2023

FOREX COPIER 4
USER MANUAL
 TABLE OF CONTENTS

FOREX COPIER 4 QUICKSTART ........................................................................................ 2

SOURCE FEATURES........................................................................................................... 6
RECEIVER FEATURES ........................................................................................................ 6
NEW FEATURES ................................................................................................................. 7
THE MAIN PROGRAM WINDOW ......................................................................................... 8
ADDING THE CTRADER® ACCOUNT TO THE COPYING SCHEME................................ 10
SOURCE CONFIGURATION .............................................................................................. 14
General settings .............................................................................................................. 15
Lot/Risk management...................................................................................................... 17
Orders Filtering................................................................................................................ 18
Emergency stop .............................................................................................................. 22
Comments management ................................................................................................. 24
Problem manager ............................................................................................................ 25
Advanced settings ........................................................................................................... 27
Templates ....................................................................................................................... 30
RECEIVER CONFIGURATION ........................................................................................... 32
General ........................................................................................................................... 33
Lot/Risk management...................................................................................................... 35
Reverse mode ................................................................................................................. 37
SL/TP settings ................................................................................................................. 38
Price adjustments ............................................................................................................ 41
Orders filtering ................................................................................................................. 44
Emergency stop .............................................................................................................. 50
Event sounds................................................................................................................... 52
Comments management ................................................................................................. 53
Problem manager ............................................................................................................ 54
Advanced settings ........................................................................................................... 56
Templates ....................................................................................................................... 61
FOREX COPIER 4 QUICKSTART

If you don't have our program, please download the Forex Copier 4 here:

https://forexcopier.com/download/downloadLinkTradeCopier4

• Open Forex Copier 4 installer.

• Read the End-User License Agreement (EULA) and click the "I Agree" button if you
agree with EULA terms

• Choose the folder and click "Install".

• Wait for the installation to be finished.

 • Click the "Add source" button.

• Select the necessary platform. After that add the Meta Trader 4/5 or cTrader®
platform from the list by clicking on “Browse”.

• Please choose "Use all default copying settings" and click "Next".

• To add another Source account, please repeat the operation one more time.

• To add the Receiver account please click the "Add Receiver" button.
 • Select the necessary platform. After that add the Meta Trader 4/5 or cTrader®
platform from the list by clicking on “Browse”. Then "Use all default copying settings" and
click "Next".

• At this step enable button(s) of available sources to connect this Receiver to the
specific Source or click on the “Connect all Sources” button to connect this
Receiver to all Sources added to the copying scheme. After that click "Create" to
save changes.
 • At this step you can switch off the toggle button(s) of available sources to
disconnect this Receiver from the specific Source or click the “Disable all Sources”
button to disconnect this Receiver from all Sources.

Please note that the Forex Copier 4 program has a 30-day trial period. During this time, you
will have full access to all of our software's features and capabilities, allowing you to
experience firsthand the benefits that it can bring to your trading activities. We believe that
this trial period will give you ample time to evaluate the effectiveness of our program and
determine if it is the right fit for you. We are confident that you will find our Forex Copier 4 to
be a valuable asset in your trading endeavors.
 SOURCE FEATURES
Using the variety of preferences in the Forex Copier for the Source account you can:
• Copy trades from the MT4/MT5/cTrader® accounts.
• Set the different lot multipliers for each Receiver account.
• Remove the symbol prefix or suffix if the source symbol name differs from the
receiver symbol name.
• Turn on the email notification for copying issues.
• Control the signals types to copy (Buy, Sell, Pending Orders, etc.) by the orders
filtering feature.
• Automatically stop trading based on equity or drawdown percent.
• Allow auto-detecting and fixing the problems with the terminals, expert advisors, etc.

RECEIVER FEATURES
The Forex Copier program allows tuning the copying process by setting up the
Receiver account settings. You can adjust the following:

• Copy trades to the MT4®/MT5®/cTrader® accounts.

• Set the maximum difference (in pips) between the orders opened on the Source and
Receiver accounts, slippage, and the expiration minutes (the maximum order age).
• Set the number of attempts to place an order that failed to open the first time.
• Enable auto-adjusting of the lot size on the Receiver account based on the balance
on the Source and the Receiver accounts.
• Set the lot multiplier to adjust the lot size.
• Set the fixed custom lot size.
• Reversing trades (with or without SL and TP), when the Buy order becomes the Sell
order and Stop Loss turns into Take Profit (and vice versa).
• Set up Stop Loss and Take profit of copied orders in pips.
• Filter trades to be copied by order types, symbols, lot size, magic number, and
comments.
• Copying trades based on risk percentage.
• Set up the maximum number of open orders (for all orders and each symbol).
• Auto-adjust symbol names even if their names differ.
• Add symbol prefix and suffix if the Receiver symbol name differs from the Source
symbol name.
• Automatically stop trading based on equity or drawdown percent.
• Allow auto-detecting and fixing the problems with the terminals, expert advisors, etc.
 NEW FEATURES
• Forex Copier 4 version is fully compatible with the cTrader® platform now.
• We added a new feature to the Autofix manager setting: “Expert settings changed “.
Enabling this option allows checking the EA settings to avoid errors.
• Email notifications will be sent if something goes wrong with the Source or the
Receiver.
• Feature Search- allows you to look for the necessary setting(s).
• The updated Pips size table on the Orders Filtering tab prevents price difference
calculation errors.
• We’ve added the ability to split by copying SL/TP for market and pending orders.
• The source terminal can show the Receiver problems right on the chart with the
Source Expert Advisor.
• We removed the “Apply Scheme” button, so all the settings are applied
automatically.
• We have added the Feedback button to make it even easier for you to contact us
and leave your opinion.
• The logic of the Orders Splitting option has been changed. First, the Сopier
recalculates the lot size (using the lot size adjust options, especially if the
"Proportional lot based on Source/Receiver Equity ratio" option is used), after that
Copier splits the order according to the broker's maximum allowed lot size.
• Message about the first copied order - appears after installation, successful setup of
the scheme and the first order copying.
• The "Max difference between the Source open price..." and "Ignore orders that were
opened" options can be disabled now.
 THE MAIN PROGRAM WINDOW
The main program window has the following view:

1. Top menu - allows saving and loading the copying scheme, changing the user
interface language, opening the help pages of the site, registering the program, or
sending feedback.
2. Add Source - use this button to add new signal source accounts.
3. Add Receiver - use this button to add new signal receiver accounts.
4. Fix All Errors - use this button to permit the Forex Copier to try to fix copying errors
automatically.
5. Apply All Settings - use this button when you need to apply connecting/disconnecting
Receivers to Sources when you see the blue arrow or the “Waiting for settings to be
applied” message (7).
6. Run All Terminals - click this button to run all the Source and Receiver terminals
involved in the copying scheme.
7. Informational message on the Source/Receiver account that requires your attention.
8. Use these toggles to connect or disconnect the Sources to the Receivers quickly.
This button also lets you stop/start copying from the particular Source to the
Receivers linked to it.
9. This button is shown only on the cTrader® account blocks, use it to start/stop the
copying process.
10. The Settings button - opens the Source/Receiver Settings window, where you can
adjust the necessary options.
11. Connect All Sources - the button allows connecting or disconnecting all the Sources
to the selected Receiver quickly.
12. Disable all Sources - this button allows disconnecting and stopping copying for the
specific Receiver account.
13. Delete - use this button to delete the selected Source/Receiver from the copying
scheme.
14. The Fix Problem button can be used to let the Forex Copier fix the determined
problem automatically. In case, the problem couldn’t be solved, you will see
instructions on how to fix it manually.
15. Here you can see the copying scheme name.
 ADDING THE CTRADER® ACCOUNT TO
THE COPYING SCHEME
To add the cTrader® account as a Source or Receiver, please click the "Add Source" /
“Add Receiver” button first. In the opened window choose the “cTrader®” option and click
“Select”.

The next step is to add your Demo or Live cTrader® account. In the opened window
please click the “Login” button. This action will open your browser window.

In the next step, you will see the login form for the cTrader® website. Choose the
necessary option and log into your cTrader® account.
 After successful login, please allow access to your broker accounts for the Forex Copier
application by clicking the “Allow access” button.

After that please switch back to the Forex Copier window. Forex Copier fills the
necessary fields automatically, but you can edit the account name for your convenience.
Click the “Next” button to save and move to the next step.
 Finally, you can connect your Sources with the Receivers in a copying scheme:

To start trade copying from/to the cTrader® account please click the “Start” button on
the block in the main program window.
 SOURCE CONFIGURATION
To set up the Source preferences, please click the necessary Source terminal box in
the Forex Copier main window and click the "Settings" button.

The account setup window contains tabs with the settings described below.
 General settings

Edit the account name allows changing the Source platform name.

Choose the trading platform path option gives the ability to select the path to the
MT4/MT5© trading platform.

Enabling of Expert label message for receivers will show your label in the chart
comments for all Receivers.

Enable copying for accounts1 - you can enter the number of allowed account(s) there,
in this case, our software will work on this account only and it will be disabled if you change
an account to another one. Click the Open list button to add/remove the account(s) in it.

1
The option is not available for the cTrader® accounts
 Copy modify or delete an order if the account number is not allowed - check this option
if you want to send the closing or modification of the existing orders to accounts that are not
allowed. New orders will not be copied.

Also, on the General settings tab, you can activate the “Send an email notification”
feature. If it is activated, our software will send email notifications to the specified email
address when an error occurs.

To add the email address, please enable the notification by clicking the “ON” button,
then enter it in the field below and click the Update button to save changes.
 Lot/Risk management

Options here allow you to choose the method of lot calculation for copied orders. To
customize the lot size click the “ON “ button.

If the Use custom lot size setting is on, you can select the necessary option which
allows you to change the lot size of copied orders. It allows you to decrease or increase the
resulting lot to suit your requirements for your account.

Multiply every lot by – the lot size of copied order will be multiplied by entered value.
For example, if you set Multiply every lot by 2 and open the order with the lot size = 2 on the
Source account then this order will be copied to the Receiver account with lot size = 4.

Multiply each lot by - the lot size of copied order will be multiplied by entered value for
each Receiver terminal.
 Orders Filtering

Settings on this tab allow you to choose what kind of orders you don't want to be
copied to the Receiver account(s).

Track the number of open orders before opening an order – this option allows you to
create an indentation step in copying orders. For example, you can choose to skip 2 orders,
which means that the orders will begin to be copied to the receiver accounts only after 2
skipped ones.

To configure skipping orders for each symbol, enable Track the number of open orders
before the order opening and click the Open order settings button.
 Filter orders by current profit/loss value – you can set allowed price changes when
orders will be copied. You can set loss/profit value.
 For example, if you set this parameter "5 pips" and "profit", in this case, if the Source
account the Buy order at 1.0000 is opened, this order will be copied to the Receiver
account(s) only when the price reaches 1.0005 (1.0000+5 pips).

Copying orders by type - you can set which types of operations with market orders will
not be copied. Just check the necessary option: "Do not copy BUY", "Do not copy SELL",
"Do not copy Close/Delete, and "Do not copy Modify". Forex Copier copies each type of
order as well as orders modifying and closing by default.

Copy pending orders- you can set which types of pending orders will not be copied.
Just check the necessary option. You can enable" Do not copy BUY STOP", Do not copy
BUY LIMIT"," Do not copy SELL STOP"," Do not copy SELL LIMIT", "Do not copy BUY
executions" and "Do not copy SELL executions" properties. Forex Copier copies each type
of pending order but doesn't copy pending orders executions by default.
 Emergency stop2

The settings on this tab allow you to set the parameters for stopping trading in the
event of situations that could risk the account deposit. To enable these properties just click
the “ON “ button.

Stop copying if the Equity level is less than … (in the base currency of your account) –
when this option is enabled Copier will stop sending "Open order" signals to the Receiver
terminal in a case when the Equity level of this Source account is less than the value in
"Stop copying…" field.
Stop copying if the Equity percent is less than … (in %) – when this option is enabled
Copier will stop sending "Open order" signals to the Receiver terminal in a case when the
Equity level of this Source account is less than the specified percent .

Stop copying if Drawdown Percent is higher than … – when this option is enabled
Copier will stop sending "Open order" signals to the Receiver terminal in the case when the
Drawdown percent of this Source account is bigger than a preselected value. The Drawdown
is calculated as the difference between the current Equity and the maximum historical Equity
as a percentage.

2
The options on this tab are not available for the cTrader® accounts
 Stop copying if the Drawdown Value is bigger than … (in the base currency of your
account) – when this option is enabled Copier will stop sending "Open order" signals to the
Receiver terminal in the case when the Drawdown value of this Source account is bigger
than the preselected value. The Drawdown is calculated as the difference between the
current Equity and the maximum historical Equity.
 Comments management3

This feature serves for sending the specified comments to the Receivers. To enable
check the “Send this comment to all Receivers” button and specify the value in the
appropriate field.

3
The option is not available for the cTrader® accounts
 Problem manager4

The tab serves to set up options referring to the stable copying process and let the program
auto fix some issues.

Copier Expert Advisor on a Chart is a feature that verifies if the expert advisor (EA) is
currently running in the correct symbol chart within the trading terminal. This is important
because if the EA is running in the wrong chart, it can result in incorrect trading signals and
potentially lead to losses. Forex Copier automatically checks (every 5 seconds by default)
the Expert Advisor on the chart. To fix the issue, the program sets the correct chart symbol
for the expert, ensuring that it is operating as intended. This feature helps to ensure the
accuracy and effectiveness of the EA's signals, reducing the risk of trading errors. Note that
the terminal restart is required for fixing.

Coper Expert Advisor Version is an option that verifies (every 2 second by default) if all
necessary files for expert advisors (EA) and dynamic link libraries (DLL) are up-to-date and
correct. If any files are outdated or incorrect, it can lead to errors and affect the performance
of the EA. To fix any issues, the program replaces the outdated or incorrect files with the
correct ones, ensuring that the EA is operating as intended. Note that the terminal restart is
required for fixing.

4
The options on this tab are not available for the cTrader® accounts
Terminal status check – this is a feature in the problem manager that checks (every 2
seconds) if the trading terminal is running. This is important because if the terminal is not
running, the software cannot connect to it and perform trading operations. To fix the issue,
the program automatically launches the trading terminal, ensuring that it is available for
trading operations.

Multiple EAs on Charts Fixing is an option that enables verifying if there are multiple
instances of the SourceEA running on the opened charts. This can cause conflicts and
potentially lead to errors in trading operations. To fix the issue, the Forex Copier removes all
charts with the Copier EAs except one, ensuring that only one instance of the SourceEA is
working. Note that the terminal restart is required for fixing.

Auto-trading and DLL Settings check - is an option that verifies (every 1 second by default) if
the necessary settings for Auto Trading and DLL are enabled in the trading terminal. If any
settings are not enabled, it can lead to errors and affect the performance of the EA. To fix
this issue, the program automatically enables the necessary options in the trading terminal,
ensuring that the EA is operating as intended. Note that the terminal restart is required for
fixing.

Copier Expert Advisor Settings - is an option that ensures that the trading settings in the
terminal match the settings in the expert advisor (EA). If there are any deviations, it can
result in trading errors and potential losses. To fix the issue, the program updates the
settings in the trading terminal to match those in the EA, ensuring that the trading signals are
accurate and effective. The terminal restart is not required for fixing the EA settings problem.
 Advanced settings

On this tab, you can configure some advanced settings. Please change the
parameters carefully, unless you are sure that the change will not affect copying, we
recommend you do not modify these settings.

Copy at the specified time - this option allows you to set copy intervals for more flexible
use of the Forex Copier app. You can choose one of the ready-made Time templates,
depending on the market hours where you trade more often, or you can set up individual
preferences for copying. This setting allows you to select specific hours, days of the week,
and even particular dates on which Forex Copier will copy.
 Allow symbol name auto-configuration - this feature allows the Forex Copier program
to auto-detect the symbol names that are different from the conventional ones. A lot of
brokers use suffixes and prefixes in the names of the trading instruments, that’s why it is
necessary to “teach” the program how to determine the names. Forex Copier is clever
enough and knows the most popular suffixes and prefixes, so you do not need to disable this
option.

In case the Forex Copier cannot auto-match the symbol names on the Source and
Receiver accounts, please disable this auto-configuration and set up suffixes/prefixes
manually. Just click the “OFF” button.
 When this setting is off you can:

Remove this prefix from the symbol name of copied orders. If the broker has some
Prefix in the currency pair name (like "aEURUSD") then you need to enter this prefix ("a" in
the example) into this setting.

Remove this suffix from the symbol name of copied orders. If the Source broker has
some Suffix in the currency pair name (like "EURUSDfx") and the Receiver's broker has
another suffix then you need to enter this suffix ("fx" in the example) into this setting.

Show info labels on the chart 5- if this parameter is on then Copier will show the
information labels in the left-bottom corner of the chart.

5
The option is not available for the cTrader® accounts
 Write advanced logs - if this parameter is on then Copier will write more detailed
information in log files, this parameter is used for debugging purposes. Be careful with this
feature, because advanced logs can take up a lot of space on your hard disk.

Save logs to a file6 - if this option is enabled then Forex Copier will save logs about
each step it takes. Please note that enabling this setting can slightly decrease a copying
speed.

Open trading platform logs - сlick this button to open the window where you can see
the trading platform logs saved to the file.

Templates

Templates allow you to configure the parameters quickly. For instance, you can adjust
the settings for only one Source/Receiver, save them as templates and apply them to all the
further Sources/Receivers to be added to the copying scheme.

6
The “Write advanced logs” and the “Save logs to a file” options are not available for the cTrader®
accounts
 RECEIVER CONFIGURATION
To set up the Receiver preferences, please click the necessary Receiver terminal box
in the Forex Copier main window and click the "Settings" button.

The configuration window contains the tabs described below.

General

On this tab, you can adjust some general settings.

Edit the account name - in this field can change the Receiver’s name which is shown
in the main program window.

Choose the platform path7 - select the trading platform path from the dropdown list or
click the “Browse” button to find it.

Copy orders - this option allows you to set up a date and time until the copying to this
account will be performed.
Disable this option and copying will be paused until you enable it again.

Enable copying for accounts8 - you can enter a number of allowed account(s) there, in
this case, our software will work on this account only and it will be disabled if you change an
account to another one. Click the Open list button to add/remove the account(s) in it.

Copy modify or delete an order if the account number is not allowed - сheck this option
if you want to send the closing or modification of the existing orders to accounts that are not
allowed. New orders will not be copied.

7
The option is not available for the cTrader® accounts
8
The option is not available for the cTrader® accounts
 Also, on the” General settings” tab, you can activate the “Send an email notification”
feature. If it is activated, our software will send email notifications to the specified email
address when an error occurs.

To add the email address, please enable the notification by clicking the “ON” button,
then enter it into the field below and click the “Update button to save changes”.
Lot/Risk management

These settings allow you to choose the method of lot calculation for copied orders to
the Receivers.

By default, the program copies a trade with the same lot size as at the Source. If you
need to change the lot size of trades opened on Receiver, you should enable the “Use
custom lot size” setting by clicking the “ON “ button.

If the Use custom lot size setting is on, you can select the necessary option which
allows you to change the lot size of copied orders. It allows you to decrease or increase the
resulting lot to suit your requirements for your account.

Custom lot/risk management options:

• Multiply lot size from Source account by – the lot that the Source EA opens on his
account will be multiplied by this value. It allows you to decrease or increase the resulting lot
to suit your trade account requirements.

For example, the Source trades on a $1000 account, and the Receiver’s account is
$50000. If you copy the Source's trades with the same lot size you will get a too-small profit.
So you can set the lot multiplier = 50, so when the Source EA opens a position with the lot =
0.1, the Receiver will get a position with the lot = 5.
 Another example: the Source EA trades on account $200000, and the Receiver
account is $10000. It will be dangerous for your Receiver account to open the same lot,
sometimes it will be impossible. So, you can set the lot multiplier = 0.2 and when the Source
opens a position with lot = 10, the Receiver will get a position with the lot = 2.
Note. If the resulting lot is smaller than the minimum lot allowed by your broker, the
minimal lot will be used.

• Set the proportional lot based on the Source/Receiver Equity ratio9 – this option
allows opening orders with a proportional lot size based on the ratio of Source and Receiver
accounts Equity. It allows you to decrease/increase the resulting lot to suit your account
requirements.
Additionally, you have the option to multiply the result by a specified value by selecting
the "And multiply the result by" checkbox.
For example: If the Source account equity (in USD equivalent) is 10000 and the
original lot size is 2 and the Receiver account equity is 2000. In this case, the Receiver
account will open on order with the 0.4 lot size.

• Set the proportional lot based on the Source/Receiver Balance ratio10 – this option
allows opening orders with a proportional lot size based on the ratio of Source and Receiver
accounts Balances. It allows you to decrease/increase the resulting lot to suit your account
requirements.
You can also multiply the result by some value by checking “And multiply the result
by”.
For example: If the Source account balance (in USD equivalent) is 10000 the original
lot size is 2 and the Receiver account balance is 2000. In this case, the Receiver account
will open on order with the 0.4 lot size, i.e. reduced 5 times.

• Use the fixed lot for copied orders – allows setting any lot size. In this case, the
Source's
lot size will be ignored and the lot size for each order on the Receiver side will be fixed
according to the specified value.

• Set the maximum percentage of Equity risk per one order 11- allows you to manage
Equity risk for an order. The lot will be calculated using the specified risk percentage.

For example, you want to risk only 1% of equity if the trade closes by Stop Loss.
The Forex Copier EA will copy the original trade but the size of the position will be
modified according to the percentage risk.
Note that the original order should have the Stop Loss level for this option to work.

• Set the maximum percentage of Balance risk per one order12- allows you to manage
Balance risk for an order. The lot will be calculated using the specified risk percentage.

9
The option is not available for the cTrader® accounts
10
The option is not available for the cTrader® accounts
11
The option is not available for the cTrader® accounts
12
The option is not available for the cTrader® accounts
 For example, you want to risk only 1% of the balance if the trade closes by Stop Loss.
The Forex Copier EA will copy the original trade but the size of the position will be
modified according to the percentage risk.
Note that the original order should have the Stop Loss level for this option to work.

• Consider provider's leverage – if this setting is enabled, Forex Copier will multiply the
order lot size by the difference in leverages in Source and Receiver.
Example: if you copy orders from an account with a leverage of 1:100 to an account
with a leverage of 1:200 and enable this setting, Forex Copier software will copy all orders
with 2 times bigger lot size.

• Lot size for specific currencies – here you can set a different lot multiplier for each
symbol. Just click the “Change” button to fill the table of currencies and their lots.

For example, you can set a lot multiplier=2 for EURUSD and lot multiplier=3 for
XAUUSD, in this case, the Forex Copier program will copy the order with different lot sizes
for these two symbols.

Reverse mode

If you would like Copier to reverse Provider's trades, you can enable the “Reverse
mode” by clicking the "ON” button.

In this case, Copier will place orders with the type opposite to the Source's order type:
 BUY order will be copied as SELL
SELL order will be copied as BUY
SELL Stop order will be copied as BUY Limit
SELL Limit order will be copied as BUY Stop
BUY Stop order will be copied as SELL Limit
BUY Limit order will be copied as SELL Stop

You can adjust the details of reversing orders as well:

Reverse Stop Loss and Take Profit - if this parameter is checked, the Receiver's Stop
Loss will be equal to the Source's Take Profit and vice versa.

Consider spreads in reverse mode for pending orders - if the parameter is enabled, in
reverse mode the Pending orders' entry price will be adjusted according to the Receiver's
spread value.

SL/TP settings

The settings on this tab allow you to adjust stop loss and take profit of copied orders.

By default, the program copies trade with the same SL/TP as at the Source. If you
need to change the Stop Loss/Take Profit of the trades opened on Receiver, you should
enable the "Adjust Stop Loss/Take Profit" setting by clicking the “ON “ button.
 Copy orders without SL/TP – if this option is selected then Source's Take Profit and
Stop Loss levels will be ignored and the Receiver’s trades will be opened without SL/TP.

Here you can check the settings for market or pending orders to which copying without
SL will be applied:

Apply to market orders

Apply to pending orders

Place SL/TP exactly at the Source account prices (even if the entry price differs) – in
case this option is checked, Stop Loss and Take Profit will be placed on the Receiver's
account on the same levels as on the Source account.

Set fixed SL/TP in pips – here you can define stop Loss and take profit in pips (1 pip =
0.0001 for non - JPY pairs, and 0.01 for JPY- pairs). Source's orders will always be copied to
the Receiver account with specified SL/TP.

For example: If you set Stop Loss=50 pips and Take Profit=30 pips and the Source
account sends a Buy order with execution price at 1.0000, SL at 0.9900, TP at 1.0010. Forex
Copier will set SL at 0.9950 and TP at 1.0030 as it is set.

Stop Loss Pips - defines the fixed Stop Loss value for every copied order, the value
should be determined in pips (1 pip = 0.0001 for non - JPY pairs, and 0.01 for JPY- pairs).
 Take Profit Pips - defines the fixed Take Profit value for every copied order, the value
should be determined in pips (1 pip = 0.0001 for non - JPY pairs, and 0.01 for JPY- pairs).

If you need to define only Stop Loss, please enter a zero value in the Take Profit field.
In this case, orders will be copied with the original Take Profit from the Source and a
determined Stop Loss.
Conversely, if you need to define only the Take Profit value, please set up Stop Loss =
0 in the field. In this case, orders will be copied with the original Stop Loss from the Source
and a determined Take Profit.
Price adjustments13

The settings on this tab allow you to set specific price frames, the order will be copied
only when the price reaches the specified level or range.

To activate this Forex Copier feature please click the “ON” button near the "Wait for a
better price before opening/closing market orders“ setting.

13
All of the price adjustments are not available for the cTrader® accounts
 Price adjustments for opening orders – allows setting price criteria for orders
opening on Receiver.

Open order immediately at current market price - when the option is selected the
orders will be immediately copied on the Receiver at the current market price.

The open price on the Receiver account should be:

● At least better (Than the original price on the Source) - the order will be copied only
when the price reaches the specified or better level.

● Equal or better (Than the original price on the Source) - the order will be copied on
the Receiver account only when the price will be the same or better than on the Source
account.

● No worse (Than the original price on the Source) - the order opens on the Receiver
account if the price is better, the same, or worse (no more than the specified value in pips).

Price adjustments for closing orders - allows setting price conditions for orders
closing on Receiver.
 Close order immediately at current market price - the order will be closed immediately
on the Receiver after it closes on the Source account (regardless of the Receiver price
level).

Close when the price is at least _ or more pips better than the Source order close price
- in this case, the order on the Receiver account will be closed only if the price is better than
the Source's price.

● Close anyway if the price on Receiver is 1 (or more) pips worse than the Source
order close price - the order will be closed when the Source account price is worse than the
Receiver's price by the specified value.

Close when Profit of the order is - the order will be closed only if it gained the specified
profit in pips.

● Close anyway if the price on the Receiver is 1 (or more) pips worse than the Source
order close price - the order will be closed when the Source account price is worse than the
Receiver's price by the specified value.
Note. The program will set the values of SL and TP when using these settings.
Orders filtering

These settings allow choosing what kind of orders should not be copied to the
Receiver account.

Filtering rules14 – there are general options for filtering orders.

The max difference between the Source open price the and current market price - here
you can set the number of pips that the Source and Receiver prices can differ during the
copying process.
For example: if the order on the Source account is opened with 0.9950 and the settled
value in this setting is 15, in this case, the order won't be opened on the Receiver terminal if
the price is more than 0.9965 or less than 0.9935.

Ignore orders that were opened … minutes – this setting allows you to choose how
long can market order wait for some conditions to open on the Receiver account. This
setting value is 60 minutes by default.

Filter by a number of orders:

Ignore new BUY orders if a current number of opened BUY orders is – this setting
allows you to ignore the number of BUY orders permitted on the Receiver terminal, if the

14
The option is not available for the cTrader® accounts
number of opened BUY orders on this terminal is equal or bigger than this parameter, all
new tasks from the Source will be ignored.

Ignore new SELL orders if a current number of opened SELL orders is – this setting
allows you to ignore the number of SELL orders permitted in the Receiver terminal if the
number of the opened SELL orders on this terminal is equal or bigger than this parameter,
all new tasks from the Source will be ignored

Ignore new orders if a current number of opened orders is - this setting defines the
number of orders allowed on the Receiver terminal. If the number of opened orders on this
account is equal to or bigger than this value, all new tasks from the Source will be ignored.

For example, you have set "Ignore new orders if the current number of opened orders
is 5 or more." Currently, there are 2 BUY orders and 2 BUY STOP orders on the Receiver
terminal. After that, the Forex Copier gets the new task from the Source (let's say to open a
SELL order). This order will be processed, so you'll have 2 BUY + 1 SELL + 2 BUY STOP =
5 tasks in total. After that, the Forex Copier gets another task from the Source (let's say
SELL LIMIT order). In this case, the task will NOT be processed because the total number of
orders on the Receiver terminal is 5.

Ignore new orders for symbol if a current number of orders for this symbol is - defines
the number of orders allowed for the particular symbol on the Receiver terminal. If the
number of orders on this account for this symbol is more or equal to this value, all new tasks
from the Source EA will be ignored.
 For example, you have set “Ignore new orders for symbol if the current number of
orders for this symbol is 2 or more”. Currently, there are 2 BUY EURUSD orders and 2 BUY
STOP GBPUSD orders on the Receiver terminal. After that, the Forex Copier gets the new
task from the Source (let's say SELL USDJPY order). This order will be processed, so you'll
have 2 EURUSD orders + 2 GBPUSD orders + 1 USDJPY order. After that, the Forex
Copier gets another task from the Source (let's say BUY STOP EURUSD order). In this
case, this task will NOT be processed because the total number of orders for EURUSD = 2.

Filter by the lot size – this setting allows you to enable the orders filtering by the lot
size.
Ignore orders with lot size :

• Smaller than
• Bigger than

This setting defines lot frames, within which the orders will be processed.
For example: If you set "Ignore orders with lot size smaller than 0.5 lots or bigger than
3 lots" orders with lots 0.5-3 will proceed, and orders with 0.4 or 5 lot size won't copy to the
Receiver account.

Ignore new orders if the total sum of current orders lots is at least – defines the max
sum of currently opened orders lots. For example, you can set "Ignore new orders if the total
sum of lots of current orders is 10 or more".
 So, if there will be 6 orders on the Receiver account:4 SELL orders with lot = 2 and 2
BUY orders with lot = 1 (total amount of lots = 10)

In this case, if the Source opens an order with any lot size, it won't be processed.

Note, that if one of the current orders on the Receiver will be closed/deleted, the next
opened on the Source order will be processed.

• Include pending orders in the sum calculation

Check this option if you want to consider the pending orders lots into the max lot sum
calculation

Currency pairs filter - option allows filtering orders by symbol name. If this parameter
is off, the program will process orders for all pairs. If this parameter is on then only specified
pairs will be processed.

To add currency pairs to the list, please click the "Open" button, add the currency
pair’s name (exactly as they are named in your terminal) then click the “Apply” button to save
the list.
In this case orders only for this currency pair(s) will be copied to the Receiver account

Magic number filter - allows filtering orders according to their magic numbers. If this
parameter is empty and off then the program will process all orders. If this parameter is not
empty and on then only orders with specified magic numbers will be processed.
 To add a magic number to the list, please click the “Open” button, add the magic
numbers in the window that appeared, then click the “Apply” button to save changes.

Copy orders by type – here you can turn on copying of BUY, SELL, Close/Delete or
Modify market orders for this Receiver account only.

Copy pending orders – here you can turn on copying of pending orders by type (BUY
STOP, BUY LIMIT, SELL STOP, SELL LIMIT, BUY EXECUTIONS, SELL EXECUTIONS)

Whitelist comments – enables copying for orders with specified comments.

Blacklist comments – disables copying for orders with specified comments.

To add a comment to the Whitelist or Blacklist, please click the “Open” button near the
appropriate option, add the comment in the window that appeared, then click the “Apply”
button to save changes.
Emergency stop15

These settings allow you to adjust the stop trading parameter when some critical
situations appear to avoid huge losses.

To enable this property turn on the "Use emergency stop" option by clicking the “ON”
button.

Stop copying if:

The Equity level is less than … (in the base currency of your account) – when this
option is enabled Copier will stop receiving signals from the Source in case the Equity level
of the Receiver account is less than the entered value. To enable this option, just check it
and specify the Equity level.
The Equity percent is less than …(in %) – when this option is active Copier will stop
receiving signals from the Source in case the Receiver’s Equity percent is less than specified
value.
The Drawdown Percent is higher than … – when this option is enabled Copier will stop
receiving the signals for orders opening from the Source in case the Drawdown percent of
the Receiver account is higher than the specified value. The Drawdown is calculated as the

15
The settings on this tab are not available for the cTrader® accounts.
difference between the current Equity and the maximum historical Equity as a percentage.
To enable this option, please check it and specify the Drawdown %

The Drawdown Value is bigger than … (in the base currency of your account) – when
this option is enabled Copier will stop receiving the signals for orders opening from the
Source in case the Drawdown value of the Receiver account is bigger than the specified
value. To enable this option, please check it and specify the Drawdown value.

Close all orders if one of the above conditions is met – if this setting is checked, all
orders will be immediately closed if one of the conditions described above happens.

Note. If at least one of the conditions above is true, all new orders in your receiver
account will keep closing. The orders will stop closing when all of the conditions above are
no longer met or if the setting is disabled.

Close all orders if:

The profit reaches a certain percentage of the account balance – if this setting is
enabled then the Forex Copier program will stop copying and close all orders when the profit
reaches the specified % of the account balance.

The profit reaches a certain value – this setting is enabled then Forex Copier will stop
copying and close all orders if your receiver’s profit reaches the predefined value in USD.
Event sounds16

The settings on this tab define the sounds to be played when the order or some
changes appears. Please, click on the “Custom” button to choose the sound.
Also, you can turn off all of the events sounds in your terminal, by clicking the “OFF”
button near the “Play sounds on events” option.

• "Copy market order" sound - this setting defines the sound to be played when the
new market order is opened (for example, OpenSnd.wav). Sound files should be placed in
the "Sounds" folder. Sound files should have *.wav format.

• "Copy pending order" sound - defines the sound to be played when the new pending
order is placed. Sound files should be placed in the "Sounds" folder. Sound files should have
*.wav format.

• "Modify order" sound - defines the sound to be played when some order is modified.
Sound files should be placed in the "Sounds" folder. Sound files should have *.wav format.

• "Close order" sound - defines the sound to be played when some order is closed.
Sound files should be placed in the "Sounds" folder. Sound files should have *.wav format.

Please note that if you want to reproduce these sounds, you should enable events in
your terminal (Tools->Options->Events->uncheck Enable)

16
The settings on this tab are not available for the cTrader® accounts.
Comments management
These settings allow choosing what comment should be attached to the copied orders.

Put the original order number from Source into a comment on Receiver- in this case,
Copier puts the original order ticket into copied order comment.

Put an original comment from Source into a comment on Receiver- if this setting is
checked, all copied orders will have the Source's comment.

For example, the Source order’s comment is “12345”. If this setting is checked, the
order on the Receiver account will be opened also with the comment “12345”.

Set this comment for each copied order on Receiver – allows setting the common
comment to every order.

For example, you want to differentiate orders that were copied on the Receiver
account and orders that were opened on this account.

Set empty comments for each copied order on Receiver – if this setting is enabled
then copying orders will not have any comments.

Copy the order magic number of the Source account as a comment on the Receiver
account - this allows putting the order's magic number onto a comment on the Receiver
account.
 Problem manager17

The tab serves to set up options referring to the stable copying process and let the program
auto fix some issues.

Copier Expert Advisor on a Chart is a feature that verifies if the expert advisor (EA) is
currently running in the correct symbol chart within the trading terminal. This is important
because if the EA is running in the wrong chart, it can result in incorrect trading signals and
potentially lead to losses. Forex Copier automatically checks (every 5 seconds by default)
the Expert Advisor on the chart. To fix the issue, the program sets the correct chart symbol
for the expert, ensuring that it is operating as intended. This feature helps to ensure the
accuracy and effectiveness of the EA's signals, reducing the risk of trading errors. Note that
the terminal restart is required for fixing.

Coper Expert Advisor Version is an option that verifies (every 2 second by default) if all
necessary files for expert advisors (EA) and dynamic link libraries (DLL) are up-to-date and
correct. If any files are outdated or incorrect, it can lead to errors and affect the performance
of the EA. To fix any issues, the program replaces the outdated or incorrect files with the
correct ones, ensuring that the EA is operating as intended. Note that the terminal restart is
required for fixing.

Terminal status check – this is a feature in the problem manager that checks (every 2
seconds) if the trading terminal is running. This is important because if the terminal is not

17
The options on this tab are not available for the cTrader® accounts
running, the software cannot connect to it and perform trading operations. To fix the issue,
the program automatically launches the trading terminal, ensuring that it is available for
trading operations.

Multiple EAs on Charts Fixing is an option that enables verifying if there are multiple
instances of the ReceiverEA running on the opened charts. This can cause conflicts and
potentially lead to errors in trading operations. To fix the issue, the Forex Copier removes all
charts with the Copier EAs except one, ensuring that only one instance of the ReceiverEA is
working. Note that the terminal restart is required for fixing.

Auto-trading and DLL Settings check - is an option that verifies (every 1 second by default) if
the necessary settings for Auto Trading and DLL are enabled in the trading terminal. If any
settings are not enabled, it can lead to errors and affect the performance of the EA. To fix
this issue, the program automatically enables the necessary options in the trading terminal,
ensuring that the EA is operating as intended. Note that the terminal restart is required for
fixing.

Copier Expert Advisor Settings – this is an option that ensures that the trading settings in the
terminal match the settings in the expert advisor (EA). If there are any deviations, it can
result in trading errors and potential losses. To fix the issue, the program updates the
settings in the trading terminal to match those in the EA, ensuring that the trading signals are
accurate and effective. The terminal restart is not required for fixing the EA settings problem.
Advanced settings
This tab contains settings that, if changed, may cause copying to stop. We recommend
you configure settings here if you know exactly why you want to adjust the parameter.

Slippage18 - is used when the signal is sent to the trading platform’s server. Slippage
defines the maximum difference between the price which is sent to the trading platform’s
server and the actual execution price.
If the slippage is too small then Copier will have to try opening orders many times. If
slippage is too big then orders on Source and Receiver accounts can be opened with a big
price difference.
Slippage is defined in pips, 1 pip = 0.0001 for non-JPY pairs and 0.01 for JPY pairs.

Max number of attempts to execute the order if the trading terminal cannot open
the order19 – defines how many times our software will try to open order if a broker rejects it.

Symbol name mapping - allows copying orders for the currencies with entirely
different names (for example XAUUSD -> GOLD). Forex Copier has a default list of mapping
symbols, but you can add new symbols or remove them by clicking the "Edit" button.

18
The setting is not available for the cTrader® accounts.
19
The setting is not available for the cTrader® accounts.
 Copy at the specified time – this setting allows restriction of the copying process by
time, day of the week, or day of the month.
For example, here you can set orders copying only from 08:00 to 17:00 only on
Thursday or only from the 21st to the 29th day of the month, etc.
 Orders will be closed in … minutes20 – defines the lifetime of the order. For
example, if you put 120 there, Forex Copier will close the order automatically after 2 hours
from opening.

20
The setting is not available for the cTrader® accounts.
 Allow symbol name auto-configuration - if this setting is on you allow the Copier to
adjust the currency pair names automatically.

For example, if Source and Receiver brokers have differences in currency pair suffixes
then Copier will adjust currency pairs names automatically.
For example: "EURUSD" ->" EURUSDfx", "EURUSD." ->" EURUSD" or
“EURUSDfxf”>”EURUSDa”, etc.

If this setting is off then you can add the necessary suffix/prefix to the currency pair by
yourself.
• Add this prefix to the symbol name of copied orders - if the broker has a Prefix in the
currency pair name (like "pEURUSD") then you need to enter this prefix ("p" in the example)
into this setting field.

• Add this suffix to the symbol name of copied orders - if the Source broker has some
Suffix in the currency pair name and the Receiver's broker has another suffix (like
"EURUSDm") then you need to enter this suffix ("m" in the example) into this setting.

Select a symbol in the market watch21 - this option allows the Forex Copier expert to
add the required currency pair to the Market Watch after receiving the first deal for a new
symbol.

21
The setting is not available for the cTrader® accounts.
 Show info labels on a chart 22– this setting allows you to choose whether labels on
the chart will be shown or not. Info labels are the text blocks that will be shown in MT4 with
the green and yellow colors if the checkbox is on.

Enable the maximum order size – defines the maximum allowed lot size for a copied
order. If the received lot size is bigger than the maximum allowed one, the order will be
copied with a maximum allowed size.

Allow order splitting23 – if this setting is on, the Forex Copier program will split one
order into a few orders in the case, the received lot size is bigger than the maximum lot size
allowed by a broker.

Write advanced logs24 – if this parameter is on then Copier will write more detailed
information in log files, this parameter is used for debugging purposes.

Save logs to a file25- if this option is enabled then Forex Copier will save logs about
each step it takes. Please note that enabling this setting can slightly decrease a copying
speed.

22
The setting is not available for the cTrader® accounts.
23
The setting is not available for the cTrader® accounts.
24
The setting is not available for the cTrader® accounts.
25
The setting is not available for the cTrader® accounts.
Templates

Templates allow you to configure the parameters quickly. You can adjust the settings
for only one Receiver, save them as templates and apply them to all further Receivers to be
added to the copying scheme.