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Local Trade Copier EA MT4/5 Installation & User Guide

4 September 2021, 11:08

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✔️ Local Trade Copier EA MT4©: https://www.mql5.com/en/market/product/68950

✔️ Local Trade Copier EA MT5©: https://www.mql5.com/en/market/product/68951

Tip: You can download and try the Local Trade Copier EA MT4 demo version in your demo account: here

Tip: You can download and try the Local Trade Copier EA MT5 demo version in your demo account: here

Paste the downloaded free demo file into your MT4/5 >> File >> Open Data Folder >> MQL4/5 >> Experts folder and restart your terminal. The free demo version is fully functional for a period of 4 hours at a time, on demo accounts only. To reset the trial period, go to MT4/5 >> Tools >> Global Variables >> Control + A >> Delete. Kindly perform this action solely on a non-critical demo account and refrain from doing so in a challenge prop firm account.

Please read this installation guide very carefully, before you use your Local Trade Copier EA MT4/5. Most of your questions and issues will be answered in this guide, but if you still need support I am always happy to help you. Profile page: https://www.mql5.com/en/users/eleanna74 Email: info@juvenille-emperor.com

Important !!!

You must install your Local Trade Copier EA MT4/5 through your MQL5 account following the instructions below for all MT4/5 terminals that you want to use it on. Copy/paste of ex4/5 files will not work for MQL5.com Market purchases.

Download the custom MT4/5 terminal from your broker's website and use it to login into your trading account. Do not use the MT4/5 terminal of another broker to login into your trading account, it can affect copying!

Do not login into another trading account in your MT4/5 terminal when the Local Trade Copier EA MT4/5 is working, it will stop copying!

Do not use the investor password for logging into the receiver account, you will not be able to copy.

If your transmitter or receiver account has a suffix after each symbol (for example EURUSD.r), put that in the: Suffix of the Transmitter Account or in Suffix of the Receiver Account, setting (for example .r) in the receiver account settings.

Local Trade Copier EA MT4/5 Troubleshooting Guide: https://www.mql5.com/en/blogs/post/746561

How to Install and Setup Local Trade Copier EA MT4/5 for the First Time

First you need to install your Local Trade Copier EA MT4/5 in all MT4/5 terminals that you want to use it as a transmitter and receiver, following the full installation guide below, after step 6.

Remember that you must install your Local Trade Copier EA MT4/5 through your MQL5 account in all MT4/5 terminals that you want to use it on. Copy/paste of ex4/5 files will not work for MQL5.com Market purchases.

Also have in mind that you will need to install 2 terminals, one for the transmitter account and one for the receiver.

It is highly advised to download the custom MT4/5 terminal from your broker's website and use it to login into your trading account. If you use the MT4/5 terminal of another broker it may cause symbols confusion and other issues!

If you don't know how to install a second MT4/5 terminal of the same broker in your computer or VPS, watch the gif photo below carefully please. You need to select a different destination folder upon installation of your MT4/5 terminal.

Then you will need to perform the setup between the transmitter and receiver terminals, watching the quick setup video below.

If any of your brokers have any suffix after their symbols, like EURUSD.r or EURUSD+ watch the second part of the video, after 1:30 that shows a setup with suffixes.

If for example your transmitter account has a EURUSD.r symbol and your receiver account has a EURUSD+ symbol, you need to put in the receiver account settings:

Suffix of the Transmitter Account: .r

Suffix of the Receiver Account: +

If you are copying some index or other instrument that has a different symbol in the transmitter and receiver brokers, you will need to use the Special Symbol setup.

If for example your transmitter symbol is US500 and your receiver symbol is SPX500, you need to put in the receiver account settings:

Special Symbol 1: US500,SPX500

If you can't copy, then check the Experts tab of your receiver terminal for any messages or errors.

If you see a "not enough money" message, it means that your receiver account doesn't have enough free margin for copying this specific trade. Add money in your receiver account or reduce the desired lot size.
If you see a "trade is disabled" message, it means that trading is not enabled in your trading account in general and you need to contact your broker and ask them to enable trading in your trading account.
If you see an "unknown error" message, it means that your broker doesn't allow automated trading or the use of expert advisors in your trading account. This usually happens with some prop firms.

If you have any problem, please contact me to connect through Anydesk and help you with your setup. You can also contact me through my MQL5.com profile: https://www.mql5.com/en/users/eleanna74

For the full installation guide, please read further below.

Full Local Trade Copier EA MT4/5 Installation Guide

In order to buy Local Trade Copier EA MT4/5 from MQL5.com Market you need to have a MQL5 community account. If you don’t have one, you can register here: https://www.mql5.com/en/auth_register

1. First make sure that you have the necessary funds required for your purchase in your MQL5 account, it's always easier to pay with your MQL5 balance, than using a credit card during the buying procedure.

2. Find Local Trade Copier EA MT4/5 in the MQL5.com website and open its product page.

3. Click the Buy or Rent button to continue with your purchase.

4. Choose the payment method and click the green Next button to continue with your payment.

5. After your payment is completed, you will need to open your MT4/5 terminal in order to download and install your Local Trade Copier EA MT4/5.

6. When you open your MT4/5 terminal, you must make sure that you are logged into your MQL5 account with your MQL5 account login and NOT with your email, facebook or any other. For example my login is the last part of my profile url, in my case: eleanna74, the last part of: https://www.mql5.com/en/users/eleanna74

7. So, open the MT4/5 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.

8. Then go down in the MT4 Terminal window and click the Market tab. On the left side of the Market tab, click the Purchased option and then click the blue Install button on the right side of the product you've just purchased. Or for MT5 go in the Navigator window and click the Market folder and then Purchases. Then your Purchases window opens on the right with all your purchases and you can click the Install button on the right for the product you've just purchased.

Notice: You will need to repeat this product installation procedure through your MQL5 account in all the terminals that you want to use with your Local Trade Copier EA MT4/5. So repeat the last Steps 6-8 in order to have your Local Trade Copier EA MT4/5 available and ready to work in all the terminals that you will use for copying. Copy/paste of ex4/5 files will not work for MQL5.com Market purchases.

Notice: If you can't see your purchase when you click the Purchased option, check the below mentioned issues:

Make sure that:

that you have all the latest Windows Updates installed
that you have Internet Explorer or Microsoft Edge latest version installed on your computer or VPS
that you are using the latest build of MetaTrader 4/5
that you are logged into your MQL5 account in MT4/5 >> Tools >> Options >> Community tab, using your login - NOT your email
that your MQL5 account password is less than 10 characters (if your password is 10 or more characters - change MQL5 account password here)

In case you still don't see the product on the list of your purchases in the terminal, try the following:

Close ALL your MetaTrader terminals
Go to C:\Users\{user name}\AppData\Roaming\MetaQuotes\Terminal\Community
Delete all files starting from mql4.market.* and mql5.market.*
Open the MetaTrader terminal
Try to install your product again

9. After your Local Trade Copier EA MT4/5 is installed you may want to setup the email and push notifications of your MT4/5 terminal, in order to receive email and/or push notifications about your copied/multiplied trades opened by Local Trade Copier EA MT4/5 and/or daily notifications about your trading account’s basic details, such as balance, equity and margin levels. Also you will be able to receive emergency notifications if your account’s equity drops below the emergency notification equity drops below your pre-defined level.

10. So you open MT4/5 >> Tools >> Options >> Email tab and you fill in the necessary details for your email and server, in order to receive your email notifications. Below is an example of the details that are required and a list of the most popular email providers and their SMTP settings.

● In the SMTP server field you need to put your email provider’s SMTP address, you can see most of the popular providers below.

● In the SMTP login field you need to put your full email, for example: johnsmith@gmail.com

● In the SMTP password field, you need to put your email’s password.

● In the From and To fields, you need to put your full name a comma and then your email again, for example: John Smith, johnsmith@gmail.com

List of SMTP Mail Servers: https://domar.com/pages/smtp_pop3_server

Gmail: smtp.gmail.com:465

Outlook-Hotmail: smtp-mail.outlook.com:587

Yahoo: smtp.mail.yahoo.com:465

iCloud: smtp.mail.me.com:587

Mail.com: smtp.mail.com:465

Mail.ru: smtp.mail.ru:25

Zoho: smtp.zoho.com:465

Gmx.com: smtp.gmx.com:465

11. In order to set up your push notifications, open the MT4/5 >> Tools >> Options >> Notifications tab and fill in your mobile device’s or tablet’s MQL5 ID number, in order to receive your push notifications to those devices. You can find these MQL5 ID codes in your MT4/5 mobile app, if you click in Settings >> Messages.

You can also find your MQL5 IDs in your MQL5 account’s profile >> settings >> security.

If you choose to receive your transactions push notifications from the Local Trade Copier EA MT4/5 settings, you should not tick the Notify of Trade Transactions option because if you do you will receive your transactions notifications twice.

12. After you've finished setting up your notification details, you may want to put your Local Trade Copier EA MT4/5 to work. So, open any MT4/5 terminal and any chart of any symbol at any timeframe and then from the left side of your MT4/5 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it).

13. The Expert Advisor's settings window will open. In the MT4 terminal you click the Allow live trading option and the Allow modification of Signals settings on the Common tab and click OK. In the MT5 terminal you tick the Allow modification of Signals settings and the Allow Algo Trading options and click OK.

14. If you are going to use the Self Copier option in order to multiply the lot size of your trades onto the same trading account, click the Inputs tab of the Local Trade Copier EA and in the first Account Mode setting, choose: Self Copier.

15. If you don’t want to multiply your trades onto the same trading account, but you simply want to copy your trades from one or more trading accounts to one or more trading accounts of yours between local MT4/5 terminals (on the same Windows computer or Windows VPS), simply choose the Transmitter or Receiver role for the trading account that you’ve loaded the Local Trade Copier EA MT4/5 onto, in the Account Mode field.

If the trading account that you’ve loaded the EA onto is the Transmitter account, you don’t need to put anything in the Transmitter Account Number field, but if this is the Receiver account you need to fill in the Transmitter Account Number in that field. If the Transmitter Accounts are more than one, you need to put their number in that field of the Receiver account settings, separated by commas. For example if your Receiver account will receive/copy trades from 2 Transmitter accounts, you should put their account numbers, separated by a comma: 123456,654321

So, you need to attach and set up the Local Trade Copier EA on each and every MT4/5 terminal that you want to copy trades from and to, setting up in each terminal the role that the Local Trade Copier EA will play, as either a Transmitter or a Receiver.

16. In the Lot Size Management section you choose the way your copied trades will be copied onto your Receiver account.

If None is selected, the EA will not copy any transmitter trades.

If Same Lot Size is selected, the EA will copy the receiver trades with the same lot size as the original transmitter trades.

If Fixed Lot is selected, the EA 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, the EA will use the below Multiplier setting for copying transmitter trades onto the receiver account(s).

If Multiplier by Balance is selected, the EA will use the below Multiplier by Balance setting for calculating the multiplier that will be used for the receiver copied trades as follows. If the receiver account balance is $10000 and the Multiplier by Balance setting is 1000, the multiplier that will be used for the receiver copied trades will be 10 (10000/1000).

If Multiplier by Equity is selected, the EA will use the below Multiplier by Equity setting for calculating the multiplier that will be used for the receiver copied trades as follows. If the receiver account equity is $10000 and the Multiplier by Equity setting is 1000, the multiplier that will be used for the receiver copied trades will be 10 (10000/1000).

If Proportional by Balance is selected, the EA 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, the EA 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 by Free Margin 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) free margin only. For example, if the transmitter free margin is $2000 and the receiver free margin 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, the EA 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, the EA 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 % of Free Margin is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined percentage of account free margin 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, the EA 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, the EA 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.

17. If you leave the rest of the settings as they are, your copied trades opened by Local Trade Copier EA MT4/5 onto the receiver account(s), will be closed instantly when the original transmitter account(s) trades are closed. For more details on the Inputs/Settings of the EA, read the Inputs file carefully: https://www.mql5.com/en/blogs/post/745681

18. Then if you want to add the maximum protection for your receiver account(s), go to the Emergency Trade Management section and put the Use Emergency Account Protection to true and enter below the Equity level of your account, that you would like the Local Trade Copier EA MT4/5 to close all open trades and disable copying onto the receiver account, in order to save your trading account from any further losses. When you finish with this parameter, adjust any other settings you want and click OK.

19. After you've closed the Expert Advisor's window, you will see that there is a sad face (or a red sign in MT5) on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto (Algo) Trading button and instantly the sad face will smile (the red sign will turn green in MT5). Now your Local Trade Copier EA MT4/5 is working and you can see the trades of Transmitter account(s) being copied to Receiver account(s), according to your settings and requirements.

Local Trade Copier EA MT4/5 Quick Setup Video:

Important! The only 2 settings that are filled in the transmitter account side are these 2 highlighted in the screenshot below. All other settings are filled in the receiver account side. There is no meaning in changing any of the other settings in the transmitter account, it will mean nothing!

✔️ Local Trade Copier EA MT4©: https://www.mql5.com/en/market/product/68950

✔️ Local Trade Copier EA MT5©: https://www.mql5.com/en/market/product/68951

Tip: You can download and try the Local Trade Copier EA MT4 demo version in your demo account: here

Tip: You can download and try the Local Trade Copier EA MT5 demo version in your demo account: here

https://www.local-trade-copier.com

https://www.fast-trade-copier.com

https://www.best-forex-trade-copier.com

https://www.forex-local-trade-copier.com

https://www.metatrader-trade-copier.com

https://www.best-forex-local-trade-copier.com

https://www.best-trade-copier.com

https://www.trade-copier-mt4.com

https://www.trade-copier-mt5.com

Files:

Local_Trade_Copier_EA_MT4_4.10_Demo.ex4 206 kb

Local_Trade_Copier_EA_MT5_3.80_Demo.ex5 276 kb

#local copier account trade duplicator multiplier repeater copier mt4 mt5 account copier kopir

Kanishka Umapathy Patel 2023.05.28 20:39 #1

Can this EA be used if i only have investor password and not master password

Eleni Anna Branou 2023.05.28 20:48 #2

Kanishka Patel #:
Can this EA be used if i only have investor password and not master password

Hello, yes you can copy with Local Trade Copier EA MT4/5 from an investor password/read only transmitter account.

erwin923 2023.08.13 05:41 #3

Can I use this EA to copy trade (as transmitter) the trade that is opened by another EA in the same terminal?

Eleni Anna Branou 2023.08.13 08:15 #4

erwin923 #:
Can I use this EA to copy trade (as transmitter) the trade that is opened by another EA in the same terminal?

Yes of course, with Local Trade Copier EA MT4/5 you can copy the trades from any source, other EAs trades, signal trades or manual trades to any receiver account(s).

darkcanvas 2023.08.25 15:21 #5

Hi,

My transmitter broker has a suffx .a and my receiver has a suffix .i on all forex pairs, but no suffix on metals.

Tried by setting transmitter suffix to .a and receiver suffix to .i AND put special symbol XAUUSD.a,XAUUSD

but the copier wants to open a trade on XAUUSD.i on the receiver...

What's the solution?

Eleni Anna Branou 2023.08.25 15:27 #6

darkcanvas #:

Hi,

My transmitter broker has a suffx .a and my receiver has a suffix .i on all forex pairs, but no suffix on metals.

Tried by setting transmitter suffix to .a and receiver suffix to .i AND put special symbol XAUUSD.a,XAUUSD

but the copier wants to open a trade on XAUUSD.i on the receiver...

What's the solution?

Hello, try putting this special symbol setting in the receiver account:

Special Symbol 1: XAUUSD,XAUUSD

If that doesn't work, put in this receiver LTC:

Symbols Not to Copy: XAUUSD

and attach a second receiver LTC in another chart of the receiver account, putting these settings:

Symbols to Copy: XAUUSD

Special Symbol 1: XAUUSD.a,XAUUSD

with no other Suffix settings above.

This second receiver will copy only your XAUUSD trades.

johndoe2163 2024.01.01 06:24 #7

Hello,

I have a few questions about this trade copier.

1) I am on MAC, and see you mentionned as requirement WINDOWS or WINDOWS VPS. Does this mean it doesn't work on MAC OS?

2) How many receiver accounts can I have open at the same time? I.e., if I have 1 transmitter account, and 7 receiver accounts open, will it work? Or is there a limit to the number of receiver accounts?

3) Not all brokers have exactly the same prices. Therefore my question is, on the transmitter account, if I setup a SL of 50 pips, and a TP of 60 pips from entry, is there an option on the receiver account to set SL and TP price based on pips from entry? Insteady of copying TP and SL PRICE from transmitter account.

Thanks for your time!

Eleni Anna Branou 2024.01.01 10:15 #8

johndoe2163 #:

Hello,

I have a few questions about this trade copier.

1) I am on MAC, and see you mentionned as requirement WINDOWS or WINDOWS VPS. Does this mean it doesn't work on MAC OS?

Thanks for your time!

Hello,

I am answering your questions.

1. Local Trade Copier EA MT4/5 doesn't work on Mac OS but it will work on a windows emulation environment like Parallels.

2. You can copy from 1 or many transmitter accounts to 1 or many receiver accounts, there is no limitation from the Local Trade Copier EA MT4/5 but there is a MetaTrader limitation of 32 max open MT4/5 terminals on the same computer or VPS, so its all a matter of how many open MT4/5 terminals your computer can handle.

3. Yes, there is a 'Keep Original TP/SL Distances' option that works as below:

Keep Original TP/SL Distances: True/false. When set to false, the EA will copy the original TP/SL levels of the transmitter trade in normal copying. In reverse copying, if a buy transmitter trade is opened with a 100-point TP and a 200-point SL, the opposite receiver trade will be copied with a 100-point SL and a 200-point TP to ensure both trades close simultaneously. When set to true, the EA will adjust the TP/SL levels based on the differences in open price. For example, if a buy transmitter trade at 1.08700 with a 1.08900 TP and a 1.08500 SL is copied to the receiver side at 1.08720, the TP will be 1.08920, and the SL will be 1.08520. This adjustment applies to both normal and reverse copying.

You can read the details in the settings/inputs guide:

https://www.mql5.com/en/blogs/post/745681

johndoe2163 2024.01.01 13:29 #9

Eleni Anna Branou #:

Hello,

I am answering your questions.

1. Local Trade Copier EA MT4/5 doesn't work on Mac OS but it will work on a windows emulation environment like Parallels.

3. Yes, there is a 'Keep Original TP/SL Distances' option that works as below:

Keep Original TP/SL Distances: True/false. When set to false, the EA will copy the original TP/SL levels of the transmitter trade in normal copying. In reverse copying, if a buy transmitter trade is opened with a 100-point TP and a 200-point SL, the opposite receiver trade will be copied with a 100-point SL and a 200-point TP to ensure both trades close simultaneously. When set to true, the EA will adjust the TP/SL levels based on the differences in open price. For example, if a buy transmitter trade at 1.08700 with a 1.08900 TP and a 1.08500 SL is copied to the receiver side at 1.08720, the TP will be 1.08920, and the SL will be 1.08520. This adjustment applies to both normal and reverse copying.

You can read the details in the settings/inputs guide:

https://www.mql5.com/en/blogs/post/745681

Very clear answers. Thanks for clarifying these points!

B18DCCN278 - 2024.02.28 12:51 #10

Hi, What if I want more than 20 activation, did I need to purchase more ?

Eleni Anna Branou 2024.02.28 12:56 #11

B18DCCN278 - #:
Hi, What if I want more than 20 activation, did I need to purchase more ?

Hello, you can't add activations.

If you run out of activations, you can buy the product again in a MT4/5 terminal that is not currently installed.

I want to point out that 20 activations means that you can install and use your purchase in as many trading accounts and terminals you like, in 20 different computers or VPSs.

Nov Ember 2024.06.25 08:17 #12

Hello,

Do i have to leave all my MT5 receiver account open on the desktop? Will it run in the background?

Eleni Anna Branou 2024.06.25 09:28 #13

Nov Ember #:

Hello,

Do i have to leave all my MT5 receiver account open on the desktop? Will it run in the background?

Hello, yes in order to copy between transmitter and receiver accounts, you need to keep the corresponding MT4/5 terminals open and running in the same windows computer or windows VPS.

Please read carefully the first part of the Installation and User Guide below:

How to Install and Setup Local Trade Copier EA MT4/5 for the First Time

https://www.mql5.com/en/blogs/post/745683

Nov Ember 2024.06.30 07:56 #14

Eleni Anna Branou #:

Hello, yes in order to copy between transmitter and receiver accounts, you need to keep the corresponding MT4/5 terminals open and running in the same windows computer or windows VPS.

Please read carefully the first part of the Installation and User Guide below:

How to Install and Setup Local Trade Copier EA MT4/5 for the First Time

https://www.mql5.com/en/blogs/post/745683

Thanks for the reply. And also will my stop loss and take profit be shown and place on the receiver account if i place them on the transmitter account Or will it be a invisible SL and TP on the receiver account? And if i modified them will it be shown and modified on the receiver account as well?

Eleni Anna Branou 2024.06.30 09:11 #15

Nov Ember #:
Thanks for the reply. And also will my stop loss and take profit be shown and place on the receiver account if i place them on the transmitter account Or will it be a invisible SL and TP on the receiver account? And if i modified them will it be shown and modified on the receiver account as well?

Hello, if you keep the default 'Copy Take Profit=true' and 'Copy Stop Loss=true' settings, the TP/SL levels of the transmitter trades will be copied to the receiver trades alright.

If you want these levels to be hidden/invisible from your receiver broker, then put in the receiver LTC settings:

Virtual/Hidden TP/SL Levels=true

Rajeswari PR 2024.07.10 00:35 #16

Hi dude,

Can you guide me on anydesk from beginning,

After my purchase completes,

Cos the instructions to deploy are very lengthy,

And cant understand,

So csn you pls.

Eleni Anna Branou 2024.07.10 09:06 #17

Rajeswari PR #:
Hi dude,

Can you guide me on anydesk from beginning,

After my purchase completes,

Cos the instructions to deploy are very lengthy,

And cant understand,

So csn you pls.

Hello, it is important that you learn to perform the transmitter to receiver setup yourself in order to learn how to do it, but if you need help I can connect with Anydesk and help you.

Please read the first part of the installation and user guide to learn how the initial setup is performed:

How to Install and Setup Local Trade Copier EA MT4/5 for the First Time

https://www.mql5.com/en/blogs/post/745683

I will also send you the free demo files to try them in your demo accounts before you buy.

jocoph198 2024.08.25 01:04 #18

hi,

if MT5 to MT5, i only need 1 license?

if MT5 to MT4, i need 2 license?

TIA

Eleni Anna Branou 2024.08.25 09:17 #19

jocoph198 #:

hi,

if MT5 to MT5, i only need 1 license?

if MT5 to MT4, i need 2 license?

TIA

Hello,

If you want to copy between MT4 and MT5 terminals, you will need to purchase both MT4 and MT5 versions.

Eleni Anna Branou 2024.10.28 09:04 #20

Fendi Pramono #:

hello i just install your local copier mt4.. and its work very well.
but when i install to prop firm acc it just can't work like retail broker..
can you help me about this?

and

there is no option allow modification of signal settings

Hello Fendi,

Some prop firms don't allow the use of copiers, expert advisors or automated trading, so after your setup check the Journal tab of the receiver MT4 terminal for any messages or errors.

Please also check the following points VERY carefully:

1. Ensure that you have downloaded the custom-branded MT4/5 terminal from your broker's website. It is essential to install and use this specific terminal for logging into your trading account, as symbols and contract specifications can vary between brokers. Using a different broker's MT4/5 terminal can cause confusion. To avoid symbol mismatches or other issues, use only the terminal provided by your broker.

2. If you're unsure how to install a second MT4/5 terminal from the same broker on your computer or VPS, follow the instructions in the provided gif. During installation, make sure to select a different destination folder for the new terminal.

https://c.mql5.com/6/920/MT4_Installation_in_a_different_folder.gif

3. Log into your MQL5 account via MT4/5 >> Tools >> Options >> Community and install the Local Trade Copier EA through your MQL5 account on all terminals where you intend to use it. Do not copy ex4/ex5 files between terminals, as MQL5.com Market purchases won’t work this way. Stay logged into your MQL5 account for the Local Trade Copier EA to function properly.

4. Confirm that you’re using the latest version of the Local Trade Copier EA (MT4 version 4.10 and MT5 version 3.80) on both transmitter and receiver terminals. To update, delete the old version from Experts >> Market in the Navigator window, then reinstall the latest version via Market tab >> Purchased in MT4 or Navigator window >> Market >> My Purchases in MT5.

5. Restart both your transmitter and receiver terminals. This can resolve issues, especially if the terminals have been running for a long time.

6. Follow the setup process in the quick setup video below. Pay attention to the second part after 1:30 for handling broker suffixes and the third part for copying special symbols.

https://www.youtube.com/watch?v=TYI4xazOMFo

7. If you use the 'Risk per Trade' lot size options (either % of Balance/Equity/Free Margin or in Money), ensure the receiver's copied trades have an applied stop loss. Without a stop loss, the risk and lot size cannot be calculated, and the trade won’t be copied.

8. If you encounter issues on a VPS, check the Journal tab log in the receiver terminal for any errors. Some VPS providers, such as Zomro, may be blocked by MQL5.com for security reasons.

If the above steps don't help, try the following:

1. Delete the Local Trade Copier EA from both terminals.

2. Restart your computer or VPS and reopen the transmitter and receiver terminals.

3. Log into your MQL5 account, then reinstall the Local Trade Copier EA via Market tab >> Purchased in MT4 or Navigator window >> Market >> My Purchases in MT5. Do not copy/paste ex4/ex5 files, as this method doesn’t work for MQL5.com purchases.

4. Set up the transmitter and receiver, adjusting the receiver settings manually, without loading previous set files from older versions (4.00 MT4 or 3.70 MT5). Adjust for any broker suffixes and save a new set file for future use with the updated versions (4.10 MT4 or 3.80 MT5).

Still having issues?

Check the Experts and Journal tabs of your receiver terminal for messages or errors. Then, send me full screenshots of your transmitter and receiver terminals with the Marketwatch windows open, along with your receiver settings as a set file.

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