Let me walk you through all the parameters that you will find in the Client EA of the Local Trade Copier. You will see those settings once you attach the Client EA to the chart.

Useful read: How Forex Trade Copier Works on MT4. A simple step-by-step explanation of how to use a trade copier on MetaTrader 4.

Now let’s get to the settings of the Client EA.

Each Local Trade Copier license is limited to work on a certain number of computers, but we do not limit the number of MT4 terminals on each computer. There are two types of License Activation systems, online, and offline.

Finally, after quite a while, the new Local Trade Copier version 2.9.7 for MT4 has been released. I’ve added new features to the MT4 copier and also upgraded some existing features as well.

Local Trade Copier for MT4 allows you to control the lot size on the client account in many ways. The software has many parameters to control the lot allocation. You can copy trades at the same percentage risk even when master and client accounts are of different size and different deposit currency or you can copy trades at your own set fixed lot size. You also have the ability to copy trades with the same lot size no matter what or choose one of few more advanced risk control settings.

In this tutorial, Rimantas explains how anyone can download and install two or more MT5 trading terminals and copy trades from one MT5 account to another MT5 account using the MT5 Trade Copier software.

On October 15th, 2020, I have released a trade copier software for the MetaTrader 5 and named it MT5 Trade Copier by Rimantas Petrauskas. Metatrader 5 is not that popular yet, but I see the demand is rising year after year. And the best part is that if you purchase both trade copiers from me, for MT4 and MT5 platforms, you can copy trades from MT4 to MT5 and MT5 to MT4 as well.

I must admit that I haven’t seen nano lots for a long time and did not expect any Forex broker to use them. But it appears that Deriv Forex broker is offering nano lots in their MT5 accounts. The MT5 Trade Copier had issues dealing with that and produced unexpected results. Now with the new version 1.0.5 released on 2021-07-20, this is no longer a problem.