Why Local Trade Copier EA MT4/5©?
Local Trade Copier EA MT4/5© is designed for traders who need a fast, flexible and reliable way to copy and manage trades between multiple MetaTrader 4 and MetaTrader 5 terminals on the same Windows computer or VPS.
Whether you need an MT4 to MT5 trade copier, MT5 to MT4 trade copier, MT4 to MT4 copier or MT5 to MT5 copier, you can configure each receiver account independently while keeping full control over lot sizing, risk, trade filtering, symbol mapping and trade management.
Unlike a simple trade-copying utility, Local Trade Copier EA MT4/5© also acts as a receiver-side risk-management layer. Each receiver can use its own lot size and risk settings, account-protection rules, TP/SL management and trade filters without changing the original strategy on the transmitter account.
The copier works locally between MetaTrader terminals running on the same Windows PC or VPS. Under suitable conditions, copying communication can occur in under 0.5 seconds, although actual broker execution speed depends on the brokers, network connection, computer/VPS performance and terminal workload.
Explore the main features below to see how Local Trade Copier EA MT4/5© can be configured for different trading setups.
Local Trade Copier EA MT4/5© Features
Cross-Platform & Multi-Account Trade Copying
Configure Local Trade Copier EA MT4/5© for a wide range of local copying setups, from a simple two-account configuration to multiple transmitter and receiver accounts.
Copy trades MT4 → MT4
Copy trades MT5 → MT5
Copy trades MT4 → MT5 *
Copy trades MT5 → MT4 *
Copy from one transmitter to one or multiple receivers
Copy from multiple transmitters to one or multiple receivers
Use different brokers on transmitter and receiver accounts
Copy market trades and pending orders
Copy manual trades or trades opened by Expert Advisors
Copy existing/current trades or only newly opened trades
Reverse copied trades when required
Split one transmitter trade into multiple receiver trades
* For MT4 ↔ MT5 cross-platform copying, both the MT4 and MT5 versions of Local Trade Copier EA© are required.
Lot Size & Risk Management
Every receiver account can use its own money-management configuration independently from the transmitter and from other receivers.
Local Trade Copier EA MT4/5© provides 18 lot size and risk options, including:
Same lot size as the transmitter
Fixed lot size
Lot multiplier
Balance-based and equity-based multipliers
Proportional sizing based on balance, equity or free margin
Risk per trade as a percentage of balance, equity or free margin
Risk per trade in money
Lot size per 1000 of balance or equity
Specific lot-size sequences
This makes it possible to copy the same trading strategy between accounts with different balances, account sizes and risk requirements without simply duplicating the transmitter's lot size.
Trade Filtering & Symbol Mapping
Control exactly which transmitter trades are allowed to reach each receiver account.
Filter trades by symbol
Filter by Magic Number
Filter by trade comment
Copy only Buy or Sell trades
Choose whether to copy current/existing trades, new trades or both
Handle broker symbol prefixes and suffixes
Map completely different symbol names between brokers
Configure different filters independently for each receiver
For example, a transmitter trading XAUUSD can be mapped to GOLD on another broker, while indices and forex symbols with different broker naming conventions can also be mapped appropriately.
TP/SL & Advanced Trade Management
Copied trades do not have to be managed exactly as they are on the transmitter. Receiver-side trade-management options allow you to adapt trades to the requirements of each account.
Copy or customize Take Profit and Stop Loss
Set TP in points, percentage or money
Set SL in points, percentage or money
Use Break Even with a trigger in points or money
Use Trailing Stop Loss in points or money
Use Partial Closure
Apply Basket Take Profit and Stop Loss
Use Basket Trailing Stop Loss
Manage copied trades together as a basket
Close all trades in the basket when the configured conditions are reached
These controls can be particularly useful when receiver accounts have different balances, risk limits or trading objectives.
Local Trade Copier EA MT4/5© includes receiver-side protection controls designed to help limit account-level risk independently of the strategy being copied.
Set maximum daily drawdown
Set maximum daily profit
Monitor protection levels using Balance or Equity
Use equity-protection controls
Stop copying when configured protection conditions are reached
Apply different protection settings to different receiver accounts
This allows the copier to operate as an additional risk-management layer between the transmitter strategy and each receiver account.
Notifications, Scheduling & Automation
Automate the copying environment and stay informed about important trading activity.
Configure trade-copying time schedules
Control when receiver accounts are allowed to copy trades
Receive supported trade and account notifications
Use independent settings for different receiver accounts
Save configurations for repeated use
Run multiple MetaTrader terminals on the same Windows PC or VPS
Once configured, the copier can continue operating locally while the MetaTrader terminals and Windows PC/VPS remain running and connected.
