How to Install an MT5 to MT5 Trade Copier

If you need help with your setup, please contact me through my MQL5.com profile or my company email and I will be happy to assist you with your setup.

Contact me on MQL5.com     |     Company email: info@juvenille-emperor.com

Setting up Local Trade Copier EA MT5© for MT5-to-MT5 trade copying is simple. Follow the steps below to purchase, install and connect your MetaTrader 5 Transmitter and Receiver accounts on the same Windows computer or Windows VPS.

Local Trade Copier EA MT5©: MQL5 Market – MT5 Version

For MT5-to-MT5 copying, Local Trade Copier EA MT5© is the only version you need. If you later want to copy between MT4 and MT5 terminals, you will need both MT5 and MT4 versions.

Quick MT5 to MT5 Setup

For a basic MT5-to-MT5 setup you need 2 MetaTrader 5 terminals running on the same Windows computer or Windows VPS:

Terminal 1 = MT5 Transmitter account — the account you copy trades from.

Terminal 2 = MT5 Receiver account — the account you copy trades to.

Then:

1. Purchase Local Trade Copier EA MT5© from MQL5.com Market.

2. Install the EA through your MQL5 account in both MetaTrader 5 terminals.

3. Attach Local Trade Copier EA MT5© to one chart in each terminal.

4. Set the first MT5 account as Transmitter.

5. Set the second MT5 account as Receiver and enter the Transmitter account number.

6. Enable Algo Trading and open a small test trade on the Transmitter.

If the trade appears on the Receiver, your basic MT5-to-MT5 trade copier setup is complete.

Which Version Do I Need?

For the MT5-to-MT5 setup covered by this guide:

MT5 → MT5: Local Trade Copier EA MT5©

You do not need the MT4 version when both your Transmitter and Receiver terminals use MetaTrader 5.

If you also want to use cross-platform or MT4 copying:

MT4 → MT4: Local Trade Copier EA MT4©

MT4 → MT5: Local Trade Copier EA MT4© + Local Trade Copier EA MT5©

MT5 → MT4: Local Trade Copier EA MT5© + Local Trade Copier EA MT4©

If your setup contains both MT4 and MT5 terminals, you need both versions.

1. Purchase Local Trade Copier EA MT5©

Log in to your MQL5.com account and open the Local Trade Copier EA MT5© product page.

Click Buy and complete your purchase.

After the purchase is complete, open the MetaTrader 5 terminal where you want to install the EA.

2. Install Local Trade Copier EA MT5© in MetaTrader 5

In MetaTrader 5 go to:

Tools → Options → Community

Log in with the same MQL5 account that you used to purchase Local Trade Copier EA MT5©.

Important: Log in using your MQL5 account login/username, not your email address.

Then find your purchase:

MT5: Navigator → Market → Purchases

Find Local Trade Copier EA MT5© and click Install.

The MT4 installation path is:

MT4: Terminal → Market → Purchased

This is only needed if you are also using the MT4 version for MT4-to-MT4 or cross-platform MT4↔MT5 copying.

Repeat this procedure in every MetaTrader 5 terminal that you want to use for MT5-to-MT5 trade copying.

Important: MQL5 Market purchases must be installed through your MQL5 account in each terminal. Copying and pasting the purchased EX5 file between terminals will not work.

3. Install a Second MetaTrader 5 Terminal

For a basic MT5-to-MT5 copier setup, you need one MetaTrader 5 terminal for the Transmitter account and another MetaTrader 5 terminal for the Receiver account.

Both terminals must run on the same Windows computer or Windows VPS.

If both accounts use the same broker, install a second copy of the broker's MT5 terminal and select a different installation folder during installation.

Whenever possible, use the MetaTrader 5 terminal provided by the broker of the trading account you are using.

4. Set Up the MT5 Transmitter and Receiver

Open any chart in your MT5 Transmitter terminal and attach Local Trade Copier EA MT5© from the Navigator window.

Select:

Account Mode: Transmitter

The Transmitter is the MT5 account from which the original trades will be copied.

Now open any chart in your MT5 Receiver terminal and attach Local Trade Copier EA MT5©.

Select:

Account Mode: Receiver

and enter the Transmitter account number in the:

Transmitter Account Number

setting.

For your first test, select the lot-size option you want to use in the:

Lot Size Type

setting and leave the other settings at their default values unless your setup requires something different.

Make sure Algo Trading is enabled in both MT5 terminals.

5. Check Your MT5 Symbol Names

When copying between MT5 accounts, check the symbol names used by the Transmitter and Receiver brokers.

If the Transmitter and Receiver use the same symbol names without suffixes, for example:

EURUSD → EURUSD

you do not need to configure a symbol suffix.

If the Transmitter uses a + suffix:

EURUSD+ → EURUSD

enter in the Receiver Local Trade Copier EA MT5© settings:

Suffix of the Transmitter Account: +

If the Receiver uses a suffix:

EURUSD → EURUSD.r

enter in the Receiver Local Trade Copier EA MT5© settings:

Suffix of the Receiver Account: .r

If both Transmitter and Receiver use the same suffix:

EURUSDm → EURUSDm

enter in the Receiver Local Trade Copier EA MT5© settings:

Suffix of the Transmitter Account: m

Suffix of the Receiver Account: m

If the corresponding instruments have substantially different names, use the Special Symbol settings.

Example:

US500 → SPX500

Special Symbol 1: US500,SPX500

6. Make Your First MT5 to MT5 Test

Open a small trade on the MT5 Transmitter account.

Check that the corresponding trade appears on the MT5 Receiver account.

Then close the original Transmitter trade and confirm that the copied Receiver trade also closes.

If this works, your MT5-to-MT5 Local Trade Copier EA setup is ready.

You can now configure your preferred lot sizing, trade filters, symbol mapping, TP/SL options, account protection and other Receiver settings.

For detailed explanations of all available settings, see the Local Trade Copier EA MT5 Inputs & Settings Guide.

Copying to Multiple MT5 Receiver Accounts

Once your first MT5-to-MT5 connection is working correctly, you can expand your setup by adding additional MetaTrader 5 Receiver accounts on the same Windows computer or Windows VPS.

Each Receiver can use its own:

• Lot sizing and risk settings

• Trade filters

• Symbol mapping

• TP/SL and trade-management settings

• Account-protection settings

This allows one MT5 Transmitter to synchronize trading activity with multiple MT5 Receiver accounts while each Receiver maintains its own independent configuration.

If MT5 Trades Are Not Copying

Check these first:

1. Is Local Trade Copier EA MT5© attached and running in both MT5 terminals?

2. Is one EA configured as Transmitter and the other as Receiver?

3. Is the correct Transmitter Account Number entered in the Receiver?

4. Is Algo Trading enabled in both MT5 terminals?

5. Is the Receiver logged in with its normal trading password rather than an investor/read-only password?

6. Do the Transmitter and Receiver brokers use different symbol names?

7. Check the Experts and Journal tabs of the Receiver terminal for messages or errors.

For additional solutions, see the MT5 Trade Copier Troubleshooting Guide.

If you need help with your setup, please contact me through my MQL5.com profile or my company email and I will be happy to assist you with your setup.

Contact me on MQL5.com     |     Company email: info@juvenille-emperor.com

Try the Free MT5 Trade Copier Demo

You can test Local Trade Copier EA MT5© between MetaTrader 5 demo accounts before purchasing.

Download Local Trade Copier EA MT5© Free Demo

Download the MT5 free demo file and place it in:

MT5: File → Open Data Folder → MQL5 → Experts

Restart MetaTrader 5 and attach the demo EA to a chart.

The free demo is fully functional for up to 4 hours at a time on demo accounts only.

To reset the demo period:

Tools → Global Variables → Ctrl+A → Delete

Important: Only use this reset procedure in a non-essential demo terminal. Deleting MetaTrader Global Variables can affect other Expert Advisors or systems that use them. Do not perform this procedure on a prop-firm challenge account, an important live terminal or any MetaTrader installation containing Global Variables you need to preserve.

If you also want to test MT4-to-MT5 or MT5-to-MT4 copying, you can use the MT4 and MT5 demo versions together:

Download Local Trade Copier EA MT4© Free Demo

Optional: Email & Push Notifications Setup

After installing Local Trade Copier EA MT5©, you can optionally configure MetaTrader 5 to send email and push notifications.

Depending on the notification settings you enable in Local Trade Copier EA MT5©, you can receive notifications about copied trades, account information and configured account-protection or emergency conditions.

These notifications are optional and are not required for MT5-to-MT5 trade copying to work.

How to Set Up Email Notifications

In your MetaTrader 5 terminal, go to:

Tools → Options → Email

Enable email notifications and enter the SMTP details for your email provider.

You will normally need to enter:

SMTP Server: Your email provider's outgoing SMTP server and port.

SMTP Login: Your full email address, for example:

johnsmith@gmail.com

SMTP Password: The App Password or other SMTP password required by your email provider.

From: Your sender email address.

To: The email address where you want to receive the notifications.

Common SMTP Server Settings

Some commonly used SMTP settings are:

Gmail: smtp.gmail.com:465 or smtp.gmail.com:587

Outlook/Hotmail: smtp-mail.outlook.com:587

Yahoo: smtp.mail.yahoo.com:465

iCloud: smtp.mail.me.com:587

Mail.com: smtp.mail.com:465

Zoho Mail: smtp.zoho.com:465

GMX: smtp.gmx.com:465

Your email provider may change its SMTP or security requirements, so if these settings do not work, check the current SMTP instructions provided by your email service.

Important: Your Normal Email Password May Not Work

Many email providers no longer allow applications such as MetaTrader 5 to sign in using your normal account password.

If MetaTrader 5 cannot send email even though your SMTP settings are correct, your email provider may require an App Password.

An App Password is a separate password generated specifically for applications such as MetaTrader. Your normal email password remains unchanged.

Gmail Example: Create an App Password

For Gmail, you normally need to have 2-Step Verification enabled before you can create an App Password.

1. Sign in to your Google Account.

2. Make sure 2-Step Verification is enabled.

3. Open the App Passwords section of your Google Account.

4. Create a new App Password for MetaTrader.

5. Copy the generated App Password.

Then return to:

MetaTrader 5 → Tools → Options → Email

and enter:

SMTP Server: smtp.gmail.com:587

SMTP Login: Your full Gmail address

SMTP Password: Your generated App Password

From: Your email address

To: The email address where you want to receive notifications

Do not enter your normal Gmail password in the SMTP Password field when Google requires an App Password.

Test Your Email Settings

After entering your details, click Test in MetaTrader's Email settings.

Then open:

Toolbox → Journal

If the configuration is working correctly, MetaTrader 5 should report that the test email was sent.

If the test fails, check:

• the SMTP server and port

• your full email address

• the App Password

• that no spaces were accidentally copied before or after the password

• your email provider's current SMTP and security requirements

Once the MetaTrader 5 email test works, Local Trade Copier EA MT5© can use MetaTrader's email functionality for the email notifications you enable in the EA settings.

How to Set Up Push Notifications

Push notifications allow Local Trade Copier EA MT5© to send notifications from your desktop MetaTrader 5 terminal to the MetaTrader mobile app on your phone or tablet.

In your desktop MetaTrader 5 terminal, go to:

Tools → Options → Notifications

Enable push notifications and enter your MetaQuotes ID.

How to Find Your MetaQuotes ID

Open the MetaTrader mobile app on your phone or tablet and go to:

Settings → Messages

Your MetaQuotes ID is displayed there.

Enter this ID in:

Desktop MetaTrader 5 → Tools → Options → Notifications

You can then use the Test button to send a test notification to your mobile device.

If the test notification appears on your phone or tablet, your MetaTrader 5 push notifications are configured correctly.

Avoid Duplicate Trade Notifications

If you enable transaction push notifications inside Local Trade Copier EA MT5©, do not also enable MetaTrader's:

Notify of trade transactions

option.

Otherwise, you may receive two notifications for the same trading transaction.

Use either the notification functionality configured through Local Trade Copier EA MT5© or MetaTrader's general trade-transaction notification option according to your preference.

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