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

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

Local Trade Copier EA MT4/5© is a specialized tool designed for fast and reliable trade copying between MetaTrader terminals (MT4 or MT5) on the same computer or VPS. It offers extensive customization and supports traders of all experience levels.

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

Yes, fully functional demo versions are available for download from the FREE Demo section of this website. These demos can be used on demo accounts for up to 4 hours per session.

Is the Local Trade Copier EA MT4/5© a one-time purchase, or does it require a subscription?

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

How many installations are included with my Local Trade Copier EA MT4/5© purchase?

Each purchase includes 20 activations, allowing you to install and use the EA in as many trading accounts you want, 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©?

Support is available via our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or by email at info@juvenille-emperor.com. If the provided guides don’t resolve your issue, feel free to reach out. We typically respond within a few hours, even on weekends or holidays.

What are the different modes available in the Local Trade Copier EA MT4/5©?

The EA operates in three modes:

• Transmitter Mode: Sends trades to other accounts.

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

• Self Copier Mode: Duplicates trades within the same account, ideal for amplifying manual or automated trades.

How quickly does the Local Trade Copier EA MT4/5© copy trades?

The EA copies trades in under 0.5 seconds, provided you have stable internet, low broker latency, and sufficient system performance.

Can I copy trades between live and demo accounts?

Yes, the EA supports copying trades across account types, including real>real, real>demo, demo>real, and demo>demo configurations.

Can I use the Local Trade Copier EA MT4/5© to copy trades between MT4 and MT5 accounts?

Yes, the EA supports all MT4/MT5 combinations (MT4>MT4, MT4>MT5, MT5>MT4, and MT5>MT5). To copy trades between MT4 and MT5, you need to purchase both the MT4 and MT5 versions of the EA.

What are the recommended computer or VPS specifications for copying between MT4/5 terminals with the Local Trade Copier EA MT4/5©?

Optimal performance 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: Select a VPS close to your broker's servers.

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

• Operating System: Use the latest Windows Server version compatible with MT4/5.

What is the maximum number of MT4/5 terminals I can run on one system?

You can open up to 32 MT4/5 terminals on a single Windows computer or VPS due to MetaTrader's platform limitations. To go beyond this limit, use multiple user profiles on the same system. Ensure your hardware is capable of handling the additional load.

Can high-frequency trading (HFT) trades or trades during high-impact news events be copied accurately with trade copiers?

Copying HFT trades or trades during high-impact news events, such as NFP, is not advisable with any trade copier. The extreme volatility, significant slippage, and potential execution delays during these periods make it unlikely for trades on the receiver side to match those on the transmitter side. Local Trade Copier EA MT4/5©, like other copiers, performs best with trades that remain open for at least 4-5 seconds. 

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

Yes, you can use the EA on a Mac by running a Windows emulator such as Parallels or Wine. Alternatively, you can use a Windows VPS for managing your transmitter and receiver accounts.

Are there restrictions when copying trades from MQL5.com signal subscriptions?

MetaQuotes has restricted copying or multiplying trades from MQL5.com signal subscriptions, making this feature unavailable for any copier. However, the EA can still copy trades from other signal or social trading platforms. 

Can the Local Trade Copier EA MT4/5© copy trades from read-only accounts?

Yes, the EA can copy trades from read-only accounts accessed with an investor password.

What options are available for customizing lot sizes?

The EA provides 16 lot size configurations, including fixed, proportional, and risk-based options. You can also apply custom settings, like multipliers or fixed lots for specific symbols.

Can trades be filtered by magic number, symbol, or comment?

Yes, the EA allows you to filter trades for copying or exclusion based on magic numbers, symbols, or comments, offering precise control over trade selection.

Does the Local Trade Copier EA MT4/5© support scheduling?

Yes, the EA allows you to schedule trade copying by day and time, letting you pause or resume copying according to your trading plan.

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

Yes, the EA can copy the transmitter’s TP/SL levels or let you set custom TP/SL configurations on the receiver. Virtual TP/SL and risk-reward settings are also available.

What is Reverse Copying, and how does it function?

Reverse Copying inverts the trade direction from the transmitter. For example, a buy trade becomes a sell trade on the receiver, with TP/SL adjusted accordingly.

Does the Local Trade Copier EA MT4/5© support pending orders?

Yes, pending orders can be copied to the receiver or set to be copied only as market trades once triggered on the transmitter side.

Can the Local Trade Copier EA MT4/5© automate trade closure?

Yes, the EA can close trades on the receiver side automatically when transmitter trades close or under specific conditions like TP/SL, drawdown limits, or profit targets. Partial and delayed closures are also supported.

What risk control features does the Local Trade Copier EA MT4/5© offer?

The EA includes risk management options like maximum risk settings for symbols, currencies, and accounts. It also has drawdown protection and equity-based trade copying limits.

What protections are available for accounts?

Emergency protection features let you stop copying and close all trades if account equity falls below a specified threshold, safeguarding against further losses.

Are notifications available for trade activity?

Yes, the EA can send email and push notifications for new trades, account summaries, and critical alerts when equity drops below a set level.

How does the Local Trade Copier EA MT4/5© handle special symbols or prefixes/suffixes?

Symbols with prefixes, suffixes, or custom formats are automatically or manually mapped to ensure seamless compatibility between transmitter and receiver accounts.

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

Yes, the EA operates as a fully automated system, requiring no manual intervention once configured.

Got a Question?

Visit our contact page to send us a message, and we’ll respond as soon as possible.