free mt5 copier
Info
The free mt5 copier is a Expert Advisor for MetaTrader 5 that the code is mostly self-documenting, and should therefore be easy to follow along with some experience in coding. this is not a perfect product, but it should set the wheel rolling.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use free mt5 copier
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
the code is mostly self-documenting, and should therefore be easy to follow along with some experience in coding.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: T5Copier - Local Client-to-Client Trade Copier for MT5 - another powerful expert for MetaTrader 5 traders.
the code is mostly self-documenting, and should therefore be easy to follow along with some experience in coding. this is not a perfect product, but it should set the wheel rolling. please feel free to develop and possibly share this product back to the discussion.Also recommended: freeman - similar expert with strong performance on MetaTrader 5.
Source Code
#define server_flags FILE_WRITE|FILE_SHARE_WRITE|FILE_SHARE_READ|FILE_COMMON|FILE_BIN
#define client_flags FILE_READ|FILE_SHARE_READ|FILE_SHARE_WRITE|FILE_COMMON|FILE_BIN
#define program MQLInfoString(MQL_PROGRAM_NAME)
#ifdef _nostd // Use custom libraries
#include <main/trade.mqh>
CTrade m_trade;
CPosition m_position;
#else // Use standard libraries that come with the default terminal installation
#include <Trade/Trade.mqh>
CTrade m_trade;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.