How to Manage and Trade Multiple MT4 and MT5 Accounts

You can manage multiple MT4 and MT5 accounts from one Copygram dashboard by connecting a source account to one or more receivers in a Room. Each receiver has its own copying settings, so the accounts can follow the same source while using different lot sizes, symbols and trading schedules.

This guide focuses on organising several accounts you operate. For the product overview, see the MetaTrader trade copier. For the connection steps between platform versions, use the MT4-to-MT5 setup guide.

Choose the right way to manage multiple accounts

Managing several logins and sending one trade to several accounts are different tasks. Use this decision table before adding software or connections.

MetaTrader 5’s account guide explains switching through the Navigator. For simultaneous MT4 sessions, MetaQuotes specifies separate installation directories. Copygram’s hosted connection serves a different need: routing account activity without maintaining those local terminals for the copying connection.

If you are comparing a broker’s MAM or PAMM offering, ask that broker how its allocation arrangement works and which accounts are eligible. This guide describes separately connected accounts in Copygram; it does not establish a broker-managed investment or allocation service.

Start with an account map

A source supplies the trades. A receiver is the account where Copygram sends the copied instructions. A Room connects one source to its receivers; it is also where you configure each receiver’s rules.

Write down the direction of copying before connecting accounts. For example, a personal MT5 source can feed an MT4 receiver and another MT5 receiver in the same Room. The MT4 receiver can use one fixed lot size while the MT5 receiver uses another. These are independent settings, even though both follow the same source.

If a second source runs a separate strategy, give it a separate Room. One Room has one source. Name accounts and Rooms so you can recognise the platform, broker and purpose without exposing account credentials in their names.

Example account map: one source, two receivers

Use account nicknames in a private checklist. The following map is illustrative; no account numbers or passwords are needed.

Before adding another receiver, record its minimum order quantity, quantity increment and permitted instruments. Test entry, modification and closing separately on that receiver. An earlier successful test on Receiver A does not establish that Receiver B has the same permissions or contract specifications.

Connect your source and receiving accounts

1. Open Copygram and add your MT4 or MT5 account. The hosted connection asks for an account name, login ID, password and broker server.

2. Add the other accounts you want to receive trades, keeping each account’s server and credentials together.

3. Create a Room, select its source and add the receivers that should follow it.

4. Open each receiver’s settings and configure its lot sizing, symbols, order updates and schedule.

5. Review the connection status and Room configuration, then activate your intended workflow.

Copygram supports demo and live accounts. Its hosted MT4/MT5 connection runs on Copygram infrastructure, so you do not need your own VPS or an always-on local terminal to run that connection. The platform documentation contains the current connection fields and receiver controls.

A source connection observes trades; a receiver must be able to place them. Copygram’s MT5 documentation recommends an investor password for a read-only source. An investor password cannot authorise trading on an MT5 receiver, as explained in MetaTrader’s account-access documentation.

Configure each receiver separately

Lot size and symbol exceptions

Set the money-management option and value for each receiver. With Fixed Lot selected, the receiver uses the configured lot size rather than assuming that every destination should match the source’s volume.

Symbol Lot Exceptions let you specify a separate lot size for a particular instrument. Review these alongside the main setting: an exception can explain why one symbol is receiving a different volume from the others.

The same lot number does not automatically represent the same exposure across different instruments or broker contract specifications. Keep the account’s intended sizing and the instrument’s contract details together when configuring it.

Symbol matching and filters

Check the exact instrument name on each destination. A source’s EURUSD and a receiver’s EURUSD.r need the appropriate symbol matching or suffix configuration. Do this per receiver; two brokers may use different names for the same market.

Use Symbol Filters when an account should receive only selected instruments or exclude others. In Copygram’s documented controls, Execute only uses the destination platform’s symbol, while Avoid uses the incoming signal symbol. Execute only takes precedence when both are configured.

Order updates and trading hours

Decide whether Copy Close Orders and Copy Modif Orders should follow source changes for each receiver. Configure how the receiver handles stop loss and take profit, including instructions that arrive without one of those values.

If the account should operate only during chosen periods, configure its Trading Schedule. These settings can deliberately make one receiver behave differently from another; matching the source does not require every account to use identical rules.

Can you manage or trade multiple accounts from a phone?

The MT5 Android account screen lets you keep account logins and switch the active connection. An order entered under one login is not automatically submitted to every saved account.

With a configured Copygram hosted connection, the trading account is the source. You can enter an order on that source through its mobile app while Copygram handles the connected receiving accounts. Verify this in a permitted demo workflow: identify the source login on the phone, check that its Room is active, then compare the source order, Room log and receiver order. Do not mistake changing the phone’s active login for changing the Room’s source.

A hosted copying connection also does not host an unrelated EA that you run on your own computer. If that EA generates your source trades, its own operating environment still needs to run.

Keep multiple strategies understandable

Separate Rooms make it easier to identify which source produced a trade instruction. For two strategies that must remain separate, use clearly named Rooms and deliberately choose their receiving accounts.

If several sources feed the same receiver, review their combined activity. Two sources can send instructions for the same symbol. A per-receiver lot setting is not a portfolio-wide exposure limit, and splitting sources into Rooms does not itself prevent overlapping positions.

MT5’s account mode also matters. A netting account holds one position per symbol, while a hedging account can hold multiple positions in that symbol. MetaQuotes explains these two account modes. Keep this distinction in mind when interpreting a receiver that follows more than one source.

If one of your sources is Telegram, use the multiple-channel setup guide to organise those channels into Rooms.

Review the workflow without checking every terminal

Use the Room logs to follow trade activity, including the symbol, action, lot size and status. When one receiver differs from the others, compare its settings with the logged instruction before changing the entire Room.

• No copied trade: check that the account is connected, is assigned to the intended Room and has trading permission. Then inspect filters, the trading schedule and the reported status.

• Wrong instrument: compare the incoming symbol with the destination’s exact symbol and its mapping or suffix settings.

• Unexpected volume: review the receiver’s main sizing setting and any Symbol Lot Exception.

• Close or modification not followed: review Copy Close Orders or Copy Modif Orders on that receiver.

• Activity from an unexpected source: review which Rooms include that account as a receiver.

Keep a simple record of each Room’s source, receivers and purpose. Update that record when you add an account or change a strategy. This makes configuration changes easier to explain and prevents an old connection from becoming a forgotten part of the workflow.

Review your account map with an AI assistant

Copygram’s AI assistant connection via MCP can list Rooms, their source and receivers, and read receiver settings and logs. For a review before changing a multi-account setup, try this prompt:

“Show my Copygram Rooms, with each source, receiver and Room status. List any receiver used by more than one Room. Summarise its configured sizing and symbol filters in each Room. Do not change settings, activate Rooms or place trades.”

Compare the response with your account map and the platform records. The assistant can help organise configuration; it does not replace each broker’s contract specifications or a firm’s account rules. See the MCP documentation for supported actions.

Questions about managing multiple MetaTrader accounts

Can one source copy to both MT4 and MT5?

Yes. Copygram lets an MT4 or MT5 source feed MT4 and MT5 receivers. The MetaTrader-to-MetaTrader route covers these account-copying directions.

Can each receiver use different settings?

Yes. Each receiver in a Room has independent settings for controls such as lot sizing, symbol matching, filters and trading schedules. Configure these on the receiver you intend to change.

Can two source accounts share one Room?

No. A Room has one source. Create a separate Room for another source, then choose its receivers deliberately.

How many accounts can I connect?

Your subscription determines the available account allowance. Check the current Copygram plans against the complete source-and-receiver arrangement you want to run. For a setup that needs clarification, contact Copygram before choosing a plan.

Build your account workflow

Use your account map to choose the source, receivers and settings you need. Review the MetaTrader trade copier for supported sources and destinations.

Compare plans for your account setup

Once the account allowance fits, create your Copygram account and configure your first Room. Copygram has paid subscriptions and no free trial.