Home Forex trading Directions for utilizing the order copier “Simple Copy” – Different – 27...

Directions for utilizing the order copier “Simple Copy” – Different – 27 November 2022

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At the first start, the utility starts in the “Source” mode in the “Stop” state. 

You can select the mode of operation of the utility. The utility works in three modes: Source, Receiver and Self-Copier. In order to copy trades from the current account, the “Source” mode is used; in order to copy trades from another account to the current one, the “Receiver” mode is used; in order to copy trades from the current account to the current one, the “Self-multiplier” mode is used. 

The utility window also contains the selection of the source account. For the “Source” and “Self-multiplier” modes, this choice is blocked, since the source is the current account. In “Receiver” mode, you can select any of the sources currently running on your PC.

 

When you select the “Receiver” mode, the utility window switches to an extended format containing all the settings of the copier.

The “Copy orders mode” parameter determines the mode of copying orders. There are several options: Copy All, Reverse All, Dont Copy Pending Orders, Dont Copy Buy Orders, Dont Copy Sell Orders and Dont Copy New Orders.

The “Close orders mode” parameter determines the mode of closing orders – in the “Along with a source” mode, orders will be closed simultaneously with orders on the source account. In “Independent” mode, orders will be closed only in case of SL or TP triggering.

The “Max time delay” parameter defines the maximum delay time (in seconds) between the time of opening an order on the source account and the current account. If there is a delay greater than the value specified in this parameter, the order will not be copied.

The “Max negative price dev” parameter determines the maximum price deviation (in pips) to the unfavorable side (up for buy orders, down for sell orders) on the source account and the current account. If the price deviates more than this value, the order will not be copied.

The “Allowed symbols list” and “Restricted symbols list” parameters contain lists of currency pairs allowed and prohibited for copying. Currency pairs must be separated by commas. If the “Allowed symbols list” parameter is filled in, orders will be copied only for the currency pairs specified in this parameter. If the “Restricted symbols list” parameter is filled in, all orders will be copied, except for orders opened on the currency pairs specified in this parameter. If both parameters are filled, the “Allowed symbols list” parameter takes precedence.

The “Allowed magics list” and “Restricted magics list” parameters are similar to the previous two parameters, but contain lists of allowed and prohibited magic numbers.

The “Min free margin” parameter sets the minimum margin at which an order can be copied.

The “Emergency equity” parameter sets the equity level at which all orders copied to the current account will be closed and copying new orders will be impossible.

The “Order size calc” parameter defines the order calculation method on the receiving account. There are five calculation modes – Equil to source (order size will be the same as on the source account), Deposit ratio (order size is calculated based on the ratio of deposits on the source and receiver), Use multiplier (order size on the receiver account is calculated by multiplying the order size on the source by a multiplier), Deposit ratio * multiplier (the size of the order is calculated based on the ratio of the sizes of deposits on the source and the receiver and multiplied by the multiplier) and Fixed (sets a fixed size of the order on the receiver). The “Order size multiplier” parameter is responsible for the size of the multiplier in the corresponding order size calculation modes. The “Fixed order size” parameter is responsible for the size of the order in the “Fixed” mode.

The “SL, TP & TS copy mode” parameter determines the mode of copying stop loss and take profit levels. There are four modes – Copy (copies SL and TP from the source account), Copy virtual (copies SL and TP from the source account without setting them explicitly), Fixed (sets fixed stop loss and take profit levels) and Fixed virtual (sets fixed levels stop loss and take profit without setting them explicitly). “Fixed SL”, “Fixed TP” and “Fixed TS” parameters set fixed SL, TP levels and trailing stop in pips. 

The “Translate symbols from” parameter contains a list of symbols, orders opened for which should be opened on other symbols specified in the “Translate symbols to” parameter. Characters must be separated by commas. In this case, the first symbol from the “Translate symbols from” parameter will be translated into the first symbol of the “Translate symbols to” list, the second – into the second, and so on. These parameters can be used when the same symbols are called differently by different brokers, or when you want to copy trades from one symbol to another.

The “Magics copy mode” and “Comments copy mode” parameters determine the modes for copying magics and order comments. The “Magics copy mode” parameter has two modes – Copy (copies magics from the source) and Set fixed (sets fixed magics on the receiver). The “Comments copy mode” parameter, in addition to these two, also has the Copy and set fixed mode (copies a comment by adding a fixed expression to it). The “Fixed magic” and “Fixed comment” parameters determine the fixed values of magic and comment in the respective modes.

The utility has the ability to set an activity schedule. Orders will be copied during periods of activity, outside of this period – not. Please note that if the “Max time delay” parameter is not set, if an order opened outside the activity period is still open on the source account, it can be copied when the activity period occurs.

The “Schedule mode” parameter has two values – Hours of activity and Hours of inactivity. The remaining schedule parameters determine the periods of activity or inactivity (depending on the selected mode).



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