Hello, yes this is possible to avoid in the future. If you don't want to copy already open transmitter trades when you setup or open your receiver terminals, just put in the receiver LTC settings:

Copy Current Trades: false

( turn all copy trade to false?)

What is Pass View?

Local Trade Copier EA MT4 can copy trades between MT4 accounts/terminals that are on the same windows computer or VPS.

Hello and thank you for your nice comments and feedback about your experience with the Local Trade Copier EA MT4.

If you mean how to stop copying new trades, but keep managing the already copied receiver trades, then you need to put in the receiver LTC settings:

Copy New Trades: false

Synchronized Trade Closure: true (as in default settings)

and the receiver LTC will not copy any new transmitter trades, but it will keep managing the already copied ones.

Yes, Local Trade Copier EA MT4 can copy from an investor password transmitter account.

Hello Thai, 'uninit reason 5' is not an error, it means that an EA setting was changed by the user, you.

If you can't copy properly, please check the following points very carefully:

No, there is no such limitation.

In this video you can watch the setup between 2 transmitters and 1 receiver account, the sequence is the same for more transmitters copying to 1 receiver account.

Good afternoon.
I have a problem. Everything was working well, but i made some modification in EA settings and it doesn't copy trades. I can't understand why this happens. Can you help me please ?

Thank you in advance!

Hello, check that you have ticked the 'Allow Live Trading' option in the Common tab of the Experts window and that you have clicked the 'Auto Trading' button in your MT4 terminal.

Afterwards check that you have a 'smiling face' in the Local Trade Copier EA MT4 expert icon in the upper right corner of that chart it is attached.

Hello

I'd like to protect my FTMO account during day trading and set a maximum money loss eg. 2000. It means I can trade many times on this account during a day (profits and losses), but in total, I can't excess of 2000 loss

What should I set in the setup of your copier to protect this?

I had "Use Emergency Account Protection" TRUE and I thought that "Maximum Daily Drawdown in Money" was correct option, but when I put 2000, then EA didn't close all my open trades when I reached 2000 loss on my account.

Can you explain me please, what I did wrong or what should I do? THANKS

Regards,

Marcin

... I have to add one important thing to my post above ...

I open positions on my FTMO account using your copier as a receiver and sometimes I do that manually without copying from the transmitter.

Thanks in advance for help :)

Hello Marcin,

The 'Maximum Daily Drawdown in Money=2000' setting, would have closed your receiver open trades and pause copying if your receiver account had a drawdown/loss of 2000 from the receiver account balance at 23:59:59 the previous day.

If during the day you had some profits of say 1000 and then from that level you had a drawdown/loss of 2000, the above 'Maximum Daily Drawdown in Money=2000' setting wouldn't have been triggered and closed your open receiver trades, because from 23:59:59 the previous day, your drawdown/loss was 1000 not 2000.

For your case I suggest you to use the 'Max Drawdown % from Balance High' setting that will close all receiver open trades and disable copying if it is reached. The only issue with this setting is that you will need to work out a percentage setting for your account and not money. Also it counts the receiver account drawdown/loss from the highest point of the balance and not equity. You can read all details about these settings, in the settings/inputs guide:

• Max Drawdown % from Balance High: In this setting you can put the maximum drawdown percentage that you can accept for your account, that when it is reached the EA will close all receiver copied trades and disable copying. The maximum drawdown percentage is calculated from the highest balance level of your account, since the EA was attached on it. This Max Drawdown % from Balance High setting will work even if the Use Account Protection setting above is false.

• Maximum Daily Drawdown in Money: In this setting, you specify the maximum daily drawdown amount acceptable for your receiver account. When this drawdown amount is reached, the EA will automatically close all copied trades on the receiver account and suspend copying until the next day. The maximum daily drawdown amount is calculated based on your account's balance or equity at 23:59:59 of the previous day. If 'Copy Current Trades' is enabled, the EA will also copy any transmitter trades that remain open and were not previously copied to the receiver account when copying resumes. This setting remains active even if the 'Use Account Protection' setting above is set to false. 

https://www.mql5.com/en/blogs/post/752549

All these 'Emergency Trade Management' settings will take into consideration the receiver account balance/equity levels and not the source of your trades, so you will not have any problem if some of your trades are manual.

I understand the described situation above and this is one factor that is very important for me and my FTMO account. It means if I have realised profit even 10000 at this moment then I can't loss until end of the day more than 12000.

I have to set your copier with 2 crucial goals ...

1. Total money for all losses and profits per day can't exceed loss of 2000 and

2. Floating loss for one or all opened positions at any time can't exceed loss of 2000

My questions ...

Tell me please what functions I have to change in the setup of the copier (I open trades manually and by copying on the Receiver)?

Which mode is correct: Receiver or Self Copier?

Do I have to run the Transmitter as well at the same time when I work with Receiver?

PS. I am trying now some functions on demo account with BTCUSD, but it doesn't work as I expected. Maybe I do something wrong. I realised a huge loss more than 5k, but I can open still new trades even with Maximum Daily Drawdown in Money set to 2000. Why?

Please contact me to help you over private messages, I need to ask you certain things about your account.

Answer my message in your privates messages in the upper right corner of the MQL5.com website.

Please check your private inbox - THANKS