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.

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 you see "not enough money," it means the receiver account needs more free margin. Add funds or reduce the lot size.

• "Trade is disabled" means trading isn’t active in your account; contact your broker for activation.

• "Unknown error" generally means automated trading or expert advisors aren’t allowed by your broker, common with prop firms.

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.

4. 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.

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.

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

• Ensure that all recent Windows updates are installed.

• Confirm you have the latest version of Internet Explorer or Microsoft Edge on your computer or VPS.

• Verify you’re using the latest build of MetaTrader 4/5.

• Make sure you’re logged into your MQL5 account in MT4/5 under Tools >> Options >> Community tab using your account login (not your email).

• Check that your MQL5 account password has fewer than 10 characters; if it’s 10 or more, change it here.

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

• Close ALL MetaTrader terminals.

• Navigate to C:\Users{user name}\AppData\Roaming\MetaQuotes\Terminal\Community

• Delete all files starting with mql4.market. or mql5.market..**

• Reopen the MetaTrader terminal and attempt to install your product again.

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 server: Enter your provider’s SMTP address (see examples below).

• SMTP login: Enter your full email address, e.g., johnsmith@gmail.com.

• SMTP password: Enter your email password.

• From and To fields: Enter your full name, followed by a comma and your email, e.g., John Smith, johnsmith@gmail.com.

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

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. 

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. 

12. Once your notifications are set, you can activate the Local Trade Copier EA MT4/5©. Open an MT4/5 terminal, then load a chart of any symbol at any timeframe. In the Navigator window on the left side, find your purchased Expert Advisor under Market and drag it to the chart or double-click to apply it. 

13. When the settings window opens for the Expert Advisor, in MT4, go to the Common tab, enable Allow live trading and Allow modification of Signals, and click OK. In MT5, check Allow modification of Signals and Allow Algo Trading, then confirm by clicking OK. 

14. To use the Self Copier option for increasing lot sizes on the same account, access the Inputs tab in the Local Trade Copier EA MT4/5©. Under Account Mode, select: Self Copier. 

15. If you’d like to copy trades across accounts rather than multiplying them on one, configure Local Trade Copier EA MT4/5© in each terminal’s Account Mode as Transmitter or Receiver. Leave the Transmitter Account Number field blank for Transmitters, and add the Transmitter’s account number for Receivers, with multiple Transmitters separated by commas (e.g., 123456,654321). 

Attach and set up Local Trade Copier EA MT4/5© on each terminal, assigning either Transmitter or Receiver as needed.

16. Select your preferred method in Lot Size Management to manage trade lot sizes on the 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.

17. If you leave the other settings at their defaults, Local Trade Copier EA MT4/5© will automatically close copied trades on receiver accounts when the original trades close on transmitter accounts. See the Settings Guide for a full breakdown of each option.

18. For greater security of your receiver account(s), open the Emergency Trade Management section, enable Use Emergency Account Protection, and set the Equity level you want. If the account reaches this level, the EA will close trades and stop copying to prevent further losses. Make additional adjustments if needed, then click OK.

19. Closing the Expert Advisor's window will reveal a sad face (or a red icon in MT5) at the top-right of your chart, signaling that the EA hasn’t started trading. To activate it, click the Auto (Algo) Trading button, which changes the sad face to a smile (or the red icon to green in MT5). Your Local Trade Copier EA MT4/5© is now live, and trades from Transmitter accounts will be copied to Receiver accounts as specified. 

Local Trade Copier EA MT4/5© Quick Setup Video

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