MT5 to MT5 Trade Copier FAQ

Find answers to common questions about copying trades between MetaTrader 5 accounts with Local Trade Copier EA MT5©, including multiple Receiver accounts, different brokers, lot sizing, symbol mapping, pending orders, execution speed, demo and real accounts, risk management and prop-firm use.

What is an MT5 to MT5 trade copier?

An MT5 to MT5 trade copier synchronizes trading activity from one MetaTrader 5 account to one or more MetaTrader 5 Receiver accounts.

Local Trade Copier EA MT5© performs this locally between MT5 terminals running on the same Windows computer or Windows VPS.

One MT5 account acts as the Transmitter, while one or more MT5 accounts act as Receivers. When a trade is opened, modified or closed on the Transmitter, the corresponding trading action can be copied to the Receiver accounts according to the settings configured for each Receiver.

Can I copy trades from one MT5 account to multiple MT5 accounts?

Yes. One MT5 account can act as the Transmitter and copy its trading activity to multiple MT5 Receiver accounts.

Each Receiver can be configured independently, so different Receiver accounts can use different lot sizing, trade filters, symbol mapping and risk-management settings.

This makes it possible to synchronize the same trading activity across multiple MT5 accounts without requiring every account to use identical risk settings.

Can I copy between MT5 accounts at different brokers?

Yes. The Transmitter and Receiver MT5 accounts can be with different brokers.

If both brokers use identical symbol names, such as:

EURUSD → EURUSD

no symbol suffix configuration is required.

If the brokers use different suffixes or different instrument names, you can configure the appropriate suffix or Special Symbol settings on the Receiver.

Broker execution conditions can still differ, so copied trades may not receive exactly the same execution price on every account.

Do all MT5 accounts need the same balance?

No. The Transmitter and Receiver accounts do not need to have the same balance, equity or account size.

Each Receiver can use its own lot-sizing method and risk configuration.

For example, a smaller Receiver account can copy the same trading activity using a smaller lot size, while a larger Receiver can use a larger position size.

Can each MT5 Receiver use a different lot size?

Yes. Each Receiver can use its own Lot Size Type and lot-sizing settings.

Local Trade Copier EA MT5© provides 18 lot-size and risk-management methods, including fixed lot sizes, lot multipliers and balance/equity-based proportional methods.

This allows the same Transmitter trade to be copied with different position sizes on different Receiver accounts.

The trading signal can be identical. The financial exposure does not have to be.

Can I copy manual trades between MT5 accounts?

Yes. Trades opened manually on the MT5 Transmitter account can be copied to the configured Receiver accounts.

The trade copier monitors the Transmitter account's trading activity rather than requiring the original trade to come from a particular trading strategy.

Can I copy EA trades between MT5 accounts?

Yes. Trades opened by another Expert Advisor on the Transmitter account can be copied to MT5 Receiver accounts.

Local Trade Copier EA MT5© can also use filters such as Magic Number, symbol and trade comment when you want to control which trades are copied.

Manual trading and other Expert Advisors can therefore coexist with the trade copier when the setup is configured appropriately.

Can MT5 pending orders be copied?

Yes. Local Trade Copier EA MT5© can copy pending orders between MT5 accounts.

You can configure pending orders to be copied as pending orders or use the option to copy them as market trades when they are triggered on the Transmitter.

This can be useful when different brokers have different requirements for the placement of pending orders.

Can I copy between MT5 demo and real accounts?

Yes, provided the relevant accounts and brokers allow the required trading operations.

Possible MT5 combinations include:

Demo → Demo

Demo → Real

Real → Demo

Real → Real

The Receiver must be logged in with its normal trading password and have permission to trade.

Can each Receiver use different risk settings?

Yes. Each MT5 Receiver has its own Local Trade Copier EA MT5© configuration.

Different Receivers can therefore use different:

Lot sizing

Trade filters

Symbol mapping

TP/SL settings

Trading days and times

Drawdown controls

Profit limits

Account-protection settings

This is particularly useful when the Receiver accounts have different balances, risk requirements or broker conditions.

How fast does MT5-to-MT5 copying work?

Because Local Trade Copier EA MT5© operates locally between MT5 terminals on the same Windows computer or Windows VPS, synchronization can typically occur in under 0.5 seconds under suitable conditions.

This refers to the copier's synchronization time, not the Receiver broker's final execution time.

Actual trade execution can also depend on network latency, broker infrastructure, market conditions, liquidity and the performance of the Windows computer or VPS.

Do the MT5 terminals need to be on the same computer or VPS?

Yes. Local Trade Copier EA MT5© is a local trade copier, so the Transmitter and Receiver MT5 terminals must run on the same Windows computer or Windows VPS.

The accounts themselves can be with different brokers, but the MetaTrader terminals participating in the local copying setup need to run on the same Windows environment.

How many MT5 Receiver accounts can I use?

You can use multiple MT5 Receiver accounts in the same copying setup, subject to the available resources of your Windows computer or VPS.

As the number of MT5 terminals increases, sufficient CPU performance, RAM and system resources become increasingly important.

Each Receiver can still use its own independent copying and risk-management configuration.

What happens when brokers use different symbol names?

Local Trade Copier EA MT5© provides settings for handling different broker symbol names.

If the symbols are identical:

EURUSD → EURUSD

no suffix configuration is required.

If the Receiver uses a suffix:

EURUSD → EURUSD.r

configure:

Suffix of the Receiver Account: .r

If the Transmitter uses a suffix:

EURUSD+ → EURUSD

configure:

Suffix of the Transmitter Account: +

If both use the same suffix:

EURUSDm → EURUSDm

configure:

Suffix of the Transmitter Account: m

Suffix of the Receiver Account: m

For substantially different instrument names, use Special Symbol mapping.

For example:

US500 → SPX500

configure:

Special Symbol 1: US500,SPX500

Do I need the MT4 version for MT5-to-MT5 copying?

No. If both the Transmitter and Receiver accounts use MetaTrader 5, you only need Local Trade Copier EA MT5©.

You need both MT4 and MT5 versions only when you want to copy between the two MetaTrader platforms:

MT4 → MT5: MT4 + MT5 versions

MT5 → MT4: MT5 + MT4 versions

For a standard MT5 → MT5 setup, purchasing the MT4 version is not necessary.

Advanced MT5 Trade Copier Questions

Can I use multiple MT5 Transmitters and Receivers?

Yes. Local Trade Copier EA MT5© supports configurations involving multiple Transmitter and Receiver accounts.

For example, you can create setups such as:

1 Transmitter → Multiple Receivers

Multiple Transmitters → 1 Receiver

Multiple Transmitters → Multiple Receivers

Each copying connection should be configured carefully so that the intended trading activity reaches the correct Receiver accounts.

Can an MT5 account be both a Receiver and a Transmitter?

Yes. An intermediate MT5 account can operate as a Receiver and also transmit trading activity to another account.

For example:

MT5 Account 1 → MT5 Account 2 → MT5 Account 3

Account 2 receives trading activity from Account 1 and can also transmit trading activity to Account 3.

Separate Local Trade Copier EA MT5© instances should be configured for the Receiver and Transmitter roles on the intermediate terminal.

Can I copy only selected trades from an MT5 account?

Yes. Local Trade Copier EA MT5© provides trade filters that allow you to control which trades are copied.

Depending on your setup, trades can be filtered by criteria including:

Symbol

Magic Number

Trade comment

Ticket

Trade direction

Trading time/day

Trade volume

This allows a Receiver to follow only the trading activity that meets your selected conditions.

Can I exclude specific MT5 symbols from copying?

Yes. You can configure Local Trade Copier EA MT5© so that trades from selected symbols are not copied to a particular Receiver.

This is useful when a Receiver should follow most Transmitter trades but exclude particular forex pairs, indices, stocks or other instruments.

Can I copy only Buy or only Sell trades?

Yes. Trade-direction filters can be used to control whether a Receiver copies Buy trades, Sell trades or both, according to your configuration.

This setting is applied independently to the relevant Receiver setup.

Can I reverse copied MT5 trades?

Yes. Local Trade Copier EA MT5© includes reverse-copying functionality.

When reverse copying is configured, a Buy trade on the Transmitter can be copied as a Sell trade on the Receiver, and a Sell trade can be copied as a Buy trade.

The Receiver's other lot-sizing, filtering and risk-management settings can still be configured independently.

Are Stop Loss and Take Profit levels copied?

Yes. Local Trade Copier EA MT5© can manage Stop Loss and Take Profit levels on copied trades.

Because Transmitter and Receiver execution prices can differ, the EA also provides options for controlling how TP/SL levels or their distances are handled on the Receiver.

For example, Keep Original TP/SL Distances can adjust the Receiver's TP/SL so that their point distances from the Receiver's actual opening price correspond to the original distances between the Transmitter's opening price and TP/SL.

Are trade modifications copied?

Yes. Local Trade Copier EA MT5© can synchronize trading activity including opening trades, modifying trades, partial closures and closing trades.

The exact behavior depends on the settings selected for the Receiver.

Can partial trade closures be copied?

Yes. Partial closures on the Transmitter can be reflected on the Receiver according to the copier configuration and the trading-volume limitations of the Receiver broker.

Differences in minimum lot sizes and lot steps between brokers can affect the exact volume that can be closed.

Can I use different lot multipliers for different symbols?

Yes. You can configure different lot-size multipliers for individual symbols when your setup requires different position sizing for different instruments.

This can be useful when the same Receiver copies forex pairs, indices or other instruments that require different sizing rules.

Can Local Trade Copier EA MT5© copy between accounts with different currencies?

Yes. MT5 accounts do not have to use the same account currency.

When using proportional or risk-based lot-sizing methods, make sure the selected method is appropriate for your accounts and intended risk management.

Broker contract specifications can also differ between instruments and brokers.

Does the Receiver need the same leverage as the Transmitter?

No. The Transmitter and Receiver accounts do not need to use the same leverage.

However, leverage affects the margin required to open positions. A trade that can be opened on the Transmitter may require different margin on the Receiver.

For this reason, Receiver lot sizing and available margin should be appropriate for that account.

Can the Transmitter use an investor/read-only password?

Yes. A Transmitter can operate with investor/read-only access because it only needs to monitor trading activity.

The Receiver cannot use an investor/read-only password, because it needs trading permission to open, modify and close copied trades.

Can I prevent a trade from being copied at a worse price?

Local Trade Copier EA MT5© includes Better Price settings that can control whether a Receiver trade is copied depending on the relationship between the Transmitter and Receiver prices.

Depending on the selected configuration, the copier can wait for the required price condition instead of immediately copying the trade.

Keep in mind that if the required price condition is never reached, the trade may not be copied.

Can I set different trading times for Receiver accounts?

Yes. Time and day settings can be used to control when trading activity is copied to a Receiver.

Because each Receiver is configured independently, different Receiver accounts can use different trading schedules when required.

Can Local Trade Copier EA MT5© protect a Receiver account from excessive drawdown?

Local Trade Copier EA MT5© includes account-protection and risk-management settings that can be configured on Receiver accounts.

These include controls based on factors such as daily drawdown, profit targets, equity and account-protection thresholds.

When a configured condition is reached, the EA can perform the corresponding protective action according to your settings.

These controls do not eliminate trading risk and should be configured according to the requirements of each account.

Can Local Trade Copier EA MT5© be used with prop firm accounts?

Local Trade Copier EA MT5© can technically copy trades between supported MT5 accounts, but prop firms may have different rules regarding trade copying, automated trading and account management.

Always verify the current rules of the relevant firm before using a trade copier with challenge, evaluation or funded accounts.

Can I use Local Trade Copier EA MT5© with different prop firms?

Technically, the copier can synchronize trades between supported MT5 accounts at different brokers or account providers.

However, each prop firm can have its own rules regarding copying, Expert Advisors, account ownership, trading strategies and funded-account management.

Check the current terms of each firm involved before configuring the accounts for trade copying.

Does Local Trade Copier EA MT5© require a cloud copying service?

No. Local Trade Copier EA MT5© performs trade synchronization locally between MetaTrader 5 terminals running on the same Windows computer or Windows VPS.

It does not require a separate cloud-based trade-copying service for the Transmitter and Receiver terminals to communicate with each other.

Do I need a VPS for MT5-to-MT5 trade copying?

A VPS is not mandatory. You can run the MT5 Transmitter and Receiver terminals on a Windows computer.

A Windows VPS can be useful when you want the MT5 terminals and trade copier to remain running continuously without depending on your personal computer being switched on.

The VPS should have sufficient CPU performance, RAM and storage for the number of MT5 terminals you intend to run.

Does Local Trade Copier EA MT5© require an internet connection?

Yes. Although copying between the MT5 terminals is performed locally, the MetaTrader terminals still require connectivity to their respective brokers for receiving market data and executing trading operations.

If the internet connection or broker connection is interrupted, trading operations may be delayed or unavailable until connectivity is restored.

Can I receive notifications about copied trades?

Yes. Local Trade Copier EA MT5© can use MetaTrader's email and push-notification functionality for notifications enabled in the EA settings.

Depending on your configuration, notifications can provide information about copied trades, account information and configured account-protection or emergency conditions.

Email and push notifications are optional and are not required for trade copying to work.

How many activations are included with Local Trade Copier EA MT5©?

The Local Trade Copier EA MT5© license includes 20 MQL5 Market activations.

An activation relates to the Windows computer/VPS and operating-system environment where the MQL5 Market product is activated; it does not mean that every individual MT5 trading account consumes a separate activation.

Multiple MT5 terminals and trading accounts can therefore be used on the same activated Windows environment.

Is Local Trade Copier EA MT5© a subscription?

No. Local Trade Copier EA MT5© is available as a one-time $50 purchase and includes 20 activations. There is no required monthly or annual subscription to continue using the purchased license.

Optional rental periods may also be available through MQL5 Market, but they are not required if you purchase the full license.

Need Help with Your MT5 to MT5 Trade Copier Setup?

For step-by-step setup instructions, see the MT5 to MT5 Trade Copier Installation Guide.

For detailed explanations of the available inputs and configuration options, see the Local Trade Copier EA MT5 Settings & Inputs Guide.

If your trades are not copying correctly, see the MT5 Trade Copier Troubleshooting Guide.

You can also contact me through my MQL5.com profile or company email: info@juvenille-emperor.com if you need help with your setup.

Need Assistance?

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