Purchase / Installation Guide

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Local Trade Copier EA MT4©

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Local Trade Copier EA MT5©

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Test the Free Demo Version of Local Trade Copier EA MT4/5©

Test the Free Demo Version of Local Trade Copier EA MT4/5©

Start by downloading the demo version for either platform:  MT4  or  MT5

Next, place the downloaded files in your MT4/5 by navigating to File >> Open Data Folder >> MQL4/5 >> Experts, then restart your terminal.

Watch the quick setup video below and follow along in your demo accounts to experience the Local Trade Copier EA MT4/5© before purchasing. The demo is fully functional for 4 hours at a time on demo accounts only.
To reset the trial, go to MT4/5 >> Tools >> Global Variables >> Control + A >> Delete. Please only perform this reset on a non-critical demo account and avoid using it in a prop firm challenge account.


How to Begin Installing Local Trade Copier EA MT4/5©


Install the Local Trade Copier EA MT4/5© in each MT4/5 terminal that will function as a transmitter or receiver, following the setup guide below from step 6. 

Make sure to use your MQL5 account for the installation; copying ex4/5 files won’t work for MQL5.com Market purchases.


Two MT4/5 terminals are needed: one for the transmitting account, another for the receiving account. 

Download the MT4/5 terminal from your broker’s website, as using a different broker’s terminal could cause symbol mismatches. 

To install a second terminal from the same broker, see the GIF below, choosing a different destination folder for each instance.


How to install a second MT4/5 terminal from the same broker on your computer or VPS

To set up the transmitter and receiver connection, watch the quick setup video below. If brokers use suffixes like EURUSD.r or EURUSD+, the second part of the video (starting at 1:15) explains the suffix setup.

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: +

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



When copying doesn’t work, check the Experts tab in the receiver terminal for messages or errors.


If further assistance is needed, contact me through Anydesk. You may also reach me on my MQL5.com profile: https://www.mql5.com/en/users/eleanna74


See below for the complete installation instructions.



Local Trade Copier EA MT4/5© Purchase & Setup Guide


An MQL5 account is required to buy Local Trade Copier EA MT4/5© from the MQL5.com Market. Register here if needed: https://www.mql5.com/en/auth_register


1. First, check that your MQL5 account has the necessary funds; paying directly from your balance is usually easier than using a credit card.


2. Go to the Local Trade Copier EA MT4/5© product pages:

MT4: https://www.mql5.com/en/market/product/68950

MT5: https://www.mql5.com/en/market/product/68951

For copying across MT4 and MT5, both MT4 and MT5 versions need to be purchased.


3. Choose "Buy" or "Rent" to proceed with the purchase.


Go to the Local Trade Copier EA MT4/5© product pages

4. After choosing your payment option, press the green Next button to proceed with the checkout. 


After choosing your payment option, press the green Next button to proceed with the checkout.

5. After your payment goes through, open your MT4/5 terminal to begin downloading and installing Local Trade Copier EA MT4/5©.


6. Ensure you log into MQL5 using your account username, not with an email, Facebook, or other login method. My username, for instance, is “eleanna74” as seen at the end of my profile link: https://www.mql5.com/en/users/eleanna74


7. Go to Tools >> Options >> Community tab in MT4/5 and confirm you’re logged in with your MQL5 username.


Go to Tools >> Options >> Community tab in MT4/5 and confirm you’re logged in with your MQL5 username

8. In your MT4 Terminal, open the Market tab at the bottom, click Purchased on the left, and then select the blue Install button for your recent purchase. In MT5, go to the Navigator window, open the Market folder, click Purchases, and your Purchases window will appear on the right, where you can click Install next to your product.

Please note: For Local Trade Copier EA MT4/5© to operate across different terminals, install it through your MQL5 account on each one. Repeat Steps 6-8 in each terminal to ensure setup. Copying ex4/5 files doesn’t work for MQL5 Market products.


In your MT4 Terminal, open the Market tab at the bottom, click Purchased on the left
In MT5, go to the Navigator window, open the Market folder, click Purchases

Notice: If you don’t see your purchase under the Purchased option, check for the following issues:

If you still don’t see the product listed in your purchases, try these steps:


9. Once your Local Trade Copier EA MT4/5© is installed, consider setting up email and push notifications in your MT4/5 terminal. This setup lets you receive updates on copied or multiplied trades handled by the EA, along with daily account details such as balance, equity, and margin. You’ll also get alerts if your equity falls below a specified emergency level.


10. To set up email notifications, go to MT4/5 >> Tools >> Options >> Email tab, and fill in your email and server details. Here are the fields you need to complete, with example settings from popular email providers:

SMTP Settings for Popular Providers: https://domar.com/pages/smtp_pop3_server


Gmail: smtp.gmail.com:465

Outlook-Hotmail: smtp-mail.outlook.com:587

Yahoo: smtp.mail.yahoo.com:465

iCloud: smtp.mail.me.com:587

Mail.com: smtp.mail.com:465

Mail.ru: smtp.mail.ru:25

Zoho: smtp.zoho.com:465

Gmx.com: smtp.gmx.com:465


To set up email notifications, go to MT4/5 >> Tools >> Options >> Email tab

11. To set up push notifications on your mobile or tablet, go to MT4/5 >> Tools >> Options >> Notifications and enter the MQL5 ID specific to your device. This will enable alerts directly on that device. 

Find the MQL5 ID in the MT4/5 app under Settings >> Messages, or by visiting your MQL5 profile, under Settings >> Security. 


Find the MQL5 ID by visiting your MQL5 profile, under Settings >> Security

To prevent receiving duplicate notifications, choose your transaction alerts through the Local Trade Copier EA MT4/5© settings, and avoid ticking the Notify of Trade Transactions option. 


To prevent receiving duplicate notifications, avoid ticking the Notify of Trade Transactions option

12. After you've finished setting up your notification details, you may want to put your Local Trade Copier EA MT4/5© to work. So, open any MT4/5 terminal and any chart of any symbol at any timeframe and then from the left side of your MT4/5 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it). 


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13. The Expert Advisor's settings window will open. In the MT4 terminal you click the Allow live trading option and the Allow modification of Signals settings on the Common tab and click OK. In the MT5 terminal you tick the Allow modification of Signals settings and the Allow Algo Trading options and click OK. 


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14. If you are going to use the Self Copier option in order to multiply the lot size of your signal subscription’s trades onto the same trading account, click the Inputs tab of the Local Trade Copier EA MT4/5© and in the first Account Mode setting, choose: Self Copier. 


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15. If you don’t want to multiply your signal subscription’s trades, but you simply want to copy your trades from one or more trading accounts to one or more trading accounts of yours between local MT4/5 terminals (on the same Windows computer or Windows VPS), simply choose the Transmitter or Receiver role for the trading account that you’ve loaded the Local Trade Copier EA MT4/5 onto, in the Account Mode field.

If the trading account that you’ve loaded the EA onto is the Transmitter account, you don’t need to put anything in the Transmitter Account Number field, but if this is the Receiver account you need to fill in the Transmitter Account Number in that field. If the Transmitter Accounts are more than one, you need to put their number in that field of the Receiver account settings, separated by commas. For example if your Receiver account will receive/copy trades from 2 Transmitter accounts, you should put their account numbers, separated by a comma: 123456,654321

So, you need to attach and set up the Local Trade Copier EA MT4/5© on each and every MT4/5 terminal that you want to copy trades from and to, setting up in each terminal the role that the Local Trade Copier EA MT4/5© will play, as either a Transmitter or a Receiver.


16. In the Lot Size Management section you choose the way your copied trades will be copied onto your Receiver account.

If None is selected, Local Trade Copier EA MT4/5© will not copy any transmitter trades.

If Same Lot Size is selected, Local Trade Copier EA MT4/5© will copy the receiver trades with the same lot size as the original transmitter trades.

If Fixed is selected, Local Trade Copier EA MT4/5© will copy the transmitter trades onto the receiver account(s) with a fixed lot size as per below Fixed Lot Size setting.

If Multiplier is selected, Local Trade Copier EA MT4/5© will use the below Multiplier setting for copying transmitter trades onto the receiver account(s).

If Multiplier by Balance is selected, Local Trade Copier EA MT4/5© will use the below Multiplier by Balance setting for calculating the multiplier that will be used for the receiver copied trades as follows. If the receiver account balance is $10000 and the Multiplier by Balance setting is 1000, the multiplier that will be used for the receiver copied trades will be 10 (10000/1000).

If Multiplier by Equity is selected, Local Trade Copier EA MT4/5© will use the below Multiplier by Equity setting for calculating the multiplier that will be used for the receiver copied trades as follows. If the receiver account equity is $10000 and the Multiplier by Equity setting is 1000, the multiplier that will be used for the receiver copied trades will be 10 (10000/1000).

If Proportional by Balance is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to the receiver account(s) balance only. For example, if the transmitter balance is $2000 and the receiver balance is $4000, a 0.10 lot transmitter trade will be copied as a 0.20 lot trade to the receiver account.

If Proportional by Equity is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to the receiver account(s) equity only. For example, if the transmitter equity is $2000 and the receiver equity is $4000, a 0.10 lot transmitter trade will be copied as a 0.20 lot trade to the receiver account.

If Proportional by Free Margin is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to the receiver account(s) free margin only. For example, if the transmitter free margin is $2000 and the receiver free margin is $4000, a 0.10 lot transmitter trade will be copied as a 0.20 lot trade to the receiver account.

If Proportional Multiplier by Balance is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to receiver account's balance with an additional multiplier applied, called Proportional Multiplier by Balance that can be adjusted below. This Proportional Multiplier by Balance is 1 by default, so if for example the default Proportional Multiplier by Balance=1 gives a 0.20 lot size trade to be opened on the receiver account side, if the Proportional Multiplier by Balance value is changed to 0.5 the receiver lot size will be 0.10 (0.20*0.5=0.10) and if the Proportional Multiplier by Balance value is changed to 3, the receiver lot size will be 0.60 (0.20*3=0.60).

If Proportional Multiplier by Equity is selected, Local Trade Copier EA MT4/5© will copy the transmitter account trades onto the receiver account(s) with a lot size proportional to receiver account's equity with an additional multiplier applied, called Proportional Multiplier by Equity that can be adjusted below. This Proportional Multiplier by Equity is 1 by default, so if for example the default Proportional Multiplier by Equity=1 gives a 0.20 lot size trade to be opened on the receiver account side, if the Proportional Multiplier by Equity value is changed to 0.5 the receiver lot size will be 0.10 (0.20*0.5=0.10) and if the Proportional Multiplier by Equity value is changed to 3, the receiver lot size will be 0.60 (0.20*3=0.60).

If Risk per Trade in % of Balance is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined percentage of account balance in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Risk per Trade in % of Equity is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined percentage of account equity in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Risk per Trade in % of Free Margin is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined percentage of account free margin in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Risk per Trade in Money is selected, each receiver copied trade will have the appropriate lot size in order to lose the user defined amount in account currency in the setting below, when SL is hit. This Lot Size Type can be used only for receiver copied trades that have a stop loss applied. Notice: If the SL of a transmitter original trade is modified, the receiver copied trade SL will be also modified, increasing or decreasing the initial risk of the receiver copied trade, but if the SL of the transmitter trade is removed, the receiver copied trade will be closed.

If Lot Size per 1000 of Balance is selected, Local Trade Copier EA MT4/5© will use the below Lot Size per 1000 of Balance setting, to calculate the lot size of the receiver copied trades, based on the balance of the receiver account. For example if Lot Size per 1000 of Balance=0.03 is inserted and the receiver account balance is $10000, the lot size of all receiver copied trades will be 0.30 lots.

Finally if Lot Size per 1000 of Equity is selected, Local Trade Copier EA MT4/5© will use the below Lot Size per 1000 of Equity setting, to calculate the lot size of the receiver copied trades, based on the equity of the receiver account. For example if Lot Size per 1000 of Equity=0.03 is inserted and the receiver account equity is $10000, the lot size of all receiver copied trades will be 0.30 lots.


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17. If you leave the rest of the settings as they are, your copied trades opened by Local Trade Copier EA MT4/5© onto the receiver account(s), will be closed instantly when the original transmitter account(s) trades are closed. For more details on the Inputs/Settings of the EA, read the Settings/Inputs guide carefully.


18. Then if you want to add the maximum protection for your receiver account(s), go to the Emergency Trade Management section and put the Use Emergency Account Protection to true and enter below the Equity level of your account, that you would like the Local Trade Copier EA MT4/5© to close all open trades and disable copying onto the receiver account, in order to save your trading account from any further losses. When you finish with this parameter, adjust any other settings you want and click OK.


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19. After you've closed the Expert Advisor's window, you will see that there is a sad face (or a red sign in MT5) on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto (Algo) Trading button and instantly the sad face will smile (the red sign will turn green in MT5). Now your Local Trade Copier EA MT4/5© is working and you can see the trades of Transmitter account(s) being copied to Receiver account(s), according to your settings and requirements. 


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Important! The only 2 settings that are filled in the transmitter account side are these 2 highlighted in the screenshot below. All other settings are filled in the receiver account side. There is no meaning in changing any of the other settings in the transmitter account, it will mean nothing! 

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Local Trade Copier EA MT4/5© Quick Setup Video

Read our Customer Reviews for Local Trade Copier EA MT4©
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Local Trade Copier EA MT4©

 $100   $50

Read our Customer Reviews for Local Trade Copier EA MT5©
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Local Trade Copier EA MT5©

 $100   $50


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