MT4 - Local Trade Copier EA

MT4 Local Trade Copier EA Product Overview

• [System Overview]
• This system consists of two EAs designed to synchronize orders between MT4 accounts:
• 1. MT4 Server-V2.0.ex4 - Installed on the master account (signal provider) to send trading signals.
• 2. MT4 Receiver-V2.0.ex4 - Installed on the follower account to receive and copy trading signals.

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• 1. Signal Provider (Master) EA User Manual (MT4 Server-V2.0.ex4)
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• [Core Features]
• - Automatically monitors all orders on the master account (including market orders and pending orders)
• - Supports multiple receiver accounts receiving signals simultaneously
• - Supports Stop Loss (SL) and Take Profit (TP) synchronization
• - Supports recording trigger prices for pending orders

[Parameter Settings]
__Symbol Name First 6 Chars Only: Recommended to enable (1) to avoid symbol suffix differences across different broker platforms.

• [Important Notes]
• - The Master EA must run continuously for real-time synchronization.
• - Running on a VPS is recommended to ensure maximum stability.

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• 2. Copier (Receiver) EA User Manual (MT4 Receiver-V2.0.mq4)
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• [Core Features]
• - Real-time copying of master account trades
• - Supports reverse copying (Sell becomes Buy, Buy becomes Sell)
• - Supports lot size multiplier (proportional) or fixed lot size copying
• - Supports symbol name mapping
• - Automatically converts to market orders if pending orders fail
• - Smart order completion/recovery mechanism

[Important Parameter Details]

• 1. Basic Settings
• - __Master Account Number: Enter the master account's MT4 account number (Required)
• - Magic Number: Identification code for copied orders; setting a unique value is recommended

• 2. Copying Toggles
• - Copy Market Orders Switch: Whether to copy market orders (Buy/Sell)
• - Copy Pending Orders Switch: Whether to copy pending orders (Limit/Stop orders)
• - Copy Close Orders Switch: Whether to synchronize trade closing operations
• - Copy SL/TP Switch: Whether to synchronize Stop Loss and Take Profit modifications

• 3. Lot Size Settings
• - Lot Size Type:
• * Proportional Lots: Copy proportionally (e.g., if Master opens 0.1 lot with a multiplier of 2, Receiver opens 0.2 lots)
• * Custom Lots: Copy using a fixed lot size
• - Lot Multiplier: Multiplier value for proportional copying (Default: 1)
• - Fixed Lots: Fixed lot size when using custom lots (Default: 0.01)

• 4. Reverse Copying
• - Reverse Copy = false: Normal copying (Buy to Buy, Sell to Sell)
• - Reverse Copy = true: Reverse copying (Buy becomes Sell, Sell becomes Buy)
• - SL and TP are automatically swapped during reverse copying

• 5. Symbol Mapping
• - Format: SourceSymbol|TargetSymbol, separated by commas for multiple pairs
• - Example: XAUUSD|GOLD_,EURUSD|EURUSD.
• - Purpose: Resolves symbol naming differences between different platforms/brokers

• 6. Order Recovery Mechanism
• - Check Interval (Seconds): Interval for checking pending order status (Default: 10 seconds)
• - Order Delay (Seconds): Waiting time after a pending order is executed (Default: 5 seconds)
• - Function: Automatically opens a market order if a pending order execution is missed

• 7. Other Parameters
• - __Symbol Suffix: Uniformly add a symbol suffix (e.g., .m)
• - Max Allowed Slippage: Maximum allowed slippage for market orders (Default: 900 points)

• [Workflow]
• 1. Automatically opens a position when a new order is detected
• 2. Automatically closes the position when a trade close is detected
• 3. Automatically modifies SL/TP when changes are detected
• 4. Automatically converts to a market order if a pending order fails
• 5. Periodically checks pending order status and places missing orders

• [Reverse Copying Details]
• When reverse copying is enabled:
• - Buy → Sell
• - Sell → Buy
• - Buy Limit → Sell Stop
• - Sell Limit → Buy Stop
• - Buy Stop → Sell Limit
• - Sell Stop → Buy Limit
• - SL and TP are automatically swapped (Master SL becomes Receiver TP, Master TP becomes Receiver SL)

• [Automatic Symbol Matching]
• The system features a built-in smart symbol matching function:
• - Automatically recognizes common symbols (Gold, EURUSD, GBPUSD, USDJPY, etc.)
• - Automatically strips symbol suffixes (such as c, z, #, ., numbers, etc.)
• - Supports custom mapping rules
• - Falls back to Source Symbol + Suffix if auto-matching fails

• [Status Display]
• The EA displays its operating status in the top-left corner of the chart:
• - "Master EA Version Error" - Red: Version mismatch
• - "Master Account Data Not Updated" - Red: Data has not updated for over 5 seconds
• - "Copier Working Normally..." - Blue: Running properly

• [Frequently Asked Questions]
• Q1: Displays "Not connected to master account"?
• A1: Check if the Master EA is running properly.

Q2: Incorrect lot size copied?
A2: Check the "Lot Size Type", "Lot Multiplier", and "Fixed Lots" settings.

Q3: Symbol names do not match?
A3: Use the "Symbol Mapping" parameter or the "__Symbol Suffix" parameter.

Q4: Pending orders are not copied?
A4: Check if the "Copy Pending Orders Switch" is enabled, or wait for the order recovery mechanism to trigger.

Q5: Incorrect SL/TP during reverse copying?
A5: The system automatically swaps them, so no manual adjustment is needed.

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• 3. Usage Scenario Examples
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• [Scenario 1: Single Account Copying]
• Master Account: 12345 (Master EA installed)
• Receiver Account: 67890 (Copier EA installed, __Master Account Number=12345)

• [Scenario 2: Multi-Account Copying]
• Master Account: 12345 (Master EA installed)
• Receiver Account 1: 67890 (Copier EA installed, __Master Account Number=12345)
• Receiver Account 2: 11111 (Copier EA installed, __Master Account Number=12345)

• [Scenario 3: Reverse Copying]
• Master Account: 12345 (Master EA installed)
• Receiver Account: 67890 (Copier EA installed, __Master Account Number=12345, Reverse Copy=true)

• [Scenario 4: Proportional Copying]
• Master opens 0.1 lot → Receiver opens 0.2 lots
• Settings: Lot Size Type = Proportional Lots, Lot Multiplier = 2

• [Scenario 5: Fixed Lot Copying]
• Regardless of the master account lot size, the receiver account always opens 0.01 lots
• Settings: Lot Size Type = Custom Lots, Fixed Lots = 0.01

Use Cases

This product is ideal for traders looking to copy trades across MT4/MT5 platforms for strategy testing, chart analysis, account management, or automated trading support. It is highly recommended to test all parameters and compatibility in a demo account environment before live trading.