You start Master on the base account, it means the one you want to copy orders from.
The basic parameter is a port number (e.g. 12987). The same port number must be written in Salve, so that it knows which Master copy orders from.
You can start a couple of Masters with the different port numbers and a few Slaves by connecting them with the chosen Masters.
In the “Copy order only with prefix” parameter you can choose an orders’ prefix which Master can copy. The prefix is taken from the order label (e.g. FxCraft Manual Trader has a default assigned prefix FMT). Master will be transfering orders only with the assigned prefix. If you leave an empty space, all the orders will be copied.
You start Slave on the account which orders are supposed to be copied on. If you start a couple of Slaves on one account, each of them should have a different value in a “Slave Label” parameter.
‘Slippage’ determines with what acceptable price shift order can be copied. If the shift is bigger, the order will be rejected.
The copier enables four versions of order size coping:
- “AsInMaster” – size of the copied order is the same as in Master’s.
- “SetSelfSize” – size of the copied order given manually permanently in the parameter “Self lot size”.
- “PercentageOfRisk” – size of the copied order will be counted so that while closing position on Stop Loss not to lose more than given capital percentage. The value will be calculated according to the formula: (Balance*Risk-commission)/(SL*PipValue). We give the capital percentage in the parameter “Risk [%]”, whereas we give capital in the parameter “Equity to count risk” or when we write 0, there will be taken account’s capital to the calculation. Attention: to carry out the described calculation copied order must have StopLoss. If it doesn’t have it, order will be copied with the size of lot given in the parameter “Self lot size”.
- “RatioOfMaster” – size of the copied order is as in Master’s but multiplied by the constant given in the “Lot size Ratio of Master” parameter (e.g. 0.5 – then the copied orders will be twice smaller). Sizes of the copied orders multiplied by the given value are rounded to the closest possible value.
“How long re-submit order after REJECT [s]:” prameter determines how many seconds the tool is about to renew rejected copied order. The order can be rejected e.g. because of to large price shift (slippage).
The copier also enables you to copy pending orders as instant orders (at market). Then pending orders aren’t copied but in a moment of filling pending order at market in Master’s, order is copied as immediately opened. We switch that option on with the use of “Copy Pending like @MKT” parameter.
In “Master’s Port” parameter we set the port number, on which works Master from which we want to copy orders.
In “Master’s IP:” parameter we write the IP address, on which Master works. If you start Master and Slave on the same computer, you have to write “localhost”. If Master works on the different computer (for exmple in the home network), you have to write the appropriate IP address of the computer on which Master works. It should be the static IP address.
Copy orders between JForex and MT4:
FxCraft JForex Copier is compatible with our copier FxCraft MT4 Copier so you can copy orders between JForex (Dukascopy) and MT4 .
To Copy orders from JForex to MT4 just download our product FxCraft MT4 Copier and on MT4 platform use only FxCraftMT4Slave, and on JForex use Master from FxCraft JForex Copier.
No need to purchase separate license, because the license applies to Master file and the Slave is free.
Similarly, if you want to copy orders from MT4 to JForex simply purchase a license for FxCraft MT4 Copier, while FxCraft JForex Slave can be used for free.
To copy orders between platforms JForex and MT4 it is enough to enter the same port in both tools.