Frequently Asked Questions (FAQs) for the Local Trade Copier EA MT4/5©

What is the Local Trade Copier EA MT4/5©, and what does it do?

The Local Trade Copier EA MT4/5© is a professional tool designed to copy trades efficiently between MetaTrader terminals (MT4 or MT5) on the same computer or VPS. It offers fast copying, extensive customization options, and is suitable for all types of traders.

Can I test the Local Trade Copier EA MT4/5© before purchasing it?

Yes, fully functional demo versions of the Local Trade Copier EA MT4/5© are available for download in the FREE Demo section of this website. These demos work for 4 hours per session and are limited to demo accounts.

Do I have to pay any recurring fees for the Local Trade Copier EA MT4/5©?

No, it’s a one-time purchase of $50 per version (MT4 or MT5), with no hidden costs or subscriptions. Rental options are also available: $30 for 3 months or $40 for 6 months.

How many devices or accounts can I use with my purchase?

The Local Trade Copier EA MT4/5© includes 20 activations, allowing you to install and use it on up to 20 different computers, VPSs, in as many trading accounts and terminals you want.

What kind of support is offered for the Local Trade Copier EA MT4/5©?

If you need assistance beyond the provided guides, you can contact us via our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or email us at info@juvenille-emperor.com. We typically reply within hours, including weekends and public holidays.

What operational modes are available in the Local Trade Copier EA MT4/5©?

The EA offers three distinct modes:

• Transmitter Mode: Sends trades to other accounts.

• Receiver Mode: Receives trades from one or more transmitter accounts.

• Self Copier Mode: Duplicates trades within the same account, ideal for amplifying manual or automated trades.

How quickly can the Local Trade Copier EA MT4/5© copy trades?

The EA can copy trades in under 0.5 seconds, assuming stable internet, low broker latency, and sufficient system resources.

Can I copy trades between live and demo accounts?

Yes, the EA supports copying trades across all account types, including real>real, real>demo, demo>real, and demo>demo setups.

Is it possible to copy trades between MT4 and MT5 accounts with the Local Trade Copier EA MT4/5©?

Yes, the EA supports copying between MT4 and MT5 terminals in all configurations (MT4>MT4, MT4>MT5, MT5>MT4, MT5>MT5). However, to enable this functionality, you must purchase both the MT4 and MT5 versions of the EA.

What are the recommended specifications for my computer or VPS to copy trades between MT4/5 terminals?

The hardware requirements depend on the number of MT4/5 terminals:

• 2 terminals: 2 CPU cores, 4 GB RAM.

• 3-5 terminals: 4 CPU cores, 6 GB RAM.

• 7-8 terminals: 6 CPU cores, 12 GB RAM.

• 10-15 terminals: 8 CPU cores, 16 GB RAM.

• More than 30 terminals: 16-24 CPU cores, 48-64 GB RAM.

Additional factors to consider:

• Latency: Select a VPS close to your broker’s servers.

• Disk Space: Allocate 50-100 GB of SSD storage.

• Operating System: Use the latest Windows Server version compatible with MT4/5.

What is the maximum number of MT4/5 terminals I can run on a single system?

You can run up to 32 MT4/5 terminals on one computer or VPS due to MetaTrader platform limitations. To go beyond this, you can use multiple user profiles on the same system, but the overall performance depends on your hardware.

Can high-frequency trading (HFT) trades or trades during high-impact news events be copied accurately with trade copiers?

Copying HFT trades or trades during high-impact news events, such as NFP, is not advisable with any trade copier. The extreme volatility, significant slippage, and potential execution delays during these periods make it unlikely for trades on the receiver side to match those on the transmitter side. Local Trade Copier EA MT4/5©, like other copiers, performs best with trades that remain open for at least 4-5 seconds.

Can I use the Local Trade Copier EA MT4/5© on a Mac?

Yes, you can use the EA on a Mac by running it through a Windows emulator like Parallels or Wine. Alternatively, you can set up a Windows VPS to manage your transmitter and receiver accounts.

Are there restrictions on copying trades from MQL5.com signal subscriptions?

MetaQuotes has restricted copying or multiplying trades from MQL5.com signals, making this feature unavailable for any copier. However, the EA can copy trades from other signal or social trading platforms. 

Can the Local Trade Copier EA MT4/5© copy trades from read-only accounts?

Yes, trades can be copied from read-only transmitter accounts accessed with an investor password.

What options are available for customizing lot sizes?

The EA provides 16 lot size configurations, including fixed, proportional, and risk-based options. Custom settings like multipliers or fixed lots for specific symbols are also available.

How can I filter trades for copying by magic number, symbol, or comment?

You can configure the EA to include or exclude trades for copying based on magic numbers, symbols, or comments, giving you precise control over the process.

Does the Local Trade Copier EA MT4/5© support scheduling trade copying?

Yes, you can schedule trade copying by day or time, allowing you to pause or resume copying to match your trading preferences.

Can the Local Trade Copier EA MT4/5© manage take profit (TP) and stop loss (SL) levels on copied trades?

Yes, you can choose to copy the transmitter’s TP/SL levels or customize these settings on the receiver side, including virtual TP/SL and risk-reward adjustments.

What is Reverse Copying, and how does it work?

Reverse Copying flips the direction of trades from the transmitter. For instance, a buy trade becomes a sell trade on the receiver, with adjusted TP/SL levels.

Does the Local Trade Copier EA MT4/5© support copying pending orders?

Yes, the EA can copy pending orders to the receiver or copy them only after they are triggered and executed as market trades on the transmitter side.

Can trades be closed automatically with the EA?

Yes, trades on the receiver side can close automatically when transmitter trades close, or based on conditions like TP/SL, drawdown, or profit targets. Partial and delayed closures are also supported.

What risk control features are provided?

The EA includes options like maximum risk settings by symbol, currency, or account, as well as equity-based trade copying limits and drawdown protection.

What account protection features are included?

The EA allows all trades to be closed, and copying to be disabled, if equity falls below a specified threshold, helping to protect your account from further losses.

Are notifications available for trade activity?

Yes, the EA sends email and push notifications for new trades, account updates, and critical alerts like equity drops.

How does the Local Trade Copier EA MT4/5© handle special symbols or custom prefixes and suffixes?

Symbols with unique prefixes or suffixes are automatically or manually mapped to ensure compatibility between transmitter and receiver accounts.

Is the Local Trade Copier EA MT4/5© fully automated?

Yes, the EA is entirely automated, requiring no manual intervention after setup.

Need assistance?

Send us a message on our contact page, and we’ll get back to you promptly.