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

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

The Local Trade Copier EA MT4/5© is a powerful tool designed for seamless trade copying between MetaTrader terminals (MT4 or MT5) on the same computer or VPS. It provides fast and reliable trade duplication with advanced customization options, catering to both beginner and experienced traders.

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

Yes, demo versions of the EA are available for free in the FREE Demo section of this website. These demo files work for up to 4 hours per session and are fully functional on demo accounts.

Do I need to pay monthly fees for the Local Trade Copier EA MT4/5©?

No, you can purchase the EA with a one-time payment of $50 per version (MT4 or MT5). There are no recurring fees or hidden costs. Alternatively, rental options are available: $30 for 3 months or $40 for 6 months.

How many installations are included with my purchase?

The EA provides 20 activations, allowing you to install and use it in as many trading accounts and terminals you desire, on up to 20 different computers, or VPSs.

What should I do if I need help setting up the Local Trade Copier EA MT4/5©?

If you encounter issues after reviewing the included guides, you can reach out to us via our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or email us at info@juvenille-emperor.com. We respond quickly, often within hours, including weekends and holidays.

What modes does the Local Trade Copier EA MT4/5© support?

The EA supports three operational modes:

• Transmitter Mode: Sends trades to receiver accounts.

• Receiver Mode: Accepts trades from one or more transmitter accounts.

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

How fast can trades be copied with the Local Trade Copier EA MT4/5©?

The EA copies trades in under 0.5 seconds, provided your system has stable internet, low latency with your broker, and sufficient hardware performance.

Can trades be copied between live and demo accounts?

Yes, the EA allows copying between all account types, including real>real, real>demo, demo>real, and demo>demo setups.

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

Yes, the EA supports copying trades between MT4 and MT5 in any configuration (MT4>MT4, MT4>MT5, MT5>MT4, and MT5>MT5). To enable this, you must purchase both the MT4 and MT5 versions of the EA.

What are the system requirements for running the Local Trade Copier EA MT4/5©?

The recommended hardware 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.

Other key considerations:

• Latency: Use a VPS near your broker’s servers to minimize delays.

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

• Operating System: Use the latest compatible version of Windows Server.

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

The MetaTrader platform supports up to 32 terminals on a single computer or VPS. To exceed this limit, you can use multiple user profiles on the same system, but ensure your hardware can handle the additional load.

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

Copying HFT trades or trades during high-impact news events, like NFP, is not advisable with any trade copier. These conditions often cause slippage and execution delays, leading to mismatched results between the transmitter and receiver. The Local Trade Copier EA MT4/5© is best used for trades that stay open for 4-5 seconds or longer.

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

Yes, you can use the EA on a Mac by running it through a Windows emulator, such as Parallels or Wine. Alternatively, you can set up a Windows VPS for your trading setup.

Are trades from MQL5.com signal subscriptions restricted?

Yes, due to MetaQuotes’ restrictions, trades from MQL5.com signal subscriptions cannot be copied or multiplied. However, the EA can still copy trades from other signal or social trading platforms. 

Can trades from read-only accounts be copied?

Yes, the Local Trade Copier EA MT4/5© can copy trades from read-only transmitter accounts by using the investor password.

What options are available for customizing lot sizes?

The Local Trade Copier EA MT4/5© offers 16 lot size options, including fixed, proportional, and risk-based settings. You can also set multipliers or fixed lot sizes for specific symbols.

How can I filter trades for copying?

Filters can be applied to include or exclude trades based on magic numbers, symbols, or comments, allowing for precise trade selection.

Does the Local Trade Copier EA MT4/5© allow for scheduled trade copying?

Yes, you can schedule the EA to pause or resume copying at specific times or on certain days, aligning with your preferred trading hours.

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

Yes, you can copy the transmitter’s TP/SL levels or apply custom settings on the receiver, such as virtual TP/SL or risk-reward adjustments.

What is Reverse Copying, and how does it work?

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

Can the Local Trade Copier EA MT4/5© copy pending orders?

Yes, pending orders can be copied or configured to copy only after they are triggered and executed as market trades on the transmitter side.

Does the Local Trade Copier EA MT4/5© support automated trade closure?

Yes, receiver trades can close automatically when transmitter trades close, or based on conditions like TP/SL, drawdown, or profit limits. Partial and delayed closures are also supported.

What risk management features are available?

The Local Trade Copier EA MT4/5© includes maximum risk settings for individual symbols, currencies, or accounts, as well as drawdown protection and equity-based trade copying limits.

What account protection features are provided?

The Local Trade Copier EA MT4/5© allows you to disable copying and close all trades automatically if equity falls below a defined threshold, helping to protect your account.

Are notifications available for trade and account activity?

Yes, the Local Trade Copier EA MT4/5© provides email and push notifications for trade updates, account summaries, and critical alerts like equity drops.

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

The EA automatically or manually maps custom symbols, prefixes, and suffixes between transmitter and receiver accounts for compatibility.

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

Yes, the EA operates as a fully automated system, managing trades without any manual input after setup.

Have any questions?

Reach out to us via the contact page, and we’ll respond as soon as possible.