Frequently Asked Questions
Local Trade Copier EA MT4©
$100 $50
Local Trade Copier EA MT5©
$100 $50
Test the Local Trade Copier EA MT4/5© with a Free Demo
Start by downloading the free demo versions using these links: MT4 or MT5
Next, place the downloaded files in your MT4/5 by navigating to: File >> Open Data Folder >> MQL4/5 >> Experts, then restart your terminal.
Watch the quick setup video below, and follow the same steps in your demo accounts to test out the Local Trade Copier EA MT4/5© before purchasing. The demo version is fully functional for up to 4 hours at a time on demo accounts only. To reset the trial period, go to MT4/5 >> Tools >> Global Variables >> Ctrl + A >> Delete. Please only perform this reset on non-critical demo accounts and avoid using it on challenge prop firm accounts.
Frequently Asked Questions about Local Trade Copier EA MT4/5©
What is the Local Trade Copier EA MT4/5©, and what does it do?
The Local Trade Copier EA MT4/5© is an advanced tool designed to copy trades between MetaTrader terminals (MT4 or MT5) on the same computer or VPS. It offers reliable and fast trade copying with a wide range of customization options suitable for all types of traders.
Can I try the Local Trade Copier EA MT4/5© before purchasing?
Yes, you can download fully functional demo files of the Local Trade Copier EA MT4/5© from this website's FREE Demo section. These demo versions work for 4 hours at a time on demo accounts only.
Do I need to pay ongoing fees or a subscription for the Local Trade Copier EA MT4/5©?
No, you only pay a one-time fee of $50 for the MT4 or MT5 version. There are no hidden costs, recurring payments, or contracts. Additionally, rental options are available for $30 (3 months) or $40 (6 months).
How many accounts or devices can I use with my purchase?
The Local Trade Copier EA MT4/5© comes with 20 activations, allowing you to install and use it on as many trading accounts and terminals you like, in 20 different computers and VPSs.
What kind of support is available for the Local Trade Copier EA MT4/5©?
We provide comprehensive support. If the included Installation, Inputs & Troubleshooting guides don’t resolve your issue, you can contact us via our MQL5.com profile at https://www.mql5.com/en/users/eleanna74 or email info@juvenille-emperor.com. We usually reply within a few hours, including weekends and holidays.
What modes are available in the Local Trade Copier EA MT4/5©?
The EA includes three modes:
Transmitter Mode: Sends trades to other accounts.
Receiver Mode: Receives trades from one or more transmitter accounts.
Self Copier Mode: Duplicates trades within the same account, ideal for manual or automated trading.
How fast can the Local Trade Copier EA MT4/5© copy trades?
With a stable internet connection, low broker latency, and sufficient system performance, the EA can copy trades in less than 0.5 seconds, making it one of the fastest tools available.
Can I copy trades between live and demo accounts?
Yes, the EA allows copying trades between real>real, real>demo, demo>real, and demo>demo accounts, offering flexibility across all brokers.
Can the Local Trade Copier EA MT4/5© copy trades between MT4 and MT5 accounts?
Yes, the EA can copy trades between MT4 and MT5 terminals in all configurations (MT4>MT4, MT4>MT5, MT5>MT4, MT5>MT5). However, copying between MT4 and MT5 requires purchasing both MT4 and MT5 versions of the EA.
What hardware or VPS specifications are recommended for copying between MT4/5 terminals with the Local Trade Copier EA MT4/5©?
The hardware requirements for optimal performance vary depending on the number of 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.
30+ terminals: 16-24 CPU cores, 48-64 GB RAM.
Other considerations include low latency to your broker, at least 50-100 GB SSD storage, and the latest compatible Windows Server OS.
What is the maximum number of MT4/5 terminals I can use on one system?
You can open up to 32 MT4/5 terminals on a single Windows computer or VPS due to MetaTrader's limitations. Additional user profiles on the same system can bypass this limit, but performance depends on your hardware.
Can I copy HFT (High Frequency Trading) trades or trades during high-impact news?
Copying HFT trades or trades during volatile events like NFP is not recommended due to potential slippage and execution delays. The EA performs best with trades open for at least 4-5 seconds.
Can I run Local Trade Copier EA MT4/5© on a Mac?
Yes, you can use Windows emulators like Parallels or Wine on a Mac, or set up a Windows VPS to manage your transmitter and receiver accounts.
Are there any restrictions when copying trades from MQL5.com signal subscriptions?
MetaQuotes now restricts copying or multiplying trades from MQL5.com signals, making it impossible for this or any other copier to replicate them. However, you can copy trades from other signal or social trading platforms.
Can the Local Trade Copier EA MT4/5© copy trades from read-only accounts?
Yes, trades can be copied from read-only transmitter accounts using an investor password.
How can I customize lot sizes on copied trades?
The EA offers 16 options for lot size configurations, including fixed, proportional, and risk-based settings. Additional options, like symbol-specific multipliers or fixed lot sizes, provide further flexibility.
How can I filter trades by magic number, symbol, or comment?
Filters can be applied to include or exclude trades based on magic numbers, symbols, or comments, giving you full control over the trades copied.
Does the Local Trade Copier EA MT4/5© support scheduling?
Yes, you can schedule trade copying to pause or resume at specific times or days, aligning with your preferred trading strategy.
Can the Local Trade Copier EA MT4/5© manage take profit (TP) and stop loss (SL) levels?
Yes, the EA can copy TP/SL levels from the transmitter or apply custom settings on the receiver side, including virtual TP/SL and risk-reward ratios.
What is Reverse Copying, and how does it work?
Reverse Copying flips the trade direction from the transmitter. For example, a buy trade becomes a sell trade on the receiver, with adjusted TP/SL levels.
Can pending orders be copied?
Yes, the EA can copy pending orders or copy them as market trades upon triggering, depending on your preference.
Does the Local Trade Copier EA MT4/5© support automated trade closure?
Yes, receiver trades can be closed automatically when transmitter trades close or based on set conditions like TP/SL, drawdown, or profit targets.
What risk control features are included?
The EA offers maximum risk settings by symbol, currency, and account. Additional features include drawdown protection, equity-based limits, and daily profit/loss restrictions.
What protections are available for accounts?
Emergency protection features allow you to close all trades and disable copying if account equity falls below a certain threshold.
Are notifications available?
Yes, the EA provides email and push notifications for new trades, account summaries, and emergency alerts.
How does the Local Trade Copier EA MT4/5© handle special symbols or prefixes/suffixes?
Symbols with prefixes, suffixes, or custom formats can be automatically or manually mapped for compatibility between transmitter and receiver accounts.
Is the Local Trade Copier EA MT4/5© fully automated?
Yes, the EA is completely automated, requiring no manual intervention once configured.
Local Trade Copier EA MT4©
$100 $50
Local Trade Copier EA MT5©
$100 $50