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

What is the Local Trade Copier EA MT4/5©, and what is its purpose?

Local Trade Copier EA MT4/5© is a highly efficient tool that allows you to copy trades between MetaTrader terminals (MT4 or MT5) located on the same computer or VPS. It is designed to provide fast trade copying with flexible settings, making it suitable for all traders.

Is there a way to test the Local Trade Copier EA MT4/5© before I purchase it?

Yes, you can download demo versions of the EA from the FREE Demo section on this website. These demos are fully functional for up to 4 hours per session and can be used on demo accounts.

Do I need to pay a subscription fee for the Local Trade Copier EA MT4/5©?

No, the EA is available for a one-time payment of $50 per version (MT4 or MT5). No contracts or recurring payments are required. Alternatively, rental options are available for $30 (3 months) or $40 (6 months).

How many devices or accounts can the EA be used on with one purchase?

Your purchase includes 20 activations, allowing you to use the EA in as many trading accounts and terminals you like, on up to 20 different computers, or VPSs.

What kind of support is available if I need help with the Local Trade Copier EA MT4/5©?

If you need assistance, you can contact us through our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or email us at info@juvenille-emperor.com. We monitor these channels closely and typically respond within a few hours, even during weekends and holidays.

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

The EA supports three modes:

• Transmitter Mode: Sends trades to receiver accounts.

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

• Self Copier Mode: Reproduces trades within the same account, useful for trade multiplication.

How fast does the Local Trade Copier EA MT4/5© copy trades?

The EA is capable of copying trades in under 0.5 seconds, provided that your internet connection is stable, your broker’s server latency is low, and your system has sufficient resources.

Can trades be copied between live and demo accounts?

Yes, the EA allows trades to be copied 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 all MT4 and MT5 combinations, such as MT4>MT4, MT4>MT5, MT5>MT4, and MT5>MT5. Note that copying between MT4 and MT5 accounts requires purchasing both the MT4 and MT5 versions of the EA.

What are the recommended computer or VPS specifications for using the Local Trade Copier EA MT4/5©?

The hardware requirements vary depending 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.

Additional tips:

• Latency: Choose a VPS near your broker’s servers for reduced latency.

• Disk Space: Allocate 50-100 GB of SSD storage for optimal performance.

• Operating System: Use the latest version of Windows Server compatible with MT4/5.

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

The MetaTrader platform allows up to 32 terminals per computer or VPS. To exceed this limit, you can use additional user profiles on the same system. However, your system's hardware must be capable of supporting the additional load.

Are high-frequency trading (HFT) trades or trades during high-impact news events suitable for copying?

Copying HFT trades or trades during high-impact news events, like NFP, is generally not recommended with any trade copier. The extreme volatility and potential slippage during these periods often result in differences between the transmitter and receiver trades. The EA works best with trades that remain open for at least 4-5 seconds.

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

Yes, you can run the EA on a Mac using a Windows emulator, such as Parallels or Wine. Alternatively, a Windows VPS can be used for managing transmitter and receiver accounts.

Are there any restrictions on copying trades from MQL5.com signal subscriptions?

MetaQuotes restricts copying and multiplying trades from MQL5.com signals, making this functionality unavailable for any copier. However, the EA can copy trades from other signal or social trading platforms. 

Can trades from read-only accounts be copied?

Yes, trades can be copied from read-only transmitter accounts accessed with an investor password.

What options are available for customizing lot sizes?

The EA offers 16 configurations for lot size customization, including fixed, proportional, and risk-based settings. Additional options, like multipliers and symbol-specific fixed lots, are also available.

Can trades be filtered by criteria such as magic number, symbol, or comment?

Yes, you can set filters to include or exclude trades for copying based on magic numbers, symbols, or comments, ensuring precise control over which trades are copied.

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

Yes, you can schedule trade copying to start or stop at specific times or on particular days, aligning with your trading strategy.

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

Yes, the EA allows you to copy the transmitter’s TP/SL levels or apply custom TP/SL settings on the receiver side. It also supports virtual TP/SL and risk-reward adjustments.

What is Reverse Copying, and how does it function?

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

Does the Local Trade Copier EA MT4/5© support pending orders?

Yes, the EA can copy pending orders or copy them only after they are triggered and executed as market trades on the transmitter side.

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

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

What risk management features are included?

The EA offers maximum risk settings for individual symbols, currencies, and accounts. It also includes drawdown protection and equity-based trade copying limits.

What protections are in place for accounts?

Emergency protection features allow all trades to be closed, and copying to be disabled, if equity falls below a specific threshold, ensuring account safety.

Are notifications available for trade activity?

Yes, the EA sends email and push notifications for new trades, account summaries, and alerts when equity levels fall below a defined threshold.

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

The EA can automatically or manually map symbols with unique prefixes and suffixes, ensuring compatibility between transmitter and receiver accounts.

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

Yes, the EA operates as a fully automated solution, managing trades without the need for manual intervention.

Need Assistance?

Reach out through our contact page, and we’ll get back to you promptly.