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The best way to Set up Demo
- Open the MT4/MT5 platform Choose ‘File’ from the principle menu
- Click on on ‘Open Information Folder’ to convey up a brand new folder panel
- Choose the ‘MQL4/5’ folder, adopted by the ‘Specialists’ folder
- Drag and drop (or Copy) your EA file(s) into this folder
- Restart MetaTrader on your adjustments to take have an effect on
Setup and Consumer Information for Native Commerce Clone MT4 and Native Commerce Clone MT5
If you wish to copy between each MT4 and MT5 you will want to buy a replica of each EA’s
Setup Grasp Account
The grasp account must be arrange first.
If it’s the first time operating the EA on this Grasp then this may add the account to the Grasp Account Checklist
- Run the EA and select Grasp Mode
- The Grasp Account Quantity the EA is linked to
- Choose Allow to modify ON copying
- Related slave accounts. Right here you will note the present slaves which might be switched on.
Setup Slave Account
The Slave account must be arrange after the grasp is linked.
If the Grasp Account has not been operating you might not see it within the Grasp Account Checklist. Flip the Grasp on and restart the Slave EA
- Run the EA and select Slave Mode
- Select the Grasp Account you want to copy from the dropdown checklist.
- Activate copying by choosing the copy button.
Whereas copying the EA Interface shall be disabled. To allow once more, first cease copying.
Basic Settings
- Shows an inventory of grasp accounts
- Mounted Heaps – If you need each commerce to be copied utilizing a hard and fast lot then examine this selection
- Lot multiplier – If a Lot multiplier is ready to 1 this implies the lot measurement shall be copied precisely how it’s within the Grasp Account. If that is set to 0.5 then lot measurement shall be half of the Grasp Account. Whether it is set to 2 then lot measurement shall be double the Grasp Account. You probably have a 10k Grasp account and you might be copying to a 1k Slave account, that is 10x smaller. So lot multiplier must be set to 0.1 to maintain the identical danger.
- Threat ($) – That is set by default. Units the Threat % primarily based on Stability of the Slave account
- Max Every day Loss – Consists of closed trades and operating open trades and might be set in % of account or Financial worth ($). As soon as this loss has been reached for the day all trades shall be closed. No extra trades shall be copied to MatchTrader. Max Every day Loss is reset on the finish of the buying and selling day and is tied to dealer time.
- Max Loss – Set a max loss primarily based on a particular Fairness or Stability. For instance, Account Dimension = $50,000 and a Max Loss worth = $45,000. When the account reaches $45,000 in fairness or steadiness all trades shall be closed
- Max Every day Revenue – Consists of closed trades and operating open trades and might be set in % of account or Financial worth ($). As soon as this revenue has been reached for the day all trades shall be closed. No extra trades shall be copied to the Slave. Max Every day Revenue is reset on the finish of the buying and selling day and is tied to dealer time.
- Max Revenue – Set a max revenue primarily based on a particular Fairness or Stability. For instance, Account Dimension = $50,000 and a Max Revenue worth = $55,000. When the Slave account reaches $55,000 in fairness or steadiness all trades shall be closed
- Max Loss Per Image – Set a max loss per Commerce. If a commerce reaches this worth the commerce shall be closed
- Ship notifications. Tick to allow. Choose the settings to open a brand new window for the Notification Settings
- Copy Button – When copying is disabled it is going to be Gray and show ‘Copying Disabled’. As soon as enabled it is going to be Inexperienced and show ‘ Copying Enabled’
- Standing bar – Shows the standing of the Copier. Whether it is copying it would show the account it’s linked to
Notification Settings
First Setup Notifications for E mail and Push following this hyperlink
- Notify Settings button opens the notification window
- Notification settings
- Ship Alert – Sends alert on the terminal
- Ship Push – Sends notification to cell setup in instruments > Choices
- Ship E mail – Sends e mail to e mail setup in Instruments > Choices
- Notify Settings for varied actions
Copy Settings
- Copy Purchase trades
- Copy Promote Trades
- Copy Market Orders
- Copy Pending Orders
- Copy Cease Loss
- Copy Take Revenue
- Copy Taking Partials
- Copy Modification to orders
- Copy Deleting Orders (Pending Orders)
- Copy Shut Orders (Market Orders)
Image Settings
- Symbols that exist in your Market Watch Checklist on the Slave. You have to add the symbols you need copied into your market watch checklist. In case you add new symbols whereas the EA is operating you will want to click on Refresh Image Checklist to refresh
- Symbols that exist on the Grasp Account. Typically there are multiple entry for the image in Grasp. If that’s the case double click on on the image title to get a drop down field. You may change the image if it seems within the checklist.
- Slave Prefix – In case your Slave brokers symbols use a Prefix akin to cGBPUSD then you will want to enter ‘c’ within the Prefix. Then click on Replace symbols to map them. Prefix have to be added precisely because it seems in your dealer
- Slave Suffix – In case your Slave brokers symbols use a Suffix akin to GBPUSD.i then you will want to enter ‘.i’ within the Suffix. Then click on Replace symbols to map them. Suffix have to be added precisely because it seems in your dealer
- Refresh Image Checklist – Updates the image checklist in line with your Market Watch and your Image Prefix and Suffix
- Opens window to save lots of and cargo image maps
- Save Image Map. Give it a reputation and click on save to save lots of the present image map
- Load Image Map. Choose the image map from the drop down checklist and click on Load to Load the Image Map
- Delete Image Map. Choose the image map from the drop down checklist and click on delete to delete the Image Map
Filter Settings
- Embrace Magic – If that is enabled solely Trades with these Magic Numbers shall be copied. The whole lot else shall be ignored. So as to add multiple use a comma to separate them e.g 12345,223344,333444
- Exclude Magic – If that is enabled Trades with Magic Numbers matching one on this checklist shall be ignored. The whole lot else shall be copied. So as to add multiple use a comma to separate them e.g 12345,223344,333444
- Embrace Image – If that is enabled solely Trades matching these Symbols shall be copied. The whole lot else shall be ignored. So as to add multiple use a comma to separate them e.g GBPUSD,EURUSD,US30
- Exclude Image – If that is enabled Trades matching these Symbols within the checklist shall be ignored . The whole lot else shall be copied. So as to add multiple use a comma to separate them e.g GBPUSD,EURUSD,US30
- Embrace Feedback – If that is enabled solely Trades with these Feedback shall be copied. The whole lot else shall be ignored. So as to add multiple use a comma to separate them e.g Commerce EA 1, Commerce EA 2, Commerce EA 3
- Exclude Feedback – If that is enabled Trades with Feedback matching one on this checklist shall be ignored. The whole lot else shall be copied. So as to add multiple use a comma to separate them e.g Commerce EA 1, Commerce EA 2, Commerce EA 3
- Max Trades To Copy – This limits what number of positions might be open at one time. If set to five then 5 positions might be opened. Any extra alerts shall be ignored till a place is closed
- Max Trades Per Image To Copy – This limits what number of positions might be opened per image. Whether it is set 2 and a couple of positions are opened on GBPUSD. No different positions on GBPUSD shall be opened. Positions on all different symbols will nonetheless be copied.
- Ignore Trades With No SL – If Enabled then any commerce that doesn’t have a SL (Set to 0) will NOT be copied
- Ignore Trades With No TP – If Enabled then any commerce that doesn’t have a TP (Set to 0) will NOT be copied
- Reverse Copy – Reverses the trades. Buys To Sells, Sells To Buys. Purchase Restrict To Promote Cease, Purchase Cease To Promote Restrict, Promote Restrict To Purchase Cease, Promote Cease To Purchase Restrict. Warning: In case you reverse copy trades after which flip it off or vice versa, the trades being copied will now not be managed!
Time Settings
- Select what days to repeat trades on.
- Use time filter – Solely copy positions between the beginning and finish hour
- Set the beginning and finish hour for the time window you wish to copy in
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