AlgoWay MT5 Expert Advisor Installation Guide

AlgoWay MT5 Copytrader to TradeLocker, MatchTrader, DxTrade, cTrader — Installation Guide

AlgoWay provides MetaTrader 5 Expert Advisors that copy trades from MT5 to external execution platforms such as TradeLocker, MatchTrader, DxTrade, and cTrader. This guide explains how to download the correct EA, create the required webhook, install the file into MT5, configure platform credentials, enable WebRequest access, and confirm that the copier is running correctly.

The overall setup is simple: download the correct EA, register in AlgoWay, create a webhook, place the .ex5 file into the MetaTrader 5 Experts folder, configure the target platform parameters, enable AlgoTrading and WebRequest, and then monitor the terminal logs.

Download

Each copier EA is distributed as a separate .ex5 file depending on the target platform.

Registration and Webhook Setup

Before the EA can authenticate, you need an AlgoWay account and a valid webhook UUID. The webhook acts as the authentication bridge between the EA and AlgoWay.

Go to AlgoWay and create an account.
Open your dashboard.
Click Add Trial Webhook.
Your webhook UUID will be generated. Trial webhooks are valid for 14 days.

Installing the EA in MetaTrader 5

After downloading the correct file, place it into the MT5 Experts directory and attach it to the chart that will act as the source terminal.

Copy the downloaded .ex5 file into:

C:\Users\YOUR_USER\AppData\Roaming\MetaQuotes\Terminal\XXXXXXXXXXXX\MQL5\Experts\

Restart MetaTrader 5.
Open Navigator → Experts.
Drag the required EA onto a chart.

Configuring the EA

Each AlgoWay MT5 copier EA includes parameters that must match the destination platform account. The exact values depend on your broker or prop-firm environment.

These are examples only. Use only the exact values provided by your broker or target platform.

Example for TradeLocker:

Webhook UUID: b6b7001f-a3b3-4f2a-946a-4******6538
Trade Platform URL: https://demo.tradelocker.com
Tradelocker User Email: user@example.com
Tradelocker User Password: ********
Tradelocker Server: OSP
Tradelocker Account ID: 1124440

Example for MatchTrader:

Webhook UUID: 496928d4-6014-466e-ad2e-e52*******e0438
Trade Platform URL: https://platform.aquafunded.com
Dashboard e-mail: user@example.com
Account Password: ********
Broker ID: 2

Enabling AlgoTrading and WebRequest

For the EA to communicate with AlgoWay and with the destination platform, MetaTrader 5 must allow Expert Advisors and outgoing WebRequests.

Open MT5 → Tools → Options.
Select the Expert Advisors tab.
Enable these options:

Allow AlgoTrading
Allow WebRequest for listed URLs

Add only the URLs required by your platform plus algoway.co.

https://algoway.co
https://demo.tradelocker.com
https://platform.aquafunded.com
https://dxtrade.fortraders.com
https://demo-uk-eqx-01.p.ctrader.com

Running the EA

Once all settings are filled in, the EA can be started from the chart.

Click OK in the EA settings window.
Enable AlgoTrading in MetaTrader 5.
Watch the terminal logs for authorization status and order activity.

Troubleshooting

If the EA does not start copying trades correctly, the reason is usually visible in the MT5 Experts log.

Invalid Webhook — Check that the webhook UUID was copied correctly from the AlgoWay dashboard.
Session Blocked — Another session may already be active. Re-authorize and verify that the previous session is closed.
Trades are not copied — Confirm that AlgoTrading is enabled, WebRequest is allowed for the required URLs, platform credentials are correct, and the platform URL matches your broker environment.

Done

After the EA is installed and authorized, trades opened in MetaTrader 5 can be copied automatically to the connected destination platform through AlgoWay. The key requirements are a valid webhook UUID, correct platform credentials, proper WebRequest permissions, and active AlgoTrading inside MT5.