Download Local Trade Copier EA MT5© Free Demo

Choose the MetaTrader version you want to test:

Download MT5 Trade Copier Demo

Local Trade Copier EA MT5© for testing trade copying between MetaTrader 5 demo accounts.

Download MT4 Trade Copier Demo

Local Trade Copier EA MT4© for testing with MetaTrader 4 demo accounts or together with the MT5 demo in a cross-platform setup.

For an MT5 → MT5 test, download the MT5 demo and install it in both MetaTrader 5 terminals.

For an MT4 → MT5 or MT5 → MT4 test, download both demo versions and install the appropriate version in each terminal.

What Can You Test with the Free MT5 Trade Copier Demo?

The free demo allows you to experience the actual trade-copying workflow before purchasing.

Depending on your configuration, you can test features such as:

• MT5-to-MT5 trade copying

• Transmitter and receiver communication

• Market order copying

• Pending order copying

• Stop Loss and Take Profit synchronization

• Trade modifications and closures

• Partial trade closures

• Lot sizing and risk-management methods

• Trade filters

• Broker prefix and suffix handling

• Custom symbol mapping

• Different receiver settings

• Multiple MT5 account configurations

• Other available Local Trade Copier EA MT5© settings

Testing on demo accounts is particularly useful when your transmitter and receiver use different brokers, because you can verify symbol mapping, lot sizing and copying behavior before using a similar configuration with live accounts.

How to Install the MT5 Trade Copier Demo

For a basic MT5-to-MT5 test, you need two MetaTrader 5 terminals: one for the transmitter account and one for the receiver account.

Both terminals should be installed on the same Windows computer or Windows VPS.

Step 1 – Install Two MetaTrader 5 Terminals

Install two separate MetaTrader 5 terminals on your computer or Windows VPS.

Log into a different demo trading account in each terminal.

The first account will act as your Transmitter.

The second account will act as your Receiver.

If you are testing between different brokers, install the appropriate MT5 terminal supplied by each broker.

Step 2 – Download the MT5 Demo File

Select Download MT5 Trade Copier Demo above and save the Local Trade Copier EA MT5© demo file to your computer.

You will use the same MT5 demo EA in both MetaTrader 5 terminals.

Step 3 – Open the MT5 Data Folder

In the first MetaTrader 5 terminal, select:

File → Open Data Folder

Then open:

MQL5 → Experts

This is the folder where MetaTrader 5 Expert Advisors are installed.

Step 4 – Install the Demo in the First MT5 Terminal

Place the downloaded Local Trade Copier EA MT5© demo file inside:

MQL5 → Experts

Then restart the MetaTrader 5 terminal so that the EA becomes available.

Step 5 – Install the Demo in the Second MT5 Terminal

Repeat the same procedure in your second MetaTrader 5 terminal:

File → Open Data Folder → MQL5 → Experts

Place the MT5 demo file in the Experts folder and restart that terminal as well.

Local Trade Copier EA MT5© should now be available in both MT5 terminals.

Step 6 – Enable Algorithmic Trading

Make sure Algo Trading is enabled in MetaTrader 5 so that the Expert Advisor can operate.

Attach Local Trade Copier EA MT5© to a chart in each terminal.

You are now ready to configure one account as the transmitter and the other as the receiver.

How to Set Up the MT5 Transmitter and Receiver

After installing the demo in both terminals, configure the basic trade-copying connection.

Step 1 – Configure the Source MT5 Account as Transmitter

Attach Local Trade Copier EA MT5© on any chart of the account from which you want trades to be copied.

Set:

Account Mode: Transmitter

This account becomes the source of the trading activity.

Step 2 – Configure the Second MT5 Account as Receiver

Attach Local Trade Copier EA MT5© on any chart of your second MetaTrader 5 account.

Set:

Account Mode: Receiver

This account will receive eligible trades from the transmitter.

Step 3 – Configure the Transmitter/Receiver Connection

Complete the required transmitter and receiver connection settings according to your setup, following the Quick Setup Video below.

For a simple test, begin with one transmitter and one receiver.

Once the basic connection is working correctly, you can experiment with more advanced configurations and receiver-specific settings.

Step 4 – Configure Receiver Lot Sizing

Choose how the receiver should calculate the size of copied trades.

Local Trade Copier EA MT5© provides multiple lot sizing and risk-management methods.

For your first test, choose a simple method that makes it easy to verify the resulting receiver lot size.

Step 5 – Check the Broker Symbol Names

For example, if EURUSD.r is on your transmitter account and EURUSD+ is on the receiver account, enter in the receiver settings:

Suffix of the Transmitter Account: .r

Suffix of the Receiver Account: +

If you are copying between accounts with the same broker, and both transmitter and receiver accounts have a symbol like EURUSDm, you still need to configure the suffix settings:

Suffix of the Transmitter Account: m

Suffix of the Receiver Account: m

For cases where indices or instruments have differing symbols across brokers, apply the Special Symbol setup. For instance, with a transmitter symbol of US500 and a receiver symbol of SPX500, input:

Special Symbol 1: US500,SPX500

Step 6 – Confirm the EA Is Running

Check both MetaTrader 5 terminals and confirm that Local Trade Copier EA MT5© is active and operating without setup errors.

You can now begin testing trade copying.

How to Test Trade Copying Between MT5 Demo Accounts

Once the transmitter and receiver are connected, perform a simple controlled test.

Test 1 – Open a Market Trade

Open a small market trade manually on the transmitter demo account.

For example:

EURUSD Buy

Check the receiver terminal and confirm that the corresponding trade is copied according to your receiver settings.

Verify:

• Correct symbol

• Correct buy or sell direction

• Correct receiver lot size

Test 2 – Modify Stop Loss and Take Profit

Add or modify the Stop Loss and Take Profit on the transmitter trade.

Check whether the corresponding levels are updated on the receiver according to your configuration.

Test 3 – Partially Close the Trade

If appropriate for your test setup, partially close the transmitter position.

Check the receiver and confirm that the copied position responds according to the configured trade-copying behavior.

Test 4 – Close the Trade

Close the original trade on the transmitter.

Confirm that the corresponding receiver trade also closes.

Test 5 – Test a Pending Order

Place a pending order on the transmitter demo account and test the pending-order behavior you intend to use.

Local Trade Copier EA MT5© can be configured to handle pending orders according to the available copying options, including setups where the resulting trade is copied as a market trade after the transmitter pending order is triggered.

Test 6 – Test Symbol Mapping

If your two brokers use different symbol names, test at least one mapped instrument.

For example:

EURUSD → EURUSD.a

or:

XAUUSD → GOLD

Confirm that the trade is opened on the intended receiver instrument.

Test 7 – Test Receiver-Specific Lot Sizing

Change the receiver lot-sizing configuration and repeat a small demo trade.

Verify that the receiver calculates the trade size according to the selected method rather than assuming that the transmitter and receiver must always use identical lots.

What Should You Check Before Purchasing?

A useful demo test should verify more than whether a trade simply appears on the receiver.

Before purchasing, confirm that your intended setup handles:

• Transmitter and receiver communication

• Your brokers and symbol names

• Receiver lot sizing

• Market trades

• Pending orders, if required

• Stop Loss and Take Profit changes

• Partial and full trade closures

• Your required trade filters

• Your preferred risk-management settings

• Any custom symbol mappings

• Multiple receivers, if you plan to use them

The purpose of the free demo is to allow you to test the configuration that you actually intend to use.

How to Reset the 4-Hour Demo Trial

The free Local Trade Copier EA MT5© demo is fully functional for 4 hours at a time on demo accounts only.

If you want to reset the trial for another testing session, use a non-critical demo account and go to:

MT5 → Tools → Global Variables

Then:

Ctrl+A → Delete

After resetting the global variables, restart the required MetaTrader terminals and reapply your demo setup as necessary.

Important: Only perform this reset in a non-critical demo testing environment. Deleting terminal Global Variables can affect other Expert Advisors or configurations that also use them.

Do not perform this procedure on a prop firm challenge account or another important trading environment.

Testing the MT4 Trade Copier Demo

Local Trade Copier EA MT4© also has a free demo version, that you can download above.

For an MT4-to-MT4 test, install the MT4 demo in both MetaTrader 4 terminals.

The installation path is:

MT4 → File → Open Data Folder → MQL4 → Experts

Restart the terminals after placing the demo file in the Experts folder.

Configure one account as the transmitter and the other as the receiver, following the same general transmitter/receiver principle.

Testing MT4 ↔ MT5 Trade Copying

You can also use the free demos to test cross-platform trade copying.

Supported test configurations include:

MT5 → MT5
MT4 → MT4
MT4 → MT5
MT5 → MT4

For an MT4 ↔ MT5 test, install Local Trade Copier EA MT4© in the MT4 terminal and Local Trade Copier EA MT5© in the MT5 terminal.

This allows you to verify your cross-platform setup before purchasing the corresponding full versions.

For the purchased product, both MT4 and MT5 versions are required when you want to copy trades between MT4 and MT5.

Watch the MT5 Trade Copier Quick Setup Video

Watch the quick setup video below to see how Local Trade Copier EA MT5© is configured between transmitter and receiver MetaTrader accounts.

Use the video together with the step-by-step instructions above while testing your demo accounts.

Need Help Setting Up the Demo?

If you need more detailed information, use the following guides:

MT5 Trade Copier Installation Guide
Detailed installation and transmitter/receiver setup instructions.

MT5 Trade Copier Settings & Inputs Guide
Explore lot sizing, risk management, trade filters, symbol mapping, TP/SL management, pending orders and account-protection settings.

MT5 Trade Copier Troubleshooting Guide
Find solutions to common transmitter/receiver communication, broker symbol, lot sizing and trade-copying problems.

Ready for the Full MT5 Trade Copier?

If the demo works correctly with your intended MT5 setup, you can upgrade to the full Local Trade Copier EA MT5© version.

The full MT5 version is available as a one-time $50 purchase with 20 MQL5 Market activations and no required recurring subscription.

Optional rental licenses are also available.

View MT5 Trade Copier Pricing →

For MT4 ↔ MT5 cross-platform copying, purchase the corresponding MT5 and MT4 versions.

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