Eagle Local Trade Copier MT5
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Giovanni Bengalis
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Eagle Local Trade Copier MT5
Eagle Local Trade Copier MT5 is a local trade synchronization utility for MetaTrader terminals running on the same Windows computer or Windows VPS. The same Expert Advisor can operate as a Master or a Slave.
Communication is performed locally through the shared MetaTrader Common Files folder. No external server, DLL, WebRequest, subscription, or third-party account is required.
Main Features
- Master and Slave modes in one Expert Advisor
- Multiple Master and Slave terminals on the same computer
- Independent copier channels for separating strategies or account groups
- Persistent ticket mapping for reliable position management
- Professional on-chart dashboard for monitoring accounts and copied trades
- Local operation without a cloud relay or remote copier server
Supported Routes
- MT5 Master to MT5 Slave
- MT5 Master to MT4 Slave when the corresponding MT4 edition is installed
- MT4 Master to MT5 Slave when the corresponding MT4 edition is installed
- MT4 Master to MT4 Slave when the corresponding MT4 edition is installed
MT5 receivers support both hedging and netting account modes.
Trade Synchronization
- Market BUY and SELL positions
- Pending orders
- Stop Loss and Take Profit
- Order and position modifications
- Partial closes
- Full closes and pending-order deletion
- MT5 stop-limit orders when supported by the receiving terminal and symbol
- Configurable copying of existing Master trades at startup
Volume Management
Select the sizing method that matches the receiving account:
- Master volume multiplied by a factor
- Fixed volume
- Balance ratio
- Equity ratio
- Risk percentage based on balance
- Risk percentage based on equity
- Fixed monetary risk
Calculated volumes are normalized to the receiving broker's minimum, maximum, and volume-step rules.
Risk and Execution Controls
- Maximum copied positions
- Maximum aggregate copied volume
- Maximum volume per copied trade
- Maximum spread filter
- Maximum drawdown protection
- Maximum floating-loss protection
- Trading-hours and weekday filters
- Symbol, comment, magic-number, direction, and volume filters
- Configurable slippage and execution retry policy
- Exponential retry delay for temporary execution errors
- Stale Master heartbeat protection
- Execution disabled by default until explicitly armed by the user
Automatic Broker Symbol Matching
The MT5 Slave can automatically resolve broker symbol prefixes and suffixes. Examples include EURUSD, EURUSD.a, mEURUSD, and similar broker-specific names.
The resolution order is:
- Explicit symbol mapping configured by the user
- Exact symbol match
- Configured prefix and suffix
- Automatic prefix and suffix detection
Automatic candidates are checked for visibility, tradability, and available quotes. Ambiguous matches are rejected instead of selecting a symbol without confirmation. The resolved mapping can be cached for subsequent copier cycles.
Professional Dashboard
The on-chart dashboard provides operational information without opening additional windows.
- Master account number, platform, channel, heartbeat, balance, equity, margin, free margin, floating profit, and active trades
- Connected Slave accounts with platform, execution state, equity, margin, free margin, and status
- Current copied trades with ticket, symbol, side, volume, open price, and floating result
- Execution state, mapped trades, actions processed during the last cycle, retry status, and protection state
- Paging and bounded rows to keep the panel readable
Local Transport
Eagle Local Trade Copier MT5 exchanges snapshots and acknowledgements through Terminal\Common\Files. All participating terminals must run under the same Windows user session and use the same copier channel.
No localhost web server needs to be installed. No incoming network port needs to be opened. The practical copying time depends on the configured timer interval, terminal load, broker execution, network conditions, and market liquidity.
Quick Setup
- Attach Eagle Local Trade Copier MT5 to one chart in the sending terminal.
- Select Master mode and choose a channel name.
- Attach Eagle Local Trade Copier MT5 to one chart in each receiving terminal.
- Select Slave mode and enter the same channel name.
- Configure symbol mapping, volume mode, filters, and risk limits.
- Enable algorithmic trading and explicitly arm execution after checking the settings.
- Verify the complete workflow on demo accounts before using a live account.
Requirements and Limitations
- MetaTrader terminals must remain open and connected.
- All locally connected terminals must run under the same Windows user session.
- The Master and Slave must use the same channel.
- Broker differences may affect symbol names, contract sizes, minimum volumes, stops, fills, commissions, swaps, and execution prices.
- MT4 and MT5 account models are different; some cross-platform operations require translation.
- MetaQuotes Virtual Hosting isolates terminal files and is not suitable for this cross-terminal local-file transport.
- Use a Windows VPS on which all required terminals can run together when continuous operation is needed.
Risk Notice
Trading and trade copying involve financial risk. Copied results can differ from the Master account because of spread, slippage, latency, liquidity, broker settings, contract specifications, and account configuration. This product does not guarantee execution prices or trading results. Test every route and risk configuration on demo accounts before live use.
