On the first begin, the utility begins within the “Supply” mode within the “Cease” state.
You may choose the mode of operation of the utility. The utility works in three modes: Supply, Receiver and Self-Copier. To be able to copy trades from the present account, the “Supply” mode is used; as a way to copy trades from one other account to the present one, the “Receiver” mode is used; as a way to copy trades from the present account to the present one, the “Self-multiplier” mode is used.
The utility window additionally accommodates the choice of the supply account. For the “Supply” and “Self-multiplier” modes, this selection is blocked, for the reason that supply is the present account. In “Receiver” mode, you’ll be able to choose any of the sources at the moment working in your PC.
When you choose the “Receiver” mode, the utility window switches to an prolonged format containing all of the settings of the copier.
The “Copy orders mode” parameter determines the mode of copying orders. There are a number of choices: Copy All, Reverse All, Dont Copy Pending Orders, Dont Copy Purchase Orders, Dont Copy Promote Orders and Dont Copy New Orders.
The “Shut orders mode” parameter determines the mode of closing orders – within the “Together with a supply” mode, orders will likely be closed concurrently with orders on the supply account. In “Impartial” mode, orders will likely be closed solely in case of SL or TP triggering.
The “Max time delay” parameter defines the utmost delay time (in seconds) between the time of opening an order on the supply account and the present account. If there’s a delay higher than the worth specified on this parameter, the order won’t be copied.
The “Max unfavorable value dev” parameter determines the utmost value deviation (in pips) to the unfavorable aspect (up for purchase orders, down for promote orders) on the supply account and the present account. If the worth deviates greater than this worth, the order won’t be copied.
The “Allowed symbols checklist” and “Restricted symbols checklist” parameters include lists of forex pairs allowed and prohibited for copying. Foreign money pairs should be separated by commas. If the “Allowed symbols checklist” parameter is crammed in, orders will likely be copied just for the forex pairs specified on this parameter. If the “Restricted symbols checklist” parameter is crammed in, all orders will likely be copied, apart from orders opened on the forex pairs specified on this parameter. If each parameters are crammed, the “Allowed symbols checklist” parameter takes priority.
The “Allowed magics checklist” and “Restricted magics checklist” parameters are much like the earlier two parameters, however include lists of allowed and prohibited magic numbers.
The “Min free margin” parameter units the minimal margin at which an order could be copied.
The “Emergency fairness” parameter units the fairness degree at which all orders copied to the present account will likely be closed and copying new orders will likely be unimaginable.
The “Order measurement calc” parameter defines the order calculation technique on the receiving account. There are 5 calculation modes – Equil to supply (order measurement would be the identical as on the supply account), Deposit ratio (order measurement is calculated based mostly on the ratio of deposits on the supply and receiver), Use multiplier (order measurement on the receiver account is calculated by multiplying the order measurement on the supply by a multiplier), Deposit ratio * multiplier (the scale of the order is calculated based mostly on the ratio of the sizes of deposits on the supply and the receiver and multiplied by the multiplier) and Mounted (units a hard and fast measurement of the order on the receiver). The “Order measurement multiplier” parameter is chargeable for the scale of the multiplier within the corresponding order measurement calculation modes. The “Mounted order measurement” parameter is chargeable for the scale of the order within the “Mounted” mode.
The “SL, TP & TS copy mode” parameter determines the mode of copying cease loss and take revenue ranges. There are 4 modes – Copy (copies SL and TP from the supply account), Copy digital (copies SL and TP from the supply account with out setting them explicitly), Mounted (units mounted cease loss and take revenue ranges) and Mounted digital (units mounted ranges cease loss and take revenue with out setting them explicitly). “Mounted SL”, “Mounted TP” and “Mounted TS” parameters set mounted SL, TP ranges and trailing cease in pips.
The “Translate symbols from” parameter accommodates an inventory of symbols, orders opened for which needs to be opened on different symbols specified within the “Translate symbols to” parameter. Characters should be separated by commas. On this case, the primary image from the “Translate symbols from” parameter will likely be translated into the primary image of the “Translate symbols to” checklist, the second – into the second, and so forth. These parameters can be utilized when the identical symbols are referred to as otherwise by completely different brokers, or once you need to copy trades from one image to a different.
The “Magics copy mode” and “Feedback copy mode” parameters decide the modes for copying magics and order feedback. The “Magics copy mode” parameter has two modes – Copy (copies magics from the supply) and Set mounted (units mounted magics on the receiver). The “Feedback copy mode” parameter, along with these two, additionally has the Copy and set mounted mode (copies a remark by including a hard and fast expression to it). The “Mounted magic” and “Mounted remark” parameters decide the mounted values of magic and remark within the respective modes.
The utility has the power to set an exercise schedule. Orders will likely be copied during times of exercise, exterior of this era – not. Please observe that if the “Max time delay” parameter will not be set, if an order opened exterior the exercise interval continues to be open on the supply account, it may be copied when the exercise interval happens.
The “Schedule mode” parameter has two values – Hours of exercise and Hours of inactivity. The remaining schedule parameters decide the durations of exercise or inactivity (relying on the chosen mode).
