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
.
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)
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
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
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)
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
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.
