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Mirror controller

Mirror software for MetaTrader 4 is a fast and high-quality trade copier for unlimited accounts and is a very useful tool for account managers.

This application consists of two parts: "Mirror controller" (it is a free indicator) and "Mirror EA" (Expert Advisor). All products are required to work.

"Mirror controller" must be loaded on MASTER account and each "Mirror EA" on a single SLAVE account. There is no limit to the number of SLAVE accounts which could be configured.


Other Demo Video

Settings of Mirror Сontroller

  • For each action, you can choose a audio voice among 4 predefined ones (David, Peter, Mary, Jennifer):
    • Order placed;
    • Order execution;
    • Order modified;
    • Order deleted;
    • Position opened;
    • Position modified;
    • Position splitted;
    • Position closed;

Settings of Mirror EA

  • Master account number (required);
  • Master symbol (required);
  • Slippage for entry and exit positions;
  • Money management rules;
  • Emergency stop loss (Enable or disable) and emergency stoploss distance;
  • For each action, you can choose a audio voice among 4 predefined ones (David, Peter, Mary, Jennifer):
    • Order placed;
    • Order execution;
    • Order modified;
    • Order deleted;
    • Position opened;
    • Position modified;
    • Position splitted;
    • Position closed;
  • Color and font size can be customized per showing Expert Advisor main settings on chart;

Features

  • The Mirror software copies any action, manually or automatically executed by an Expert Advisor, that is performed on MASTER account;
  • You can modify, split or close positions and orders on SLAVE account only;
  • You do not need DLLs or other external applications;
  • The symbol names between different brokers are not a problem;
  • You can manage the lots size of each SLAVE account independently;

Features of Money Management Rules

There are five ways to manage the lots size:

  • Same lots of MASTER account;
  • Ratio of master balance. (if on a MASTER account there are $5 000 and 2 lots are opened, and on SLAVE account there are $7 000, the amount of lots that will be opened will be: 7000 / 5000 = 1.4 (ratio); 2 * 1.4 = 2.8 lots);
    Furthermore, there is an additional setting called “Risk percentage”. This percentage, if set, is applied on the result of previous formula to obtain a new lots size. For example, if the lots calculated with the previous formula was 2.8 and the “Risk percentage” is set to 90%, then the final lots is calculated as 2.8 * 90 / 100 = 2.52.
  • Larry Williams formula:
    • this rule accepts 4 parameters:
      • capital (equity, balance or free margin);
      • risk percentage;
      • loss type (% of price, pips, pips in digits format, money);
      • maximum loss (percentage, pips or currency amount);
    • the lots are calculated in this way: (capital * risk percentage) / maximum loss; (example: ($4 703.00 * 5%) = 235.15; 235.15 / 450.00 = 0.52 lots);
  • Multiplier. (if 2 lots are opened on a MASTER account and the multiplication factor is 1.5, the amount of lots that will be opened on a SLAVE account will be: 2 * 1.5 = 3 lots);
  • Fixed lots.

Features of Emergency Stop Loss

This is a safety feature in case of connection loss between the MASTER and SLAVE accounts.

If communication between MASTER and SLAVE is broken, the positions opened on SLAVE account would remain with no control.

In this scenario, if emergency stop loss is enabled, the EA loaded on a SLAVE account closes the positions at the level of specified loss.

Francis Dogbe
9506
2016.04.13 22:57 
 

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Version 17.405 - 2017.04.12
Version 17.405 - 2017.04.05
- Fixed problems about manage existing positions with pending orders
- Added input list for selection different voices message for events (Open, modify etc)
Version 17.2 - 2017.02.16
Version 17.2 - 2017.02.12
- Completely rewritten, added new features and new controls.
Version 8.14 - 2014.08.05
- Fixed problem that occurred when changing the file name.
- Fixed problem of connection check on initialization.
Version 6.141 - 2014.06.13
Fixed problem of datetime write on file.