How to Install an MT5 Trade Copier – Purchase & Quick Setup Guide

Setting up Local Trade Copier EA MT5© for the first time is simple. This guide explains how to purchase, install and configure the copier between two or more MetaTrader 5 terminals running on the same Windows computer or Windows VPS.

For a typical MT5-to-MT5 setup, one MetaTrader 5 account acts as the Transmitter and one or more MT5 accounts act as Receivers. Each Receiver can then use its own lot sizing, trade filters, symbol mapping, trade-management and risk-management settings.

If you need help with your setup, please contact me through my MQL5.com profile or my company email and I will be happy to assist you with your setup.

Contact me on MQL5.com

Company email: info@juvenille-emperor.com

Local Trade Copier EA MT5©

Local Trade Copier EA MT4©

Quick MT5 Trade Copier Setup

For a basic MT5-to-MT5 setup you need 2 MetaTrader 5 terminals:

MT5 Terminal 1 = Transmitter account — the MT5 account you copy trades from.

MT5 Terminal 2 = Receiver account — the MT5 account you copy trades to.

Then:

1. Purchase Local Trade Copier EA MT5© from MQL5.com Market.

2. Install the EA through your MQL5 account in both MetaTrader 5 terminals.

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

4. Set the first MT5 account as Transmitter.

5. Set the second MT5 account as Receiver and enter the Transmitter account number.

6. Enable Algo Trading and open a small test trade on the Transmitter.

If the trade appears on the Receiver, your basic MT5 trade copier setup is complete.

You can use the same principle to connect one Transmitter to multiple MT5 Receiver accounts.

Which Version Do I Need?

For MT5 traders, the required version depends on the platforms used by the Transmitter and Receiver accounts:

MT5 → MT5: Local Trade Copier EA MT5©

MT4 → MT4: Local Trade Copier EA MT4©

MT4 → MT5: Local Trade Copier EA MT4© + Local Trade Copier EA MT5©

MT5 → MT4: Local Trade Copier EA MT5© + Local Trade Copier EA MT4©

For normal MT5-to-MT5 trade copying, you only need Local Trade Copier EA MT5©.

If your setup contains both MT4 and MT5 terminals, you need both versions.

1. Purchase Local Trade Copier EA MT5©

Log in to your MQL5.com account and open:

Local Trade Copier EA MT5©

Click Buy and complete your purchase.

If you also need MT4 ↔ MT5 cross-platform copying, purchase the MT4 version as well:

Local Trade Copier EA MT4©

After the purchase is complete, open the MetaTrader 5 terminal where you want to install the EA.

2. Install Local Trade Copier EA MT5© in MetaTrader 5

In MetaTrader 5 go to:

Tools → Options → Community

Log in with the same MQL5 account that you used to purchase Local Trade Copier EA MT5©.

Important: Log in using your MQL5 account login/username, not your email address.

Then open:

MT5: Navigator → Market → Purchases

Find Local Trade Copier EA MT5© and click Install.

Repeat this procedure in every MetaTrader 5 terminal that you want to use for trade copying.

If your configuration also includes an MT4 terminal:

MT4: Terminal → Market → Purchased

and install Local Trade Copier EA MT4© there.

Important: MQL5 Market purchases must be installed through your MQL5 account in each terminal. Copying and pasting the purchased ex5/ex4 file between terminals will not work.

3. Install a Second MetaTrader 5 Terminal

For a basic MT5 trade copier setup you need one MetaTrader 5 terminal for the Transmitter account and another MT5 terminal for the Receiver account.

Both terminals must run on the same Windows computer or Windows VPS.

If both MT5 accounts use the same broker, install a second copy of the broker's MetaTrader 5 terminal and select a different installation folder during installation.

Whenever possible, use the MetaTrader 5 terminal provided by the broker of the trading account you are using.

For multiple MT5 accounts, additional MetaTrader 5 terminals can be installed in separate folders and configured as additional Transmitters or Receivers according to your setup.

4. Set Up the MT5 Transmitter and Receiver

Open any chart in your MT5 Transmitter terminal and attach Local Trade Copier EA MT5© from the Navigator window.

Select:

Account Mode: Transmitter

The Transmitter is the MT5 account from which the original trades will be copied.

Now open any chart in your MT5 Receiver terminal and attach Local Trade Copier EA MT5©.

Select:

Account Mode: Receiver

and enter the Transmitter account number in the:

Transmitter Account Number

setting.

For your first test, select the lot-size option you want to use in:

Lot Size Type

and leave the other settings at their default values unless your setup requires something different.

Make sure Algo Trading is enabled in both MT5 terminals.

Each Receiver can later be configured independently, so different MT5 accounts do not need to use the same lot sizing, filters, symbol mapping or risk-management settings.

5. Check Your MT5 Symbol Names

When copying trades between MetaTrader 5 accounts, check whether the Transmitter and Receiver brokers use the same symbol names.

If both MT5 accounts use the same symbol names without suffixes:

EURUSD → EURUSD

you do not need to configure a symbol suffix.

If the Transmitter uses:

EURUSD+ → EURUSD

enter in the Receiver Local Trade Copier EA MT5© settings:

Suffix of the Transmitter Account: +

If the Receiver uses:

EURUSD → EURUSD.r

enter:

Suffix of the Receiver Account: .r

If both Transmitter and Receiver use the same suffix:

EURUSDm → EURUSDm

enter:

Suffix of the Transmitter Account: m

Suffix of the Receiver Account: m

If the corresponding instruments have substantially different names, use the Special Symbol settings.

Example:

US500 → SPX500

Enter:

Special Symbol 1: US500,SPX500

Correct symbol configuration is particularly important when your MT5 Transmitter and Receiver accounts are held with different brokers.

6. Make Your First MT5 Trade Copying Test

Open a small trade on the MT5 Transmitter account.

Check that the corresponding trade appears on the MT5 Receiver account.

Then close the original Transmitter trade and confirm that the copied Receiver trade also closes.

If this works, your MT5 trade copier setup is ready.

You can now configure your preferred lot sizing, trade filters, symbol mapping, TP/SL options, account protection and other Receiver settings.

For detailed explanations of all available settings, continue with the: MT5 Trade Copier Settings & Inputs Guide

Adding More MT5 Receiver Accounts

Once your first Transmitter → Receiver connection is working correctly, you can add additional MT5 Receiver terminals.

Install Local Trade Copier EA MT5© in each additional MetaTrader 5 terminal, select:

Account Mode: Receiver

and enter the appropriate:

Transmitter Account Number

Each Receiver can then use its own configuration.

For example:

MT5 Transmitter
↓
MT5 Receiver 1
MT5 Receiver 2
MT5 Receiver 3

The trading signal can therefore be synchronized between the accounts while the lot sizing, filtering, symbol mapping and risk-management settings remain configurable for each Receiver.

If MT5 Trades Are Not Copying

Check these first:

1. Is Local Trade Copier EA MT5© attached and running in both MT5 terminals?

2. Is one EA configured as Transmitter and the other as Receiver?

3. Is the correct Transmitter Account Number entered in the Receiver?

4. Is Algo Trading enabled?

5. Is the Receiver logged in with its normal trading password rather than an investor/read-only password?

6. Do the MT5 Transmitter and Receiver use different symbol names?

7. Was Local Trade Copier EA MT5© installed through your MQL5 account in every MT5 terminal rather than copied manually as an ex5 file?

8. Check the Experts and Journal tabs of the Receiver terminal for messages or errors.

For additional solutions, continue with the: MT5 Trade Copier Troubleshooting Guide

If you need help with your setup, please contact me through my MQL5.com profile or my company email and I will be happy to assist you with your setup.

Contact me on MQL5.com

Company email: info@juvenille-emperor.com

Test the Free MT5 Trade Copier Demo

You can test Local Trade Copier EA MT5© on MetaTrader 5 demo accounts before purchasing.

Download Local Trade Copier EA MT5© Free Demo

An MT4 demo is also available if you want to test Local Trade Copier EA MT4© or an MT4/MT5 cross-platform setup:

Download Local Trade Copier EA MT4© Free Demo

Download the appropriate free demo file and place it in:

MT5: File → Open Data Folder → MQL5 → Experts

MT4: File → Open Data Folder → MQL4 → Experts

Restart MetaTrader and attach the demo EA to a chart.

For a normal MT5-to-MT5 demo test, install the MT5 demo in two MetaTrader 5 demo terminals, configure one as the Transmitter and the other as the Receiver, and follow the same setup procedure described above.

The free demo is fully functional for up to 4 hours at a time on demo accounts only.

You can use it to test MT5 trade copying, lot sizing, symbol mapping, trade filters and other features before purchasing.

To reset the demo period:

Tools → Global Variables → Ctrl+A → Delete

Important: Only use this reset procedure in a non-essential demo terminal. Deleting MetaTrader Global Variables can affect other Expert Advisors or systems that use them. Do not perform this procedure on a prop-firm challenge account, an important live terminal or any MetaTrader installation containing Global Variables you need to preserve.

Optional: MT5 Email & Push Notifications Setup

After installing Local Trade Copier EA MT5©, you can optionally configure MetaTrader 5 to send email and push notifications.

Depending on the notification settings you enable in Local Trade Copier EA MT5©, you can receive notifications about copied trades, account information and configured account-protection or emergency conditions.

This can be useful when several MT5 Receiver accounts are running on the same Windows computer or VPS.

These notifications are optional and are not required for MT5 trade copying to work.

How to Set Up Email Notifications in MT5

In your MetaTrader 5 terminal, go to:

Tools → Options → Email

Enable email notifications and enter the SMTP details for your email provider.

You will normally need to enter:

SMTP Server: Your email provider's outgoing SMTP server and port.

SMTP Login: Your full email address, for example:

johnsmith@gmail.com

SMTP Password: The App Password or other SMTP password required by your email provider.

From: Your sender email address.

To: The email address where you want to receive the notifications.

Common SMTP Server Settings

Some commonly used SMTP settings are:

Gmail: smtp.gmail.com:465 or smtp.gmail.com:587

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

Zoho Mail: smtp.zoho.com:465

GMX: smtp.gmx.com:465

Your email provider may change its SMTP or security requirements, so if these settings do not work, check the current SMTP instructions provided by your email service.

Important: Your Normal Email Password May Not Work

Many email providers no longer allow applications such as MetaTrader 5 to sign in using your normal account password.

If MT5 cannot send email even though your SMTP settings are correct, your email provider may require an App Password.

An App Password is a separate password generated specifically for applications such as MetaTrader. Your normal email password remains unchanged.

Gmail Example: Create an App Password

For Gmail, you normally need to have 2-Step Verification enabled before you can create an App Password.

1. Sign in to your Google Account.

2. Make sure 2-Step Verification is enabled.

3. Open the App Passwords section of your Google Account.

4. Create a new App Password for MetaTrader.

5. Copy the generated App Password.

Then return to:

MetaTrader 5 → Tools → Options → Email

and enter:

SMTP Server: smtp.gmail.com:587

SMTP Login: Your full Gmail address

SMTP Password: Your generated App Password

From: Your email address

To: The email address where you want to receive notifications

Do not enter your normal Gmail password in the SMTP Password field when Google requires an App Password.

Test Your MT5 Email Settings

After entering your details, click Test in MetaTrader 5's Email settings.

Then open:

Toolbox → Journal

If the configuration is working correctly, MetaTrader 5 should report that the test email was sent.

If the test fails, check:

• the SMTP server and port

• your full email address

• the App Password

• that no spaces were accidentally copied before or after the password

• your email provider's current SMTP and security requirements

Once the MetaTrader 5 email test works, Local Trade Copier EA MT5© can use MT5's email functionality for the email notifications you enable in the EA settings.

How to Set Up Push Notifications in MT5

Push notifications allow Local Trade Copier EA MT5© to send notifications from your desktop MetaTrader 5 terminal to the MetaTrader mobile app on your phone or tablet.

In your desktop MT5 terminal, go to:

Tools → Options → Notifications

Enable push notifications and enter your MetaQuotes ID.

How to Find Your MetaQuotes ID

Open the MetaTrader mobile app on your phone or tablet and go to:

Settings → Messages

Your MetaQuotes ID is displayed there.

Enter this ID in:

Desktop MetaTrader 5 → Tools → Options → Notifications

You can then use the Test button to send a test notification to your mobile device.

If the test notification appears on your phone or tablet, your MetaTrader 5 push notifications are configured correctly.

Avoid Duplicate MT5 Trade Notifications

If you enable transaction push notifications inside Local Trade Copier EA MT5©, do not also enable MetaTrader 5's:

Notify of trade transactions

option.

Otherwise, you may receive two notifications for the same trading transaction.

Use either the notification functionality configured through Local Trade Copier EA MT5© or MetaTrader 5's general trade-transaction notification option according to your preference.

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