All orders
Rules
Specification
Hi,
I am looking for a developer who can help make a Copy trader MT4/MT5.
The system should be active 24/7, and able to:
Copy:
MT4 - MT4 / MT4 - MT5 / MT5 - MT5 back and forth.
We need to have risk management function built into it, and smart trade management systems:
Risk settings
The lot size used on the copy account is based on your chosen risk setting. We support 4 different risk types;
- Risk Multiplier by Balance - Proportional lot size based the balance of both accounts.
- Risk Multiplier by Equity - Proportional lot size based the equity of both accounts.
- Lot Multiplier - A multiple of the lead accounts lot size.
- Fixed Lot - A fixed lot size regardless of the lead accounts lot size.
Copier mode
The trade copier mode can be set and changed at any time. There are 3 different copier modes;
- On - New trades, modifications and closes will be copied.
- Manage existing trades only - No new trades will be copied but existing trades will be managed to conclusion.
- Off - Any trades on the lead account will be ignored.
Stops & Limits
You can choose to copy stops and limits like for like, override with fixed levels or not copy at all. If you choose to not copy limits but the lead account has its own limits, when their limit is hit a close will be sent to the copy account.
Disable symbols
If you want to ignore certain symbols from a system as they are less profitable, you can disable any symbol. Once disabled, any trades from that symbol will be ignored.
Reverse copy
You can setup a trade copier in reverse mode meaning for each trade, the opposite occurs i.e. sell when buy or buy when sell
We also need to build in a Smart disconnect function:
Let's say account A is the main account, and account B is the account that is placing traders to be copied over to A account.
If for example account B reaches a certain drawdown limit, it will automatically stop copying trades, and close all trades immediately. This function should be able to monitor floating losses too, let's say we have a 5% drawdown limit setup the active trades copied, and future trades to be copied will be automatically closed immediately, and even further copies won't be accepted from account B onto account A.
These are our requirements. We hope to find a good developer who will be able to manage our requests, at an affordable price. Please don't ask more than our budget, we will immediately reject you, as our budget is limited.
Thank you.