It is related to the mapping, for example: symbols' specification, margin calculation of the symbol proposed by the broker, and more.
Details:
Forum on trading, automated trading systems and testing trading strategies
Copying signal with different broker
Sergey Golubev, 2023.10.21 07:01
Read this part of FAQ -
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Also, make sure that your broker allows this symbol to trade for traders with Forex margin calculation in specification, more in details:
- post #7
- full explanation (thread): https://www.mql5.com/en/forum/442553
- explanation in details (incl lot size): https://www.mql5.com/en/forum/447444
It is related to the mapping, for example: symbols' specification, margin calculation of the symbol proposed by the broker, and more.
Details:
Thank you Sergey. In your explanations I read that the deal will be rejected and not copied.
In my case it is being copied as GOLD, which is a stock.
Vantage says it is not their problem.
What do i do ?
In my case it is being copied as GOLD, which is a stock
You can read this part of FAQ:
Margin calculation type is checked for each remaining symbol - if it is Forex, a symbol is considered to be suitable. Symbols of CFD, Futures or other calculation types are discarded.
It means: if your symbol (GOLD) is having margin calculation so it is forex symbol, and it may be copied.
Example with my Metatrader 5 (other broker):
In my example (XAU/USD which is GOLD): margin calculation is not Forex (it is written that CFD) so it is CFD symbol, and this symbol will not be copied.
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You can check the specification of your GOLD in your Metatrader.
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Twice it has happened now, copied two different signals (MT5) that deal mainly or include XAUUSD deals, and my broker, Vantage, presents these trades as GOLD=Berrick Gold Corporation into my brokerage accounts.
So the trades instead of XAUUSD (Gold USD) they are in a company's stock, that happens to be called Gold, which is completely wrong.
I spoke to Vantage who say it's not their fault at all and won't be doing anything about it.
Can someone help please ?