Release note 2021-02-13

February 13, 2021 Release

It’s been decent few months. More than 150 people joined the beta testing. Around 40-50 using the tool on daily basis. I have receiver a tone of good feedback and ideas on how to improve the tool.

With your help, I managed to solve many issues and add new features.

Let me summarize what I manage to deliver.

Panel

  • unlimited Multi-master / Multi-follower configuration
  • set risk factor for follower (equity/balance ratio, lot multiplier, fix lot size)
  • define TP/SL type: distance based, same as master, do not copy TP/SL
  • define symbol mapping between master and follower accounts
  • possibility to set all settings per symbol
    • risk factor
    • additional spread (helpful for TP/SL levels)
    • disable – option to disable specific symbol from copying
    • invert – option to invert Longs with Shorts, for example long on CA6U20 will be copied as short on USDCAD
    • emergency stop – in case trade do not have SL, add default stop loss

Sierra chart

  • Plugin do not send trades during Backtesting
  • Optimize communication protocol – latency reduced by half
  • Encrypt traffic in-transit with SSL
  • Known limitations:
    • Sierra chart do not expose balance/equity properly. Always use lot multiplier when master account is Sierra Chart

MetaTrader 4

  • Improve error reporting – in case of errors, display meaningful and actionable guide
  • TP/SL is validated before order is send
  • Known limitations:
    • Partial close is not supported
    • Manual trade close in follower account will cause order to reopen. You can turn off the copier in order to manage follower account yourself
    • You can add Expert advisor only once to single MetaTrader 4 chart. In case you add Expert Advisor on two or more charts, all trades will get copied multiple times
    • Pending orders are not copied by design – tool always reflect master exposure

MetaTrader 5

  • Plugin works in both modes: Netting and Hedging
  • Improve error reporting. In case of errors, display meaningful and actionable guide
  • TP/SL is validated before order is send
    • easy to map rolling future contract to CFD symbol
  • Known limitations:
    • Netting account: Receiver manages all position on follower account. In case there is manual trade open, it will be closed immediately
    • Pending orders are not copied by design. Tool always reflect master exposure

Still there is plenty work to do.

Stay tuned!

RISK DISCLOSURE: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones' financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE RESULTS: Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.