MT4 & MT5 Trade Copier FAQ - Frequently Asked Questions

Can I copy trades from MT4 to MT5?

Yes. Local Trade Copier EA MT4/5© supports MT4 → MT5 trade copying between MetaTrader terminals running on the same Windows computer or VPS.

For cross-platform copying, the MT4 version is installed on the MT4 terminal and the MT5 version on the MT5 terminal.

Can I copy trades from MT5 to MT4?

Yes. MT5 → MT4 trade copying is also supported.

You can use an MT5 account as the transmitter and one or more MT4 accounts as receivers, provided the required MT4 and MT5 versions of Local Trade Copier EA© are installed.

Do I need to purchase both the MT4 and MT5 versions?

It depends on your setup.

For MT4 → MT4 copying, you only need Local Trade Copier EA MT4©.

For MT5 → MT5 copying, you only need Local Trade Copier EA MT5©.

For MT4 → MT5 or MT5 → MT4 cross-platform copying, you need both the MT4 and MT5 versions.

Can I copy trades between different brokers?

Yes. The transmitter and receiver accounts can be held with different brokers.

Local Trade Copier EA MT4/5© includes symbol-mapping options that can help when brokers use different symbol names, prefixes or suffixes, such as:

EURUSD → EURUSD+
XAUUSD → GOLD
US30 → DJ30

Do all MetaTrader terminals need to run on the same computer or VPS?

Yes. Local Trade Copier EA MT4/5© is a local trade copier, so the transmitter and receiver MetaTrader terminals must run on the same Windows computer or VPS.

This local architecture helps keep trade-copying communication fast and avoids the need for an external cloud copying service.

How fast are trades copied?

Under suitable conditions, trade-copying communication can occur in under 0.5 seconds.

Actual results depend on factors such as your Windows PC or VPS performance, terminal workload, network quality and broker execution speed.

Local Trade Copier EA MT4/5© can copy a trade quickly once it has been executed on the transmitter, but broker execution latency is separate from copier latency.

What does 20 activations mean?

Each purchase includes 20 Windows activations.

One activation is associated with one Windows computer or VPS, not with one trading account or one MetaTrader terminal.

This means you can run multiple MT4 or MT5 terminals and accounts on the same activated Windows PC/VPS while using a single activation for that machine.

Can one transmitter copy trades to multiple receivers?

Yes.

A single transmitter account can copy trades to one or multiple receiver accounts running on the same Windows PC or VPS.

Each receiver can also use its own independent lot sizing, risk, filtering and trade-management settings.

Can multiple transmitters copy trades to one receiver?

Yes.

Local Trade Copier EA MT4/5© can work with multiple transmitter accounts and one or more receiver accounts.

This allows you to combine trades from different strategies or accounts into the same receiving environment, depending on how you configure each setup.

Can each receiver use different lot sizes and risk settings?

Yes.

Each receiver can be configured independently using the available 18 lot size and risk options.

For example, one receiver could use a fixed lot size, another could use a multiplier, and another could use percentage-based risk management.

This is especially useful when receiver accounts have different balances, equity levels or risk limits.

Can I copy only selected trades?

Yes.

You can filter copied trades using criteria such as:

• symbol

• Magic Number

• trade comment

• Buy or Sell direction

• current/existing trades

• newly opened trades

This allows each receiver account to copy only the trades you want.

Can Local Trade Copier EA handle different symbol names between brokers?

Yes.

The copier includes symbol mapping, prefix and suffix handling so trades can be copied when the transmitter and receiver brokers use different symbol names.

For example, XAUUSD on the transmitter can be mapped to GOLD on the receiver.

Can I change the lot size on the receiver?

Yes.

The receiver does not have to use the same lot size as the transmitter.

You can use fixed lots, multipliers, proportional sizing, percentage risk, money risk and several other lot-size calculation methods.

Can I manage Take Profit and Stop Loss independently on the receiver?

Yes.

Receiver-side trade management can be used to control TP and SL independently from the transmitter.

Depending on the selected settings, you can manage Take Profit, Stop Loss, Break Even, Trailing Stop Loss, Partial Closure and basket-level trade management on the receiver side.

Can I copy pending orders?

Yes.

Local Trade Copier EA MT4/5© can copy market trades and pending orders, depending on your receiver settings.

Can I copy manual trades and Expert Advisor trades?

Yes.

The copier can copy trades opened manually as well as trades opened by Expert Advisors.

You can also use Magic Number and comment filters to control which EA or manual trades are copied.

Can I reverse copied trades?

Yes.

Reverse-copying functionality is available, allowing Buy trades to be copied as Sell trades and Sell trades as Buy trades when required.

Can I split one transmitter trade into several receiver trades?

Yes.

Local Trade Copier EA MT4/5© includes trade-splitting functionality that can divide one transmitter trade into multiple receiver trades according to the configured settings.

Does Local Trade Copier EA include account-protection features?

Yes.

Receiver-side account protection can be configured using settings such as:

• maximum daily drawdown

• maximum daily profit

• equity protection

• balance- or equity-based controls

• stop-copying conditions

These settings allow the copier to act as an additional risk-management layer for each receiver account.

Can I use Local Trade Copier EA with prop firm accounts?

Yes, Local Trade Copier EA MT4/5© can be used in many prop-firm setups, provided the prop firm's rules allow the type of trade copying you intend to use.

The copier's receiver-side lot sizing, risk controls, trade filtering and account-protection settings can be particularly useful when managing multiple prop-firm accounts with different rules or account sizes.

You should always check the current trading and copying rules of your specific prop firm before using any trade copier.

Is Local Trade Copier EA suitable for prop firm challenges?

It can be used for prop-firm challenge accounts where trade copying is permitted.

For example, different receivers can use different lot sizes, risk levels or maximum drawdown controls while following the same transmitter strategy.

Because prop-firm rules vary considerably, always confirm that your intended setup complies with the firm's current terms.

Can Local Trade Copier EA be used for HFT or very fast trading?

Local Trade Copier EA MT4/5© is designed for fast local trade copying and can be used with fast trading strategies, provided your complete setup is suitable for that trading style.

For very fast strategies, performance depends heavily on:

• PC/VPS CPU performance

• available RAM

• number of running MetaTrader terminals

• terminal workload

• broker execution speed

• network latency

• VPS location

The copier itself may communicate trades in under 0.5 seconds under suitable conditions, but very high-frequency strategies are especially sensitive to the entire execution environment.

What VPS specifications do I need?

The ideal VPS depends mainly on how many MT4/MT5 terminals you plan to run and how heavily they are loaded.

As a general guide:

• 2 terminals: around 2 CPU cores and 4 GB RAM

• 3–5 terminals: around 4 CPU cores and 6 GB RAM

• 7–8 terminals: around 6 CPU cores and 12 GB RAM

• 10–15 terminals: around 8 CPU cores and 16 GB RAM

These are general guidelines rather than strict requirements.

Should my VPS be close to my broker's servers?

Yes, where possible.

A VPS located closer to your broker's trading servers can help reduce broker execution latency.

However, copier speed also depends on your VPS hardware, Windows performance, MetaTrader workload and network quality, so location is only one part of the overall setup.

Does the copier work with read-only or investor-password transmitter accounts?

A transmitter account can be used in read-only mode for copying its trades, provided the necessary trade information is available to the terminal.

A receiver account, however, must have full trading access because the copier needs permission to open, modify and close trades there.

Can I use more than one receiver setting configuration?

Yes.

Each receiver can have its own independent configuration, including:

• lot size

• risk percentage

• symbol filters

• Magic Number filters

• comments

• trade direction

• TP/SL management

• account-protection limits

This is one of the main advantages of a multi-account trade-copying setup.

Can I test Local Trade Copier EA before buying?

Yes.

A fully functional free demo is available for MT4 and MT5.

The demo works on demo accounts for four hours at a time, allowing you to test the copier, its settings and your own MT4/MT5 configuration before purchasing.

How do I reset the free demo?

The demo can be reset through MetaTrader's Global Variables.

Go to:

Tools → Global Variables

then use:

Ctrl+A → Delete

Only do this on non-critical demo terminals where removing Global Variables will not affect other Expert Advisors or setups.

Are there monthly subscription fees?

No mandatory monthly or annual subscription is required if you purchase the product.

Local Trade Copier EA MT4© and MT5© are each available as a one-time purchase for $50.

Rental options are also available for traders who prefer shorter-term access.

Where can I find the setup instructions?

You can use the dedicated:

Getting Started Guide

for installation and basic configuration.

For individual inputs and advanced settings, use the:

Settings Documentation

For problems or errors, use the:

Troubleshooting Center

Is there a quick setup video?

Yes.

A Quick 1-Minute Setup Video is available to show the basic transmitter and receiver configuration visually.

This is ideal for users who prefer to see the setup process rather than read the complete written guide.

What should I do if trades are not copying?

First check:

• both MetaTrader terminals are running

• AutoTrading or Algo Trading is enabled

• the correct transmitter account is selected

• the symbol exists on the receiver

• symbol mapping is correct if the brokers use different names

• the receiver is allowed to trade

• the Experts and Journal tabs do not show an error

If the issue continues, follow the Troubleshooting Center or contact support.

Where can I get support?

Support is available through the official Local Trade Copier EA channels.

Before contacting support, it is usually helpful to check the:

Getting Started Guide
Settings Documentation
Troubleshooting Center

Many setup issues can be resolved immediately there.

If you still need assistance, you can contact the developer through the Contact page or the official MQL5.com product/developer pages.

What information should I provide when asking for support?

To help diagnose your issue as quickly as possible, please provide the following information when contacting support: 

• MT4 or MT5

• whether the account is transmitter or receiver

• broker name

• Local Trade Copier EA version

• relevant copier settings

• screenshots if useful

• the exact problem

• approximate time the issue occurred

• relevant Experts or Journal log messages

* Please do not send trading account passwords or other sensitive login information.

Where should I check for copier error messages?

In MetaTrader, useful diagnostic information is generally available in the Experts and Journal tabs.

If a trade is rejected, skipped or cannot be copied, these logs often provide the reason and are very useful when troubleshooting or contacting support.

Do I need to keep MetaTrader and the VPS running?

Yes.

Because Local Trade Copier EA MT4/5© operates between running MetaTrader terminals, the required transmitter and receiver terminals must remain open and connected for continuous copying.

For 24/5 operation, many traders use a Windows VPS.

Can I use Local Trade Copier EA on my home Windows computer instead of a VPS?

Yes.

A VPS is not mandatory.

You can run the transmitter and receiver terminals on a Windows desktop or laptop, provided the computer remains powered on, connected to the internet and capable of running the required MetaTrader terminals reliably.

A VPS is mainly useful when you want continuous operation without keeping your personal computer running.