Trade Copier Console MT4
- Utilities
- Version: 1.0
- Activations: 20
A local trade copier between MetaTrader terminals on one PC or VPS. Copying runs in any direction between MT5 and MT4. The volume of a copy is calculated in percent of equity, in account currency, or by mirroring the master's risk share; trades are selected by filters on symbol, magic number, comment and size. The panel handles the life of an open copy: virtual SL/TP, break even, trailing stop, basket close and a scheduled close. Daily, total and volume limits protect the account and trip early, before the limit is breached.
Manual and free demo
The demo version runs on demo accounts: the same code, the complete feature set, no time restriction. The choice of source and risk level stays with the trader; execution, instrument name matching and the management of the copies are handled by the product.
What it does
The product works in three roles. Source publishes the trades of its own account and performs no trading operations, Receiver copies up to eight sources at once, and Self copier duplicates the account's own trades on that same account. Volume is calculated by eight methods: percent of equity, mirroring of the master's risk share, a fixed money risk, the ratio of the two accounts, a multiplier, a fixed lot, a lot per thousand of account funds, and the master's lot one to one. The calculation is based on money at risk rather than on lots: when two brokers use different contract sizes, the specified risk is preserved, and stop levels are carried as a price distance rather than as an absolute price. Individual tasks are handled by separate blocks:
- Symbol Bridge: instrument names are matched automatically, taking prefixes, suffixes and instrument groups into account (GOLD and XAUUSD); an ambiguous match is not resolved by guesswork but refused with the list of candidates
- Mirror: the source positions and the open copies are matched line by line, with volume, result and the reason for a refusal in the line where the copy is absent
- Pending orders: placement of a matching pending order, copying upon its trigger, or no copying at all; the level is carried as a distance from the market and the order expiry as an interval of time
- Copy management: virtual SL/TP, own levels where the master set none, a take profit as a ratio to the risk, break even, a trailing stop with a step, a copy lifetime, a basket close in money or percent, and a scheduled close whose state survives a terminal restart
- Risk guard: loss limits for the day and for the whole period, a daily profit target, equity boundaries, a pause during drawdown, restrictions on the number of copies, on volume and on risk, a ban on opposite positions, and a cap on the number of requests to the trade server
The bridge between the platforms works in all four directions and carries partial closes, scale-ins and pending orders. A position reversal is executed as the sequence "close, confirm the flat position, open", which rules out holding opposite sides on two accounts at the same time. The daily limit can be counted in the time zone of a prop firm rather than of the broker. A copy exceeding the broker's maximum lot is split automatically; forced splitting into parts of a specified size is available as well. Also provided are reverse copying, an entry delay, a trade expiry, entry only at a price better than the master's entry price, refusal of a trade that has moved a specified distance from that price, time windows with several intervals, and individual lots, multipliers and spread limits for each symbol.
In addition: Push and Email notifications, dark and light themes with automatic scaling to the screen DPI, a comment template for copies, a 0.001 volume step for crypto symbols, a polling rate from 25 to 500 ms, and 103 settings, three of which are required to start.
Limitations. Copying over a network is not supported: both terminals have to run on one machine. MT5 stop limit orders are not copied, since MT4 has no such order type. A netting account is not converted into a hedging one. In the strategy tester copying is not performed: there is no source of trades there. MT4 and MT5 are sold separately: the bridge works both ways, but each terminal runs its own version of the product, which has to be purchased separately.
