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

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

The Local Trade Copier EA MT4/5© is a highly efficient tool that enables fast trade copying between MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals. It operates on the same computer or VPS and offers a wide range of customization features to suit traders of all experience levels.

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

Yes, demo versions of the EA are available in the FREE Demo section of this website. These fully functional demos work on demo accounts for up to 4 hours per session, allowing you to test the EA before committing to a purchase.

Does the Local Trade Copier EA MT4/5© require a subscription?

No, the EA is a one-time purchase for $50 per version (MT4 or MT5). There are no recurring fees, hidden charges, or contracts. Rental options are also available for $30 (3 months) or $40 (6 months).

How many activations do I get with my purchase?

The EA includes 20 activations, allowing you to install and use it in as many trading accounts and terminals you like, on up to 20 different computers, or VPSs.

What support options are available if I need help with the Local Trade Copier EA MT4/5©?

If the provided guides don’t resolve your issue, you can reach us through our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or by emailing info@juvenille-emperor.com. We typically respond within hours, including weekends and public holidays.

What modes are supported by the Local Trade Copier EA MT4/5©?

The EA has three modes:

• Transmitter Mode: Sends trades to receiver accounts.

• Receiver Mode: Copies trades from one or more transmitters.

• Self Copier Mode: Duplicates trades within the same account, useful for manual or automated trade multiplication.

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

The EA copies trades in less than 0.5 seconds, provided your system has a stable internet connection, low broker latency, and sufficient processing power.

Can trades be copied 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?

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

What are the system requirements for using the Local Trade Copier EA MT4/5©?

The required hardware depends 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 considerations:

• Latency: Use a VPS close to your broker's servers to minimize delays.

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

• Operating System: Install the latest Windows Server edition compatible with MT4/5.

How many MT4/5 terminals can run on one computer or VPS?

MetaTrader supports up to 32 terminals on a single system. To exceed this limit, you can use multiple user profiles on the same machine, provided your hardware can handle the additional load.

Are high-frequency trading (HFT) trades or trades during high-impact news events suitable for copying?

Copying HFT trades or trades during high-impact news events, like NFP, is not advisable with any trade copier. The extreme volatility and slippage during such periods can lead to significant discrepancies between transmitter and receiver trades. The EA works best with trades that remain open for at least 4-5 seconds.

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

Yes, the EA can be used on a Mac via a Windows emulator, such as Parallels or Wine. Alternatively, you can use a Windows VPS to manage your trading accounts.

Are trades from MQL5.com signals restricted from being copied? 

MetaQuotes restricts copying trades from MQL5.com signal subscriptions, preventing this functionality for all trade copiers. However, the EA can copy trades from other signal or social trading platforms. 

Can trades be copied from read-only accounts?

Yes, the EA supports copying trades from read-only transmitter accounts using an investor password.

What options are available for customizing lot sizes?

The EA offers 16 configurations for lot sizes, including fixed, proportional, and risk-based options. You can also set multipliers or fixed lot sizes for specific symbols.

Can I filter which trades are copied?

Yes, the EA allows you to filter trades for copying or exclusion based on magic numbers, symbols, or comments, giving you full control over the process.

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

Yes, you can schedule trade copying to pause or resume at specific times or on certain days, aligning with your trading strategy.

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

Yes, the EA can copy the transmitter's TP/SL levels or let you configure custom settings on the receiver, including virtual TP/SL and risk-reward adjustments.

What is Reverse Copying, and how does it work?

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

Can pending orders be copied?

Yes, pending orders can be copied as they are or configured to copy only after they are triggered and executed as market trades on the transmitter side.

Does the Local Trade Copier EA MT4/5© automate trade closures?

Yes, receiver trades can close automatically when transmitter trades close or based on conditions such as TP/SL levels, drawdown limits, or profit targets. Partial and delayed closures are also supported.

What risk management features are available?

The EA offers maximum risk settings for individual symbols, currencies, or accounts. Additional features include drawdown protection and equity-based limits for safe trading.

What account protection features are provided?

Emergency account protection ensures all trades can be closed, and copying can be stopped automatically if account equity falls below a specified threshold.

Does the Local Trade Copier EA MT4/5© send notifications for trade activity?

Yes, the EA provides 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 unique prefixes, suffixes, or custom symbols?

The EA can automatically or manually map symbols with unique prefixes and suffixes to ensure compatibility between transmitter and receiver accounts.

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

Yes, the EA is a fully automated system, managing trades independently after setup.

Have any questions?

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