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

What is the Local Trade Copier EA MT4/5©, and why is it useful?

The Local Trade Copier EA MT4/5© is a professional trading tool that enables fast and accurate trade copying between MetaTrader terminals (MT4 or MT5) on the same windows computer or VPS. It is highly customizable and suitable for traders of all levels.

Can I test the Local Trade Copier EA MT4/5© before purchasing it?

Yes, demo versions are available in the FREE Demo section of this website. These fully functional demos can be used for up to 4 hours per session on demo accounts, allowing you to evaluate the EA's features.

Do I need to pay any additional fees 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). There are no recurring fees or hidden costs. You can also rent it for $30 (3 months) or $40 (6 months).

How many activations are included with my purchase?

The EA comes with 20 activations, enabling you to install and use it in as many trading accounts and terminals you want, on up to 20 different computers, or VPSs.

What support options are available for the Local Trade Copier EA MT4/5©?

If you need help, you can reach us via our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or email us at info@juvenille-emperor.com. We respond promptly, even during weekends or holidays.

What modes are available in the Local Trade Copier EA MT4/5©?

The EA operates in three modes:

• Transmitter Mode: Sends trades to other accounts.

• Receiver Mode: Copies trades from one or more transmitters.

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

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

The EA is designed to copy trades in under 0.5 seconds, provided your system has a stable internet connection, low broker latency, and sufficient processing capacity.

Can trades be copied between live and demo accounts?

Yes, the EA allows trade copying across all account types, including real>real, real>demo, demo>real, and demo>demo.

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

Yes, the EA supports all MT4 and MT5 configurations (MT4>MT4, MT4>MT5, MT5>MT4, and MT5>MT5). However, copying trades between MT4 and MT5 accounts requires purchasing both MT4 and MT5 versions of the EA.

What are the recommended specifications for running the Local Trade Copier EA MT4/5©?

The hardware requirements depend 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: Use a VPS near your broker’s servers to reduce delays.

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

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

How many terminals can be run on a single system?

The MetaTrader platform allows up to 32 terminals on one system. To exceed this limit, you can use additional user profiles on the same machine, provided your hardware can handle the increased 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, such as NFP, is not recommended with any trade copier. The extreme volatility and slippage during these times often result in differences between transmitter and receiver trades. The EA works best for trades that remain open for at least 4-5 seconds.

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

Yes, the EA can run on a Mac using Windows emulation software, such as Parallels or Wine. Alternatively, you can manage your trading setup with a Windows VPS.

Does the Local Trade Copier EA MT4/5© support copying trades from MQL5.com signals?

No, MetaQuotes restricts copying trades from MQL5.com signal subscriptions. However, the EA can copy trades from other signal or social trading platforms.

Can trades from read-only accounts be copied?

Yes, the EA supports copying trades from read-only transmitter accounts accessed via an investor password.

What options are available for customizing lot sizes?

The EA provides 16 lot size configurations, including fixed, proportional, and risk-based settings. Multipliers and symbol-specific lot sizes are also supported.

How can trades be filtered for copying?

You can filter trades by magic numbers, symbols, or comments, allowing you to control which trades are copied or excluded.

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

Yes, you can configure the EA to pause or resume copying at specific times or on specific days, ensuring it fits your trading schedule.

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

Yes, the EA can copy TP/SL levels from the transmitter or apply custom settings on the receiver side, including virtual TP/SL and adjustable risk-reward ratios.

What is Reverse Copying, and how does it work?

Reverse Copying flips the direction of trades from the transmitter. For example, a buy trade on the transmitter 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 as they are or configured to copy only after they are triggered and opened as market trades on the transmitter side.

Does the Local Trade Copier EA MT4/5© automate trade closures?

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. The EA also supports partial and delayed closures.

What risk management features are included?

The EA offers maximum risk settings for symbols, currencies, and accounts. Additional features include drawdown protection and equity-based trade copying limits.

What protections are available for accounts?

Emergency protection features allow you to stop copying and close all trades automatically if account equity drops below a specified level.

Does the Local Trade Copier EA MT4/5© provide notifications?

Yes, the EA can send email and push notifications for new trades, account updates, and critical alerts such as equity drops.

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

The EA can automatically or manually map custom prefixes, suffixes, or symbols to ensure 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, requiring no manual input after setup.

Have any questions?

Feel free to send us a message via our contact page, and we’ll respond to you as quickly as possible.