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What we are expecting from the copy trader:
• 1 EA for slave accounts and 1 EA for the master account
• We have several master account, and we need to manage them independently
• Make sure orders are replicated without delay
• To enable the slave’s order to be sent like one or x ticks after the one from the master
• The copy trader has to work under MT5 for Master and slave but has also the ability to send orders towards MT4
• We need to parameter a max spread of x pips to prevent the slave to trade in case it happens in extreme conditions (this feature has to be included inside the EA’s user)
• We need the full EA source code
• We would like to be able to monitor things as presented in the Excel spreadsheet with the 3 categories, but of course we do not need it to be in Excel
• We need to restrict the slave account to certain broker and maybe to only one (as shown in the excel)
• We also need to carry out other restrictions as shown in Excel (amount of money, leverage etc…)
• In case there is a partial close, we need the copy trader to run this on slave as well.
• Make sure everything works under our serveur
• In case the slave is disconnected the slave’s user has to receive an email to get the information
• Regarding each slave we want to have different info as shown in the excel
• In the EA s customer an option has to installed so that the client choose if he wants to manually send orders or if he wants them to be sent in the market directly: auto-trade or manual trade
• We would like to track customers who are copying our trades over third parties. A solution for this might be to watch at his MT5 journal (logs files), but might not be enough
• I need to impose a cap leverage according to the subscription chosen by the customer
• Make sure we can activate or deactivate any subscription whenever we need
• Once the product is achieved, we need you to explain us how that works, meeting with skype or something else would be convenient.
Money management:
Clients can choose between 6 subscriptions:
▪ Leverage 1
▪ Leverage 2
▪ Leverage 3
▪ Leverage 4
▪ Leverage 5
▪ Leverage x
So if the client paid for leverage 1 then he will be capped to copy trades from our Master to a leverage of 1 but still can choose a leverage between 0 and 1. Which means that in the EA we provide, he will have the option to select a leverage but no matter the level he selects he must be capped to the level of his subscription, which is one in this example. So to conclude if the Master sends 1 lot in the market then customer’s account (with leverage 1 option) the slave account will replicate an order of 1 lot (if leverage 1 is selected) Make sure that if he is using a leverage above1, he will get an error message telling him he should upgrade his subscription to have a leverage >1. At last, for leverage x this is an option that I can allow for a specific user that would like to use a higher than 5 leverage, this is a specific case, where I can allow a customer to have a different cap, in this case I can manually allow him to trade up to a certain level of leverage.
The Excel is in the attached file and is a visual exemple of what we want and not a definitive version.
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