MetaTrader 5 and MetaTrader 4 are still used side by side by traders, brokers, Expert Advisors and trading environments around the world. This can create a practical problem: what happens when your trading strategy operates on MT5, but one or more of the accounts you want to follow it are running on MT4?

An MT5 to MT4 trade copier solves this problem by transferring trading activity from a MetaTrader 5 transmitter account to one or more MetaTrader 4 receiver accounts.

With Local Trade Copier EA MT4/5©, this process takes place locally between MT5 and MT4 terminals running on the same Windows computer or VPS. The MT5 account acts as the transmitter, while one or more MT4 accounts act as receivers.

The receiver accounts do not have to be exact copies of the transmitter. Each MT4 receiver can use its own lot sizing, risk management, trade filters, symbol mapping, Take Profit and Stop Loss management and account-protection settings.

This makes MT5 → MT4 copying useful not only for duplicating trades, but also for managing how an MT5 strategy is deployed across different MT4 accounts.

What Is an MT5 to MT4 Trade Copier?

An MT5 to MT4 trade copier is software that connects a MetaTrader 5 transmitter terminal with one or more MetaTrader 4 receiver terminals.

When trading activity occurs on the MT5 transmitter, the copier communicates the corresponding action to the MT4 receiver.

Depending on the configuration, this can include:

• Market Buy and Sell trades

• Pending orders

• Take Profit and Stop Loss

• Trade modifications

• Partial closures

• Trade closures

Local Trade Copier EA MT4/5© can copy trades opened manually or by an Expert Advisor, making it suitable for both discretionary and automated trading setups.

Because MT5 and MT4 are different trading platforms, cross-platform copying requires the appropriate Local Trade Copier EA version on each side of the connection:

MT5 Transmitter → Local Trade Copier EA MT5©

MT4 Receiver → Local Trade Copier EA MT4©

For this reason, both the MT4 and MT5 versions are required for MT5 → MT4 cross-platform trade copying.

How Does MT5 → MT4 Trade Copying Work?

The basic architecture is straightforward:

1. The MT5 Account Becomes the Transmitter

Local Trade Copier EA MT5© is attached to a chart in the MetaTrader 5 terminal and configured as the Transmitter.

This is the account whose trading activity you want the MT4 account or accounts to follow.

2. The MT4 Account Becomes the Receiver

Local Trade Copier EA MT4© is attached to a chart in each MetaTrader 4 receiver terminal.

The receiver is then configured to copy from the appropriate transmitter account.

3. The Copier Detects Trading Activity

When a trade is opened, modified or closed on the MT5 transmitter, Local Trade Copier EA detects that activity and communicates it locally to the configured MT4 receiver or receivers.

4. Each MT4 Receiver Applies Its Own Settings

Before the corresponding trade is handled on the receiver, Local Trade Copier EA MT4© applies that receiver's configuration.

For example, one MT4 receiver could use:

Fixed Lot = 0.10

while another could use:

Risk per Trade = 1% of Balance

and a third could copy only selected symbols or trades with a particular Magic Number.

The MT5 strategy therefore remains unchanged while each MT4 receiver determines how the strategy is reproduced on its own account.

Why Copy an MT5 Strategy to MT4?

There are several practical situations in which an MT5 → MT4 trade copier can be useful.

Your Strategy Runs on MT5 but Other Accounts Use MT4

You may have an Expert Advisor, manual strategy or primary trading account operating on MetaTrader 5 while other accounts remain on MetaTrader 4.

Instead of manually reproducing every MT5 trade on those MT4 accounts, the copier can automate the process.

Your Brokers Use Different MetaTrader Platforms

One broker may provide the account you want to use through MT5, while another account is available through MT4.

Local cross-platform copying allows these accounts to participate in the same trading setup even though they use different MetaTrader generations.

You Manage Multiple Trading Accounts

An MT5 transmitter can be used as the central source for multiple MT4 receiver accounts.

The receiver accounts can still use different risk levels, lot sizes, filters and protection settings.

You Want to Keep the Original MT5 Strategy Unchanged

One of the important advantages of receiver-side control is that you do not necessarily need to modify the strategy running on the MT5 transmitter.

The receiver can independently determine how much risk to take, which trades to accept and how those trades should be managed.

MT5 to MT4 Copying Between Different Brokers

The MT5 transmitter and MT4 receiver do not need to use the same broker.

This is important because different brokers frequently use different naming conventions for the same underlying instrument.

For example:

EURUSD → EURUSD+

XAUUSD → GOLD

US30 → DJ30

NAS100 → USTECH

GER40 → DAX40

Local Trade Copier EA MT4/5© includes symbol mapping and prefix/suffix handling to deal with these differences.

For example, if the MT5 transmitter opens an XAUUSD trade but the MT4 broker calls the same instrument GOLD, the receiver can be configured to map:

XAUUSD → GOLD

The same principle applies to forex pairs with suffixes such as EURUSD.a, EURUSD+, EURUSDpro and other broker-specific symbol names.

Important

Symbol mapping solves the naming difference, but traders should also consider differences in broker contract specifications, minimum lot sizes, lot steps, available instruments and trading conditions.

The receiver's settings should therefore be appropriate for the actual MT4 account on which the copied trade will be executed.

Read our complete guide: MT4/MT5 Trade Copier Between Different Brokers: Symbol Mapping Guide →

Copying Between MT5 and MT4 Accounts with Different Balances

The transmitter and receiver accounts do not need to have the same account balance.

Suppose an MT5 transmitter has a balance of:

$100,000

while three MT4 receivers have:

Receiver A — $10,000
Receiver B — $25,000
Receiver C — $50,000

Simply copying the transmitter's exact lot size to all three receivers may produce very different levels of risk.

This is why Local Trade Copier EA MT4/5© provides 18 lot size and risk options.

Depending on your requirements, an MT4 receiver can use methods such as:

• Same Lot Size

• Fixed Lot

• Multiplier

• Multiplier by Balance

• Multiplier by Equity

• Proportional by Balance

• Proportional by Equity

• Proportional by Free Margin

• Proportional Multiplier by Balance

• Proportional Multiplier by Equity

• Risk per Trade in % of Balance

• Risk per Trade in % of Equity

• Risk per Trade in % of Free Margin

• Risk per Trade in Money

• Lot Size per 1000 of Balance

• Lot Size per 1000 of Equity

• Specific Lot Size Sequence

This allows the same MT5 trading strategy to be copied to MT4 accounts of different sizes without requiring every receiver to use the transmitter's original lot size.

MT5 → MT4 Risk Management

Cross-platform copying is only one part of the process.

A receiver account may have a different balance, risk tolerance or trading objective from the MT5 transmitter. For that reason, Local Trade Copier EA MT4/5© can also act as a receiver-side risk-management layer.

Independent Lot Size and Risk

Each MT4 receiver can calculate its own lot size rather than simply accepting the MT5 transmitter's volume.

For example:

MT4 Receiver A: Fixed Lot 0.10
MT4 Receiver B: 1% Risk per Trade
MT4 Receiver C: Balance-Proportional Sizing

All three can follow the same MT5 transmitter while using different money-management rules.

Account Protection

Receiver-side protection settings can be used to control account-level exposure, including options for:

• Maximum daily drawdown

• Maximum daily profit

• Equity protection

• Balance- or equity-based controls

• Stop-copying conditions

This can be especially useful when several MT4 accounts follow the same MT5 strategy but have different account sizes or risk requirements.

Trade Filtering

Each receiver can also determine which MT5 trades it wants to copy.

Available filtering can include:

• Symbol

• Magic Number

• Trade comment

• Buy/Sell direction

• Current/existing trades

• Newly opened trades

For example, an MT5 transmitter may trade EURUSD, GBPUSD and XAUUSD, while a particular MT4 receiver is configured to accept only EURUSD and GBPUSD.

The transmitter does not need to change.

MT5 to MT4 Take Profit, Stop Loss and Trade Management

MT4 receiver trades can also be managed according to receiver-side settings.

Local Trade Copier EA MT4/5© provides options for:

Take Profit

Set or manage Take Profit in points, percentage or money.

Stop Loss

Set or manage Stop Loss in points, percentage or money.

Break Even

Configure a Break Even trigger in points or money.

Trailing Stop Loss

Use a receiver-side Trailing Stop Loss configured in points or money.

Partial Closure

Manage copied positions using Partial Closure functionality.

Basket Management

Multiple copied trades can also be managed together using:

• Basket Take Profit and Stop Loss

• Basket Trailing Stop Loss

• Basket-level trade management

• Closing all trades in the basket when the configured conditions are reached

This means the MT4 receiver can do considerably more than simply reproduce the initial MT5 trade.

Can One MT5 Account Copy to Multiple MT4 Accounts?

Yes.

A single MT5 transmitter can copy trading activity to one or multiple MT4 receiver accounts running on the same Windows computer or VPS.

For example:

MT5 Transmitter

↓
MT4 Receiver A
MT4 Receiver B
MT4 Receiver C

Each MT4 receiver can have its own independent settings.

Receiver A might use the same lot size as the transmitter.

Receiver B might use percentage-based risk.

Receiver C might copy only selected symbols.

This makes a one-to-many configuration particularly useful when the same MT5 strategy needs to be deployed across accounts with different requirements.

Can Multiple MT5 Transmitters Copy to an MT4 Receiver?

Yes.

Local Trade Copier EA MT4/5© supports configurations involving multiple transmitters and receivers.

This means an MT4 receiver can receive selected trading activity from more than one transmitter, depending on how the copying environment is configured.

Filtering, Magic Numbers, symbols and other receiver settings can then be used to control which trades are accepted.

Important MT5 and MT4 Compatibility Considerations

MT5 and MT4 are related platforms, but they are not identical trading systems.

When copying from MT5 to MT4, several practical differences should therefore be considered.

Symbol Names Can Differ

Different brokers may use different prefixes, suffixes or completely different names for the same instrument.

Use the copier's symbol-mapping options where necessary.

Contract Specifications Can Differ

The same symbol may have different:

• Contract sizes

• Minimum lot sizes

• Maximum lot sizes

• Lot steps

• Tick sizes

• Trading sessions

Receiver-side lot sizing should therefore be configured according to the MT4 broker and account.

Broker Execution Is Independent

Local Trade Copier EA handles the communication of trading activity between the terminals.

The actual execution of the receiver order is performed by the receiver's broker.

This distinction is particularly important when comparing execution times or prices between the MT5 transmitter and MT4 receiver.

Price Differences Are Normal

Two brokers may quote slightly different Bid/Ask prices or spreads.

As a result, the execution price on the MT4 receiver does not necessarily have to be identical to the price obtained on the MT5 transmitter.

Both Terminals Must Remain Running

Because Local Trade Copier EA MT4/5© is a local trade copier, the required MetaTrader terminals must remain open and connected.

For continuous operation, many traders run their MT5 transmitter and MT4 receivers on the same Windows VPS.

How Fast Is MT5 to MT4 Trade Copying?

Local Trade Copier EA MT4/5© is designed for fast local communication between MetaTrader terminals.

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

Performance depends on factors such as:

• Windows PC or VPS performance

• CPU resources

• Number of running MetaTrader terminals

• Terminal workload

• Network quality

• Broker connection

• Broker execution speed

It is important to distinguish trade copier latency from broker execution latency.

Local Trade Copier EA can communicate the trading instruction quickly after the transmitter trade is executed, but the receiver broker is ultimately responsible for executing the corresponding receiver order.

For traders operating many terminals or very fast strategies, adequate VPS resources and a suitable location relative to the broker servers become particularly important.

MT5 to MT4 Trade Copier Setup in About 1 Minute

The basic configuration is deliberately straightforward.

Step 1 — Install Both Versions

Install Local Trade Copier EA MT5© in your MT5 terminal and Local Trade Copier EA MT4© in your MT4 terminal.

Step 2 — Configure MT5 as Transmitter

Attach Local Trade Copier EA MT5© to a chart and select the appropriate Transmitter mode.

Step 3 — Configure MT4 as Receiver

Attach Local Trade Copier EA MT4© to a chart in the receiver terminal and configure it as the Receiver.

Step 4 — Select the Transmitter

Enter/select the appropriate transmitter account information in the MT4 receiver settings.

Step 5 — Configure Receiver Risk and Filters

Choose the lot size, risk management, symbol mapping, filters and other receiver-side options you require.

Once configured, the MT4 receiver is ready to follow the selected MT5 transmitter.

Watch the Quick 1-Minute Setup Video →

I would embed your newly updated Quick Setup Video immediately underneath this section. This is a particularly good location for it because the visitor has just read the five-step explanation and can now see the process performed visually.

MT5 to MT4 Trade Copier FAQ

Can I copy trades directly from MT5 to MT4?

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

Do I need both Local Trade Copier versions?

Yes.

MT5 → MT4 copying requires Local Trade Copier EA MT5© for the MT5 terminal and Local Trade Copier EA MT4© for the MT4 terminal.

Can one MT5 transmitter copy to several MT4 receivers?

Yes. One MT5 transmitter can copy trades to multiple MT4 receivers, with each receiver using its own configuration.

Can the MT5 and MT4 accounts use different brokers?

Yes.

When brokers use different symbol names, the receiver-side symbol-mapping options can be used to match the appropriate instruments.

Do the MT5 and MT4 accounts need the same balance?

No.

The accounts can have different balances, and each MT4 receiver can use its own lot-size or risk-management method.

Can I copy Expert Advisor trades from MT5 to MT4?

Yes.

Trades opened by an Expert Advisor on the MT5 transmitter can be copied to MT4 receivers. Manual trades can also be copied.

Can I copy only selected MT5 trades?

Yes.

Receiver-side filters can be used to select trades according to criteria such as symbol, Magic Number, trade comment and Buy/Sell direction.

Do MT5 and MT4 need to run on the same VPS?

The required transmitter and receiver terminals need to run on the same Windows computer or VPS because Local Trade Copier EA MT4/5© operates locally between them.

Can I try MT5 to MT4 copying before purchasing?

Yes.

Free demo versions are available for both MT4 and MT5 and can be tested on demo accounts for four hours at a time.

Try MT5 → MT4 Trade Copying Before You Buy

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

The fully functional free demo works for four hours at a time, allowing you to test:

• MT5 → MT4 trade copying

• Different lot-size configurations

• Risk management

• Symbol mapping

• Trade filters

• Receiver-side trade management

• Multiple terminal setups

Try the Free MT4/MT5 Trade Copier Demo →

Purchase Local Trade Copier EA MT4/5©

For MT5 → MT4 cross-platform trade copying, both versions are required:

Local Trade Copier EA MT5© — $50

Use on the MetaTrader 5 side of the copying setup.

20 Windows activations included.

Local Trade Copier EA MT4© — $50

Use on the MetaTrader 4 side of the copying setup.

20 Windows activations included.

Each activation applies to one Windows computer or VPS rather than one MetaTrader terminal or trading account, allowing multiple MetaTrader terminals/accounts to run on the same activated machine.

There is no mandatory recurring subscription with the one-time purchase.

Buy Local Trade Copier EA MT5© →

Buy Local Trade Copier EA MT4© →