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

What is the Local Trade Copier EA MT4/5©, and how does it function?

The Local Trade Copier EA MT4/5© is an advanced software designed to copy trades quickly and efficiently between MetaTrader terminals (MT4 or MT5) on the same windows computer or VPS. It is customizable and ideal for traders of all experience levels.

Is there a demo version of the Local Trade Copier EA MT4/5© available for testing?

Yes, you can download a demo version from the FREE Demo section of this website. The demo is fully functional for up to 4 hours per session and works exclusively on demo accounts.

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

No, the EA is a one-time purchase of $50 per version (MT4 or MT5). There are no recurring charges or hidden fees. Alternatively, rental options are available: $30 for 3 months or $40 for 6 months.

How many accounts or devices can I use with my purchase?

Each license includes 20 activations, allowing you to install and use the EA in as many trading accounts and terminals you prefer, on up to 20 different computers, or VPSs.

What should I do if I encounter issues with the Local Trade Copier EA MT4/5©?

If you need assistance beyond the provided guides, feel free to contact us via our MQL5.com profile (https://www.mql5.com/en/users/eleanna74) or email info@juvenille-emperor.com. We usually respond within hours, even during weekends and holidays.

What operational modes are supported by the Local Trade Copier EA MT4/5©?

The EA supports three primary modes:

• Transmitter Mode: Sends trades to receiver accounts.

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

• Self Copier Mode: Duplicates trades within the same account for trade multiplication purposes.

How quickly does the Local Trade Copier EA MT4/5© execute trade copying?

The EA copies trades in less than 0.5 seconds, provided your system has a stable internet connection, low latency to your broker, and sufficient hardware resources.

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

Yes, the EA allows you to copy trades between all account types, including real>real, real>demo, demo>real, and demo>demo setups.

Does the Local Trade Copier EA MT4/5© support copying trades between MT4 and MT5 terminals?

Yes, the EA supports copying trades between MT4 and MT5 in all configurations (MT4>MT4, MT4>MT5, MT5>MT4, and MT5>MT5). To enable this functionality, you must purchase both the MT4 and MT5 versions of the EA.

What are the recommended system 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 recommendations:

• Latency: Use a VPS located near your broker’s servers.

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

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

How many MT4/5 terminals can I run on a single system?

The MetaTrader platform supports up to 32 terminals on one computer or VPS. To go beyond this limit, you can use additional user profiles on the same system, but your hardware must be capable of handling the added load.

Can high-frequency trading (HFT) or trades during high-impact news events be copied accurately?

Copying HFT trades or trades during high-impact news events, such as NFP, is not advisable with any trade copier. The volatility and potential slippage during these periods often result in discrepancies between transmitter and receiver trades. The EA performs best when trades remain open for at least 4-5 seconds.

Can I use the Local Trade Copier EA MT4/5© on a Mac?

Yes, the EA can be run on a Mac using a Windows emulator, such as Parallels or Wine. Alternatively, you can use a Windows VPS to manage your trading setup.

Are there restrictions when copying trades from MQL5.com signals?

MetaQuotes restricts copying trades from MQL5.com signal subscriptions, making this functionality unavailable for any copier. However, the EA supports copying trades from other signal or social trading platforms.

Can the Local Trade Copier EA MT4/5© copy trades from read-only accounts?

Yes, trades from read-only transmitter accounts can be copied using the investor password.

What options does the Local Trade Copier EA MT4/5© offer for customizing lot sizes?

The EA provides 16 lot size configurations, including fixed, proportional, and risk-based settings. You can also set multipliers or fixed lot sizes for specific symbols.

Can trades be filtered for copying?

Yes, the EA allows you to include or exclude trades based on magic numbers, symbols, or comments, giving you complete control over which trades are copied.

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

Yes, you can schedule the EA to pause or resume copying at specific times or days, aligning with your trading preferences.

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

Yes, you can copy the transmitter's TP/SL levels or configure custom settings on the receiver side, such as virtual TP/SL and risk-reward adjustments.

What is Reverse Copying, and how does it function?

Reverse Copying flips the trade direction 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 copying pending orders?

Yes, pending orders can be copied as they are or configured to copy only after they are triggered and executed as market trades on the transmitter side.

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

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

What risk management features does the Local Trade Copier EA MT4/5© include?

The EA provides maximum risk settings for individual symbols, currencies, or accounts, along with drawdown protection and equity-based limits for safer trading.

What account protection features are available?

The EA offers emergency account protection, allowing all trades to be closed and copying disabled if equity drops below a specified threshold.

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

Yes, the EA sends 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 symbols with unique prefixes, suffixes, or custom formats?

The EA can automatically or manually map symbols with prefixes and suffixes to ensure compatibility between transmitter and receiver accounts.

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

Yes, the EA is a fully automated solution, managing trades without the need for manual input after setup.