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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
Trade Copier Receiver
This MetaTrader 4 expert advisor functions as the receiving component of a trade copying system.
High risk
GitHub stars1
Forks1
Last update2 years ago6 Jun 2024
LicenceNone stated
Overview
Trade Copier Receiver monitors a shared CSV file in the common terminal folder to replicate positions from a source account onto the local account. The EA provides multiple risk management options including lot size multipliers, fixed lot overrides, and balance-based scaling. It handles broker-specific symbol variations via prefix and suffix settings and includes a pips tolerance filter to manage entry slippage. Note that positions closed manually on the receiver side will automatically reopen if the source trade remains active.
- CSV-based trade data synchronization
- Multiplier and fixed lot sizing modes
- Symbol prefix and suffix compatibility
- Slippage control via pips tolerance
- Optional stop loss and take profit ignore
Details
Author
the-SantosLab on GitHub
Type
Copier & bridge
Platform
MetaTrader 4 (MQL4)
Strategy
Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from TradeCopyRECEIVER.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
filename | string | TradeCopy | |
S1 | string | recalculate Lot by this coefficient: | |
LotCoeff | double | 0.1 | |
S2 | string | if set, force Lot to this value: | |
ForceLot | double | 0.01 | |
S3 | string | is set, use this amount for every 0.01 Lot if higher than ca | |
MicroLotBalance | double | 0 | |
delay | int | 1000 | |
PipsTolerance | double | 5 | |
magic | int | 20111219 | |
Prefix | string | | |
Suffix | string | |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
CopyDelayedTrades | bool | false | |
IgnoreSLTP | bool | false |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone the-SantosLab/TradeCopier 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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