Local Trade Copier EA 4.0

125d

Local Trade Copier EA 4.0

Effortlessly manage multiple trading accounts
PZ Local Trade Copier EA is the solution for professional traders and account managers who need to manage multiple trading accounts efficiently. This innovative software allows you to copy trades from one or many trading accounts to one or many trading accounts, relieving you from the hassle of handling and trading multiple accounts.

The Local Trade Copier EA is 100% self-hosted, easy to install and use, and works exactly as you would expect. It is compatible with both MT4 and MT5 platforms, and can copy trades from demo to live accounts and vice versa. With up to 8 master accounts and unlimited slave accounts, this software supports all types of broker execution, including DD/NDD/ECN/STP.

The PZ Local Trade Copier EA is equipped with a range of features to make your trading experience as smooth and efficient as possible. It includes trade filters by magic number and order comment, the option to copy SL and TP levels, pending orders, and trades with SL only. With reverse mode and partial close supported, you can customize your trade size using fixed lot, multiplier, proportional, or proportional with multiplier.

In conclusion, the PZ Local Trade Copier EA is a simple and reliable tool that offers you all the features you’ll ever need to manage multiple trading accounts with ease. With flexible trade size and symbol translation inputs for commodities and indexes, this software is the perfect solution for any money manager or professional trader looking to streamline their trading operations.

Benefits
It is 100% self hosted
It is very easy to install and use
Works exactly as you would expect
It can copy from MT4 to MT5 and vice-versa
It can copy from demo to live accounts and vice-versa
No installer, config files, servers or memory pipes
Local and fast execution only limited by the hard-drive r/w rates
Features
Up to 8 master accounts and unlimited slave accounts
Works with all brokers and DD/NDD/ECN/STP execution
Works with accounts with different account currencies
Works between live and demo accounts indistinctively
Symbol translation inputs for commodities and indexes
Supports suffix in symbol names in master and slave accounts
The copier won’t interfere with other trades in the slave accounts
Trade filters by magic number and order comment
Optionally copy SL and TP levels
Optionally copy pending orders
Optionally copy only trades with SL
Reverse mode available
Partial close supported
Flexible trade size:
– Fixed lot
– Multiplier
– Proportional
– Proportional with multiplier
The EA can copy trades using the investor or the master password of any account.

How to copy trades from one master account to one or many slave accounts
Install the Local Trade Copier EA in the source terminal
Load the EA to any chart and select “MASTER” as behavior
Install the Local Trade Copier EA in the receiver terminal or terminals
Load the EA to any chart and select “SLAVE” as behavior
That’s it! Trades will be copied from the master account to the slave account(s).

How to copy trades from many master accounts to one or more slave accounts
Install the Local Trade Copier EA in all the source and receiver terminals.
Load the EA in all the master accounts and select a different “channel” input for each one.
Load the EA many times in the slave account using different charts. Create as many instances of the EA as you need to read from all the channels created by the master accounts. For instance, if you loaded the EA in four master accounts using channels 1, 2, 3 and 4, then you need to load the EA four times in the slave account, each instance reading from a different channel, from 1 to 4.
You could create more slave accounts by repeating the previous step in other terminals.
That’s it! The slave account(s) will mirror the trading activity of all the master accounts.

Attention to…
Load the EA just once per terminal.
Use a different channel parameter for each master account.
Do not login to another account when the EA is operating.
Do not copy trades from a nfa-fifo account to a non-nfa-fifo account.
If you unload the EA from any terminal, all trades will be left unattended.
Do not use the investor password in the receiver account, it won’t trade.
If the receiver account has a suffix in symbol names, for example “EURUSD.fx”, you must type “.fx” in the “suffix” parameter.
Recommended Settings
The default parameters of the EA will copy trades from master to slave accounts with the most reliability. By default, the EA will not copy pending orders, stop-loss and take-profit levels to avoid missmatches between the trading activity of the master and slave accounts. However, you can adjust this behavior at your own risk using the input parameters of the EA.

Licensing
One license allows usage from three different computers or VPS per natural day. The license is silent and checked just once a day, when the EA loads in the master account. You can have unlimited slave accounts. You won’t notice you are using a licensed expert advisor. On the other hand, if you get the EA from the mql5.com app store, you’ll get 1,000 activations, meaning the EA can be installed in a thousand different Metatrader terminals.

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

Behavior
Choose MASTER for source accounts and SLAVE for receiver accounts.
Channel
Choose a channel to transmit trades on. From 1 to 8.
Copy from…
Choose Metatrader4 or Metatrader5 depending on where you have loaded the Master Instance.
Lotsize Type
Choose how to EA sets the lotsizes in the slave account. Options are fixed lotsize, Multiplier, Proportional or Proportional with multiplier. Default and safest option is Proportional.
Fixed Lotsize
Trade size for all trades if “fixed lotsize” is chosen in the above parameter.
Multiplier
Lotsize multiplier applied to all trades if enabled in the inputs above.
Reverse Mode
If enabled, the slave accounts will trade exactly the opposite of the master account. This is particularly useful to copy a really bad trader and profit from its mistakes.
Copy SL and TP
If enabled, the slave will copy the stop-loss and take-profit levels for all orders.
Copy Pending Orders
If enabled, the slave account will copy pending orders from the master account.
Slave Symbol Prefix
If needed, you can type the symbol prefix for all symbols.
Slave Symbol Suffix
If needed, you can type the symbol suffix for all symbols.
Symbol Translation
Accept different symbol names for identical instruments, separated by commas. Example: “US500=SP500=SPX500,GOLD=XAUUSD”
Filter by Magic Number
Only copy trades from the master account with a particular magic number.
Filter by Comment
Only copy trades from the master account with a particular order comment.
Master Symbol Prefix
If needed, you can type the symbol prefix for all symbols.
Master Symbol Suffix
If needed, you can type the symbol suffix for all symbols.
Magic Number
Magic number used to trade in the slave account.
Slippage
Maximum slippage for the orders in the slave account.