SOURCE CONFIGURATION DESCRIPTION

To configure Forex Copier Source you should press “Settings” in Source MT4 terminal box.



Account configuration window opens:

  1. MT4 terminal path - here you can change Source terminal and its name.

  2. Lot/Risk management – allows you to choose the method of lot calculation for copied orders.



    • Send exact lot size from this Source account to all Receiver account(s) – lot size of copied orders will be the same as on Source account.
    • Use custom lot size – here you can select necessary option which allow you to change lot size of copied orders. It allows you to decrease or increase resulting lot to suit your requirements to your account.
      Multiply every lot - lot size of copied order will be multiplied by entered value.
      For example, if you set Multiply every lot by 2 and open an order with lot size = 2 on the Source account then this order will be copied to Receiver account with lot size = 4.
      Multiply every lot size by different values for each Receiver account - lot size of copied order will be multiplied by entered value for each Receiver terminal.
  3. Filtering orders - this function allows you to choose what kind of orders you don’t want to be copied to Receiver account(s). If “Copy all orders” is enabled, orders will be copied.



    • Filter orders by current profit/loss value – you can set allowed price changes, when orders will be copied. You can set loss/profit value.
      For example, if you set this parameter “5 pips” and “profit”, in this case if Source account opens Buy order at 1.0000. This order will be copied to Receiver account(s) only when price reaches 1.0005 (1.0000+5 pips).
    • Other properties is for filtering orders by type: you can disable of copying BUY, SELL, pending orders, execution orders, BUY STOP, BUY LIMIT, SELL STOP, SELL LIMIT. Also you can set “Do not copy Close/Delete” and “Do not copy Modify” properties.
  4. Emergency stop – allows to set stop trading parameter when concrete situations appear. To enable this property you should check “Use emergency stop”.



    • Stop copying if Equity level is less than … (in base currency of your account) – when this option is enabled Copier will stop sending "Open order" signals to Receiver terminal in case when Equity level of this Source account is less than value in “Stop copying…” field.
    • Stop copying if Drawdown Percent is bigger than … – when this option is enabled Copier will stop sending "Open order" signals to Receiver terminal in case when Drawdown percent of this Source account is bigger than preselected value. Drawdown is calculated as the difference between current Equity and maximum historical Equity in percentage.
    • Stop copying if Drawdown Value is bigger than … (in base currency of your account) – when this option is enabled Copier will stop sending "Open order" signals to Receiver terminal in case when Drawdown value of this Source account is bigger than preselected value.
  5. Advanced settings – this input allows to change some advanced settings. Please, note that it is not recommended to change it without need.



    • Remove this prefix from symbol name of copied orders. If the broker has some Prefix in currency pair name (like “aEURUSD”) then you need to enter this prefix (“a” in example) into this setting.
    • Remove this suffix from symbol name of copied orders. If the Source broker has some Suffix in currency pair name (like “EURUSDfx”) and Receiver’s broker has another suffix then you need to enter this suffix (“fx” in example) into this setting.
    • Show info labels on chart - if this parameter checked then Copier will show the information labels in the left-top corner of the chart.


    • Write advanced logs - if this parameter checked then Copier will write more detailed information in log files, this parameter is used for debug purposes.
  6. Summary - in this inset all chosen settings will be shown. You can look through them and analyze or edit copying settings of this Source terminal.



    Show all settings will show settings of all insets.