The Global Account Protection lets you define protection on the whole slave account, you can switch the mode of the Trade Copier in order to specify to only accept close orders (Close Only), to stop completely to copy trades (Frozen) or to close all the open positions (Sell Out).
For this, just go in “Slaves” -> “Accounts”, and click on little “umbrella” button for the slave of your choice. Once the popup opens, you can switch On/Off the account protection for either a Take Profit and/or a Stop Loss equity level, and select the Mode of your choice. As soon as the equity of your account reaches the Equity value the system will enter in the specified mode.
The “Order Filters” lets you filter symbols to be copied between your Master and Slave account.
You can create either a “Whitelist” or a “Blacklist” of symbols and you can define it for all masters or for each master separately. The Blacklist and the Whitelist can be defined on the Master side or on the Slave(s) side.
A whitelist is a list of symbols that are granted to copy. When a whitelist is used, all symbols are denied, except those included in the whitelist. The opposite of a whitelist is a blacklist, which allows copying from all symbols, except those included in the list.
To configure the “Order Filters”, just go in "Masters -> Accounts" or “Slaves” -> “Accounts”, and click on little “filter” button for the slave of your choice. Once the popup opens, you can select if you want to create a whitelist or a blacklist, then select if you want to apply it to all masters or only for a specific one, and finally enter the list of symbols by clicking on the “+” green button. You can remove a symbol clicking on the “-“ red button next to symbol.
The symbol has to be the exact symbol of the master or slave and is case sensitive i.e. AUD/USD, rather than just AUDUSD.
Our advanced Trade Copier can copy all your pending orders like Limit or Stop orders. Moreover, it can copy your Stop Loss (SL) and Take Profit (TP), too.
To copy SL and TP, you have to tick this option in the Slave account setting in the column "Copy Master's Pending/SL/TP".
Just go in the tab "Slaves -> Accounts" for the slave of your choice and in the column "Copy Master's Pending/SL/TP", you can just check the box you want.
With the Free plan, the Trade Copier will close the Slave position as soon as the Master Stop Loss or Take Profit is triggered. However, the Stop Loss or Take Profit is not copied (hosted) directly on the Slave account. The system will send a close order to the slave account only once the main order is triggered on the master account (not hosted on slave account at the creation and consequently NOT visible on the slave account until it is triggered on master account).
With a Paid plan, the Stop Loss and Take Profit can be copied directly on the Slave account if you enable the corresponding options. The order is copied on the slave account at the creation of the order (hosted on slave account and consequently visible on the slave account).
Brokers often offer 2 types of account: Netting (FIFO) and Hedging. The Trade Copier supports the 2 types. The Trade Copier will copy the trades according to the account type, but there are additional considerations which you need to bear in mind.
Netting accounts is where there is a single position per symbol, rather than hedging accounts which have separate tickets for each buy and sell. It means that trades are not segregated, the trades are sum up and you cannot have a long and short position at the same time. This makes impossible to copy and host SL and TP to/from a Netting account in a relevant way.
However please note that it should not be an issue, as soon as SL or TP is triggered, it will send a relevant market order. You will always have the same position, but the way it is triggered is different.
Pending order are fully supported for MT4 and MT5 netting account, they can be copied and hosted on the slave account. However for cTrader and Lmax they are not supported, but as soon as a Limit or Stop order is triggered, it will send a market to the slave as well.