Account Copier Feature: Add spread
This feature will be very useful if you copy forex scalping strategy or strategy with short sl or tp.
– this feature adds a multiple of the spread to the entry and or exit. In short when the master opens the order (BUY, SELL), on the slave a pending order should be opened (BUY LIMIT, SELL LIMIT) with execute price of the original order + (-) “Add Spread” value.
In NORMAL (non-reverse) MODE the “Add Spread” will always be deducted from the order’s BUY price and added to the order’s SELL price.
Example 1: If order was opened on master account BUY at 1.3852 and “Add Spread” = 2, then on slave account BUY LIMIT order will be opened at 1.3850
Example 2: If order was opened on master account SELL at 1.3855 and “Add Spread” = 5, then on slave account SELL LIMIT order will be opened at 1.3860
In REVERSE MODE function should also work together with “Reverse” mode. In this mode, BUY LIMIT order will always be below the market price and SELL LIMIT order will be above the market price.
Example 3: If order was opened on master account SELL at 1.3910 and “Add Spread” = 4 , then on slave account BUY LIMIT order will be opened at 1.3906
Example 4: If order was opened on master account BUY at 1.3920 and “Add Spread” = 4 , then on slave account SELL LIMIT order will be opened at 1.3924
If “Add Spread” = 0, then the function will continue to open the LIMIT order at exactly the same price as the original master order
Example 5: If order was opened on master account SELL at 1.3910 and “Add Spread” = 0 , then on slave account BUY LIMIT order will be opened at 1.3910
Example 6: If order was opened on master account BUY at 1.3920 and “Add Spread” = 0 , then on slave account SELL LIMIT order will be opened at 1.3920
Account Copier Feature: Margin control
Margin control – allows to close all active orders on slave account and not copy new ones when this slave account’s balance reaches specific value. If it is active (checked), user can specify the in two edit boxes: Risk percent and Balance start.
Example:
Risk percent = 25
Balance start = 20000.00
Above means that we are willing to take risks 25% from $20000.00 which is $20000.00-$5000.00 = $15000.00
Therefore if the account balance will reach the level $15000.00 then margin control function should work and it should
1) close all currently active trades on this slave account
2) block copying any new trades to this account
