Add Master and Slave Accounts
First of all, you should add master and slave accounts. If your license included STP add-on, you should select patch to your master terminals and click “Check” button. Copier will determine the account credentials.
If your license doesn’t include STP add-on, you should select server from list, enter ‘description”, login and account number.
Read more how powertradecopier works with STP add-on: http://powertradecopier.com/?p=16
- For master account with STP add-on you should use master (main) password;
- For master account without STP add-on you should use investor 9read only password);
- For slave account you should use master (main) password.
Next step: you should link master and slave accounts.
Lot Scaling for Slave Accounts
On transformation tab, you should adjust lot scaling.
You can use 2 most popular lot scaling options: Ratio (MS) or Fixed
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) = 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
Lot size on slave doesn’t depend from lot size on master account and equal to parameter “Fixed”.
Slave Lot Size = Fixed
Fixed = 0.25
Master Lot Size = 1 Slave Lot Size = 0.25
Master Lot Size = 1.1 Slave Lot Size = 0.25
Copying tab is very important tab. If you copy non scalping strategy we recommend to check “Copy with slave price”. Copy with slave price – this option allows copying the order to slave at slave’s price no matter how far it is from master’s price (slippage will be ignored).
If you copy scalping strategy,do not checkcheck “Copy with slave price” and adjust “slippage” .
RepeatCount – this is the number of retries that software will do if order copying will fail by any reason except slippage error (for example if you will get “trade context is busy” on slave while trying to copy the order).
We also recommend to overwrite comments with your own comments.
We have published several articles about filters:
You can hide pending orders from your broker.
You should select copying mode for StopLoss and TakeProfit
“A”: absolute mode. StopLoss and TakeProfit values will be copied from master side as is.
“P“: pips mode. StopLoss and TakeProfit values will be adjusted. Absolute values transforms to pips, then pips applied to calculate new StopLoss and TakeProfit on slave side.
Hidden – in this mode StopLoss and TakeProfit will be hidden from broker (will not be copied to slave). The values of StopLoss and TakeProfit profit stored in the memory and software will observer the price on slave; when proper level of SL/TP will be reached, order will be automatically closed by software.