TrueRisk Trade Copier MT4
- Utilities
- Version: 1.0
- Activations: 10
Copy your trades to every account, MT4 and MT5, each sized to its own risk
TrueRisk Trade Copier copies trades between MetaTrader 4 terminals, and between MetaTrader 4 and MetaTrader 5 (with the MT5 version), on the same computer or VPS: from the account you trade to your other accounts, to a prop-firm challenge, or from a personal account to a funded one. Each receiving account sizes every copy to its own risk % from the sender's stop loss, and never lets a copy's stop break that account's daily or maximum loss limit.
Free 14-day trial (demo accounts) | MT5 version | How to copy trades (guide) | TrueRisk Trade Panel MT4 (free)
- A 10k and a 200k account copying the same trade each risk the same percent
- MT4 to MT4, MT4 to MT5 and MT5 to MT4: the MT4 and MT5 versions use the same channel (each platform needs its own version)
- Stop loss and take profit changes, partial closes and closes are followed (MT5 live test: copies opened and closed within 0.5 s)
- The full TrueRisk Account Guard Pro engine runs on every receiver: daily and maximum loss locks, Friday close, optional prop-firm presets
- One payment, no subscription, no DLLs, no internet service. Free 14-day trial on demo accounts
How it works
- One file, two modes: attach it as Sender on the account you trade, and as Receiver on each account that should copy it (same channel name)
- The sender writes its open positions to MetaTrader's shared folder; receivers read it every 0.1 s
- Copies opening, stop loss and take profit changes, partial closes and closes
- MetaTrader 4 gives the rest of a partly closed trade a new ticket number; the copier keeps following it as the same trade, on the sender and on the receiver
- Receivers keep their copies if the sender's terminal is closed, disconnected or switches to another account; nothing is closed until the sender is back and really has closed the trade
Lot size of a copy (receiver)
- Risk %: the copy risks X% of this account's balance, equity or initial balance, measured from the sender's stop loss (default 0.5%)
- Or: the sender's lot x balance ratio x multiplier, the sender's lot x multiplier, or a fixed lot
- Optional: copy with the smallest lot when the size works out smaller
Limit-safe copying (what makes it different)
Before every copy the receiver adds up what it would lose if every open trade and pending order hit its stop loss. The copy's stop may only use the room that is left before the daily or maximum loss limit (minus the safety buffer). If it needs more, the lot is cut to fit, or the copy is skipped if you prefer. If the sender later widens its stop, the receiver follows only when the room allows it, otherwise it keeps its own stop. When the guard locks the account, new trades are not copied, and a copy the guard closed is not reopened.
What is copied, and what is not
- Sender's trades without a stop loss: wait until the sender sets one (default), copy with a stop of 1.5 x ATR(14) H1, or copy without a stop
- Skips a trade if the price has moved more than X% of its stop since the sender's entry (default 25%), so a late copy never starts far behind
- Trades that were already open more than a minute before the receiver saw them are not copied (optional)
- Filters: only these symbols, never these symbols, only these magic numbers (0 = manual trades)
- Symbol names: EURUSD, EURUSD.s, EURUSDm and EURUSD.pro are matched automatically; other names through a map (for example US30=DJ30, XAUUSD=GOLD)
- Stop loss and take profit at the sender's prices, or at the sender's distance from the entry (for brokers with different quotes)
- Pending orders are copied when they fill. There is no reverse copying: prop firms treat hedging between accounts as a breach
Account guard (receiver: the whole account, every symbol, every EA, manual trades)
- Your own daily and maximum loss limits, or a prop-firm preset: FTMO 2-Step, FTMO 1-Step, FundedNext Stellar 2-Step, The5ers High Stakes
- Daily loss limit with the reset in server time, Prague time, New York time or UTC (summer time handled)
- Maximum loss: static, trailing or end-of-day trailing
- Steps in at, for example, 80% of a limit: closes all positions, deletes pending orders and keeps trading locked (daily: until the reset, maximum: for good)
- Optional: per-trade loss cap and stop loss for trades without one, max positions, lots and trades per day, Friday close
- The high-impact news lock needs MetaTrader 5's built-in economic calendar, which MT4 doesn't have: on MT4 it is off
The presets follow the rules the firms published in October 2026. Firms change their rules: compare the panel with your firm's dashboard before trading. Most firms allow copying between your own accounts but not copying other people's trades; check your firm's rules on trade copying.
Panels
- Sender: positions shared and which receivers are running (with their number of copies)
- Receiver: copying or on hold (and why), copies open, waiting and not copied (with the reason), the lot rule, the room before a limit, today's result and both limits
Try it in the Strategy Tester
In the tester the receiver copies a simulated sender on the chart's symbol (tester only): it opens trades, sets a late stop on some, closes half, moves the stop to break-even and closes, so you can watch the sizing, the room check and the guard at work. In the tester a copy that works out smaller than the smallest lot is opened with the smallest lot.
How it was tested
Live, on two demo accounts (14 October 2026, an MT4 and an MT5 terminal on one computer, EURUSD, receivers at 0.5% risk):
- MT5 sender to MT4 receiver: a 0.10 lot buy with a 20-pip stop was copied; the sender's tighter stop, nearer target and wider stop were followed; a sell without a stop was copied only after the sender set one; both copies were closed with the sender's closes
- With copies at twice the sender's lot, the sender's half close (0.10 to 0.05) cut the MT4 copy from 0.20 to 0.10, and the rest (which MT4 gives a new ticket) was closed with the sender
- MT4 sender to MT5 receiver: a 0.20 lot buy was copied as 1.24 lot, risk 248.00 (0.5% of the 50,000 demo is 250.00; the lot is rounded down, never up); its stop changes were followed; the sender closed half on MT4 (new ticket) and the copy was cut by 0.62 lot; the sell without a stop waited for one; both copies closed with the sender
- Twice MT4 refused a stop change for a moment (a common error and a lost connection, at night); the copier tried again and it went through
Strategy Tester (MT4, EURUSD H1, simulated sender with random entries): 198 copies, 125 partial closes and 74 stop changes followed, 0 errors.
The same copier engine runs on MT5, where it was also tested live between two MT5 accounts and in the MT5 Strategy Tester (202 copies on gold, 0 failed requests).
Good to know
- All terminals must run on the same computer or VPS (local copier) and stay open
- Each terminal needs its own chart with the copier; use a different channel name for each sender
- Lot sizes come from the broker's own tick values; commissions are not included in the risk
- On MT4 the smallest lot step is often 0.10: a copy or a partial close that works out smaller is rounded to the step (or skipped, see the inputs)
- Trades without a stop loss can't be counted in the room; the receiver's panel says so while one is open
Inputs
- Copier: mode (sender or receiver), channel
- Receiver lot size: risk %, risk base, multiplier, fixed lot, shrink or skip when the room is too small, smallest lot allowed
- What to copy: follow stop loss and take profit changes, stops at the sender's prices or distances, trades without a stop loss, maximum price move, older trades, symbol and magic filters, symbol map, magic number of the copies
- Sender: also run the account guard on the sender's account
- Loss limits and prop firm rules: preset, initial balance, highest balance so far (trailing), daily and maximum loss limits, safety buffer, warning level, daily profit target
- Per-trade loss cap, trades without a stop loss, trade limits, Friday close (the news inputs only work on MT5)
- Alerts, push notifications, panel corner and font size
- Tester demo (Strategy Tester only)
Support: if something doesn't work as expected, send me a private message first. I answer every message and fix problems quickly.
