Account Copier Money Management Options

PowerTradeCopier is account copier with  a lot of user defined money management (percent by account balance, percent by equty, etc.) You can adjust lot scaling options on “transformation”tab

.account copier transformation tab

On this tab you may specify lot scaling options i.e. the way of lot size calculation for slave side.

You can use several lot calculation modes for PowerTradeCopier.

Ratio (MS) mode

You can use this option if you would like to copy trades with constant coefficient.  Slave lot calculated as master lot multiplied by Ratio(MS) coefficient.
Slave Lot Size = Master Lot Size * Ratio(MS)
ratio MS account copier mode

Example:
Ratio(MS) = 2

Master Lot Size = 1       Slave Lot Size = 1 x 2= 2
Master Lot Size = 1.1    Slave Lot Size = 1.1 x 2= 2.2
Etc.

Fixed mode

Lot size on slave doesn’t depend from lot size on master account and equal to parameter “Fixed”.
Slave Lot Size = Fixed

account copier fixed mode

Example:
Fixed = 0.25

Master Lot Size = 1        Slave Lot Size = 0.25
Master Lot Size = 1.1     Slave Lot Size  = 0.25
Etc.

Balance(1) mode

This mode allows you to control percent of the capital, which you are ready to risk for each slave account.

Slave Lot Size calculated as:
Slave Lot Account Balance/Basis * Percent

Basis – depends from leverage and account type (standard, mini, micro etc.)
Percent – percent of the capital (balance), which you are ready to risk for each slave

account copier balance mode

Example:
SlaveBalance: 300000.00
SlaveBasis: 1000.0
BalancePercent: 0.50

SlaveLotSize = SlaveBalance/SlaveBasis * BalancePercent/100 = 300000.00/1000.0 * 0.50/100 = 1.50

RiskPcntEquity mode

This mode allows you to risk the same percent of capital both on slave and master terminals.

Lot calculation is available in two scenarios in this mode:

Scenario 1
SlaveLotSize = RiskPcntEquity / ( (MasterOpenPricePips – MasterStopLossPips) / Basis)

Scenario 2
SlaveBalance * MasterLotSize / MasterBalance * Ratio

In this mode it is necessary to check if SL and TP were placed. And select one of specified scenarios.

There are four possible options:

1) Master StopLoss and Master TakeProfit are not placed (Scenario 2)
2) Master StopLoss is placed, and Master TakeProfit is not placed (Scenario 1, because Take Profit can be placed later and doesn’t affect lot size or risk)
3) Master StopLoss is not placed and Master TakeProfit is placed (Scenario 2, because Take Profit doesn’t affect lot size or risk)
4) Master StopLoss and Master TakeProfit are placed (Scenario 1)

account copier equity mode 1

Example 1 (Scenario 1, when MasterStopLoss is set):
RiskPcntEquity: 5.00
Basis: 50.00
MasterOpenPrice: 1.34280
MasterStopLoss: 1.34230

SlaveLotSize = RiskPcntEquity / ( (MasterOpenPricePips – MasterStopLossPips) / Basis) = 5.00 / ( (134280 – 134230) / 50.00) = 5.00 lots

account copier equity 2 mode

Example 2 (Scenario 2, when MasterStopLoss is not set):
Ratio: 4.00000
MasterLotSize: 0.50
MasterBalance: 5010.00
SlaveBalance: 3000.00

SlaveLotSize = SlaveBalance * MasterLotSize / MasterBalance * Ratio = 3000.00 * 0.50 / 5010.00 * 4.00000 = 1500.00000 / 5010.00 = 1.19760 = aprox. 1.20

FreeMargin

Mode is currently unavailable

LotRatio (MRT)

Mode is currently unavailable

Balance(2) mode
In this mode you may calculate slave lot size according to slave account balance and desired maximal risk.
Slave Lot Size calculated as:
Master Lot Size * (Slave Balance / Master Balance) * Ratio (risk)

Example:
MasterLotSize = 1.50
MasterBalance = 30000.00
SlaveBalance = 60000.00
Ratio (risk) = 4.00

SlaveLotSize = MasterLotSize * (SlaveBalance/MasterBalance) * Ratio (risk) = 1.50 * (60000.00/30000.00) * 4.00 = 1.50 * 2.00 * 4.00 = 12.00

MinLot and MaxLot – You can set minimal and maximal size of lot calculated on slave account.

http://multiterminal.net

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