Wednesday, February 21, 2024
HomeForexMT4/MT5 Native Commerce Copier Professional Utilization Guideline - Buying and selling Methods...

MT4/MT5 Native Commerce Copier Professional Utilization Guideline – Buying and selling Methods – 12 February 2024


Native commerce copier is utility which copies trades from one   MT4/MT5 terminal to a different. On this course of one terminal is having the grasp/supply account and different terminals are the slaves/vacation spot accounts.

Conditions

  • ·         Mt4 terminals needs to be put in in similar computer. It might be both private laptop/VPS
  • ·         Mt4 terminals needs to be lively, means the account ping needs to be current on the right-hand nook of   MT4/MT5
  • ·         The EA needs to be lively, means the suitable high nook of the chart ought to present a smiling icon of adopted by the EA identify.
  • ·         The EA may be utilized on any image chart on the terminal. There isn’t any restriction. But it surely needs to be an lively image. Means present day shouldn’t be a vacation for the image.
  • ·         The image on which it’s utilized needs to be current in MarketWatch in each supply and vacation spot accounts.

Supply account quantity– This enter takes the supply account quantity the place the EA is utilized. It is a single worth. Which means now we have just one supply account from the place the EA will copy trades. If you would like a number of supply accounts to a vacation spot account copy then it must be utilized on a number of terminals, on terminal1(source1) EA needs to be utilized on terminal2(source2) needs to be utilized

Vacation spot account numbers– This enter takes comma separated values of slave or vacation spot account numbers. As soon as a commerce is acquired on supply account then, it is going to be copied into the talked about vacation spot accounts

Filter Supply Magic– This subject comprises the comma separated magic numbers. If talked about it is not going to copy the trades with these magic numbers within the supply account. If we preserve it clean then it received’t filter any commerce

Enable Supply Magic– Tis enter is the precise reverse of the earlier one. Right here the EA will solely copy the trades with these magic quantity s within the supply account. If you wish to copy all of the trades within the supply account, it needs to be clean as nicely

Vacation spot Lot dimension– if the copy of the supply lot dimension just isn’t enabled then it’s going to take the lot dimension of this enter parameter

Multiply vacation spot trades– it’s going to place n instances multiplied lot dimension commerce of supply commerce if this enter is talked about. As an example within the supply the commerce lot dimension is .02 and the multiplier is talked about as 3, then it’s going to place 0.06 lot dimension commerce in vacation spot accounts

Vacation spot cease loss and take revenue– if the copy cease loss and take revenue flag is about to false then the copied commerce wouldn’t have the supply commerce’s cease loss and take revenue, relatively it will set the cease loss and take revenue of those inputs

Commerce remark– remark for the vacation spot commerce

Seize logs– this can print some vital log messages which helps in troubleshooting in case of any error

Allow Magic Quantity– if true then a magic quantity will probably be added to the vacation spot trades

Vacation spot magic quantity– if the above enter is true then it’s going to add the magic quantity to the copied trades, and all safeguard calculations will solely take into account these magic numbers

Threat reward ratio– if the copy of SL and TP is fake and this enter is outlined, then take revenue pips = threat reward ratio × cease loss pips. Which means the revenue will probably be calculated primarily based on the RR ratio and cease loss

Copy supply SL and TP – if set true then the supply account commerce’s cease loss and take revenue will probably be copied in any other case vacation spot SL, TP setting could be thought-about

Copy reverse– when this enter is true then no matter commerce is positioned within the supply account, it’s going to place an wrong way commerce within the vacation spot accounts.

For instance,

Supply -Purchase then Locations- promote trades

Supply -BuyStop then Locations- SellStop trades

Supply -BuyLimit then Locations- SellLimit trades

Vacation spot Suffix– Typically brokers add suffixes to the symbols. For instance, EURUSD may be displayed as EURUSD.ci. In these instances, in the event you copy from a supply account the place there isn’t a suffix within the image, however in vacation spot it has a suffix like this. Then now we have so as to add “.ci” on this enter to make the copy work. Please observe that you just needn’t put double quotes within the enter.

Supply Suffix-As mentioned within the earlier level if this time the supply account has a suffix within the image e.g. GBPUSD.ca however the vacation spot account doesn’t have

Copy Shut – When set to true then, if within the supply account the open commerce is closed for any motive(SL/TP hit, by EA, or manually) it is going to be closed in all vacation spot accounts as nicely.

Copy Modify– When set to true if the supply account, the open commerce SL/TP is modified by EA or manually, it is going to be modified within the vacation spot accounts as nicely

Drawdown % to begin– if set then the copy will begin when the drawdown reaches the p.c worth talked about right here

Martingale Settings

Martingale is a loss recorvery method the place we attempt to get better the losses of earlier trades with higer lot dimension trades in susequent trades, until one postion is was revenue. Please not martingale will work on particular magic quantity or all trades if magic quantity just isn’t enabled for vacation spot trades. 

Allow/Disable– if set to true martingale will probably be utilized on subsequently copied trades

Multiplier- if the earlier copied commerce was a loss, then on the following copied commerce lot dimension will probably be n instances of the earlier commerce. The place n is the worth of this enter

Multiply after n repeat– if set, the lot will probably be multiplied by the earlier commerce lot dimension, after repeating n trades it’s going to multiply. As an example it’s set to three and the multiplier is 2

Then

1st commerce 0.01 lot loss

2nd commerce 0.01 lot loss

3rdtrade 0.01 lot loss

4th commerce 0.02 lot revenue

fifth commerce 0.01 lot revenue

If you would like common martingale set it as 1.

Max Trades– Most variety of martingale steps allowed in vacation spot trades. If reached it’s going to copy the preliminary lot dimension once more

Threat settings

If you wish to calculate the copied commerce dimension primarily based on the account stability and the cease loss per commerce then this setting is useful

Allow Threat To lot– if enabled lot dimension within the vacation spot is calculated primarily based on threat % and the chance per micro lot

Threat %– when threat settings are enabled then, lot dimension is calculated primarily based on this enter worth. As an example if set to 1, and your acc stability is 1000, then your per commerce threat is 10

Threat per micro-lot– within the earlier enter we calculated our per commerce loss needs to be 10, so if our threat per micro lot is 5, then we will take a .02 lot commerce

POSITION SIZING

This selection allows you to resolve the lot dimension primarily based on the account stability. When the stability will increase by the quantity within the talked about enter, it’s going to improve the lot dimension. This course of will solely take impact when copying SL and TP is fake

Allow/Disable – if set to true, then solely the above course of will probably be thought-about

Enhance Lot- when the stability will increase by the talked about quantity, the lot dimension will probably be elevated by this talked about enter

E.g. for each 500 improve will increase lot dimension .02

Enhance lot on the account stability– on how a lot the stability will increase, the lot dimension needs to be elevated, whether it is set to 100 then on each 100$ account stability improve it will increase the lot dimension for the copied trades

Alert Settings

Enable Alert, Notification, E mail – I’ll ship an alert within the   MT4/MT5 terminal, ship a push notification to your telephone, or ship an e mail when a commerce copy is being carried out on the vacation spot terminal

To get push notifications and e mail you must correctly set it up in your   MT4/MT5 terminal. Tutorials can be found on-line, please observe them accordingly

Day smart Time Filter Settings

This setting is given to limit the copy within the vacation spot account for a particular time period and particular day.

We are able to disable the copy for a whole day or prohibit it to the particular time vary

Instance

Friday Settings

Allow Buying and selling on Friday– when set to false it’s going to disable copy for all the Friday and within the dashboard, the cease motive will probably be displayed as buying and selling just isn’t allowed presently

Begin Time– If Buying and selling is enabled it’s going to begin the copy after the time talked about on this enter

Finish Time– If buying and selling is enabled it’s going to cease the copy after the time talked about on this enter

Safeguard Settings

A number of safeguard settings defend the vacation spot account from copying trades within the opposed circumstances of the market. Every of those settings may be disabled by setting it to 0, which is the default worth

Most Open Trades – controls the utmost opened copied trades within the vacation spot. These are primarily market orders not pending orders.

Most Lengthy Trades – controls the utmost opened copied lengthy positions within the vacation spot. These are primarily market orders not pending orders.

Most Brief Trades – controls the utmost opened copied quick positions within the vacation spot. These are primarily market orders not pending orders.

Most Pending Orders– controls the utmost opened copied trades within the vacation spot. These are primarily pending orders, not market orders.

Most Lengthy Pending Orders– controls the utmost opened copied lengthy positions within the vacation spot. These are primarily pending orders, not market orders. e.g. BUY_STOP, BUY_LIMIT

Most Brief Pending Orders– controls the utmost opened copied lengthy positions within the vacation spot. These are primarily pending orders, not market orders. e.g. SELL_STOP, SELL_LIMIT

Most Drawdown %– When vacation spot accounts attain a sure drawdown p.c of the account stability then it is not going to enable additional copies of trades

Most Drawdown Quantity– When vacation spot accounts attain a sure drawdown quantity talked about within the enter then it is not going to enable additional copies of trades

Most Trades Per Day– It’ll copy the utmost n variety of trades to be copied in a day within the vacation spot accounts the place n is the worth talked about on this enter

Day by day Cease – when the full loss in a day reaches this quantity in a vacation spot account it’s going to cease copying for the day

Day by day Goal– when the full revenue in a day reaches this quantity in a vacation spot account it’s going to cease copying for the day

Weekly Cease – when the full loss in per week reaches this quantity in a vacation spot account it’s going to cease copying for the week

Weekly Goal– when the full revenue in per week reaches this quantity in a vacation spot account it’s going to cease copying for the week

Month-to-month Cease – when the full loss in a month reaches this quantity in a vacation spot account it’s going to cease copying for the month

Month-to-month Goal– when the full revenue in a month reaches this quantity in a vacation spot account it’s going to cease copying for the month

Show Settings

This settings part will management the show conduct of the panel, the place we show a number of vital info. It’s an auto-resize panel, which suggests in the event you open completely different sections of the terminal like commerce, it’s going to auto-adjust its width and peak. While you shut these sections, after altering something on the chart just like the timeframe, it’s going to readjust the peak, width, and textual content dimension. Please observe that every one dashboard knowledge are meant for the vacation spot account particulars. Within the supply, these dashboards aren’t related.

Panel Width % – Its width will take x p.c of the obtainable width of all the terminal window, the place x is the worth of this enter

Panel Peak % – Its peak will take y p.c of the obtainable peak of all the terminal window, the place y is the worth of this enter

Textual content Dimension Pct– Textual content contained in the show dashboard takes x p.c of the obtainable width of all the terminal window, the place x is the worth of this enter

Title Coloration– the colour of the dashboard header

Label Coloration– the colour of the dashboard show info keys, Like AccountNumber

Worth Coloration – the colour of the dashboard shows info values, Like AccountNumber worth, e.g. 3474392874

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments