Prop Challenge Copier MT4/MT5 Installation Guide

This guide explains how to install and configure Local Trade Copier EA MT4/5© for copying trades between MetaTrader prop challenge accounts running on the same Windows computer or Windows VPS.

A typical setup uses one MetaTrader account as the Transmitter and one or more challenge accounts as Receivers.

The Transmitter provides the original trading activity, while each Receiver can be configured independently for its own lot sizing, trade filters, broker symbols, TP/SL handling, trading schedule and account-protection settings.

Before using a trade copier with an evaluation or funded account, always verify that your intended setup is permitted under the current rules of the relevant provider.

Before You Start

Before installing Local Trade Copier EA MT4/5© for your challenge accounts, check the following.

Confirm That Trade Copying and EAs Are Permitted

Check the current rules of every prop challenge provider whose account you intend to connect.

In particular, verify the policies concerning:

• Expert Advisors

• Automated trading

• Trade copying

• Multiple accounts

• Identical or synchronized trades

• Third-party signals or strategies

• Other relevant trading restrictions

Technical compatibility does not determine whether a particular copying arrangement is permitted.

Read: Prop Firm Challenge Rules and Trade Copiers →

Use the Same Windows Computer or Windows VPS

All MetaTrader terminals participating in the Local Trade Copier EA setup must run on the same Windows computer or the same Windows VPS.

For example:

Transmitter MT5 Terminal
↓
Local Trade Copier EA MT4/5©
↓
Challenge Receiver 1
Challenge Receiver 2
Challenge Receiver 3

All of these terminals must be installed and running in the same Windows environment.

Check Which MT4/MT5 Versions You Need

Use the following combinations:

MT4 → MT4: Local Trade Copier EA MT4©

MT5 → MT5: Local Trade Copier EA MT5©

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

Use Normal Trading Access on Receiver Accounts

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

An investor/read-only login cannot be used for a Receiver because the Receiver needs to open, modify and close trades.

A Transmitter can use investor/read-only access where appropriate because it only needs to provide the original trading information.

Compare the Broker Symbol Names

Before configuring the copier, compare the symbol names used by the Transmitter and Receiver accounts.

For example:

EURUSD → EURUSD

EURUSD+ → EURUSD

EURUSD → EURUSD.r

EURUSDm → EURUSDm

US500 → SPX500

If the names differ, configure the appropriate Receiver suffix or Special Symbol settings as explained later in this guide.

Step 1 — Install the Required MT4/MT5 Version

Local Trade Copier EA MT4/5© is available through the MQL5 Market.

Local Trade Copier EA MT4© — MQL5 Market

Local Trade Copier EA MT5© — MQL5 Market

Choose the version required by the MetaTrader terminals in your challenge-account setup.

If you are copying between MT4 and MT5, both versions are required.

Install Through Your MQL5 Account

Open the MetaTrader terminal where you want to install Local Trade Copier EA.

Go to:

Tools → Options → Community

Log in with the same MQL5 account used to purchase Local Trade Copier EA.

Important: Use your MQL5 account login/username, not your email address.

Then locate your purchase.

MT4

Go to:

Terminal → Market → Purchased

MT5

Go to:

Navigator → Market → Purchases

Find Local Trade Copier EA MT4© or Local Trade Copier EA MT5© and click Install.

Repeat this procedure in every MetaTrader terminal that will participate in the copying setup.

Important: MQL5 Market purchases must be installed through your MQL5 account in each terminal. Copying and pasting the purchased EX4/EX5 file between terminals will not work.

Step 2 — Install a Separate MetaTrader Terminal for Each Account

Each Transmitter and Receiver account should run in its own MetaTrader terminal.

For a basic two-account configuration:

Terminal 1 = Transmitter

The account you copy trades from.

Terminal 2 = Receiver

The challenge account you copy trades to.

For multiple challenge accounts:

Terminal 1 = Transmitter

Terminal 2 = Challenge Receiver 1

Terminal 3 = Challenge Receiver 2

Terminal 4 = Challenge Receiver 3

and so on.

If several accounts use the same broker, install additional copies of the broker's MT4 or MT5 terminal and select a different installation folder for each installation.

Whenever possible, use the MetaTrader terminal supplied by the broker associated with the trading account.

Remember that all participating terminals must run on the same Windows computer or Windows VPS.

Step 3 — Configure the Transmitter and Receiver Accounts

Once Local Trade Copier EA is installed in the required terminals, configure the account roles.

Configure the Transmitter

Open any chart in the Transmitter terminal and attach Local Trade Copier EA MT4/5© from the Navigator window.

Select:

Account Mode: Transmitter

The Transmitter is the account from which the original trading activity will be copied.

Configure the Receiver

Open any chart in the Receiver terminal and attach Local Trade Copier EA MT4/5©.

Select:

Account Mode: Receiver

Then enter the Transmitter account number in:

Transmitter Account Number

This tells the Receiver which Transmitter account it should follow.

If you have several challenge Receiver accounts, repeat this procedure in each Receiver terminal.

Enable Automated Trading

Make sure:

Auto Trading in MT4

or:

Algo Trading in MT5

is enabled in the participating terminals.

For your initial setup, keep the configuration simple. Configure the required lot-sizing method and any essential symbol settings first, then test the basic connection before adding more advanced filters or protection rules.

Step 4 — Configure Challenge Account Lot Sizing

One of the most important parts of a multi-account challenge setup is deciding how each Receiver should calculate its copied position size.

Do not assume that every Receiver should use the Transmitter's original lot size.

Challenge accounts may have different:

• Balances

• Equity levels

• Broker specifications

• Risk requirements

• Minimum and maximum lot sizes

• Volume steps

Local Trade Copier EA MT4/5© provides 18 lot-sizing and risk-management methods, allowing each Receiver to be configured independently.

Available approaches include:

• Fixed lot sizing

• Lot multipliers

• Balance-proportional sizing

• Equity-proportional sizing

• Risk-based calculations

• Minimum and maximum lot controls

For example, a $10,000 Receiver and a $100,000 Receiver can follow the same Transmitter activity without necessarily opening the same position size.

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

Select the required method in the Receiver's:

Lot Size Type

setting and configure the corresponding parameters.

For a detailed explanation of the available lot-sizing and risk options:

Read: Prop Challenge Copier MT4/MT5 Settings & Inputs Guide →

For a broader explanation of multi-account exposure:

Read: Prop Firm Challenge Risk Management: How to Protect Multiple Evaluation Accounts →

Step 5 — Check Broker Symbol Names

Different challenge accounts can use different brokers, and different brokers may use different names for equivalent instruments.

Before testing the copier, compare the exact symbols shown in the Transmitter and Receiver Market Watch windows.

Same Symbol Name

If both accounts use exactly the same symbol:

EURUSD → EURUSD

no suffix configuration is required.

Transmitter Uses a Suffix

If the Transmitter uses:

EURUSD+ → EURUSD

enter in the Receiver Local Trade Copier EA settings:

Suffix of the Transmitter Account: +

Receiver Uses a Suffix

If the setup is:

EURUSD → EURUSD.r

enter:

Suffix of the Receiver Account: .r

Both Accounts Use the Same Suffix

If both use:

EURUSDm → EURUSDm

enter:

Suffix of the Transmitter Account: m

and:

Suffix of the Receiver Account: m

Completely Different Symbol Names

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

For example:

US500 → SPX500

configure:

Special Symbol 1: US500,SPX500

This explicit configuration makes the intended Transmitter-to-Receiver symbol relationship clear.

Symbol mapping does not make the underlying broker conditions identical. Different accounts can still have different:

• Contract specifications

• Minimum and maximum lots

• Lot steps

• Spreads

• Execution prices

• Trading hours

Always verify the relevant instrument specifications and test the configuration before relying on it with an active challenge account.

Step 6 — Configure Receiver Risk Controls

After the basic connection, lot sizing and symbols are configured correctly, review the risk-management settings for each challenge Receiver.

Different Receiver accounts can use different settings.

Depending on your configuration, these can include:

• Daily drawdown controls

• Daily profit controls

• Equity/account protection

• Minimum and maximum lot controls

• Trading days

• Trading times

• Symbol filters

• Magic-number filters

• Comment filters

• Buy/Sell direction controls

• TP/SL handling

• Copying suspension conditions

Do not simply copy the same settings to every Receiver without considering the individual account.

Important: Copier Protection Is Not the Same as a Prop Provider's Calculation

A provider may calculate daily loss or maximum drawdown according to its own rules involving factors such as balance, equity, floating P/L, reset times or other conditions.

Local Trade Copier EA's protection settings are configurable risk-management tools.

They should not be interpreted as a guarantee that a prop provider's corresponding limit cannot be exceeded.

Understand the provider's calculation separately and configure the Receiver according to your intended risk-management plan.

Read: Prop Firm Challenge Risk Management: How to Protect Multiple Evaluation Accounts →

Step 7 — Test the Complete Setup

Do not rely on the configuration with an active prop challenge until you have tested how it behaves.

Whenever practical, test the intended configuration first using MetaTrader demo accounts.

Test the Basic Connection

Open a small trade on the Transmitter.

Confirm that the corresponding trade appears on the Receiver.

Then close the Transmitter trade and verify that the copied Receiver position also closes.

Test Position Sizing

Confirm that every Receiver opens the intended volume.

If several Receivers use different lot-sizing methods, test each one separately.

Test Pending Orders

If your strategy uses pending orders, confirm that they are handled according to your selected configuration.

Local Trade Copier EA can copy pending orders directly or, depending on the selected settings, avoid copying the pending order itself and copy the resulting position as a market trade when the original pending order is triggered on the Transmitter.

Test TP/SL

Verify initial Stop Loss and Take Profit handling and subsequent modifications.

Test Partial Closures

Partially close a Transmitter position and confirm that the Receiver responds as intended.

Test Trade Filters

If you use symbol, magic-number, comment, direction, time or other filters, confirm that permitted trades are copied and excluded trades remain excluded.

Test Symbol Mapping

Test every broker symbol difference you have configured.

Do not assume that because EURUSD works, a differently named index or metal is also configured correctly.

Test Receiver Protection

Verify how the Receiver behaves when your configured protection conditions are reached.

Test Multiple Receivers

If several challenge accounts are connected, confirm that every Receiver behaves according to its own settings.

The purpose of testing is to identify configuration or technical problems before relying on the setup with an active evaluation account.

Quick Setup Summary

For a basic configuration:

1. Install the required Local Trade Copier EA MT4© and/or MT5© version.

2. Install a separate MetaTrader terminal for every Transmitter and Receiver account.

3. Keep all participating terminals on the same Windows computer or Windows VPS.

4. Attach Local Trade Copier EA to one chart in each terminal.

5. Set the source account to:

Account Mode: Transmitter

6. Set each challenge account to:

Account Mode: Receiver

7. Enter the correct:

Transmitter Account Number

in every Receiver.

8. Configure the appropriate Receiver lot-sizing method.

9. Configure symbol suffixes or Special Symbols where required.

10. Configure the required Receiver risk controls.

11. Enable Auto Trading / Algo Trading.

12. Test the complete configuration before relying on it with an active challenge account.

If Trades Are Not Copying

If the first test does not work, check these basic items:

1. Is Local Trade Copier EA attached and running in both 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 Auto Trading / Algo Trading enabled?

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

6. Have you checked whether the Transmitter and Receiver use different symbol names?

7. Check the Receiver terminal's Experts and Journal tabs for the actual messages or errors reported.

Do not assume the cause of an error without first checking the available diagnostic information.

For detailed diagnosis and solutions:

Read: Prop Challenge Copier MT4/MT5 Troubleshooting Guide →

Need Help with Your Prop Challenge Copier Setup?

If you need assistance with:

• Installing Local Trade Copier EA MT4/5©

• Configuring Transmitter and Receiver terminals

• Selecting the appropriate MT4/MT5 versions

• Lot-sizing configuration

• Broker symbol differences

• Trade filters

• Account-protection settings

• Troubleshooting

you can contact us through our MQL5 developer profile or company email.

MQL5 Developer Profile: https://www.mql5.com/en/users/eleanna74

Email: info@juvenille-emperor.com

We typically respond within a few hours, seven days a week, including public holidays.

Continue Setting Up Your Prop Challenge Copier

Prop Challenge Copier MT4/MT5 Settings & Inputs Guide

Review the complete Local Trade Copier EA settings for lot sizing, trade filters, symbol mapping, TP/SL management, trading schedules and Receiver protection.

View the Settings & Inputs Guide →

Prop Challenge Copier MT4/MT5 Troubleshooting Guide

Diagnose trades that are not copying, incorrect lot sizes, broker symbol differences, pending-order issues, TP/SL problems and multi-Receiver synchronization issues.

View the Troubleshooting Guide →

Free Prop Challenge Copier Demo for MT4 & MT5

Test Local Trade Copier EA MT4/5© on MetaTrader demo accounts before purchasing or using the setup with an active challenge account.

Try the Free Demo →

How to Copy Trades Across Multiple Prop Challenge Accounts with MT4/MT5

Learn how to structure a complete multi-account Transmitter and Receiver workflow.

Read the Multiple Prop Challenge Accounts Guide →

Optional: Email & Push Notifications Setup

After installing Local Trade Copier EA MT4/5©, you can optionally configure MetaTrader to send email and push notifications.

Depending on the notification settings you enable in Local Trade Copier EA MT4/5©, 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 trade copying to work.

How to Set Up Email Notifications

In your MT4 or MT5 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 to sign in using your normal account password.

If MetaTrader 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 → 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:

Terminal/Toolbox → Journal

If the configuration is working correctly, MetaTrader 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 email test works, Local Trade Copier EA MT4/5© 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 MT4/5© to send notifications from your desktop MetaTrader terminal to the MetaTrader mobile app on your phone or tablet.

In your desktop MT4 or MT5 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 → 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 push notifications are configured correctly.

Avoid Duplicate Trade Notifications

If you enable transaction push notifications inside Local Trade Copier EA MT4/5©, 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 MT4/5© or MetaTrader's general trade-transaction notification option according to your preference.

Have any questions?

Reach out to us through the contact page, and we’ll respond as soon as possible.