Best To Copy Binary Trades

Best to copy binary trades

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  • Choose your role: Choose your role for the current account. It can be either Provider (copy source) or Receiver (copy destination).

  • Provider/Receiver list: Manage providers/receivers that you accept to receive/send data from/to.

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    You can add, remove, edit and enable/disable accounts by your own purpose. Your account only send/receives data to/from accounts that are enabled in this list.

  • Global/Local mode: Choose between Global mode and Local mode. Global mode allows to copy between accounts at different locations over internet. Local mode only allows to copy between accounts on the same PC/Server.

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    In the Local mode, trades are copied nearly instant (<0.1 second). In the Global mode, due to internet connection speed, it may be a bit slower.

  • Transmission data: Choose how data will be sent/received.

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    It can be either “Trade” (receiver’s account trades follow the provider’s) or “Alert” (receiver’s account only receives signal alert). Provider’s choice is priority: If provider choose “Trade”, then receiver can receive trade or signal due to his choice; If provider choose “Alert”, then receiver can only receive signal despite of his choice.

  • Max.

    slippage (for receiver only): Maximum accepted slippage to copy trades.

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    Price might be different between brokers, so if the current price of the receiver’s account exceed max. slippage distance compared to entry price of provider’s account, the trade will not be copied.

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    This is useful to prevent unwanted slippage of copied trades, specially during high volatility (news releases).

  • Open trade timeout (for receiver only): Maximum waiting time that trades can be still copied from provider to receiver. If this trade timeout is exceeded from provider’s trade open time, trade will not be copied, this only works with Instant/Market orders.

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    This is useful to prevent copying outdated trades if receiver’s account/terminal is shutdown for a while. For example: Trade timeout is 60 seconds means if receiver’s is disconnected while provider open a Buy/Sell order, then receiver’s terminal connect again within 60s and order will be copied, but if it’s later than 60s the order will be ignored.

  • Set lotsize by (for receiver only): Choose how the trade volume on receiver’s account will be set.

    There are 4 options:

    • Fixed lotsize: Every trades on receiver’s account will be set with a fixed lotsize regardless of provider’s lotsize or receiver’s balance.

    • Provider risk scaling: Receiver’s lotsize will be set so that it scale by a scale factor with the provider’s risk.

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      This is recommended option because it make receiver’s account has the same growth/risk rate as provider’s. Example: Provider trades 0.5 lot with balance 1000$ –> Receiver with balance 2000$ and scale factor 1 will trade 1.0 lot.

      Receiver with balance 2000$ and scale factor 2 will trade 2.0 lot.

    • Multiply by provider’s lotsize: Lotsize will be multiply by a factor with Provider’s lotsize.

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      Only use this option if you know the lotsize setting manner of the provider, otherwise you may suffer whipsaw by over lotsize.

    • Ratio with receiver’s balance: Lotsize will be scaled with receiver’s balance.

      Example: Lotsize is 1 lot if balance is 1000$, then lotsize will be 1.5 lot when balance is 1500$.

  • Max.

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    lotsize: Maximum allowed lotsize to open trade. This will prevent your account from open unanticipated over lotsize that may lead to unwanted drawdown.

  • Order filter: Select which types of orders will be copied.

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    This filter is for both provider and receiver, but provider’s choice is priority. There are multi-options:

    • CALL orders: CALL orders will be copied.

    • PUT orders: PUT orders will be copied.

    • Custom pair: Only copy trade of custom pair (combine with order types above).

    • Inverted copy: All filtered trades will be inverted when come to/from receiver/provider: CALL<–>PUT.