Edit the account name - in this field can change the Receiver’s name which is shown in the main program window.

Choose the platform path - select the trading platform path from the dropdown list or click the “Browse” button to find it.

Copy orders - this option allows you to set up a date and time until the copying to this account will be performed.Disable this option and copying will be paused until you enable it again.

Enable copying for accounts - you can enter a number of allowed account(s) there, in this case, our software will work on this account only and it will be disabled if you change an account to another one. Click the Open list button to add/remove the account(s) in it.

Copy modify or delete an order if the account number isnot allowed - сheck this option if you want to send the closing or modification of the existing orders to accounts that are not allowed. New orders will not be copied.

Also, on the” General settings” tab, you can activate the “Send an email notification” feature. If it is activated, our software will send email notifications to the specified email address when an error occurs.

To add the email address, please enable the notification by clicking the “ON” button, then enter it into the field below and click the “Update button to save changes”.

Lot/Risk management

These settings allow you to choose the method of lot calculation for copied orders to the Receivers.

By default, the program copies a trade with the same lot size as at the Source. If you need to change the lot size of trades opened on Receiver, you should enable the “Use custom lot size” setting by clicking the “ON” button.

If the Use custom lot size setting is on, you can select the necessary option which allows you to change the lot size of copied orders. It allows you to decrease or increase the resulting lot to suit your requirements for your account.

Custom lot/risk management options:

• Multiply lot size from Source account by – the lot that the Source EA opens on his account will be multiplied by this value. It allows you to decrease or increase the resulting lot to suit your trade account requirements.

For example, the Source trades on a $1000 account, and the Receiver’s account is $50000. If you copy the Source's trades with the same lot size you will get a too-small profit. So you can set the lot multiplier = 50, so when the Source EA opens a position with the lot = 0.1, the Receiver will get a position with the lot = 5.

Another example: the Source EA trades on account $200000, and the Receiver account is $10000. It will be dangerous for your Receiver account to open the same lot, sometimes it will be impossible. So, you can set the lot multiplier = 0.2 and when the Source opens a position with lot = 10, the Receiver will get a position with the lot = 2.

Note. If the resulting lot is smaller than the minimum lot allowed by your broker, the minimal lot will be used.

• Set the proportional lot based on the Source/Receiver Equity ratio – this option allows opening orders with a proportional lot size based on the ratio of Source and Receiver accounts Equity. It allows you to decrease/increase the resulting lot to suit your account requirements.

You can also multiply the result by some value by checking “And multiply the result by”.

For example: If the Source account equity (in USD equivalent) is 10000 and the original lot size is 2 and the Receiver account is 2000. In this case, the Receiver account will open on order with the 0.4 lot size.

• Use the fixed lot for copied orders – allows setting any lot size. In this case, the Source's lot size will be ignored and the lot size for each order on the Receiver side will be fixed according to the specified value.
• Set the maximum percentage of Equity risk per one order- allows you to manage Equity risk for an order. The lot will be calculated using the specified risk percentage.

For example, you want to risk only 1% of equity if the trade closes by Stop Loss.

The Forex Copier EA will copy the original trade but the size of the position will be modified according to the percentage risk.

Note that the original order should have the Stop Loss level for this option to work.

• Consider provider's leverage – if this setting is enabled, Forex Copier will multiply the order lot size by the difference in leverages in Source and Receiver.

Example: if you copy orders from an account with a leverage of 1:100 to an account with a leverage of 1:200 and enable this setting, Forex Copier software will copy all orders with 2 times bigger lot size.

• Lot size for specific currencies – here you can set a different lot multiplier for each symbol. Just click the “Change” button to fill the table of currencies and their lots.

For example, you can set a lot multiplier=2 for EURUSD and lot multiplier=3 for XAUUSD, in this case, the Forex Copier program will copy the order with different lot sizes for these two symbols.

In this case Copier will place orders with type opposite to Source’s order type:

• BUY order will be copied as SELL
• SELL order will be copied as BUY
• SELL Stop order will be copied as BUY Limit
• SELL Limit order will be copied as BUY Stop
• BUY Stop order will be copied as SELL Limit
• BUY Limit order will be copied as SELL Stop

You can adjust the details of reversing orders as well:

• Reverse Stop Loss and Take Profit - if this parameter checked, then Receiver’s StopLoss will be equal to Source’s TakeProfit and vice versa.

• Consider spreads in reverse mode for pending orders - if the parameter is enabled, then in Reverse mode the Pending orders’ entry price will be adjusted according to the Processor’s spread value.

Copy orders without SL/TP – if this option is selected then Source's Take Profit and Stop Loss levels will be ignored and the Receiver’s trades will be opened without SL/TP.

Here you can check the settings for market or pending orders to which copying without SL will be applied:

Apply to market orders

Apply to pending orders

Place SL/TP exactly at the Source account prices (even if the entry price differs) – in case this option is checked, Stop Loss and Take Profit will be placed on the Receiver's account on the same levels as on the Source account.

Set fixed SL/TP in pips – here you can define stop Loss and take profit in pips (1 pip = 0.0001 for non - JPY pairs, and 0.01 for JPY- pairs). Source's orders will always be copied to the Receiver account with specified SL/TP.

For example: If you set Stop Loss=50 pips and Take Profit=30 pips and the Source account sends a Buy order with execution price at 1.0000, SL at 0.9900, TP at 1.0010. Forex Copier will set SL at 0.9950 and TP at 1.0030 as it is set.

Stop Loss Pips - defines the fixed Stop Loss value for every copied order, the value should be determined in pips (1 pip = 0.0001 for non - JPY pairs, and 0.01 for JPY- pairs).

Take Profit Pips - defines the fixed Take Profit value for every copied order, the value should be determined in pips (1 pip = 0.0001 for non - JPY pairs, and 0.01 for JPY- pairs).

Price adjustments for opening orders – allows setting price criteria for orders opening on Receiver.
Open order immediately at current market price - when the option is selected the orders will be immediately copied on the Receiver at the current market price.

The open price on the Receiver account should be:

• At least better (Than the original price on the Source) - the order will be copied only when the price reaches the specified or better level.
• Equal or better (Than the original price on the Source) - the order will be copied on the Receiver account only when the price will be the same or better than on the Source account.
• No worse (Than the original price on the Source) - the order opens on the Receiver account if the price is better, the same, or worse (no more than the specified value in pips).

Price adjustments for closing orders - allows setting price conditions for orders closing on Receiver.

Close order immediately at current market price - the order will be closed immediately on the Receiver after it closes on the Source account (regardless of the Receiver price level).

Close when the price is at least … or more pips better than the Source order close price - in this case, the order on the Receiver account will be closed only if the price is better than the Source's price.

Close anyway if the price on Receiver is 1 (or more) pips worse than the Source order close price - the order will be closed when the Source account price is worse than the Receiver's price by the specified value.

Close when Profit of the order is- the order will be closed only if it gained the specified profit in pips.

Close anyway if the price on the Receiver is 1 (or more) pips worse than the Source order close price - the order will be closed when the Source account price is worse than the Receiver's price by the specified value.

Note. The program will set the values of SL and TP when using these settings.

Filtering rules – there are general options for filtering orders.

The max difference between the Source open price the and current market price - here you can set the number of pips that the Source and Receiver prices can differ during the copying process.

For example: if the order on the Source account is opened with 0.9950 and the settled value in this setting is 15, in this case, the order won't be opened on the Receiver terminal if the price is more than 0.9965 or less than 0.9935.

Ignore orders which were opened … minutes ago or earlier – this setting allows you to choose how long can market order wait for some conditions to open on the Receiver account. This setting value is 60 minutes by default.

Filter by a number of orders:

Ignore new BUY orders if a current number of opened BUY orders is – this setting allows you to ignore the number of BUY orders permitted on the Receiver terminal, if the number of opened BUY orders on this terminal is equal or bigger than this parameter, all new tasks from the Source will be ignored.

Ignore new SELL orders if a current number of opened SELL orders is – this setting allows you to ignore the number of SELL orders permitted in the Receiver terminal if the number of the opened SELL orders on this terminal is equal or bigger than this parameter, all new tasks from the Source will be ignored

Ignore new orders if a current number of opened orders is - this setting defines the number of orders allowed on the Receiver terminal. If the number of opened orders on this account is equal to or bigger than this value, all new tasks from the Source will be ignored.

For example, you have set "Ignore new orders if the current number of opened orders is 5 or more." Currently, there are 2 BUY orders and 2 BUY STOP orders on the Receiver terminal. After that, the Forex Copier gets the new task from the Source (let's say to open a SELL order). This order will be processed, so you'll have 2 BUY + 1 SELL + 2 BUY STOP = 5 tasks in total. After that, the Forex Copier gets another task from the Source (let's say SELL LIMIT order). In this case, the task will NOT be processed because the total number of orders on the Receiver terminal is 5.

Ignore new orders for symbol if a current number of orders for this symbol is - defines the number of orders allowed for the particular symbol on the Receiver terminal. If the number of orders on this account for this symbol is more or equal to this value, all new tasks from the Source EA will be ignored.

For example, you have set “Ignore new orders for symbol if the current number of orders for this symbol is 2 or more”. Currently, there are 2 BUY EURUSD orders and 2 BUY STOP GBPUSD orders on the Receiver terminal. After that, the Forex Copier gets the new task from the Source (let's say SELL USDJPY order). This order will be processed, so you'll have 2 EURUSD orders + 2 GBPUSD orders + 1 USDJPY order. After that, the Forex Copier gets another task from the Source (let's say BUY STOP EURUSD order). In this case, this task will NOT be processed because the total number of orders for EURUSD = 2.

Filter by the lot size – this setting allows you to enable the orders filtering by the lot size.

Ignore orders with lot size :

• Smaller than
• Bigger than

This setting defines lot frames, within which the orders will be processed.

For example: If you set "Ignore orders with lot size smaller than 0.5 lots or bigger than 3 lots" orders with lots 0.5-3 will proceed, and orders with 0.4 or 5 lot size won't copy to the Receiver account.

Ignore new orders if total sum of lots of current orders is … or more – defines max sum of lots.

Ignore new orders if the total sum of current orders lots is at least – defines the max sum of currently opened orders lots. For example, you can set "Ignore new orders if the total sum of lots of current orders is 10 or more".

So, if there will be 6 orders on the Receiver account:4 SELL orders with lot = 2 and 2 BUY orders with lot = 1 (total amount of lots = 10)

In this case, if the Source opens an order with any lot size, it won't be processed.

Note, that if one of the current orders on the Receiver will be closed/deleted, the next opened on the Source order will be processed.

Include pending orders in the sum calculation

Check this option if you want to consider the pending orders lots into the max lot sum calculation

Currency pairs filter - option allows filtering orders by symbol name. If this parameter is off, the program will process orders for all pairs. If this parameter is on then only specified pairs will be processed.

To add currency pairs to the list, please click the "Open" button, add the currency pair’s name (exactly as they are named in your terminal) then click the “Apply” button to save the list.

In this case orders only for this currency pair(s) will be copied to the Receiver account

Magic number filter - allows filtering orders according to their magic numbers. If this parameter is empty and off then the program will process all orders. If this parameter is not empty and on then only orders with specified magic numbers will be processed.

To add a magic number to the list, please click the “Open” button, add the magic numbers in the window that appeared, then click the “Apply” button to save changes.

Copy orders by type – here you can turn on copying of BUY, SELL, Close/Delete or Modify market orders for this Receiver account only.

Copy pending orders – here you can turn on copying of pending orders by type (BUY STOP, BUY LIMIT, SELL STOP, SELL LIMIT, BUY EXECUTIONS, SELL EXECUTIONS)

Whitelist comments – enables copying for orders with specified comments.

Blacklist comments – disables copying for orders with specified comments.

To add a comment to the Whitelist or Blacklist, please click the “Open” button near the appropriate option, add the comment in the window that appeared, then click the “Apply” button to save changes.

Stop copying if:

The Equity level is less than … (in the base currency of your account) – when this option is enabled Copier will stop receiving signals from the Source in case the Equity level of the Receiver account is less than the entered value. To enable this option, just check it and specify the Equity level.

The Drawdown Percent is higher than … – when this option is enabled Copier will stop receiving the signals for orders opening from the Source in case the Drawdown percent of the Receiver account is higher than the specified value. Drawdown is calculated as the difference between current Equity and maximum historical Equity in percentage. To enable this option, please check it and specify the Drawdown %

The Drawdown Value is bigger than … (in the base currency of your account) – when this option is enabled Copier will stop receiving the signals for orders opening from the Source in case the Drawdown value of the Receiver account is bigger than the specified value. To enable this option, please check it and specify the Drawdown value.

Close all orders if one of the above conditions is met – if this setting is checked, all orders will be immediately closed if one of the conditions described above happens.

Note. If at least one of the conditions above is true, all new orders in your receiver account will keep closing. The orders will stop closing when all of the conditions above are no longer met or if the setting is disabled.

Close all orders if:

The profit reaches a certain percentage of the account balance – if this setting is enabled then the Forex Copier program will stop copying and close all orders when the profit reaches the specified % of the account balance.

The profit reaches a certain value – this setting is enabled then Forex Copier will stop copying and close all orders if your receiver’s profit reaches the predefined value in USD.

• "Copy market order" sound - this setting defines the sound to be played when the new market order is opened (for example, OpenSnd.wav). Sound files should be placed in the "Sounds" folder. Sound files should have *.wav format.
• "Copy pending order" sound - defines the sound to be played when the new pending order is placed. Sound files should be placed in the "Sounds" folder. Sound files should have *.wav format.
• "Modify order" sound - defines the sound to be played when some order is modified. Sound files should be placed in the "Sounds" folder. Sound files should have *.wav format.
• "Close order" sound - defines the sound to be played when some order is closed. Sound files should be placed in the "Sounds" folder. Sound files should have *.wav format.

Please note that if you want to reproduce these sounds, you should enable events in your terminal (Tools->Options->Events->uncheck Enable)

Comments management

Put the original order number from Source into a comment on Receiver- in this case, Copier puts the original order ticket into copied order comment.

Put an original comment from Source into a comment on Receiver- if this setting is checked, all copied orders will have the Source's comment.

For example, the Source order’s comment is “12345”. If this setting is checked, the order on the Receiver account will be opened also with the comment “12345”.

Set this comment for each copied order on Receiver – allows setting the common comment to every order.

For example, you want to differentiate orders that were copied on the Receiver account and orders that were opened on this account.

Set empty comments for each copied order on Receiver – if this setting is enabled then copying orders will not have any comments.

Copy the order magic number of the Source account as a comment on the Receiver account - this allows putting the order's magic number onto a comment on the Receiver account.

Advanced settings

This tab contains settings that, if changed, may cause copying to stop. We recommend you configure settings here if you know exactly why you want to adjust the parameter.

Slippage - is used when the signal is sent to the trading platform’s server. Slippage defines the maximum difference between the price which is sent to the trading platform’s server and the actual execution price If the slippage is too small then Copier will have to try opening orders many times. If slippage is too big then orders on Source and Receiver accounts can be opened with a big price difference. Slippage is defined in pips, 1 pip = 0.0001 for non-JPY pairs and 0.01 for JPY pairs.

Max number of attempts to execute the order if the trading terminal cannot open the order – defines how many times our software will try to open order if a broker rejects it.

Symbol name mapping - allows copying orders for the currencies with entirely different names (for example XAUUSD -> GOLD). Forex Copier has a default list of mapping symbols, but you can add new symbols or remove them by clicking the "Edit" button.

Copy at the specified time – this setting allows restriction of the copying process by time, day of the week, or day of the month.

For example, here you can set orders copying only from 08:00 to 17:00 only on Thursday or only from the 21st to the 29th day of the month, etc.

Orders will be closed in … minutes – defines the lifetime of the order. For example, if you put 120 there, Forex Copier will close the order automatically after 2 hours from opening.

If this setting is off then you can add the necessary suffix/prefix to the currency pair by yourself.

For example, if Source and Receiver brokers have differences in currency pair suffixes then Copier will adjust currency pairs names automatically.

For example: "EURUSD" ->" EURUSDfx", "EURUSD." ->" EURUSD" or “EURUSDfxf”>”EURUSDa”, etc

• Add this prefix to the symbol name of copied orders - if the broker has a Prefix in the currency pair name (like "pEURUSD") then you need to enter this prefix ("p" in the example) into this setting field.
• Add this suffix to the symbol name of copied orders - if the Source broker has some Suffix in the currency pair name and the Receiver's broker has another suffix (like "EURUSDm") then you need to enter this suffix ("m" in the example) into this setting.

Select a symbol in the market watch - this option allows the Forex Copier expert to add the required currency pair to the Market Watch after receiving the first deal for a new symbol.

Show info labels on a chart – this setting allows you to choose whether labels on the chart will be shown or not. Info labels are the text blocks that will be shown in MT4 with the green and yellow colors if the checkbox is on.

Enable the maximum order size – defines the maximum allowed lot size for a copied order. If the received lot size is bigger than the maximum allowed one, the order will be copied with a maximum allowed size.