How to Install a Prop Firm Trade Copier on MT4 & MT5

Copy trades between prop firm challenge, evaluation and funded MetaTrader accounts using Local Trade Copier EA MT4/5©.

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

Contact: https://www.mql5.com/en/users/eleanna74

Company email: info@juvenille-emperor.com

Quick Answer

A prop firm trade copier lets you synchronize trades between MetaTrader accounts running on the same Windows computer or Windows VPS. Local Trade Copier EA MT4/5© allows each Receiver account to use its own lot sizing, risk management, trade filtering and account-protection settings, making it suitable for challenge, evaluation and funded-account setups where different accounts may require different risk configurations.

Quick Setup

For a basic setup, you need 2 MetaTrader terminals.

• Terminal 1 = Transmitter — the account where the original trades are opened.

• Terminal 2 = Receiver — the prop firm account that receives the copied trades.

Then:

1. Purchase the required MT4 and/or MT5 version.

2. Install it through your MQL5 account in both terminals.

3. Attach the EA to a chart in each terminal.

4. Set one account as Transmitter.

5. Set the prop firm account as Receiver.

6. Enable Auto/Algo Trading.

7. Open a small test trade.

If the trade appears on the Receiver account, the basic setup is complete.

Which Version Do I Need?

MT4 → MT4: Local Trade Copier EA MT4©

MT5 → MT5: Local Trade Copier EA MT5©

MT4 → MT5: Both MT4 and MT5 versions

MT5 → MT4: Both MT4 and MT5 versions

Cross-platform copying requires both versions installed.

Step 1 – Purchase Local Trade Copier EA

Purchase the required version from MQL5 Market.

✔️ Local Trade Copier EA MT4©: MT4 MQL5 Market Version

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

Step 2 – Install the EA in MetaTrader

In MetaTrader:

Tools → Options → Community

Log in using the same MQL5 account that purchased the product.

Important: Use your MQL5 username, not your email address.

Then install it from:

MT4: Terminal → Market → Purchased

MT5: Navigator → Market → Purchases

Install the EA in both terminals.

Step 3 – Install a Second MetaTrader Terminal

Most prop firm traders run at least two terminals.

If both accounts use the same broker, install a second copy of the MT4 or MT5 terminal into a different installation folder.

Whenever possible, use the MetaTrader terminal provided by the broker of each account.

Step 4 – Configure the Transmitter and the Prop Firm Receiver

On the first terminal:

Account Mode: Transmitter

On the prop firm terminal:

Account Mode: Receiver

Enter:

Transmitter Account Number

Choose your preferred:

Lot Size Type

For the first test, leave the remaining settings at their default values.

Enable Auto Trading / Algo Trading in both terminals.

Step 5 – Check Your Prop Firm Symbol Names

Different prop firms and brokers may use different symbol names.

If both accounts use:

EURUSD → EURUSD

No suffix configuration is needed.

If the Transmitter uses:

EURUSD+ → EURUSD

Receiver setting:

Suffix of the Transmitter Account: +

If the Receiver uses:

EURUSD → EURUSD.r

Receiver setting:

Suffix of the Receiver Account: .r

If both use:

EURUSDm → EURUSDm

Receiver settings:

Suffix of the Transmitter Account: m

Suffix of the Receiver Account: m

For different instrument names:

Example:

US500 → SPX500

Use in the receiver settings:

Special Symbol 1: US500,SPX500

Step 6 – Test Your Prop Firm Copier

Open a small trade on the Transmitter account.

Verify that:

• the trade appears on the Receiver

• modifications synchronize

• the copied trade closes correctly

Once confirmed, you can configure Receiver-specific risk settings.

For detailed settings configurations: Local Trade Copier EA MT4/5© Settings Guide

Prop Firm Risk Configuration

One advantage of Local Trade Copier EA MT4/5© is that each Receiver account can use its own independent settings.

Examples include:

• different lot sizes

• different risk percentages

• daily drawdown controls

• daily profit limits

• emergency account protection

• Receiver-specific copying restrictions

This allows the same trading activity to be synchronized while each prop firm account follows its own configuration.

If Trades Are Not Copying

Check:

• EA attached in both terminals.

• Correct Transmitter and Receiver modes.

• Correct Transmitter Account Number.

• Auto / Algo Trading enabled.

• Receiver logged in with a trading password.

• Symbol names configured correctly.

• Experts and Journal tabs for messages.

For more solutions: Local Trade Copier EA MT4/5© Troubleshooting Guide

Try the Free Demo

Test the copier before purchasing.

MT4 Demo

MT5 Demo

Install into:

MT4: File → Open Data Folder → MQL4 → Experts

MT5: File → Open Data Folder → MQL5 → Experts

Restart MetaTrader.

The demo works for 4 hours at a time on demo accounts only.

Reset:

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, evaluation or funded-account terminal, an important live terminal, or any MetaTrader installation containing Global Variables you need to preserve.

The demo is intended to help you test and understand your copier configuration in a safe demo environment before using the corresponding settings with other accounts.

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 can be useful when monitoring multiple accounts, including prop firm setups, but they 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.

For prop firm setups, you can then configure the Local Trade Copier EA notification options according to the account information and protection conditions you want to monitor.

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.

This can be particularly useful when you are running multiple Receiver accounts on a Windows computer or VPS and want selected notifications to reach your mobile device.

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?

Feel free to send us a message via our contact page, and we’ll respond to you as quickly as possible.