This MetaTrader 4 expert advisor functions as a local trade copier, allowing users to replicate trades from one terminal to another. It operates by sharing a data file between a master and a slave instance on the same computer or filesystem. The slave EA manages order execution, including market, limit, and stop orders
Copier & bridge · MT4
Metatrader Copy Trader
This MetaTrader 4 expert advisor system facilitates local trade copying between different terminals using shared CSV files.
GitHub stars1
Forks1
Last update1 year ago23 Jul 2025
LicenceMIT
Overview
Metatrader Copy Trader consists of a master EA to broadcast trades and a follower EA to execute them. The follower includes flexible risk management such as percentage-based lot sizing, daily loss limits, and a lot multiplier. Users can override the master's stop loss and take profit levels or use trailing stops. The system supports skipping initial trades and handles trade closures automatically. It requires file access across terminals on the same machine.
- Local terminal-to-terminal copying via CSV
- Risk-based position sizing and lot multipliers
- Custom stop loss and take profit overrides
- Daily drawdown protection and loss limits
- Dynamic trailing stop management
Details
Author
Monkeyattack on GitHub
Type
Copier & bridge
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Input parameters
Read from FollowerTradeEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MasterFileName | string | master_trades.csv | Same file as master EA |
TradeDelay | int | 0 | Skip X trades before copying |
RiskPercentage | double | 2.0 | Risk per trade % |
MaxDailyLoss | double | 5.0 | Max daily loss % |
StopLossPips | double | 50.0 | Custom SL (0 = use master's) |
TakeProfitPips | double | 100.0 | Custom TP (0 = use master's) |
LotMultiplier | double | 1.0 | Lot size multiplier |
MaxLotSize | double | 10.0 | Maximum lot size |
MinLotSize | double | 0.01 | Minimum lot size |
UseTrailingStop | bool | true | Enable trailing stop |
TrailingStopPips | double | 20.0 | Trailing stop distance |
CopyClosedTrades | bool | true | Copy when master closes |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumberBase | int | 99000 | Base magic number |
FileCheckIntervalSeconds | int | 2 | How often to check file |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Monkeyattack/metatrader-copy-trader from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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