Ultimate Trade Copier: Detailed User Guide

Ultimate Trade Copier for MT4 or MT5 allows you to instantly copy and sync unlimited orders from multiple masters to multiple slaves on your local machine. You are not confined to copy all the open trades from one master (on one MT4 account) over to one slave (on another MT4 account), with limited filtering on either end. Instead, you can create custom channels (or portfolios) with advanced filtering to copy from multiple masters (on one or several accounts) over to multiple slaves (on one or several accounts). Moreover, you can tailor these channels with an array of lot sizing and trade condition elements to ensure copied trades outperform the original source.

You can copy from MT5 to MT5, MT4 to MT5, MT5 to MT4 and MT4 to MT4. Also, copy from MT4/MT5 to MT4/MT5 FIFO and from MT4/MT5 to MT5 Netting.   

Additionally, most trade copiers lack full visualization of which trades synced or not and why, and at what price and time with all the key differentials. Not ours. You will see master and slave trades synced up in a beautiful panel that displays your configurations, plus customizable columns for showing master and slave ticket side by side. You will also see symbol, order type, lot size, open price, price diff, open time, time diff, SL and TP in price and pips, open profits and pips, spread, magic, comment, and close button. There is a trade specific info log explaining what (and why) trades synced or not.

Copying is fast, reliable, and robust. 

• Copy between unlimited MT5 & MT4 accounts.
  
  MT4 to MT4
  MT5 to MT5 
  MT4 to MT5
  MT5 to MT4
  MT4/MT5 to MT4/MT5 Fifo
  MT4/MT5 to MT5 Netting
  
  * Note: To copy between MT5 and MT4, both versions need to be purchased

• Switch between master or slave within same EA.

• You can have one or multiple masters (on one or multiple accounts) copy over to one or multiple slaves (on one or multiple accounts). 

• Slave's account can still trade manually or use other EAs without conflict. However, this is not the case with Fifo/netting accounts, at least not on same symbols controlled by UTC. 

• Automatic and manual symbols mapping between master and slave. 

• Allow special symbols setup (i.e.: US_500=US500;US_30=US30, etc.,).

• Market and Pending orders copying

• Max Price, Spread and Time Deviation options (even time schedule options). 

• Option to limit Max Trades on Slave

• Option to copy if Account Equity/Margin/(DD%) is above (below) certain level

• Option to copy by order type

• Option to copy old orders

• Option to copy only if master is positive or negative by x pips or atr multiplier. 

• Option to recopy closed trades

• Lot copying options

• As original
• Fixed Lot (overwrite)
• With multiplier
• Risk %
• Risk % SL Based
• Proportional Ratio
• Money Ratio (ex: 0.01 per $300)
• User can set Max and Min lot for slave account
  
  
• SL and TP syncing options
• Sync
• Don’t Sync 
• Overwrite in pips/points
• Overwrite in ATR
  
  
• Indicator Filter Options
• Filter by MA Crossover
• Filter by Momentum
• Filter by RSI
• Filter by ATR Exit
  
  
• Options to overwrite or modify original magic and comment
  
  
• Option NOT to sync closing of positions
  
  
• Advanced symbol, magic, and comment filtering (equal, not-equal, contain, not-contain) on both master and slave
  
  
• Advanced notification system 
• Popup notifications on chart 
• Alerts, Email and Push notifications

1. Drop EA on any chart of your MT4 or MT5 terminal(s),
2. Indicate Mode=Master
3. Choose any master ID (e.g, CoolSignalMix1),
4. (Optionally) Choose your master input preferences. There are only a few on master side. 
5. (Optionally) Choose your master symbol-magic-comment filter preferences
6. Once panel shows on chart, and you are happy with settings, you can click [OFF] button to [ON]

Larger GIF: here. 

Global Settings (can be used for Master or Slave)

• Master ID  — Use a custom (and same) Master ID on both Master and Slave to sync the two accounts. 
  
  For instance, if I drop the Ultimate Trade Copier on the master account, I will indicate Mode=Master and give it an arbitrary Master ID, such as the last 4 digits of my account number (e.g., Master ID=2722). Then, when I drop the EA on the account I want to copy trades to, I will indicate Slave from the mode dropdown and give it the same Master ID as I chose for the master (e.g. Master ID=2722). Those two accounts, sharing the same Master ID (2722), would then be in sync. 
  
  
• Mode — Dropdown between Master or Slave.
  
  
  
  Mode=Master, if you want to create a master channel on your account.
  
  Mode=Slave, if you want to create a slave channel on your account. 
  
  
• Calculate on Pips or Points (following options)  — Dropdown between Pips or Points.
  
  
  
  This is a global input that allows you to determine if a key measurement value is in pips or points.
  
  I'm old school, so I prefer pips, but nowadays, many traders are more familiar with points, and it is convenient to be able to toggle between the two.
  
  Whenever you see a parameter that ends in {Pips|Points}, such as Max Price Deviation {Pips|Points}, you know that this global input, Calculate on Pips or Points, decides the Pip or Point measurement of this particular input parameter. 
  
  
• Maximum trade grid lines — to enable you to increase the number of symbol rows that you can see at a glance in the panel.
  
  Default=10, which means you can see 10 symbol rows, and you can easily scroll down to see more. However, if you have 20 open trades, and you don't want to scroll down to see them all, you can indicate Max trade grid lines = 20. 
  
  
• Milliseconds (MT5) or Seconds (MT4) between updates  —  Indicates how many milliseconds or seconds to wait before looking for new trade updates.
  
  For MT5 Default=1000, or 1000 milliseconds (1 second), which is very fast. If you are a scalper, you may want to keep it at this default or decrease the number. However, if your trades are not reliant on speed, and you want to minimize the CPU load, you can set it at a higher millisecond like 10000.
  
  For MT4 Default=1, or 1 second, which is very fast. However, if your trades are not reliant on speed, and you want to minimize the CPU load, you can set it at a higher second count like 10-30.
  
  
• Font  — enables you to set the font (ex. Ariel) for the Panel. 
  
  
• Font Size  — enables you to set the font size (ex. 8) for the Panel.
  
  If you set the font bigger or smaller the Panel will scale up or scale down proportionally. Thus, if you wanted to make the panel display smaller on your screen, you could try setting Show Comment Column=false, Show Magic Number column = false, and Font Size=7 (or 6).  
  
  

Master Settings

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• Lots Options: 

• Fixed Lots  — Allows you to indicate a custom fixed lot size for the master trades, which overrides the original lot sizing.
  
  For instance, if the original trades were all variable, ranging from 0.01 to 1.0, but you want them sent all to be a uniform 0.01 lots, you would indicate Fixed Lots=0.01, and these trades would be all be sent out as 0.01. Default=0, which is inactive.
  
  
• Lots Multiplier  — Allows you to indicate a lot multiplier for the master trades.
  
  For instance, if your original trades were 1.0 lot, but you wanted them all to be 10 times less, you would indicate Lots Multiplier=0.1, and those trades would be sent out as 0.01. Default is 1.0, meaning that they are sent out as they are, without multiplier effect. 
  
  
• SL/TP Copying:
  
  
• Default Stop Loss  — Allows you to indicate a Pip|Point based Stop Loss for all your trades, which overrides the original stop loss.
  
  For instance, if your original trades had a variable SL from 0 to 300, but you wanted to give them all a uniform SL of 100 pips, you would indicate Default Stop Loss=100. Default=0, which is inactive. 
  
  
• Default Take Profit — Allows you to indicate a Pip|Point based Take Profit for all your trades, which overrides the original take profit.
  
  For instance, if your original trades had a variable TP from 100 to 500, but you wanted to give them all a uniform TP of 200 pips, you would indicate Default Take Profit=100.  Default = 0, which is inactive. 
  
  
• Other Options: 

• Send Pending Order After Executed  — True or False. Allows you to indicate if you want the pending trade (buy/sell stop or buy/sell limit) to be sent AFTER the order executes (true) or when it is still in pending state (false). Default = true, which means that the order will only be sent out to the slave after it is been touched or executed. 

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Slave Settings - Inputs Block #1 - Slave ID/Mode and Lot Options

• Slave Identifiers

• Slave ID — (Optional). Use if you want a master from one account (e.g., Account-A:12456) to sync with two or more slave variations on a separate account (e.g., Account-B: 12457).
  
  Most of the time users will set up a master from Account-A to sync with only one slave on Account-B, and in these more common cases, only the common Master ID is needed, not the Slave ID.
  
  However, it is conceivable that a user wants to copy two different portfolios  (different symbols or magics with different lot sizing and different filters) on the slave account. Thus, the user will need to setup two instances of Ultimate Trade Copier in Mode=Slave on the slave account. Each slave instance will share the same Master ID that links it up to the master on Account-A (e.g., Master ID=2722), but they will have two very different Slave IDs (e.g., Slave ID=Slave1 and Slave ID=Slave2) in order to properly differentiate the two slaves working on the same account, following the same master, with different configurations. 
  Warning! For Fifo/netting, you have to make those different slaves work on different symbols. 
  
• Apply Filter Indicator Template  — when using any of the Indicator Filters (MA, Momentum, RSI), one can apply the template of these filters to see them in action on the chart. 
  
  
• Slave Mode  — Dropdown {Normal, Fifo/Netting}
  
  
  

Indicate Slave Mode = Normal (default), if your MT4/MT5 is a regular hedge account.

Indicate Slave Mode=FIFO/Netting, if your slave is a MT4 FIFO account (ex: Oanda US) or MT5 Netting Account (ex. AMP Futures MT5). Behind the scenes, UTC cleverly manages the complex math involved to make sure all your trades are FIFO or netting compliant. 

Warning! For Fifo/netting, you should be aware of the following limitations: 
- you cannot use trade order conditions
- you cannot use indicator filters

• Lot Options

• Lot Calculation  — Dropdown {Original, Fixed, Multiplier, Risk %, Risk% SL Based, Proportional Ratio, Money Ratio, Free Margin %}. 
  
  Choose a lot calculation method that is suitable for your situation. The explanations of each are below. 
  
  
• Lot Fixed  — Allows you to indicate a custom fixed lot size for the slave trades, which overrides the master lot sizing.
  
  For instance, if the master trades are all variable, ranging from 0.01 to 1.0 lots, but you want them copied as uniform 0.02 lots, you would indicate Lot Fixed=0.02, and these trades would be all be copied as 0.02 lots. Default=0, which is inactive. 
  
  
• Lots Multiplier  — Allows you to indicate a multiplier of the master trades.
  
  For instance, if the master trades were 1.0 lot, but you wanted them all to be 10 times less, you would indicate Lots Multiplier=0.1, and these trades would be copied as 0.01. Default is 0, which is inactive.
  
  
• Calculated On — Dropdown {Equity |Balance| Free Margin}. 
  
  
  
  Use this dropdown to figure determine if your Risk % or Proportional Ratio calculation or Money Ratio (below) is based on either Equity, Balance or Free Margin. 
  
  
• Risk % — Allows you to define the risk in percent you want to take on each trade.
  
  There are two versions of Risk %: 
  
  Version1: Risk %
  >> Lot Calculation = Risk%
  The formula is:
  Slave lots = Slave {Equity |Balance |Free Margin} * Risk(%) / Contract size * Leverage
  
  Example:
  Risk %=5%
  Slave Equity: 1219
  Contract Size: 100,000
  Leverage: 200
  = 0.12 lots
  
  Version2: Risk % SL Based
  >> Lot Calculation = Risk% with SL
  Here is the formula for Risk% SL Based:
  
  We use this formula to calculate how much would you lose if a trade touchs a SL:
  
  RiskAmount=Lot * SlPoints * ContractSize * Unitcost
  
  and from that formula, we use another formula:
  
  Lot= RiskAmount / ( SlPoints * ContractSize * UnitCost)
  
  Note: UnitCost is used to convert the result to the account currency, if the account currency is USD and you are working with EURUSD, then the unitcost is 1. if the account currency is USD and you are working with EURJPY, then the unitcost is the conversion from 1 JPY to USD
  
   
• Contract Size Manual (ex:100,000).0=symbol's own contract size  —  Allows you to input a manual contract size for the calculation of risk% and risk% SL.
  
  Both Risk % and Risk % SL Based use contract size in their formula, which seems to work well for currency pairs. However, because non-currency pairs have unusual contract sizes, one might consider manually inputting the contract size for them, such as Contract Size=100,000. 
  
  For example, one of our users (Riza) wanted to use Risk % for XAUUSD on a 400:1 leverage brokerage,  and he indicated 0.2% Risk for a $380 account size and it generated a huge an unexpected and overlarge 3 lot contract.
  
  Why this unusually large output?
  
  Because XAUUSD has an unusual contract size of 100.
  =380*0.002/100*400
  =3.04
  
  But now he can use the manual contract size feature to get a better output:
  
  If Riza uses the
  Risk %=0.2
  Contract Size Manual=100,0000
  
  Then he would get:
  =380*0.002/100,000*400
  =0.003, which would mean 0.01 because 0.01 is the min contract size
  
  In a nutshell, the manual contract size feature is essential to use if you 1) wanting to use risk% or risk% SL lot calculation; and 2) your are trading with any non-currency symbols like XAUUSD or SPX500;
  
  
• Proportional Ratio — Allows you to define the proportional lot ratio to take on each trade based on master lots, slave equity, and your custom lot ratio.
  
  The formula is: Slave lots= Master lots * (Slave {Equity |Balance| Free Margin} / Master {Equity |Balance| Free Margin} * Lot Ratio)
  
  Example with 1.0 Lot ratio:
  Master Lots: 0.09
  Slave Equity: 3000
  Master Equity: 9000
  Slave Lots: 0.03
  
  
• Money Ratio, lots  — Indicate the amount in lots per $dollar amount in {Equity | Balance | Free Margin}. See example below.
  
  
• Money Ratio, amount —  Indicate the $dollar amount in {Equity |Balance| Free Margin}.
  
  For example, if you chose Money Ratio, lots = 0.01 and Money Ratio, amount = 300, you will be wanting to trade 0.01 lots per $300 in  {Equity |Balance| Free Margin}
  
  
• Min Lot Size  — The minimum lot size of slave order.  If any of the lot calculation is less than Min Lot Size, the copier will open an order at Min Lot Size.
  
  For example, if you chose Min Lot Size = 0.1, then the copier will open an order at the minimum of 0.1, regardless of how it might have been calculated lower because of the lot sizing method employed.  
   
• Max Lot Size  — The maximum lot size of the slave order. If any of the lot calculations is more than Max Lot Size, then the copier will open an order equal to Max Lot Size. 
  
  For example, if you chose Max Lot Size = 0.10, then the copier will open an order at the maximum of 0.10, regardless of how it might have been calculated higher because of the lot sizing method employed. 
  
  

• Global master suffix (Ex: .s)   — If master has an uncommon suffix (Ex: .s), and slave does not, then you can input that uncommon suffix here, and master and slave will sync up properly. 
  
  
• Global slave suffix (Ex: .s)   — If slave has an uncommon suffix (Ex: .s), and master does not, then you can input that uncommon suffix here, and master and slave will sync up properly. 
  
  
• Global slave suffix exclusion list (US_500,US30)  — If you are applying an uncommon suffix (Ex: .s) to either Global master suffix or Global slave suffix, and you are also trading instruments (Ex: US_500, US30) that do not have an uncommon suffix, you probably want to include these instruments here, so that they don't participate in the global suffix change. 
  

• Symbol Matching.  Allows the pairing of symbols that are dissimilar in name in master and slave. Since I trade CFD contracts between brokers, and brokers tend to name CFD contracts differently, I use this feature a lot. 

• Symbol Matching/Pairing - [MasterSymbol1] = [Slave Symbol1]; [MasterSymbol2=[SlaveSymbol2].
  
  For example, if I used Symbol Matching/Pairing=US_500=SXP500; US_30=DOW30, I would be able to sync up the master-side symbol of US_500 with the slave-side symbol of SPX500; moreover, I would sync the master-side symbol of US_30 with the slave-side symbol of DOW30.  

Slave Settings - Inputs Block #2 - Trade Order Conditions

• Comment to Copy - [Dropdown]  - 
  
               
  
• [MasterComment]  — copies the master trade's comments, exactly. 
• [MasterComment][ID]  — copies the master comment followed by master ID. 
• [ID][MasterComment]  — copies the master ID followed by master comment
• [ID]Mastercomment][Magic]  — copies the master ID followed by master comment followed by master magic
• [ID][Custom][Magic]  — copies the master ID followed by custom comment (below) followed by master magic
  
  
• Custom Comment  — allows you to put in a custom comment (e.g., CoolSignal) that works with the last dropdown element above, the [Custom] sandwiched between [ID] and [Magic]
  
  
• Master Magic # to Copy  - [Dropdown]  - {MasterMagic# | CustomMagic#}
  
  
  
  
  • [MaserMagic#]  — copies the master's magic number
  • [CustomMagic#]  — copies the a custom magic number, chosen by the user
• Custom Magic Number  — allows you to indicate a custom magic number (e.g., 8374737) that works with the last dropdown element above, [CustomMagic#]
  
  
• Copy If Equity Above, $  — copies only if Equity of slave account is greater than a custom dollar amount. 
  
  For instance, if you indicate Equity Above,$=1000, then you will copy only if your slave account had an equity above $1000. 

• Copy If Margin Level Above, %  — copies only if Margin of slave account is greater than a custom percentage
  
  For instance, if you indicate Margin Level Above,% = 70, then you will copy only if your slave account had a margin level above 70%. 
  
  
• Copy If Floating DD Less Than, %   — copies only if Floating DD% is less than a custom percentage. 
  
  For instance, if you indicate Floating DD Less Thank,%=5, then you will copy only if your slave account had less than 5% Floating DD. 
  
  
• Copy Pending Orders  — true/false. If true, copies all master's pending orders (buy/sell stop or buy/sell limit orders).If false, it doesn't copy the pending orders, and instead it copies pending orders when they have been touched or executed.
  
  Default=false because the slave will get the pending orders when executed anyway.  
  
  
• Copy Close Signal  — true/false. If true, copies the master's closing transactions. If false, it only copies the master's entries, not the closes.
  
  Default=true because most of the time it is very important to copy the master's closing orders. 
  
  
• Copy All Old Orders  — true/false. If true, copies the master's existing open orders prior to the slave EA being dropped on to the account. If false, it ignores the master's existing open orders and only copies new orders. Default=true. 
  
  
• Copy Trade MasterNeg[ative] / MasterPos[itive] ( N / P ) - [Dropdown]  — Inactive | Negative | Positive
  
   
• Inactive  —  Copies masters trades as is, regardless if master trades are negative or positive
• Negative  —  Copies master trades only if they are negative (in pips/points or ATR based)
• Positive  —  Copies master trades only if they are positive (in pips/points or ATR based)
  
  
• N/P Mode - [Dropdown]-   {Pips|Points} | ATR
  
   
  
  
• {Pips|Points}  — determines positive/negative trades in pips|points.
  Remember: The setting for whether you want all movements to be calculated in pips OR points is a global inputs called Calculate On Pips or Points.
  
  
  
• ATR  — determines positive/negative trades in ATR based version of pips/points. 
  
  
• N/P { Pips/Points }  — sets the custom number for how much the trade should be positive or negative. Default=50.
  
  For example, if Copy Trade MasterNeg/MasterPos=Negative, and N/P Mode=Pips/Points, and N/P {Pips/Points}=50, then I will only copy the master trades if they are -50 pips or worse.  
  
  
•  N/P ATR Period - [Dropdown of timeframes for ATR]  —
  
             
  
  
• N/P ATR Length  — sets the length of the ATR. Default=24.
  
  
• N/P ATR Multiplier  — sets the multiplier of the ATR. Default=1. 
  
  For example, if Copy Trade MasterNeg/MasterPos=Positive, and N/P Mode=ATR, and if the combination of ATR time frame period + length + multiplier on EURUSD calculates to 9 pips, then I will only copy the EURUSD master trades if they are +9 pips or better.  
  
  
• Recopy Closed Trades  — true/false. True allows for the recopy of master trades that had been closed on the slave-side, for whatever reason. Default=false. 
  Note: I use this feature a lot. For instance, imagine I'm using Ultimate Trailing Stop EA on the master account, and my Chandelier Exit trail exits a few slave trades that are still open on the master. Well, then, with Recopy Closed Trades=true, I can wait for the market to enter again at a better price, either by using CopyTrade Master Neg / Master Pos, or Price Offset in {Pips|Points},effectively getting in on a second or third round of action. 
•  How many times to recopy closed trades  — allows you to set the number of times to recopy closed trades, if Recopy Closed Trades=true. Default=3, which means you can recopy 3 times, so long as slave trades are within Max Price Deviation of master trades. 
  
  
• Copy Long Trades  — true/false. True copies long trades. False ignores long trades. Default=true. 
  
  
• Copy Short Trades  — true/false. True copies short trades. False ignores short trades. Default=true.
  
  
• Reverse Trades  — true/false. True reverses master entries. False ignores the reversal. Default=false
  
  For instance, if Reverse Trades=true, then a EURUSD long on master will be transformed to a EURUSD short on slave. This could be useful if you are copying really terrible signals and want to make them profitable. 
  
  
•  Max Price Deviation {Pips|Points} — Copies only those master trades that are within the pips | points deviation of master entry price. Default=10. 
  
  For instance, if Max Price Deviation=10, and EURUSD master trade entered at 1.03120 an hour ago, but you didn't activate the slave till now, and the price of EURUSD is now 1.03320 (20 pips above where it entered on master), slave will not enter this trade until EURUSD falls back below 1.03220 (within 10 pips from where it entered on master). Likewise, if Max Price Deviation=10, and EURUSD is now 1.0292 (20 pips below where it entered on master), slave will not enter this trade until EURUSD rises above 1.03020 (within 10 pips from where it entered on master). 
  
  Often when I am just activating the slave on an account with many pre-existing master trades open, it is Max Price Deviation=10 default input that is preventing many of these trades from copying over. If I am feeling FOMO on some of these already profitable trades, then I tend widen the Max Price Deviation, putting Max Price Deviation = 50 and rationalizing to myself that if I don't jump on these trades now I will miss out on their larger Take Profit homeruns.  
  
  Note: If Copy Trade MasterNeg/MasterPos is activated, then it overrides Max Price Deviation. 
• Max Spread { Pips Points }  — Copies trades only if broker spread is max or below. Default=5000, so large that max spread is not active. 
  
  Max spread could be useful to identify so that you get the price you want, especially during very volatile market conditions.For instance, suppose you are trading GBPUSD, and you know there are important news announcements coming out that can create increased volatility and spread widening on this pair. Suppose your regular broker spread is 3 pips for this pair, and you don't want to trade it if is more than 6 pips, at any point. So you indicate Max Spread=6, which means you will only copy trades if broker spread is 6 pips or less.  
  
  
• Max Time Differential, Seconds  — Copies trades only if entry time differential is less than X seconds. Default=0, inactive. 
  
  Maybe you don't want to copy trades if they are older than an 10 minutes. So you put in Max Time Differential=600, which means you are going to copy trades if they are less than 10 minutes old (10 minutes=600 seconds). 
  
  
• StartTime  — Copies trades only if slave broker time starts at a particular time, HH:MM. Default=00:00, inactive. 
  
  For instance, imagine you want to start copying only at 8:00 am, so you would put in StartTime=08:00.
  
  
• EndTime  — Copies trades only if slave broker time ends at particular time, HH:MM. Default=00:00, inactive.
  
  For instance, imagine you want to end copying only at 1:00 PM, so you would put in EndTime=13:00.
  
  
• Session Time Filters By Day of Week with possibility of Closing at end of each session
  
  
  
  This is a more sophisticated set of time filters because now you can indicate multiple permitted trade copy sessions and even close trades at end of these permitted sessions. 
  
  For instance, if you indicated Frid Time Filter = 6:00-13:00, 15:00-17:00; it would mean that the system only copies trades from 6:00-13:00 on Friday, then takes 2 hours off, and resumes trading between 15:00-17:00. 
  
  
  Skip altogether if beyond start time range = false means that old trades can be copied in future time sessions, so long as it remains within the boundaries of other filters, such as trade price still remaining less than Max Price Deviation. True means that if a trades is skipped because it occurs outside a permitted copy time session, then it cannot be recopied in a future permitted copy time session. 
  
  
• Max Open Trades  — Makes sure that there are a max number of open slave trades that can be copied. Default=0, inactive.
  
  For instance, imagine that you had 50 EA strategies or signals on master, with an indeterminate number of them open at any given time; meanwhile, you only wanted to have a max of 10 concurrent trades open on slave, so you indicate Max Open Trades=10.  
  
  
• Max Open Trades Per Symbol (MOTPS)  — Makes sure that there are a max number of open slave trades  per symbol that can be copied. Default=0, inactive.
  
  For instance, imagine if you had Max Open Trades=10, and Max Open Trades Per Symbol=1, then you could have a maximum open trades of 10, 1 trade per symbol. 
  
  
• Ignore MOTPS if SL above BE   — True means that it resets the count of MOTPS if any one symbol trade reaches BE.
  
  Imagine:
  
  Max Open Trades=10;
  Max Open Trades Per Symbol (MOTPS)=1;
  Ignore MOTPS count if SL above BE=true;
  
  If we had the second and third inputs, then the slave would allow a max of 10 trades, 1 trade per symbol, but if any one symbol's SL reached BE or better, it would be ignored in the count and another trade of the same symbol can be copied.
  
  
• Max times to retry on error  — As the name indicates. 
  
  
• Master Hour Adjust  — The value to adjust slave to master GMT.
  
  If Master broker is GMT+1 and Slave Broker is GMT+3, then Master Hour Adjust=2. It is good to make sure on this adjustment if you are using Max Time Differential. 
  
  
• Maximum losing trades per day  — The value to indicate how many losing trades you want to copy per day. 
  
  For instance, if Maximum losing trades per day=3, then it will allow 3 losing trades per day before it stops copying altogether. This can be a useful feature to prevent multiple losses in a breakout system on a very volatile day. 
  
  
• True, reset count after win  — true/false. It adds an interesting nuance to the above input. 
  
  If Reset count after win=false, and Maximum losing trades per day = 3, then it will allow 3 losing trades per day before it stops counting altogether, no matter if it there are winning trades interspersed with the losing trades. If the controlled EURUSD trade loses 2 times, wins 1 time, and then loses 1 time, it will stop trading, because it has reached a count of 3. 
  
  If Reset count after win=true, and Maximum losing trades per day = 3, then it will allow 3 losing trades per day before it stops counting altogether only if the losing trades occurred concurrently.  If the controlled EURUSD trade loses 2 times, wins 1 time, then the 1 win resets the count, and so if it loses 1 time after the win, it sill has 2 more concurrent losses to go before it stops copying. 
  
  
• Max negative trades per symbol   — true/false. Related to Max losing trades per day, it determines if the count is per symbol or in aggregate.
  
  If Max Losing trades per day=5 and Max negative trades per symbol = true, it is counting per symbol, so max losing trades of 5 per symbol; if Max negative trades per symbol=false, it is counting in aggregate, so max losing trades of 5, regardless of symbol.
  
  

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Slave Settings - Inputs Block #3 - SL & TP Copying Options

• SL/TP Copying 

• SL / TP copy method   —  
  
  
  
  
• Sync  — Sync SL/TP levels
• Don't Sync / no stoploss, takeprofit — Don't Sync SL/TP levels
• Overwrite with {Pips|Points}  — Overwrite SL/TP with one's own SL/TP (below)
• Overwrite with ATR levels  — Overwrite SL/TP with one's own ATR levels (below)
  
  
• Stop Loss (Pips|Points) to work with the overwrite  — if SL/TP copy method=Overwrite with {Pips/Points}, then you indicate the stop loss in pips or points in this custom field. 
  
  
•  Stop Loss , ATR Period   — if SL/TP copy method=Overwrite with ATR levels, then you indicate the SL ATR Timeframe Period with this period: 
  
  
  
  
•   Stop Loss , ATR Len  — if SL/TP copy method=Overwrite with ATR levels, then here you indicate the SL ATR Length. Default=24. 
  
  
• Stop Loss , ATR Multiplier  — if SL/TP copy method=Overwrite with ATR levels, then here you indicate the SL ATR Multiplier. Default=10. 
  
  
• Take Profit { Pips Points ) to work with the overwrite   — if SL/TP copy method=Overwrite with {Pips/Points}, then you indicate the take profit in pips or points in this custom field. 
  
  
• Take Profit , ATR Period  —  if SL/TP copy method=Overwrite with ATR levels, then you indicate the TP ATR Timeframe Period with this period: 
  
  
  
  
• Take Profit , ATR Len  — if SL/TP copy method=Overwrite with ATR levels, then here you indicate the TP ATR Length. Default=24
  
  
• TakeProfit , ATR Multiplier  — if SL/TP copy method=Overwrite with ATR levels, then here you indicate the TP ATR Multiplier. Default=20