UTM: Local Trade Copier Installation Guide – Other – 12 September 2023

That is a part of the bigger UTM Manager Guide – Other – 30 January 2023 – Traders’ Blogs (mql5.com

This information is crafted to help you in establishing a grasp and a number of slave installations for synchronized buying and selling throughout numerous MT5 platforms. We are going to discover two distinct situations: leveraging a dealer’s MT5 installations and fabricating transportable MT5 installations from a model procured straight from the MetaTrader web site.

You probably have beforehand arrange a number of MT5 installations by putting in completely different dealer MT5 variations, the creation of a “transportable set up of MT5” as outlined in State of affairs 2 will not be vital. This technique is predominantly for people who’ve downloaded MT5 straight from the MetaTrader web site and intention to copy that set up throughout a number of platforms. The final word objective is to allow seamless commerce copying from one MT5 set up to a different.

State of affairs 1: Using a Dealer’s MT5 Set up

Step 1: Set up MT5

1. Obtain and set up MT5 out of your dealer’s web site (omit this step if already put in).

Step 2: Set Up the Grasp Terminal

1. Open the MT5 set up out of your dealer that you simply put in in step 1.
2. Log in to your MQL5 account.
3. Obtain the UTM Supervisor from {the marketplace}.
4. Connect the UTM EA to a chart throughout the terminal.
5. Activate the copier in grasp mode, establishing this terminal because the central hub for broadcasting trades.

Step 3: Slave Terminals Configuration

1. Set up different MT5 variations from completely different brokers you want to designate as slave terminals (omit this step if already put in).
2. Launch every of those installations and log in to your MQL5 account.
3. Connect the UTM EA to a random chart inside these terminals.
4. Activate the copier in slave mode to reflect the trades executed on the grasp terminal.
5. Repeat this course of for every terminal meant to be used as a slave, configuring customized threat settings if vital for individualized threat administration.

Step 4: Start Buying and selling

1. Log in to your dealer and configure all vital settings.
2. Provoke buying and selling on the grasp terminal, and observe the trades being replicated on the slave terminals.

State of affairs 2: Setting Up Moveable MT5 Installations (Downloaded from MetaTrader Website)

Step 1: Set up MT5 Initially

1. Obtain and set up MT5 straight from the MetaTrader site to the default Program Information listing in your laptop.

Step 2: Resolve on Grasp Set up

1. You have got the choice to make use of the unique MT5 set up (from Step 1) as your grasp/foremost set up. If you happen to select this, proceed to Step 3 for configuring the grasp terminal.
2. Alternatively, for those who desire to have a separate transportable grasp set up, observe the steps under to create a conveyable grasp set up:
   • Copy the complete MT5 set up folder (present in Program Information) to a brand new location, e.g., C:MT5Master .
   • Create a shortcut to the terminal by right-clicking on terminal64.exe inside the brand new folder, and deciding on ‘Create shortcut’.  
   • Proper-click on the newly created shortcut, choose ‘Properties’, and add /transportable on the finish of the Goal subject. Instance: “C:MT5Masterterminal.exe /transportable” (with out quotes within the shortcut).  
   • Transfer this shortcut to your desktop for simple entry.

Step 3: Configure the Grasp Terminal

1. Open the grasp set up (authentic or transportable grasp created in Step 2) utilizing the shortcut in your desktop.
2. Log in to your MQL5 account.
3. Obtain the UTM Supervisor from {the marketplace}.
4. Connect the UTM EA to a chart throughout the terminal.
5. Allow grasp mode on this terminal to behave because the central hub for broadcasting trades.

Step 4: Create and Configure Slave Terminals

1. Create a conveyable set up in your first slave terminal by copying the unique MT5 set up folder to a brand new location, e.g., C:MT5Slave1 .
2. Observe the steps outlined in Step 2 (level 2) to create a shortcut and allow transportable mode for this slave set up.
3. Repeat steps 1 and a couple of to create extra slave installations, every in a brand new folder (e.g., C:MT5Slave2 , C:MT5Slave3 , and so on.).
4. Open every slave set up utilizing the respective shortcuts in your desktop.
5. Log in to your MQL5 account in every set up.
6. Obtain the UTM Supervisor from {the marketplace}.
7. Connect the UTM EA to a chart inside these terminals and set the copier to slave mode to copy the trades executed on the grasp terminal.
8. Configure customized threat settings on every slave terminal, if vital, for individualized threat administration.

Step 5: Begin Buying and selling

1. Log in to your dealer and configure all vital settings.
2. Provoke buying and selling on the grasp terminal, and monitor the trades being mirrored on the slave terminals