The Symbols Settings is used if you need to apply some particular settings on specific symbols (risk factor, max order size, copier status) or you need to manage a specific mapping of symbols between your masters and slaves accounts.
By default, our Trade Copier is able to automatically define the suffix by itself. For instance EURUSD to EURUSDm or USDCHF to USDCHFpro,...
However, for complex symbols like XAUUSD to Gold or XTI to Oil, etc. you will need to use the "Symbols Settings" functionality. It will allow you to define which Master symbol corresponds to which Slave symbol.
The mapping symbol function has to be defined master by master as each master could have specific symbols names.
If you want to copy some symbols with a specific risk factor, you can use our “Symbols Settings” tool and define which risk you would like to take for each symbols separately. It will override any risk factor already defined and if you are trading others symbols not specified in this list the default risk factor will be applied.
Click here to learn more about risk factors management : Risk Factors
The "Max Order Size" in the "Symbols settings" is the maximum number of lots that can be copied for a single order (not for accumulated positions). This caps the order size.
If you set a Max Order Size to 10, the maximum lots copied is 10 if there is enough margin, but, of course, if the computed number of lots to copy is smaller than 10, it will copy only this order size computed.
This value does not work like a filter. It means that if the min order size allowed by your broker is bigger than this max trade size, the trade copier copies the min trade size. In this particular case, the system always tries to copy the trade with the minimum allowed value.
If you don't set any Max Order Size (default), the system copies the number of lots computed using the Risk Factor, no matter the order size as long as there is enough margin.
“Max Account Position Size” and “Max Symbol Position Size”: if the cumulated position size on the account or per symbol would exceed this value it prevents the Trade Copier to copy new open orders.
The max position size includes all orders on the account, from any source, not just those created by the Trade Copier.
“Max Account Open Count” and “Max Symbol Open Count”: if the number of open or pending orders on the account or per symbol would exceed this value it prevents the Trade Copier to copy new open orders
The max open count includes all orders on the account, from any source, not just those created by the Trade Copier.
The Max Risk % will define the maximum percentage of your balance to risk per trade.
If no Stop Loss is defined, the Trade Copier will compute the Stop Loss to add according to the trade size and "Max Risk %" defined.
If a Stop Loss is defined at the creation of the order on the master and if that Stop Loss leads to a higher potential loss than the "Max Risk %" defined, the Trade Copier will override that Stop Loss in order to respect the "Max Risk %" defined.