and MT5 accounts, you must purchase both the MT4 and MT5 versions of the EA.

How powerful does my computer or VPS need to be for copying between MT4/5 terminals with the Local Trade Copier EA MT4/5©? 

The optimal performance requirements depend on the number of MT4/5 terminals:

• 2 terminals: 2 CPU cores, 4 GB RAM.

• 3-5 terminals: 4 CPU cores, 6 GB RAM.

• 7-8 terminals: 6 CPU cores, 12 GB RAM.

• 10-15 terminals: 8 CPU cores, 16 GB RAM.

• More than 30 terminals: 16-24 CPU cores, 48-64 GB RAM.

Additional considerations:

• Latency: Opt for a VPS near your broker’s servers.

• Disk Space: Allocate 50-100 GB of SSD storage.

• Operating System: Use the latest Windows Server version compatible with MT4/5.

What is the maximum number of MT4/5 terminals I can run on one computer or VPS?

You can open up to 32 MT4/5 terminals on a single Windows computer or VPS due to a MetaTrader limitation. Each terminal must host only one transmitter or receiver account. However, you can exceed this limit by using multiple user profiles on the same system. Performance depends on your hardware capabilities.

Can I copy HFT (High Frequency Trading) trades or during high-impact news events with Local Trade Copier EA MT4/5©?

Copying HFT trades or trades during high-impact news events, like NFP, is not recommended. The extreme volatility and slippage during such events may result in losses on the receiver account, even if the transmitter account profits. For best results, copy trades that remain open for at least 4-5 seconds.

Can I use Local Trade Copier EA MT4/5© on a Mac?

Yes, you can run the EA using Windows emulator software like Parallels or Wine on your Mac. Alternatively, you can use a Windows VPS to manage transmitter and receiver accounts.

How do MetaQuotes' restrictions on signal subscriptions impact the Local Trade Copier EA MT4/5©?

Due to changes by MetaQuotes, the EA cannot copy or multiply trades from MQL5.com signal subscriptions. Terminals with signal subscriptions restrict trading and history functions, making copying impossible. However, you can still copy and multiply trades from other signal or social trading platforms. 

Can the Local Trade Copier EA MT4/5© handle trades from read-only accounts?

Yes, it can copy trades from read-only (investor password) transmitter accounts, providing flexibility for users with limited account access.

What options are available for customizing lot sizes on copied trades?

There are 16 lot-size configurations, including fixed, proportional to balance or equity, and risk percentage per trade. Custom settings like specific multipliers or fixed lot sizes for individual symbols are also available.

How can I filter copied trades by magic number, symbol, or comment?

You can configure the EA to copy only trades with specific magic numbers, symbols, or comments, or exclude trades based on these filters for precise control.

Does Local Trade Copier EA MT4/5© support scheduled trade copying?

Yes, you can schedule trade copying by day and time. For example, you can pause copying during specific hours to align with your trading strategy.

Can the Local Trade Copier EA MT4/5© manage take profit (TP) and stop loss (SL) levels on copied trades?

Yes, you can either copy the transmitter’s TP/SL levels or customize them on the receiver side. Options include TP/SL multipliers, virtual (hidden) levels, and risk-reward ratios.

What does “Reverse Copying” mean, and how does it work?

Reverse Copying inverts the direction of trades from the transmitter. For instance, a long trade on the transmitter results in a short trade on the receiver, with adjusted TP/SL levels.

Can Local Trade Copier EA MT4/5© copy pending orders?

Yes, the EA can copy pending orders and execute them on the receiver side when triggered. Alternatively, you can configure it to copy only triggered orders as market trades.

Does the Local Trade Copier EA MT4/5© support automated trade closure?

Yes, receiver trades can close automatically when transmitter trades close, at set times, or based on conditions like TP/SL levels, drawdown limits, or profit targets. You can also enable automatic partial closures or delayed closures for more control.

What risk control features are available?

The EA includes maximum risk settings per symbol, currency, and account. Emergency protection features can stop copying or close trades based on equity, daily drawdown, or profit limits.

What protections are available for accounts using Local Trade Copier EA MT4/5©?

Emergency account protection allows all copied trades to be closed and copying disabled if equity falls below a specified level, safeguarding against further losses.

Are notifications available for trade and account activity?

Yes, the EA provides email and push notifications for new trades, daily account summaries, and emergency alerts when equity drops below predefined levels.

How does Local Trade Copier EA MT4/5© handle special symbols or unique prefixes/suffixes in symbols?

The EA can map prefixes, suffixes, and special symbols automatically or manually to ensure compatibility across brokers with varying conventions.

Is Local Trade Copier EA MT4/5© fully automated?

Yes, the EA is 100% automated, managing trades seamlessly without manual intervention.

Do you have any questions?

Send us your message in the contact page and we will get back to you as soon as possible.