subject: Powertradecopier - Useful Filters [print this page] The PowerTradeCopier duplicates orders between two or more MetaTrader 4 platforms. The MT4 terminals do not need to be kept running. The speed of trade placement and any slippage will only depend entirely on the latency to your broker and the quality of their trade execution.
We can introduce 8 useful filters here. These filters are built-in to the PowerTradeCopier.
1. Price differences filter
You will find this account copier filter handy for when you don't need to immediately copy orders. There are times when traders and brokers will hang on for a sub-account price change in relation to the master account. So you may prefer to have certainty that your price will move in the direction predicted. Alternatively, you may want an order copied once there has been a drawdown on the master account. There are occasions when the sub-account yields several pips following this course of action.
2. Filter by Comments
You can use this filter to copy trades (or not) using specific comments. For example you copy trades from 2 expert advisors. All of the EAs have comments placed for orders. The account copier can be adjusted to copy the trades from one EA but not copy trades from the other.
3. Filter by magic number
See 'filter by comments' for how this filter works. Trades to copy can be filtered or excluded using a magic number.
4. Filter SL & TP
Orders can be copied by using an adjusted diapason for TP or SL. To limit the sub-account risk you can use this filter. So you may prefer not to copy orders when the SL is above 100 pips if the TP is less than 50 pips. etc.
5. Filter by time diapason
You can add trading time intervals and the copier will copy trades only if the order is to be opened in the specified intervals. You can specify the trading hours in which you would like the orders to be copied for example in between 8 and 11 and 1 and 3., etc.
6. Filter by day of the week
This filter allows you to define working days of the week.
7. Filter by type of order
You can only copy a specified type of order. For instance, only sell limit orders would be copied.
8. Filter by lot size
Here is where lots of a specific size are copied. You can specify minimum or maximum lot sizes.
