Light Orders Copier
High-speed trades copier (trades duplicator). Made for copying trades with adjusted lot size and direction at same account.
It can be useful for subscribers of SIGNALS service. If you are a subscriber of trading signals then you can see that trading lot size can be different from signal provider to subscriber.
Provider can use too high or too low lot size that can be inappropriate for your deposit amount and risk.
Another feature of this copier is a trading reverse. It can be useful for loss strategies - in this case BUY order can turn to the SELL order and vice versa.
So it can give a chance to take a profit instead of loss.
Example 1: Original lot size is 0.01. We need to increase it 10 times.
Solution: Set Lot multiplier to 9. In this case EA will copy trade and the newly lot size will be 0.01x9=0.09.
Total lot size will be 0.01 + 0.09 = 0.10 lots.
Example 2: Original lot size is 0.1. We need to decrease result lot till 0.02
Solution: Set CopyMode = REVERSE and Fixed lot size 0.08.
Total lot size will be Buy 0.1 + Sell 0.08 = Buy 0.02 lots.
Important! It is necessary to run EA only on 1 pair (symbol) and at 1 local computer or VPS-server.
The pair's name or timeframe doesn't matter because EA takes care of all pairs and trades. In other case each EA instance can execute additional trades.
- CopyMode - Orders copy mode. There are available 2 modes: direct copying and reverse copying.
- Trades operations - 1.Open and close orders 2.Open new orders only 3.Close old orders only.
- Signal's definitions - 1. By Magic (ID) number 2. By orders' comments
- Magic Number - Orders' magic number (ID). It allows to choose ID of copied trades. By default is = -1, that means copy ALL trades.
- Order's comments - If orders' comments line is empty then copy ALL trades. If not empty then copy just trades with specific comments
- LotMultiplier - Lot multiplier. If =1.0 then resulting orders' lot will be the same
- FixedLot - Uses fixed lot. If 0 then OFF and uses LotMultiplier
- SL and TP mode - 1.Copy source SL and TP 2.Do not copy SL and TP 3.Copy SL only 4.Copy TP only 5.Copy defined SL and TP
- Defined SL - set specific SL if the above property <SL and TP mode> allows it
- Defined TP - set specific TP if the above property <SL and TP mode> allows it
- Duplicated profit XX points - invisible TakeProfit - to close duplicated order when profit reached XX points. If 0 then OFF
- Max Slippage - Max slippage that allows to open duplicated trade. If 0 then OFF - new trades will open in any way
- Max DropDown - Max drop down % to stop copying new trades. If 0 then OFF
- Custom orders comments - You can mark duplicated orders with your own comments or leave it empty
- Allow pairs to trade - You can list pairs EURUSD;GBPUSD;USDCHF or leave it empty to trade all pairs
- SendPush MT4 notification - Allow to send push-messages of trade opening/closing events to your mobile MT4 terminal.
- WAV-file for Open trades - WAV-sound file name for trade opening events.
- WAV-file for Close trades - WAV-sound file name for trade closing events.
1. Added ability to copy trades by orders' comments. (option by ID#-magic number or by comment)
2. Added Slippage function - allow to copy trades if price distance is not more then SLIPPAGE points.
3. Added ability to close duplicated orders by profit XX points (Virtual invisible TP).
4. Added Maximum DropDown function - to stop copy new trades if DD limited is reached (% equity/balance).
5. Added ability to set custom orders comments. Final comment will be shown as "XXXXXX + custom comment", where XXXXXX - original order's ticket .
6. Added abilities to set defined SL and TP, and virtual invisible TP as well
7. Added modes: Copy and Close / Copy new orders only / Close old orders only
8. Appearance changed: added new information hints and big coloured fonts.
1. TimeOut (seconds) - time limit to make duplicate trade. If duplicate trade will close manually after TimeOut limit then it will not resend again. To turn this feature off, set it to 0.
2. Sounds and push notifications added.
3. Increased copying speed.
IMPORTANT! Install just one instance of LightCopier at any pair. In other case, the duplicate can be put twice or more times.