Copy Pending, Stop Loss & Take Profit orders
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.
Pending orders and Free plan
Only paid plans can copy pending orders, this feature is not available for the FREE plan.
Stop Loss & Take Profit with the Free plan
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).
Stop Loss & Take Profit with a Paid plan
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).
Stop Loss & Take Profit with the “Open Only” mode
When a Stop Loss or Take Profit already exists while the mode is set to "Open Only", the Stop Loss or Take Profit will stay active. When a new trade is open with "Open Only" mode, the Stop Loss and/or Take Profit will not be copied.
Netting account and Pending order, Stop Loss and Take Profit
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 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.