Local Trade Copier EA MT4/5© Settings/Inputs Guide

• Account Mode: Transmitter/Receiver/Self Copier. When Transmitter is selected Local Trade Copier EA MT4/5© will use this account as a transmitter (master account) for transmitting trades to other accounts. If Receiver is selected Local Trade Copier EA MT4/5© will receive/copy trades from one or more Transmitter accounts. If Self Copier is selected Local Trade Copier EA MT4/5© will copy/multiply the trades opened by any source (signal, expert advisors or manual) on the same trading account.

• Transmitter Account Number: If Receiver is selected above, here you should type the account number of the Transmitter account. If the Transmitter accounts are more than one, you should type their account numbers separated by commas, for example: 123456,654321 (This setting has a meaning for the receiver account mode only).

• Transmitter Comment: The comment the Transmitter account will send to the comments section of the Receiver account, along with every copied trade. The Transmitter Comment setting has 4 options: to leave it empty and that way there will be no comment on the receiver side, to write your own comment and that will be printed in the comments section of the receiver copied trade, to type the symbol # and this will copy the original comment of the transmitter trade to the receiver account or to type the symbol @ and this will copy the trade ID of the original transmitter trade as a comment on the receiver copied trade. This setting should be filled on the Transmitter account side only.

• Receiver Comment: The comment the Receiver account will print in the comments section, along with every copied trade. When this setting is empty, the Receiver account will print as a comment, whatever is sent from the Transmitter Comment above. When something is filled in this setting, it will override any Transmitter Comment above. This setting should be filled on the Receiver account side only.

General Settings

• Magic Number: The magic number that Local Trade Copier EA MT4/5© applies to all its own opened trades, for managing purposes. Don't put 0 in this setting!

• Magic Numbers to Copy: The magic numbers of the transmitter trades separated by comma, that Local Trade Copier EA MT4/5© will only copy. For example if you put 3245,0 the EA will only copy trades with 3245 magic number and manual trades (manual trades have a 0 magic number by default).

• Maximum Number of Copied Magic Numbers: The maximum number of magic numbers that can be copied at the same time (simultaneously) to the receiver accounts. 

• Magic Numbers Not to Copy: The magic numbers of the transmitter trades separated by comma, that Local Trade Copier EA MT4/5© will not copy. For example if you put 3245,0 the EA will not copy trades with 3245 magic number and manual trades (manual trades have a 0 magic number by default).

• Symbols to Copy: The receiver symbols separated by comma, that Local Trade Copier EA MT4/5© will only copy onto the receiver account. For example if you put EURUSD,GBPUSD Local Trade Copier EA MT4/5© will only copy EURUSD and GBPUSD trades. 

• Maximum Number of Copied Symbols: The maximum number of magic numbers that can be copied at the same time (simultaneously) to the receiver accounts. 

• Symbols Not to Copy: The receiver symbols separated by comma, that Local Trade Copier EA MT4/5© will not copy onto the receiver account. For example if you put EURUSD,GBPUSD the EA will not copy EURUSD and GBPUSD trades.

• Comments to Copy: The comments of the transmitter original trades separated by comma, that Local Trade Copier EA MT4/5© will only copy to the receiver account. For example if you put Expert 1,Expert 2 the EA will only copy original transmitter trades with Expert 1 or Expert 2 as a comment.

• Comments Not to Copy: The comments of the transmitter original trades separated by comma, that Local Trade Copier EA MT4/5© will not copy to the receiver account. For example if you put Expert 1,Expert 2 the EA will copy all original transmitter trades except those with Expert 1 or Expert 2 as a comment.

Copying / Multiplying Options

• Copy on Monday-Sunday:  The default copy time settings of 00:00:00-23:59:59 will copy all day long on. This setting allows you to exclude specific times. For example if you want to pause copying 1 hour before and 1 hour after 15:30, you can put in this setting 00:00:00-14:30:00,16:30:00-23:59:59 and that way Local Trade Copier EA MT4/5© will copy up to 14:30, then will pause copying until 16:30 and will copy normally again from 16:30 till midnight. Multiple such time strings can be inserted.

• Copy Long Trades: True/false for copying long/buy transmitter trades.

• Copy Short Trades: True/false for copying short/sell transmitter trades.

• Copy Current Trades: True/false for copying current/already open transmitter trades.

• Copy New Trades: True/false for copying new transmitter trades.

• Copy Take Profit: True/false for copying the Take Profit level of transmitter trades onto the receiver ones.

• Take Profit Multiplier: This setting allows you to increase or decrease the copied TP levels of the transmitter trades. This multiplier is 1 by default in order to copy the original TP levels, but if the user puts for example Take Profit Multiplier=1.5 the receiver copied trade will increase the applied take profit level by 150%. In other words a 100 points transmitter TP will be copied as a 150 points receiver TP.

• Add/Subtract Points in TP Level: With this setting you can add or subtract certain number of points in the copied take profit levels. For this setting to work Copy Take Profit must be enabled and Take Profit Multiplier=1. For example if you put 20 in this setting, a 100 points transmitter take profit will be copied as 120 points in the receiver side. If you put -30 a 100 points transmitter take profit level will be copied as 70 points in the receiver side. 

• Copy Stop Loss: True/false for copying the Stop Loss level of transmitter trades onto the receiver ones.

• Stop Loss Multiplier: This setting allows you to increase or decrease the copied SL levels of the transmitter trades. This multiplier is 1 by default in order to copy the original SL levels, but if the user puts for example Stop Loss Multiplier=2 the receiver copied trade will increase the applied stop loss level by 200%. In other words a 200 points transmitter SL will be copied as a 400 points receiver SL.

• Add/Subtract Points in SL Level: With this setting you can add or subtract certain number of points in the copied stop loss levels. For this setting to work Copy Stop Loss must be enabled and Stop Loss Multiplier=1. For example if you put 20 in this setting, a 100 points transmitter stop loss will be copied as 120 points in the receiver side. If you put -30 a 100 points transmitter stop loss level will be copied as 70 points in the receiver side. 

• Allow TP/SL Manual Change: True/false of the option to allow the user to change the applied TP/SL levels of the receiver copied trades manually. Local Trade Copier EA MT4/5© will keep updating the applied TP/SL levels onto the receiver copied trades as long as the user hasn't modified them manually. The moment he/she does, Local Trade Copier EA MT4/5© will no longer update them according to the transmitter original trades. This setting applies to pending orders too.

• Copy Market Trades: True/false for copying market trades. 

• Copy Pending Orders: True/false for copying pending orders. If it is false Local Trade Copier EA MT4/5© will only copy these pending orders when they will be triggered and opened. 

• Maximum Spread in Points: The maximum allowed spread on the receiver account, when copying a trade.

• Maximum Slippage in Points: The maximum allowed slippage on the receiver account, when copying a trade.

• Maximum Copying Difference in Points: The maximum allowed difference in price between transmitter and receiver accounts, when copying a trade.

• Use Copying Expiration in Seconds: True/false option to use the Copying Expiration in Seconds setting below.

• Copying Expiration in Seconds: The maximum allowed delay in seconds when copying a trade between transmitter and receiver accounts. For example if you put 60 in that setting and a trade that opened in the Transmitter account, hasn’t been copied in the Receiver account within 60 seconds (for various reasons, no liquidity or the instrument may be outside its trading hours, something usual with commodities or indexes) it will not be copied at all.

• Copying Delay in Seconds: With this setting you can copy a transmitter trade with a certain number of seconds delay to the receiver side. 

• Better Price: True/false for copying transmitter trades at a better, worse or the same price onto the receiver account(s), according to your setting below. Warning: if this option is true you may miss copying a transmitter trade completely if the market moves quickly against you.

• Better Price Difference in Points: This setting makes it possible to open copied receiver trades at a better, worse or the same price onto the receiver account(s), according to your setting. If you put 0 in this setting, Local Trade Copier EA MT4/5© will copy the transmitter trade onto the receiver account at the same or better price. If the transmitter buy open price is 1.08800 and this setting is 50, the receiver copied buy trade will be opened at 1.08750. There is also an option to open copied receiver trades when a certain level of profit is reached on the transmitter side, by using a negative value in this setting. For example if the transmitter buy open price is 1.08800 and this setting is -50, the receiver copied buy trade will be opened at 1.08850.

• Reverse Copying: True/false for reverse copying of the transmitter trades. If this is true Local Trade Copier EA MT4/5© will open a short/sell trade on the receiver account(s) for every long/buy one of the transmitter account(s) and vice versa.

• Keep Original TP/SL Distances: True/false. When this setting is false and a buy transmitter trade is opened with 100 points TP and 200 points SL, the opposite receiver trade will be copied with a 100 points SL and 200 points TP, in order the receiver trade to close at the same time with the original transmitter trade. If this setting is true Local Trade Copier EA MT4/5© will apply the original transmitter TP/SL levels in points on the receiver opposite trade, so the TP of the receiver copied trade will be 100 points and the SL will be 200 points.

Lot Size Management

• Lot Size Type: None/Fixed/Multiplier/Proportional by Balance/Proportional by Equity/Proportional Multiplier by Balance/Proportional Multiplier by Equity/Risk per Trade in % of Balance/Risk per Trade in % of Equity/Risk per Trade in Money/Lot Size per 1000 of Balance/Lot Size per 1000 of Equity. This setting has only meaning on the Receiver account(s). 

If None is selected, Local Trade Copier EA MT4/5© will not copy any transmitter trades.

If Fixed is selected, Local Trade Copier EA MT4/5© will copy the transmitter trades onto the receiver account(s) with a fixed lot size as per below Fixed Lot Size setting.

If Multiplier is selected, Local Trade Copier EA MT4/5© will use the below Multiplier setting for copying transmitter trades onto the receiver account(s).

If Proportional by Balance is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to the receiver account(s) balance only. For example, if the transmitter balance is $2000 and the receiver balance is $4000, a 0.10 lot transmitter trade will be copied as a 0.20 lot trade to the receiver account.

If Proportional by Equity is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to the receiver account(s) equity only. For example, if the transmitter equity is $2000 and the receiver equity is $4000, a 0.10 lot transmitter trade will be copied as a 0.20 lot trade to the receiver account.

If Proportional Multiplier by Balance is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to receiver account's balance with an additional multiplier applied, called Proportional Multiplier by Balance that can be adjusted below. This Proportional Multiplier by Balance is 1 by default, so if for example the default Proportional Multiplier by Balance=1 gives a 0.20 lot size trade to be opened on the receiver account side, if the Proportional Multiplier by Balance value is changed to 0.5 the receiver lot size will be 0.10 (0.20*0.5=0.10) and if the Proportional Multiplier by Balance value is changed to 3, the receiver lot size will be 0.60 (0.20*3=0.60).

If Proportional Multiplier by Equity is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to receiver account's equity with an additional multiplier applied, called Proportional Multiplier by Equity that can be adjusted below. This Proportional Multiplier by Equity is 1 by default, so if for example the default Proportional Multiplier by Equity=1 gives a 0.20 lot size trade to be opened on the receiver account side, if the Proportional Multiplier by Equity value is changed to 0.5 the receiver lot size will be 0.10 (0.20*0.5=0.10) and if the Proportional Multiplier by Equity value is changed to 3, the receiver lot size will be 0.60 (0.20*3=0.60).

If Risk per Trade in % of Balance is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined percentage of account balance in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Risk per Trade in % of Equity is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined percentage of account equity in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Risk per Trade in Money is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined amount in account currency in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Lot Size per 1000 of Balance is selected, Local Trade Copier EA MT4/5© will use the below Lot Size per 1000 of Balance setting, to calculate the lot size of the receiver copied trades, based on the balance of the receiver account. For example if Lot Size per 1000 of Balance=0.03 is inserted and the receiver account balance is $10000, the lot size of all receiver copied trades will be 0.30 lots.

Finally if Lot Size per 1000 of Equity is selected, Local Trade Copier EA MT4/5© will use the below Lot Size per 1000 of Equity setting, to calculate the lot size of the receiver copied trades, based on the equity of the receiver account. For example if Lot Size per 1000 of Equity=0.03 is inserted and the receiver account equity is $10000, the lot size of all receiver copied trades will be 0.30 lots.

• Fixed Lot Size: The fixed lot size of the copied trades onto the receiver account(s).

• Multiplier: The times that the multiplied trade opened by Local Trade Copier EA MT4/5© will be larger than the original transmitter trade. For example if the Multiplier is 1.5 and the transmitter trade is 0.10 lots, the receiver copied trade will be 0.15 lots. If the Multiplier is 2.0 and the transmitter trade is 0.22 lots, the receiver copied trade will be 0.44 lots.

• Proportional Multiplier by Balance: This setting will only be applied if Proportional Multiplier by Balance is selected in the Lot Size Type setting above. The Proportional Multiplier by Balance value is 1 by default, so if for example the default Proportional Multiplier by Balance=1 gives a 0.20 lot size trade to be opened on the receiver account side, if the Proportional Multiplier by Balance value is changed to 0.5 the receiver lot size will be 0.10 (0.20*0.5=0.10) and if the Proportional Multiplier by Balance value is changed to 3, the receiver lot size will be 0.60 (0.20*3=0.60).

• Proportional Multiplier by Equity: This setting will only be applied if Proportional Multiplier by Equity is selected in the Lot Size Type setting above. The Proportional Multiplier by Equity value is 1 by default, so if for example the default Proportional Multiplier by Equity=1 gives a 0.20 lot size trade to be opened on the receiver account side, if the Proportional Multiplier by Equity value is changed to 0.5 the receiver lot size will be 0.10 (0.20*0.5=0.10) and if the Proportional Multiplier by Equity value is changed to 3, the receiver lot size will be 0.60 (0.20*3=0.60).

• Risk per Trade in % of Balance: The percentage of account balance that will be risked on each receiver copied trade, if Lot Size Type=Risk per Trade in % of Balance above.

• Risk per Trade in % of Equity: The percentage of account equity that will be risked on each receiver copied trade, if Lot Size Type=Risk per Trade in % of Equity above.

• Risk per Trade in Money: The money in account currency that will be risked on each receiver copied trade, if Lot Size Type=Risk per Trade in Money above.

• Lot Size per 1000 of Balance: The lot size that will be used for the calculation of the Lot Size per 1000 of Balance Lot Size Type. For example if Lot Size per 1000 of Balance=0.03 is inserted in this setting and the receiver account balance is $10000, the lot size of all receiver copied trades will be 0.30 lots.

• Lot Size per 1000 of Equity: The lot size that will be used for the calculation of the Lot Size per 1000 of Equity Lot Size Type. For example if Lot Size per 1000 of Equity=0.03 is inserted in this setting and the receiver account equity is $10000, the lot size of all receiver copied trades will be 0.30 lots.

• Split Copied Trades in Parts: With this setting you can copy the receiver copied trades in many lot size parts, overcoming brokers limitations in this area. If your broker has a small maximum lot size limit or the market liquidity is thin and you can't open large trades with their original lot size, you can split your receiver copied trades into smaller parts. If for example Split Copied Trades in Parts=3 a 1 lot transmitter trade with a Multiplier=1 lot size type setting in the receiver side, will be copied as three 0.33 0.33 and 0.34 trades.

• Custom Symbol Multipliers: This setting allows different multipliers for various symbols, overriding the universal multiplier applied in the receiver settings. If for example a 2 multiplier has been set and in this setting you put: EURUSD3,GBPUSD4 the EURUSD receiver copied trades will be copied with a 3 multiplier and the GBPUSD trades with a 4 multiplier. This setting works only when Multiplier or Proportional Multiplier are selected on the Lot Size Type setting above. Also note that any suffixes the receiver account has on its symbols must be included. If for example the receiver account has a .r suffix in its symbols, this setting should be set as: EURUSD.r3,GBPUSD.r4

• Total Symbol Copied Trades: The maximum number of trades per symbol separated by comma that can be copied onto the receiver account each time. For example if this setting is EURUSD1,GBPUSD2 the receiver account will copy only a total of 1 EURUSD trade and 2 GBPUSD trades onto the receiver account each time. For example if a total of 1 EURUSD trades and 2 GBPUSD trades have already been copied onto the receiver account, no more trades of these symbols will be copied onto the receiver account. This setting applies to pending orders too (if Copy Pending Orders=true) and resets when any receiver copied trades are closed.

• Total Account Copied Trades: The maximum number of all trades that can be copied onto the receiver account each time. For example if this setting is 5 the receiver account will copy only up to 5 trades each time. So if 2 EURUSD trades and 3 GBPUSD trades has been copied onto the receiver account, Local Trade Copier EA MT4/5© will not copy any other trades because the total number of the copied receiver trades is over the 5 limit. This setting applies to pending orders too (if Copy Pending Orders=true) and resets when any receiver copied trades are closed.

• Total Symbol Copied Volume: The maximum volume per symbol separated by comma that can be copied onto the receiver account each time. For example if this setting is EURUSD1,GBPUSD2 the receiver account will copy only a total of 1 lot EURUSD trades and 2 lots of GBPUSD trades onto the receiver account each time. For example if a total of 1 lot EURUSD trades and 2 lots of GBPUSD trades have already been copied onto the receiver account, no more trades of these symbols will be copied onto the receiver account. This setting applies to pending orders too (if Copy Pending Orders=true) and resets when any receiver copied trades are closed.

• Total Account Copied Volume: The maximum volume of all trades that can be copied onto the receiver account each time. For example if this setting is 2 the receiver account will copy only a certain number of trades with a total lot size of 2 lots. So if a 1 lot EURUSD trade and a 1 lot GBPUSD trade has been copied onto the receiver account, Local Trade Copier EA MT4/5© will not copy any other trades because the total lot size of the copied receiver trades is over the 2 lots limit. This setting applies to pending orders too (if Copy Pending Orders=true) and resets when any receiver copied trades are closed.

• Minimum Receiver Lot Size: The minimum lot size that will be copied onto the receiver account. If for example the receiver calculation gives a 0.25 lot trade to be copied and this setting is 0.10, the receiver trade will be copied as 0.10 and not as 0.25 lot. In case your broker uses a smaller than 0.01 lot size, for example 0.001 or 0.0001 you need to put here this minimum lot size setting in order to be able to copy trades smaller than 0.01. This is needed for binary accounts and specifically copying of volatility indexes.

• Maximum Receiver Lot Size: The maximum lot size that will be copied onto the receiver account. If for example the receiver calculation gives a 7.25 lots trade to be copied and this setting is 5, the receiver trade will be copied as 5 and not as 7.25 lots.

• Ignore Receiver Lot Size Below: This setting allows control over the minimum lot size that will be copied onto the receiver account. If for example you have an Ignore Copying Lot Size Below=0.5 setting and a receiver trade is about to be copied with a 0.2 lot size, it will be ignored and will NOT be copied at all. In case your broker uses a smaller than 0.01 lot size, for example 0.001 or 0.0001 you need to put this minimum lot size setting in order to be able to copy trades smaller than 0.01. This is needed for binary accounts and specifically copying of volatility indexes.

• Ignore Receiver Lot Size Above: This setting allows control over the maximum lot size that will be copied onto the receiver account. If for example you have an Ignore Copying Lot Size Above=5 setting and a receiver trade is about to be copied with a 8.2 lots size, it will be ignored and will NOT be copied at all.

• Ignore Transmitter Lot Size Below: This setting allows control over the minimum lot size of the original transmitter trades that will be copied onto the receiver account. If for example you put Ignore Transmitter Lot Size Below=0.5 a transmitter trade of 0.2 lots it will be ignored and will NOT be copied at all. In case your broker uses a smaller than 0.01 lot size, for example 0.001 or 0.0001 you need to put this minimum lot size setting in order to be able to copy trades smaller than 0.01. This is needed for binary accounts and specifically copying of volatility indexes.

• Ignore Transmitter Lot Size Above: This setting allows control over the maximum lot size of the original transmitter trades that will be copied onto the receiver account. If for example you put Ignore Transmitter Lot Size Above=5 a transmitter trade of 8.2 lots it will be ignored and will NOT be copied at all.

• Minimum Volume Step: The default value is 0.01 and fits the majority of forex brokers. In case your broker uses a smaller than 0.01 lot size, for example 0.001 or 0.0001 you need to put here this minimum lot size setting in order to be able to copy trades smaller than 0.01. This is needed for binary accounts and specifically copying of volatility indexes.

Trade Management

• Synchronized Trade Closure: True/false of the option to close all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account(s) instantly, right after the original trades on the transmitter account(s) will be closed.

• Apply Partial Closure: True/false. If this setting is true, partial closure will be applied normally on the receiver copied trades, if it is false it will not.

• Closure Delay in Seconds: With this setting you can close the receiver trade with a certain number of seconds delay after the transmitter trade has been closed. 

• Reopen Closed Copied Trades: False/Instantly/At Open Price. If Instantly is selected the receiver closed copied trades will be reopened instantly if the transmitter trades are still open. If At Open Price is selected the receiver closed trades will be reopened at the open price of the transmitter trades, if these are still open, obeying any better price settings. 

• Virtual/Hidden TP/SL Levels: True/false of the option to use virtual/hidden take profit, stop loss levels, break even and trailing stop loss levels for all copied receiver orders/trades. When you use virtual levels, these are not visible to your broker and the market.

• Show Virtual Levels on Chart: True/false of the option to show the virtual take profit and stop loss levels on the chart. When it is true, the virtual take profit level will be shown on the chart with a lime color line and the virtual stop loss level will be shown on the chart with a salmon color line. Both virtual levels lines will also show profit/loss values for the trade on mouse hover. Notice: the virtual levels will be shown only on the chart Local Trade Copier EA MT4/5© is attached onto, because an EA cannot draw lines on another chart than the one is attached onto.

• Use TP/SL Levels in: Points/Money. If Points is selected, Local Trade Copier EA MT4/5© will apply TP/SL/BE and trailing SL settings on the receiver copied trades in points.  If Money is selected, Local Trade Copier EA MT4/5© will apply TP/SL/BE and trailing SL settings on the receiver copied trades in money.

• Take Profit in Points: The Take Profit level in points, applied on every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Take Profit=false above.

• Stop Loss in Points: The Stop Loss level in points, applied on every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Stop Loss=false above.

• Break Even Profit in Points: The profit level in points, for every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s), in which the EA will move the Stop Loss level to Break Even. This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Trailing Start in Points: The level in points that Local Trade Copier EA MT4/5© will start Trailing the Stop Loss for every copied trade opened by the EA on the receiver account(s). This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Trailing Stop in Points: The Trailing Stop Loss distance in points for every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Trailing Step in Points: The Trailing Stop Loss Step in points for every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Take Profit in Money: The Take Profit level in money applied on every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Take Profit=false above.

• Stop Loss in Money: The Stop Loss level in money applied on every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Stop Loss=false above.

• Break Even Profit in Money: The profit level in money for every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s), in which the EA will move the Stop Loss level to Break Even. This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Trailing Start in Money: The level in money that Local Trade Copier EA MT4/5© will start Trailing the Stop Loss for every copied trade opened by the EA on the receiver account(s). This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Trailing Stop in Money: The Trailing Stop Loss in money distance for every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Trailing Step in Money: The Trailing Stop Loss Step in money for every copied trade opened by Local Trade Copier EA MT4/5© on the receiver account(s). This setting is only applied if Copy Take Profit=false and Copy Stop Loss=false above.

• Close All Copied Trades on: False/Monday/Tuesday/Wednesday/Thursday/Friday/Saturday/Sunday/Every Day. This setting allows the user to close all receiver account copied trades, on a specific day and time. If Every Day is selected, all receiver account copied trades will be closed every day at the same time that will be set below.

• Close All Copied Trades Time: 00:00. The time of the day that the receiver Local Trade Copier EA MT4/5© will close all receiver account copied trades. The time must be in 00:00 format, not in 00,00 or 00.00 or at any other combination. For example if you want all receiver copied trades to close at half past nine in the morning, you should put 09:30 and if you want to close at six thirty in the afternoon, you should put 18:30.

• Close Copied Trades in Minutes: In this setting you can put the number of minutes after which each receiver copied trade will be closed. If for example 120 is inserted in this setting, every receiver copied trade will be closed 2 hours after it has been copied.

• Use Basket Take Profit %: True/False of the Basket Take Profit % option.

• Basket Take Profit %: The Take Profit level in % of balance (decimals are available) for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will close those positions.*

• Use Basket Stop Loss %: True/False of the Basket Stop Loss % option.

• Basket Stop Loss %: The Stop Loss level in % of balance (decimals are available) for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will close those positions.*

• Use Basket Break Even %: True/False of the Basket Break Even % option.

• Basket Break Even %: The profit level in % of balance (decimals are available) for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will move the Stop Loss level to Break Even.*

• Use Basket Trailing Stop Loss %: True/False of the Basket Trailing Stop Loss % option.

• Basket Trailing Start %: The profit level in % of balance (decimals are available) for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will start Trailing the Stop Loss level upwards.

• Basket Trailing Stop %: The Trailing Stop Loss level in % of balance (decimals are available) for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will close those positions if it is reached.*

• Basket Trailing Step %: The Trailing Step level in % of balance (decimals are available), for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will move the Stop Loss level. 

• Use Basket Take Profit in Money: True/false of the Basket Take Profit in Money option.

• Basket Take Profit in Money: The Take Profit level in account currency (decimals are available), for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will close those positions.*

• Use Basket Stop Loss in Money: True/false of the Basket Stop Loss in Money option.

• Basket Stop Loss in Money: The Stop Loss level in account currency (decimals are available), for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will close those positions.*

• Use Basket Break Even in Money: True/false of the Basket Break Even in Money option.

• Basket Break Even in Money: The profit level in account currency (decimals are available), for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will move the Stop Loss level to Break Even.*

• Use Basket Trailing Stop Loss in Money: True/false of the Basket Trailing Stop Loss in Money option.

• Basket Trailing Start in Money: The profit level in account currency (decimals are available), for all copied trades opened by Local Trade Copier EA MT4/5© on the receiver account combined, in which the EA will start Trailing the Stop Loss level upwards.

• Basket Trailing Stop in Money: The Trailing Stop Loss level in account currency (decimals are available), in which Local Trade Copier EA MT4/5© will close those positions if it is reached.*

• Basket Trailing Step in Money: The Trailing Step level in account currency (decimals are available), in which Local Trade Copier EA MT4/5© will move the Stop Loss level.

• TP Based on Risk/Reward Ratio 1/: Take profit can be applied on the receiver copied trades based on the risk/reward ratio of the trade. For this setting to work, Copy Take Profit must be disabled, and Take Profit in Points and in Money must be set to 0. For example, if the risk/reward ratio is set to 2 and the stop loss of the receiver copied trade is 100 points, the applied receiver take profit level will be 200 points. If the risk/reward ratio is set to 0.5, a 100 points stop loss will result in a 50 points receiver take profit level. 

• Partial Closure Take Profit % 1: The percentage of the take profit distance in which Local Trade Copier EA MT4/5© will close partially all receiver copied trades. For example if take profit is 100 points and 30 is inserted in this setting, the EA will close partially the trade when the 30 points take profit level is reached.

• Partial Closure TP Lot Size % 1: The percentage of the trades initial lot size that will be partially closed by Local Trade Copier EA MT4/5©, when the above Partial Closure Take Profit % 1 level is reached. For example if there is a 1 initial lot open trade and 30 is inserted in this setting, the EA will close partially the 30% of it, therefore 0.30 lots. The remaining 0.70 lots trade will keep running.

• Partial Closure Take Profit % 2: The percentage of the take profit distance in which Local Trade Copier EA MT4/5© will close partially all receiver copied trades. For example if take profit is 100 points and 50 is inserted in this setting, the EA will close partially the trade when the 50 points take profit level is reached.

• Partial Closure TP Lot Size % 2: The percentage of the trades initial lot size that will be partially closed by Local Trade Copier EA MT4/5©, when the above Partial Closure Take Profit % 2 level is reached. For example if there is a 1 initial lot open trade and 30 is inserted in this setting, the EA will close partially the 30% of it, therefore another 0.30 lots. The remaining 0.40 lots trade will keep running.

• Partial Closure Take Profit % 3: The percentage of the take profit distance in which Local Trade Copier EA MT4/5© will close partially all receiver copied trades. For example if take profit is 100 points and 70 is inserted in this setting, the EA will close partially the trade when the 70 points take profit level is reached.

• Partial Closure TP Lot Size % 3: The percentage of the trades initial lot size that will be partially closed by Local Trade Copier EA MT4/5©, when the above Partial Closure Take Profit % 3 level is reached. For example if there is a 1 initial lot open trade and 30 is inserted in this setting, the EA will close partially the 30% of it, therefore an extra 0.30 lots. The remaining 0.10 lots trade will keep running.

• Partial Closure Stop Loss % 1: The percentage of the stop loss distance in which Local Trade Copier EA MT4/5© will close partially all receiver copied trades. For example if stop loss is 100 points and 30 is inserted in this setting, the EA will close partially the trade when the 30 points stop loss level is reached.

• Partial Closure SL Lot Size % 1: The percentage of the trades initial lot size that will be partially closed by Local Trade Copier EA MT4/5©, when the above Partial Closure Stop Loss % 1 level is reached. For example if there is a 1 initial lot open trade and 30 is inserted in this setting, the EA will close partially the 30% of it, therefore 0.30 lots. The remaining 0.70 lots trade will keep running.

• Partial Closure Stop Loss % 2: The percentage of the stop loss distance in which Local Trade Copier EA MT4/5© will close partially all receiver copied trades. For example if stop loss is 100 points and 50 is inserted in this setting, the EA will close partially the trade when the 50 points stop loss level is reached.

• Partial Closure SL Lot Size % 2: The percentage of the trades initial lot size that will be partially closed by Local Trade Copier EA MT4/5©, when the above Partial Closure Stop Loss % 2 level is reached. For example if there is a 1 initial lot open trade and 30 is inserted in this setting, the EA will close partially the 30% of it, therefore another 0.30 lots. The remaining 0.40 lots trade will keep running.

• Partial Closure Stop Loss % 3: The percentage of the stop loss distance in which Local Trade Copier EA MT4/5© will close partially all receiver copied trades. For example if stop loss is 100 points and 70 is inserted in this setting, the EA will close partially the trade when the 70 points stop loss level is reached.

• Partial Closure SL Lot Size % 3: The percentage of the trades initial lot size that will be partially closed by Local Trade Copier EA MT4/5©, when the above Partial Closure Stop Loss % 3 level is reached. For example if there is a 1 initial lot open trade and 30 is inserted in this setting, the EA will close partially the 30% of it, therefore an extra 0.30 lots. The remaining 0.10 lots trade will keep running.

Emergency Trade Management

• Use Emergency Account Protection: True/false of the option to close all receiver copied trades and disable copying on the receiver account, giving the user time to disable/stop any signal subscription or EAs on the transmitter account(s), saving the receiver account from any further losses. ATTENTION! When you use this setting with Self Copier Account Mode above, you should put the same value that you will put below in Emergency Account Protection Equity, in the Stop if equity is less than: ... in Signals settings tab, in order to disable signal copying too at the same account equity level. If you don’t put that same equity amount in the Signals settings tab, your signal subscription will keep opening trades, but Local Trade Copier EA MT4/5© will close them instantly in order to protect your trading account from any further losses.

• Emergency Account Protection Equity: The equity amount of the receiver account under which Local Trade Copier EA MT4/5© will initiate the Emergency Account Protection described above.

• Account Take Profit Equity: The equity amount of the receiver account over which Local Trade Copier EA MT4/5© will close all open trades and disable copying. This must be a higher level than current equity.

• Max Drawdown % from Balance High: In this setting you can put the maximum drawdown percentage that you can accept for your account, that when it is reached Local Trade Copier EA MT4/5© will close all receiver copied trades and disable copying. The maximum drawdown percentage is calculated from the highest balance level of your account, since the EA was attached on it. This Max Drawdown % from Balance High setting will work even if the Use Account Protection setting above is false.

• Maximum Daily Drawdown %: In this setting you can put the maximum daily drawdown percentage that you can accept for your account, that when it is reached Local Trade Copier EA MT4/5© will close all receiver copied trades and suspend copying until the next day. The maximum daily drawdown percentage is calculated from the balance level of your account at 23:59:59 the previous day. If Copy Current Trades is enabled, the EA will copy all transmitter trades that are still open and weren't copied to the receiver account, when copying resumes. This setting will work even if the Use Account Protection setting above is false. 

• No Copying if Receiver Drawdown %>: This setting gives the option to suspend copying new trades on the receiver account if the current drawdown of the receiver account exceeds a certain level. Copying will resume when the drawdown level improves above the inserted value in this setting. For example if No Copying if Drawdown %>=20 the EA will suspend copying new trades on the receiver account if its current drawdown is larger than 20% and will resume copying new trades if the drawdown goes lower than 20% again. This No Copying if Receiver Drawdown %> setting will work even if the Use Account Protection setting above is false.

• Copy Only if Transmitter Drawdown %>: This setting allows the user to copy the transmitter original trades on the receiver side, only if the transmitter account has reached a certain drawdown. For example if No Copy if Transmitter Drawdown %>=5 the receiver account will start copying the transmitter trades only when the transmitter account drawdown exceeds the 5% level. If it does, all transmitter trades will be copied, if later the transmitter drawdown goes below 5% new opened transmitter trades will not be copied until the transmitter drawdown goes above 5% again. This Copy Only if Transmitter Drawdown %> setting will work even if the Use Account Protection setting above is false.

Notification Settings

• Send Email Notification: True/false of the option to receive a notification to your email address for every new trade opened in the trading account. This notification will include the comment, date and time, symbol, price and any applied TP and SL levels. You will have to set up the Email tab of the MT4/5 >> Tools >> Options terminal window, for this option to work properly. See more in the Local Trade Copier EA MT4/5 Installation Guide.

• Send Push Notification: True/false of the option to receive a push notification to your mobile phone or tablet for every new original or copied/multiplied trade, opened in the trading account. This push notification will include the comment, date and time, symbol, price and any applied TP and SL levels. You will have to set up the Notifications tab of the MT4/5 >> Tools >> Options terminal window, for this option to work properly. See more in the Local Trade Copier EA MT4/5 Installation Guide.

• Send Daily Notification: True/false of the option to receive a daily notification at the predefined time below with your account’s basic details like date and time, balance, equity and margin levels. This will keep you in touch with your signal subscription or any EAs that you are trading with, any opened copied/multiplied trades and their results.

• Send Daily Notification Time: The time of the day in 00:00 format (time formats like 0:00 00.00 0,00 or 0,00 will not work, time must be in four digit with colon in between format 00:00), in which you will receive your email and/or push notification with your account’s basic details as they are described above. Multiple times can be put in this setting, separated by commas, if you want to receive many daily notifications, for example: 00:00,12:00,20:00

• Send Emergency Notification: True/false of the option to receive an emergency email and/or push notification with your account’s basic details, like date and time, balance, equity and margin levels, when your equity drops below your pre-defined level set below.

• Emergency Notification Equity: The equity level in the account’s currency units (for example 1000 is $1000 if your account’s currency is in $), under which Local Trade Copier EA MT4/5© will send you an email or push notification with your account’s details as they are described above. Multiple equity levels can be put in this setting, separated by commas, for example: 6000,8000

Mapping Settings

• Prefix of the Transmitter Account: If the transmitter account has a non dot prefix in front of all the commonly used instruments/pairs, you should put that here in order to copy trades to other brokers that don’t use that prefix, without any problem. For example if your broker has a mEURUSD symbol, you should put m in this field. This setting should be filled only in the Receiver account(s). If the transmitter account has a dot prefix in front of each symbol, it will be mapped and copied automatically, without any special setting. Automatic transmitter prefix mapping works only for prefixes with a dot before the main symbol, like r.EURUSD and not for prefixes like ecnEURUSD or +EURUSD.

• Suffix of the Transmitter Account: If the transmitter account has a non dot suffix at the end of all the commonly used instruments/pairs, you should put that here in order to copy trades to other brokers that don’t use that suffix, without any problem. For example if your broker has a EURUSDm symbol, you should put m in this field. This setting should be filled only in the Receiver account(s). If the transmitter account has a dot suffix at the end of each symbol, it will be mapped and copied automatically, without any special setting. Automatic transmitter suffix mapping works only for suffixes with a dot after the main symbol, like EURUSD.r and not for suffixes like EURUSDecn or EURUSD+.

• Prefix of the Receiver Account: If the receiver account has a prefix in front of all the commonly used instruments/pairs, you should put that here in order to copy trades from other brokers that don’t use that prefix, without any problem. For example if your broker has a mEURUSD symbol, you should put m in this field. This setting should be filled only in the Receiver account(s).

• Suffix of the Receiver Account: If the receiver account has a suffix at the end of all the commonly used instruments/pairs, you should put that here in order to copy trades from other brokers that don’t use that suffix, without any problem. For example if your broker has a EURUSD.r symbol, you should put .r in this field. This setting should be filled only in the Receiver account(s). 

• Special Symbol 1-30: If your Transmitter account for example uses the US500 symbol for the US stock market S&P index and your Receiver account uses the SPX500 symbol for the same index, you should put US500,SPX500 in this field in order to copy from the Transmitter account to the Receiver without any problem. Remember that you should write the transmitter and receiver symbols, exactly as they are written in the MT4/5 >> View >> Marketwatch window, small or capital letters are very important, for example if the symbol is SPX500 and you write spx500 it will not work. You can set up 30 special symbols in the same way that is described above. This setting should be filled only in the Receiver account(s). 

* These settings/options are calculated as equity over balance, taking swaps and commissions into account.

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