FreelanceSections

Local copy trader EA

MQL4 Experts

Specification

MT4/MT5 Local Trade Copier - Technical Specifications

Core Functionality

Trade Copying Capabilities

  • MT4 to MT4: Full bidirectional copying between MetaTrader 4 platforms
  • MT4 to MT5: Unidirectional copying from MT4 master to MT5 slave accounts
  • Real-time synchronization with latency under 100ms
  • Multiple master/slave configurations supporting 1-to-many and many-to-1 setups

Supported Order Types

  • Market Orders (Buy/Sell)
  • Pending Orders (Buy Stop, Sell Stop, Buy Limit, Sell Limit)
  • Stop Loss and Take Profit modifications
  • Partial close operations
  • Order modifications and cancellations

Technical Architecture

System Requirement

  • MetaTrader Versions: MT4 build 1420+, MT5 build 3600+

Communication Protocol

  • Local Network Communication: TCP/IP sockets for ultra-low latency
  • Data Format: JSON or binary serialization for trade data
  • Encryption: AES-256 encryption for sensitive trade information
  • Failover System: Automatic reconnection and trade queue management

Advanced Features

Risk Management

  • Position Sizing Options:
    • Fixed lot size
    • Percentage-based sizing
    • Risk-based position calculation
    • Balance/equity ratio sizing
  • Maximum Position Limits: Per symbol and total exposure limits
  • Drawdown Protection: Automatic copying suspension at defined thresholds
  • Symbol Filtering: Include/exclude specific trading instruments

Trade Management

  • Slippage Control: Maximum allowed slippage for market orders
  • Magic Number Management: Automatic assignment and tracking
  • Comment Preservation: Maintain original trade comments with copier tags
  • Lot Size Multipliers: Configurable scaling factors per slave account
  • Partial Fill Handling: Smart management of partial order executions

Monitoring & Control

  • Real-time Dashboard: Live trade status and account monitoring
  • Trade History Log: Comprehensive logging of all copied trades
  • Performance Statistics: Success rates, latency metrics, P&L tracking
  • Alert System: Email/SMS notifications for critical events
  • Manual Override: Emergency stop and individual trade control

Configuration Options

Master Account Settings

  • Account Selection: Multiple master account support
  • Symbol Filter: Whitelist/blacklist trading instruments
  • Time Filter: Trading hours and session restrictions
  • Minimum Trade Size: Threshold filters for copying
  • Expert Advisor Integration: Compatible with existing EAs

Slave Account Settings

  • Account Mapping: Flexible master-to-slave relationships
  • Lot Size Conversion: Automatic scaling based on account size
  • Spread Adjustment: Compensation for broker spread differences
  • Delay Settings: Optional copying delays for testing
  • Reverse Copying: Option to copy opposite positions

Advanced Filters

  • Profit/Loss Thresholds: Only copy trades meeting P&L criteria
  • Maximum Spread Filter: Skip copying during high spread conditions
  • News Filter Integration: Pause copying during major news events
  • Correlation Analysis: Avoid over-exposure to correlated instruments

User Interface

Main Control Panel

  • Connection Status: Real-time master/slave connection indicators
  • Active Trades Grid: Live view of all copied positions
  • Account Summary: Balance, equity, and margin information
  • Quick Actions: Start/stop copying, emergency close all

Responded

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Developer 1
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276
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22
73% / 23%
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37
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34
24%
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0% / 33%
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6%
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(13)
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18%
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67% / 0%
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0
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0%
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3
0% / 0%
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0% / 77%
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33%
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Developer 6
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Loaded
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Developer 7
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(51)
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61%
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2%
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Developer 8
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29%
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7%
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Developer 10
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(77)
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232
73%
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6
100% / 0%
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Developer 11
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(11)
Projects
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28%
Arbitration
3
67% / 33%
Overdue
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6%
Free
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Project information

Budget
40+ USD
Deadline
to 3 day(s)

Customer

(24)
Placed orders51
Arbitrage count0