Most scalping systems use a small distance between price and SL and (or) price and TP. But a lot of brokerage companies have limitations.
- Stop Loss, Take Profit and Pending Orders 10 pips or more away from the current price
- Most of the trades must be open for more than 1 minute
Some brokers have limitations: Take Profit and Pending Orders 5 pips or more away from the current price. For this reason if you copy trades from scalping system and your system uses small SL or TP, sub-accounts with limitations can reject your orders. How to avoid this limitation. We have addedtwo options to our “PowerTradeCopier” Mt4 account copier
Correct SL and Correct_TP settings in “Stops” tab allow to set minimal (maximal) possible SL (TP) on slave in case when source SL (TP) on master side is out of acceptable bounds for slave side.
These settings help you to copy all orders from master terminal to slave terminals and avoid limitations. You can find more information about PowerTradeCopier on our website: http://multiterminal.net