Trade Copier Local Multi Terminal

Trade Copier Simple Guide

Trade Copier is an Expert Advisor (EA) for MetaTrader 5 (MT5) that lets you automatically copy trades from one account (the "Master") to another (the "Receiver"). It's designed for users who want to duplicate trading strategies across multiple accounts on the same computer. No internet or external servers are needed—it uses a shared file on your machine to transfer trade info securely and quickly.

How It Works

1. Master Mode: Attach the EA to a chart on your main trading account. It monitors open positions and writes details (like symbol, buy/sell, lot size, stop loss, take profit) to a shared text file in MT5's common folder.
2. Receiver Mode: Attach another instance of the EA to a chart on the account you want to copy to. It reads the file every few hundred milliseconds (configurable) and opens/mirrors the same trades. It can close trades if they're no longer open on the Master.
3. Key Features:
   • Works locally on one PC—no delays from networks.
   • Auto-detects symbol differences (e.g., if your brokers use suffixes like "EURUSD.m").
   • Compatible with MT5's Strategy Tester for backtesting.
   • On-chart dashboard shows status, copied trades, errors, etc.
   • Detailed logging in the Experts tab for troubleshooting.

Setup is easy: Run two MT5 terminals on the same PC (e.g., one for Master, one for Receiver). Use the same EA file but set "EA Mode" to Master on one and Receiver on the other. The shared file ensures they communicate.

Customizable Settings

The EA has user-friendly inputs grouped into sections. You can tweak them in MT5's EA settings window. Here's a breakdown—focus on Receiver settings since that's where most customization happens for copying trades differently.

• General Settings:
  • EA Mode: Choose "Master" (sends trades) or "Receiver" (copies trades). Default: Master.
  • Poll Interval (ms): How often the EA checks the file (e.g., 500 ms = every half-second). Lower for faster copying, but don't go too low to avoid overloading your PC.
• File Settings:
  • Shared File Path: Location of the trade file (e.g., "TradeCopier\trades.txt"). Keep it the same on both Master and Receiver. It's stored in MT5's common data folder for easy sharing.
• Master Filters (Only for Master mode):
  • Magic Filter: Only copy trades with this magic number (0 = all trades).
  • Symbol Filter: Comma-separated symbols to copy (empty = all).
• Receiver Trade Settings (Key for customization on the copying side):
  • Lot Multiplier: Multiply the Master's lot size (e.g., 2.0 doubles it). Great for scaling up on a larger account. Default: 1.0 (same size).
  • Fixed Lot: Set a fixed lot size for all copied trades (0 = use multiplier instead). Useful if you want consistent sizing regardless of Master.
  • Copy Stop Loss: Enable/disable copying the Master's SL. Default: True.
  • Copy Take Profit: Enable/disable copying the Master's TP. Default: True.
  • Copy Direction: "Same" (copy buy as buy, sell as sell) or "Reverse" (buy becomes sell, sell becomes buy). Perfect for hedging strategies. Default: Same.
  • Max Slippage (points): Allowable price difference when opening trades. Default: 10.
  • Max Spread (points): Don't open if spread is wider than this (0 = off). Helps avoid bad entries.
  • Trade Retry Attempts: How many times to retry if a trade fails (e.g., due to market conditions). Default: 3.
• Display Settings:
  • Show Dashboard: Displays a panel on the chart with real-time info (positions, copied/closed/failed trades, errors). Default: True.
  • Verbose Logging: More detailed logs in the Experts tab. Default: True—turn off if you want less clutter.

Example for Receiver Customization:

• To multiply lots: Set Lot Multiplier to 1.5— a 0.1 lot trade on Master becomes 0.15 on Receiver.
• To reverse orders: Set Copy Direction to "Reverse"—buys on Master become sells on Receiver (useful for opposite strategies).
• To ignore SL/TP: Turn off Copy SL or Copy TP, and manage them manually on Receiver.