That is a part of the bigger UTM Supervisor Information – Different – 30 January 2023 – Merchants’ Blogs (mql5.com)
Commerce Copier
The “Commerce Copier” characteristic permits the seamless synchronization of trades throughout a number of MT5 installations. It consists of two main roles: a “grasp” occasion that broadcasts trades, and a number of “slave” cases that replicate the grasp’s trades.
Grasp Mode: In “grasp” mode, the present MT5 set up acts because the central hub, broadcasting trades to all linked “slave” cases, making certain uniformity throughout completely different platforms. Trades are solely despatched to the slaves when they’re executed on the dealer, both as market orders or when pending orders are triggered.
Slave Mode: The slave mode mirrors the grasp’s actions, which means all commerce transactions, together with the TP proportion, are copied exactly. Trades will enter, exit, or attain TP concurrently with the grasp. Nonetheless, slaves can have their very own customized threat settings, permitting for individualized threat administration whereas nonetheless following the grasp’s buying and selling technique. In Slaves, solely the ‘Danger Administration’ tab settings apply; all different commerce settings are ignored.
Essential Notes:
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MT5 Should Be Operating: For the “Commerce Copier” characteristic to work, each the grasp and slave MT5 installations should be operating. If MT5 is off, the grasp can’t broadcast any actions, and the slave can’t obtain them.
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Cease-Loss Synchronization: Relying on the chosen “Slave Cease Loss Mode,” the slave occasion will both comply with the Grasp’s stop-loss, use a ‘Unfold Ignore’ stop-loss, or enter a stop-loss immediately with the dealer. Moreover, a failsafe stop-loss, which is twice the scale of the conventional stop-loss, might be entered with the dealer for additional safety. Slaves can be set to at all times comply with the Grasp’s stop-loss settings, offering an additional layer of alignment with the Grasp’s buying and selling technique.
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Dealer-Entered TP and SL: If the Slave has entered each the Take Revenue (TP) and Cease Loss (SL) costs to the dealer, and there is just one TP degree set at 100%, then it is not needed for each the Grasp and Slave MT5 installations to be operating. It is because the dealer will routinely deal with the TP and SL, making the necessity for MT5 to be operating redundant on this particular situation.
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Because of unfold variations between brokers, in purchase positions when the grasp triggers a Take Revenue (TP), it might not TP on the similar Danger-Reward (RR) degree. It is because in purchase positions, spreads can have an effect on the slave’s Cease Loss (SL) dimension barely, inflicting RR ranges to be barely off.
- All the time confirm value variations between brokers, particularly in excessive instances like with indices, the place variations might be 7 pips or extra. Positions might be entered as a purchase as a substitute of promote as a result of the slave may misread the place as a consequence of important value discrepancies. To mitigate this, use the ‘Use Cease Loss Measurement as a substitute of Value’ checkbox to counteract such discrepancies.
Activating the slave mode is straightforward:
- Open a slave MT5 set up.
- Open any random chart on MT5. (You possibly can open ANY chart, and it’ll nonetheless copy over all trades from different pairs)
- Connect the UTM EA to the chart.
- Allow slave mode on the copier.
You might be allowed to run one UTM slave occasion per terminal. Nonetheless, you possibly can open limitless slave terminals, relying in your system’s capability. For optimum efficiency, use the Reminiscence Save mode, which conserves 90% of RAM.
Activations: After activating the EA on a PC/VPS, it is tied solely to that gadget, permitting you to run a number of MT5 terminals for copy buying and selling with out dropping any extra activations.
ATTENTION! All the time monitor the slave accounts intently.
Slave Settings: Adjusting Receiving Velocity in Slave Account
This characteristic determines the frequency at which the slave account checks for and processes new trades from the grasp account.
Parameters:
- Vary: The adjustable vary for the receiving pace is between 250 and 2000.
- Default Worth: The usual worth is about at 350.
Utilization Suggestions:
- Quick Reception: For those who need fast commerce reception, set the worth between 250 to 350. Nonetheless, understand that this might put a pressure in your system sources.
- Balanced Operation: For many PCs and VPS setups, a worth starting from 350 to 750 ought to supply a very good steadiness between pace and system efficiency.
- Relaxed System Useful resource Utilization: For those who’re okay with a little bit of a delay in commerce reception (e.g., receiving trades each second) and prioritize minimal system useful resource utilization, you possibly can set the worth nearer to 750-1000.
By adjusting the receiving pace, merchants can optimize their commerce copier’s efficiency primarily based on their system capabilities and preferences.
Essential Be aware: After modifying the receiving pace, you will must disable after which re-enable slaves within the copier mode for the adjustments to take impact.
Uncooked Image Suffix
Enter suffix for uncooked symbols (e.g., ‘x’, ‘r’, ‘.money’). Instance: Coming into ‘.money’ matches ‘EURUSD.money’. Go away empty to match customary symbols like ‘EURUSD’. Disable, Allow Slave for this to take impact.
Slave Settings: Cease Loss Mode
On this part, you possibly can select the kind of stop-loss that the Slave cases will use. Listed below are the accessible choices:
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Grasp + Failsafe: On this mode, the Slave occasion will comply with the Grasp’s stop-loss settings. If the Grasp’s stop-loss is hit, the Slave will even shut the commerce. Be aware that solely a failsafe stop-loss, which is twice the scale of the conventional stop-loss, is entered with the dealer for additional safety.
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Unfold Ignore + Failsafe: This mode makes use of a digital ‘Unfold Ignore’ stop-loss, which disregards the unfold when calculating the stop-loss. Moreover, a failsafe stop-loss, which is twice the scale of the conventional stop-loss, is entered with the dealer to offer an additional layer of safety.
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Dealer-Entered: That is the usual stop-loss mode the place the stop-loss is immediately entered with the dealer. That is probably the most easy and traditional technique of setting a stop-loss.
Be aware: The failsafe stop-loss is twice the scale of the unique stop-loss and is entered with the dealer. Select your stop-loss mode primarily based in your threat administration technique.
Slave Settings: Moreover All the time Comply with Grasp’s Cease Loss
This checkbox permits you to add an additional layer of threat administration to your Slave cases. When enabled, the Slave will at all times comply with the Grasp’s stop-loss settings, along with no matter stop-loss mode you’ve got chosen within the “Slave Cease Loss Choice.”
For instance, when you’ve chosen “Unfold Ignore + Failsafe” within the “Slave Cease Loss Choice,” enabling this checkbox will ensure that the Slave additionally closes the commerce if the Grasp’s stop-loss is hit, offering an additional layer of alignment with the Grasp’s buying and selling technique.
Slave Settings: Enter Grasp’s TP to Dealer
This checkbox permits you to synchronize the Take Revenue (TP) settings between the Grasp and Slave cases. When this selection is enabled, the Slave will enter the TP value it receives from the Grasp on to the dealer.
Slave Settings: Use Cease Loss Measurement as a substitute of Value.
When enabled, the commerce copier will use the cease loss dimension as a substitute of the cease loss value in instances the place costs don’t match between brokers. This will help mitigate potential discrepancies in trades. For instance, in indices, the place costs could have excessive discrepancies between brokers.
SL Measurement Changes
The “SL Measurement Changes” characteristic within the Commerce Copier permits for tailor-made management over cease loss settings for various symbols, accommodating discrepancies in pip sizes and pricing conventions between the grasp and slave brokers.
How It Works:
- Adjustment Elements: Specify components for every image to switch the cease loss dimension. Use constructive values (e.g., +10, +100) to extend the cease loss dimension or destructive values (e.g., -10, -100) to lower it relative to the grasp’s settings.
- Configuration: Enter changes within the format: Symbol1=+10;Symbol2=-100. For instance, if the grasp’s cease loss is about at 10 pips, making use of an element of +10 to Symbol1 would enhance it to 100 pips. Conversely, making use of an element of -10 to Symbol2 would cut back a 100 pips cease loss to only 10 pips.
This characteristic is barely energetic when the ‘Use Cease Loss Measurement as a substitute of Value’ choice is enabled, making certain that cease loss sizes are adjusted in accordance with the desired components, slightly than immediately copying the cease loss dimension from the grasp, as it could actually differ -+ 10 or 100 of issue.
Image Matching within the Commerce Copier
The commerce copier now options an enhanced image matching mechanism to guarantee exact synchronization between the grasp and slave accounts. The method is as follows:
Auto-Matching Logic:
1. Person-Outlined Uncooked Image Matching: If a ‘Uncooked Image Suffix’ is specified within the Copier settings, the copier prioritizes matching symbols that finish with this suffix. For instance, coming into ‘.i’ will match symbols like ‘EURUSD.i’. That is notably helpful for brokers with particular naming conventions for uncooked unfold symbols.
2. Actual Match: If no ‘Uncooked Image Suffix’ is specified or no matching suffix is discovered, the system then makes an attempt to search out a precise match for the image despatched from the grasp. As an example, if the grasp sends “EURUSD”, it can search for “EURUSD” on the slave.
3. Fallback to Normal Symbols: If no actual match is discovered, the system will try to map with customary symbols, normally represented with six characters, such as “EURUSD”. This acts as a fallback when no user-defined suffix or actual match is accessible.
If the auto-matching logic fails to discover a match beneath these circumstances, an alert shall be triggered, notifying the person of the mismatch. In such instances, handbook image mapping could also be used as a treatment.
Customized Image Mapping:
For cases the place the default auto-matching logic doesn’t suffice, or when the symbols have completely different names throughout accounts, you possibly can resort to the “Customized Image Mapping” characteristic. This device permits to manually pair grasp symbols with corresponding slave symbols, overriding the default mapping course of.
Format:
MasterSymbol1=SlaveSymbol1;MasterSymbol2=SlaveSymbol2
Examples:
- If the grasp makes use of ‘XAUUSD’ however the slave employs ‘GOLDx’, the mapping ought to be ‘XAUUSD=GOLDx’.
- For ‘NASDAQ’ on the grasp and ‘Tech100’ on the slave, the mapping ought to learn ‘NASDAQ=Tech100’.
Please notice, a number of mappings ought to be separated with semicolons with none areas. This practice mapping ensures that trades are replicated precisely even when image names differ between accounts.
On Chart Slave Standing
Following textual content on chart, shows the standing of linked slave accounts within the grasp account. Reveals the variety of at present linked slaves and open positions throughout all slaves on that particular pair. This operate permits fast monitoring of all slave commerce exercise and helps to make sure that all trades are opened and closed because the grasp did.
