Help CenterPositions Management settings can be set up on the Master or Slave. Regardless of where you set it up, the settings you have entered will be synced in both views (Master and Slave).
To access Position Management Options, please follow the steps below:
- In the Cockpit page, click Copy Settings button from Master/Slave Section.
- Click Adv. Settings button.
- Click Position Management.
- Set the settings you prefer.
- Click on the Save button to save changes.
**Hover your mouse on ? to get description of the feature. **
Copy Stop Loss & Take Profit
You can copy and host your Stop Loss and Take Profit on the Slave account.
By enabling the Copy Stop Loss and Take Profit feature, the Stop Loss and Take Profit on the Master will be copied and hosted directly on the Slave at the order creation. If this is disabled, as soon as the SL/TP is triggered on the Master, it will send a Market order to the Slave to close the position.
You can have a quick access in the main Copy Settings section
**A paid plan is required to enable this function: With a Free Plan, the Trade Copier will close the Slave position as soon as the Master StopLoss or TakeProfit is triggered. However, the StopLoss or TakeProfit is not copied (hosted) directly on the Slave account. With a paid subscription, the StopLoss and TakeProfit can be copied directly on the Slave account if you enable the corresponding options. **
Copy Stop Loss & Take Profit Updates
By enabling the Copy Stop Loss Updates or Copy Take Profit Updates, all SL/TP updates made on the Master will be copied and hosted on the Slave.
If this is disabled, no SL/TP updates will be copied; however, as soon as they are triggered on the Master, the positions on the Slave will close with a Market order. To prevent the closing of Slave positions in such cases, you can enable "Copy Open Order Only" in the Order Filter tab.
Maximum Risk
The Maximum Risk will define the maximum percentage, amount, pips, or decimal of your balance to risk per trade. If no Stop Loss is defined, the Trade Copier will compute the Stop Loss to add according to the trade size and Maximum Risk defined. If a Stop Loss is defined at the creation of the order on the Master and if that Stop Loss leads to a higher potential loss than the Maximum Risk defined, the Trade Copier will override that Stop Loss in order to respect the Maximum Risk defined.
The value entered corresponds to the type you have selected. For example: if you enter the value of 25 and selected % as the type, the Maximum Risk will be 25% of your Slave balance. If you’ve selected “Cash Amount”, then the entered value would be based on the currency value of your account.., ie $25.
Fixed SL and TP
Fixed SL/TP can be defined as a percentage, cash amount, pips, or decimal of your Slave balance.
The value entered will put a fixed number to use for Stop Loss or Take Profit in all trades placed on the Slave. By defining a value & type in these functions, any Stop Loss or Take Profit set on the Master will be ignored.
Minimum SL & TP
Minimum SL/TP can be defined as a percentage, cash amount, pips, or decimal of your Slave balance.
The value entered sets the minimum Stop Loss and Take Profit allowed on the Slave. Please note that if you have defined a value on the Fixed SL or TP fields, it will override the Minimum SL or TP.
Maximum SL & TP
Maximum SL/TP can be defined as a percentage, amount, pips, or decimal of your Slave balance.
The value entered sets the maximum stop loss or take profit allowed on the Slave. Please note that if you have defined a value on the Fixed SL or TP fields, it will override the Maximum SL or TP.
Trailing Stop
Trailing Stop can be defined as a percentage, amount, pips, or decimal of your Slave balance. It applies a Trailing Stop to all orders, overriding and ignoring any Stop Loss specified by the Master.