MT4/MT5 Trade Copier Installation Guide

This guide explains how to purchase, install and configure Local Trade Copier EA MT4/5© for copying trades between MetaTrader accounts on the same Windows computer or Windows VPS.

You can use Local Trade Copier EA for MT4 → MT4, MT5 → MT5 and, when both versions are installed, MT4 ↔ MT5 trade copying.

The basic setup consists of one MetaTrader account acting as the Transmitter and another acting as the Receiver. Once connected, you can configure each Receiver independently for lot sizing, trade selection, symbol handling, risk management and account protection.

If you need help with your setup, contact us through the official MQL5 developer profile or by company email.

Contact on MQL5.com    |    info@juvenille-emperor.com

Quick MT4/MT5 Trade Copier Setup

For a basic setup you need two MetaTrader terminals running on the same Windows computer or Windows VPS:

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

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

Then:

1. Purchase Local Trade Copier EA MT4© or Local Trade Copier EA MT5© from the MQL5 Market.

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

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

4. Set the first account as Transmitter.

5. Set the second account as Receiver and enter the Transmitter Account Number.

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

If the corresponding trade appears on the Receiver, your basic trade-copying setup is complete.

Which Local Trade Copier EA Version Do I Need?

MT4 → MT4: Local Trade Copier EA MT4©

MT5 → MT5: Local Trade Copier EA MT5©

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

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

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

Step-by-Step Installation

1. Purchase Local Trade Copier EA MT4/5©

Log in to your MQL5.com account and open the appropriate Local Trade Copier EA product page:

Local Trade Copier EA MT4© – MQL5 Market

Local Trade Copier EA MT5© – MQL5 Market

Click Buy and complete your purchase.

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

2. Install Local Trade Copier EA in MetaTrader

In MetaTrader go to:

Tools → Options → Community

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

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

Then find your purchased product.

MT4

Go to:

Terminal → Market → Purchased

Find Local Trade Copier EA MT4© and click Install.

MT5

Go to:

Navigator → Market → Purchases

Find Local Trade Copier EA MT5© and click Install.

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

Important: MQL5 Market purchases must be installed through your MQL5 account in each terminal. Copying and pasting the purchased EX4/EX5 file between terminals will not work.

3. Install a Second MetaTrader Terminal

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

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

If both accounts use the same broker, install a second copy of the broker's MT4 or MT5 terminal and select a different installation folder during installation.

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

4. Set Up the Transmitter and Receiver

Open any chart in your Transmitter terminal and attach Local Trade Copier EA MT4/5© from the Navigator window.

Select:

Account Mode: Transmitter

The Transmitter is the account from which the original trading activity will be copied.

Now open any chart in your Receiver terminal and attach Local Trade Copier EA MT4/5©.

Select:

Account Mode: Receiver

Then enter the Transmitter account number in:

Transmitter Account Number

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

Lot Size Type

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

Make sure Auto Trading / Algo Trading is enabled in both terminals.

How MT4/MT5 Trade Copying Works

Local Trade Copier EA MT4/5© connects MetaTrader terminals running on the same Windows computer or Windows VPS.

One account acts as the Transmitter, while one or more accounts act as Receivers.

When a trade is opened, modified or closed on the Transmitter, the corresponding trading action can be synchronized to the Receiver accounts according to the settings configured for each Receiver.

Each Receiver can use its own:

• Lot sizing

• Risk configuration

• Trade filters

• Symbol configuration

• TP/SL management

• Trading schedule

• Account-protection settings

This means that multiple Receiver accounts can follow the same source trading activity without necessarily using the same financial exposure.

The trading signal can be identical. The financial exposure does not have to be.

5. Check the Symbol Names on Your MT4/MT5 Accounts

Before testing your copier, compare the symbol names used by the Transmitter and Receiver brokers.

Same Symbol Names

If both accounts use exactly the same symbol:

EURUSD → EURUSD

you do not need to configure a symbol suffix.

Suffix on the Transmitter

If the Transmitter uses:

EURUSD+ → EURUSD

enter in the Receiver Local Trade Copier EA settings:

Suffix of the Transmitter Account: +

Suffix on the Receiver

If the setup is:

EURUSD → EURUSD.r

enter:

Suffix of the Receiver Account: .r

Same Suffix on Both Accounts

If both accounts use:

EURUSDm → EURUSDm

enter:

Suffix of the Transmitter Account: m

and:

Suffix of the Receiver Account: m

Different Broker Symbol Names

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

For example:

US500 → SPX500

enter:

Special Symbol 1: US500,SPX500

This allows the Receiver to associate differently named instruments between the two brokers.

6. Make Your First MT4/MT5 Trade-Copying Test

Open a small trade on the Transmitter account.

Check that the corresponding trade appears on the Receiver account.

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

If this works, your basic Local Trade Copier EA setup is ready.

You can now configure your preferred:

• Lot sizing

• Trade filters

• Symbol mapping

• TP/SL options

• Trading times

• Risk-management settings

• Receiver account protection

For explanations of the available options, see the Local Trade Copier EA MT4/5 Settings & Inputs Guide.

Copy Trades to Multiple Receiver Accounts

Local Trade Copier EA MT4/5© is not limited to one Transmitter and one Receiver.

A single Transmitter can copy its trading activity to multiple Receiver accounts running on the same Windows computer or Windows VPS.

Install and configure Local Trade Copier EA in each additional Receiver terminal and enter the same Transmitter Account Number.

Each Receiver can then use its own independent configuration for:

• Lot sizing and risk

• Trade filters

• Symbol handling

• TP/SL management

• Trading times

• Account-protection settings

This allows one source account to distribute the same trading activity across multiple MetaTrader accounts while each Receiver maintains its own execution and risk-management configuration.

If MT4/MT5 Trades Are Not Copying

Before changing advanced settings, check the basic setup first:

1. Is Local Trade Copier EA attached and running in both 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 Auto Trading / Algo Trading enabled?

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

6. Do the Transmitter and Receiver use different symbol names that require suffix configuration or Special Symbol mapping?

7. Is the selected Lot Size Type appropriate for the Receiver account?

8. Are both MetaTrader terminals running normally and receiving current prices?

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

For detailed solutions to common problems, see the MT4/MT5 Trade Copier Troubleshooting Guide.

If copying works but is unusually slow, check the Trade Copier Speed & VPS Optimization Guide.

Test Local Trade Copier EA MT4/5© with a Free Demo

You can test Local Trade Copier EA MT4/5© on MetaTrader demo accounts before purchasing.

The free demo is fully operational for up to 4 hours at a time and allows you to test the actual Transmitter/Receiver setup, lot sizing, trade filters, symbol configuration and other Receiver settings.

Download MT4 Free Demo

Download MT5 Free Demo

For complete installation instructions, demo reset steps and testing information, visit the Free MT4/MT5 Trade Copier Demo page.

Optional: Email & Push Notifications

After installing Local Trade Copier EA MT4/5©, you can optionally configure MetaTrader to send email and push notifications.

Depending on the notification settings enabled in Local Trade Copier EA MT4/5©, notifications can provide information about copied trades, account conditions and configured account-protection or emergency events.

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

How to Set Up Email Notifications

In MT4 or MT5 go to:

Tools → Options → Email

Enable email notifications and enter the SMTP details required by your email provider.

You will normally need:

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

SMTP Login: Your full email address.

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

From: Your sender email address.

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

Common SMTP Server Settings

Common settings include:

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

Email providers can change their SMTP and security requirements. If these settings do not work, check the current instructions provided by your email service.

Your Normal Email Password May Not Work

Many email providers no longer allow applications such as MetaTrader to authenticate using the normal account password.

Your provider may instead 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 2-Step Verification enabled before creating an App Password.

1. Sign in to your Google Account.

2. Make sure 2-Step Verification is enabled.

3. Open the App Passwords section.

4. Create a new App Password for MetaTrader.

5. Copy the generated App Password.

Then return to:

MetaTrader → Tools → Options → Email

and enter the required SMTP information using the generated App Password.

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

Test Your Email Settings

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

Then check:

Terminal / Toolbox → Journal

If the test fails, verify:

• SMTP server and port

• Email address

• App Password

• Accidental spaces in the copied password

• Your provider's current SMTP and security requirements

Once MetaTrader's email test works, Local Trade Copier EA MT4/5© can use MetaTrader's email functionality for the email notifications enabled in the EA.

How to Set Up Push Notifications

Push notifications allow Local Trade Copier EA MT4/5© to send notifications from your desktop MetaTrader terminal to the MetaTrader mobile app on your phone or tablet.

In your desktop MT4 or 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 → Tools → Options → Notifications

Use the Test button to send a test notification.

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

Avoid Duplicate Trade Notifications

If you enable transaction push notifications inside Local Trade Copier EA MT4/5©, do not also enable MetaTrader'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 MT4/5© or MetaTrader's general trade-transaction notification option according to your preference.

Need More Help with Your MT4/MT5 Trade Copier Setup?

For detailed configuration and troubleshooting information, continue with:

Settings & Inputs Guide
Configure lot sizing, trade filters, symbol handling, TP/SL management, risk controls and other Receiver settings.

Troubleshooting Guide
Diagnose common connection, symbol, lot-size, pending-order and synchronization problems.

Free MT4/MT5 Trade Copier Demo
Test the copier on demo accounts before purchasing.

If you still need assistance, contact us through the official MQL5 developer profile or by company email.

Contact on MQL5.com    |    info@juvenille-emperor.com

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