Freelance service at MQL5.com: Direct Connection MT4 Copier

Description

Specification

I'm looking to get a Trade Copier developed so that it would copy Market / Pending Orders from a Master Account to multiple Slave Accounts, while having the Slave Accounts using a Direct Connection to their Brokers Server,

So that I don't need to have an EA connected to each Slave Accounts MT4 Platform.

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Lot Multiplier = Lot size of copied order will be multiplied by entered value.

For example, if you set Lot Multiplier = 2 and open an order with lot size = 2 on the source account then this order will be copied to receiver account with lot size = 4.

Fixed Lot = All orders will be copied with determined lot size.

For example, if you set Fixed Lot=3 then all orders will be copied to receiver account with lot size = 3.

Auto adjust Lot Size = With this option Forex Copier will automatically calculate lot size based on Source and Receiver Account Balance (or Equity).

For example, if you have balance on source account = 10000, balance on receiver account = 1000 and you open an order with lot size = 2 on source account then this order will be copied to the receiver account with lot size = 0.2.

Risk Management = Forex Copier will calculate lot size in the way that each order will risk no more than selected % of your account size. Note, that original order should have Stop Loss level.

For example, if you have balance on source account = 1000, Risk Percentage = 5 (in case you want to risk no more than 5% of equity) and you open an order with Stop Loss = 20 pips on source account then this order will be copied to receiver account with lot size = 2.5. So if the copied order reaches 20 pips Stop Loss you will lose 5% of your equity.

Adjusting Symbol Name feature (Automatic or Manual)

We should have feature which allows adjusting symbol names automatically if they have different names (very useful if you use terminals of different brokers).

It should also allow me to adjust symbol names manually by removing prefixes/suffixes on Source account or adding prefixes/suffixes on Receiver account.

For example:

EURUSD = EURUSDFx,

USDJPYa = USDJPYFXF, etc...

Should Supports all Types of Orders:

Copy Market Orders, Copy Pending Orders, Instant/Market execution, Partial Close

Open, Modify, Close Market Orders

Open, Modify, Delete Pending Orders

Instant Execution/Market Execution (When you copy order with SL/TP to the account where only Market Execution is allowed, Forex Copier will open order without SL/TP and then immediately set SL/TP).

Partial Close (Forex Copier closes on Receiver accounts the same part of order as was closed on Master Account).

Wait For Better Price/Copy Orders at Exactly Same Prices

Copy trades at exactly same price like on Source account These features allow the Slave Accounts to open copied orders at exactly the same prices as the original order or even at better price.

If WaitForOpenPrice feature is enabled then Forex Copier will wait for satisfying price before opening order on receiver account.

With help of “Borders” settings you can set the range where copied orders can be opened. So you can set borders which will allow opening copied orders even with better price than the original orders.

For example, if you set "WaitForOpenPrice = true", "EnableExecutionPriceBorders=true", "TopExecutionPriceBorderLong=0", "BottomExecutionPriceBorderLong=-2", "TopExecutionPriceBorderShort=2", "BottomExecutionPriceBorderShort=0" then Forex Copier

will try to open BUY and SELL orders at the same price or even at 2 pips better price than the price of original order.

"Try again" function (make sure that order was executed)

Make sure that position was copied and try again in case of fail. If the order cannot be opened or closed on Receiver account due to some reason (for example if you lose connection with Internet)

then Copier will try to execute this order defined number of times so you will not miss the trade. If Copier was not able to execute Close task due to some reason then Copier will try again and again to make sure that the order is closed on Receiver account side.

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Project information

Budget

10 - 500 USD

For the developer

9 - 450 USD

Deadline

from 1 to 5 day(s)

Specification quality
Result check quality
Availability and communication skills