In this video, I explain what risk parameters you can find in MT4 Local Trade Copier and how to use them.
With LTC it is possible to determine the risk factor for each slave account separately. LTC can handle different lot sizes for different accounts independent of their balance.
By default, LTC Client EA will use the same proportional volume size in the client account. This risk control mode will make generate proportional gain in client account(s) according to the difference between master and client account size. This is controlled using the RiskRatioServer parameter which is set to 1 by default. If you want to increase the volume of each operation by 20%, as an example, simply set the RiskRatioServer = 1.2 in the Client EA.
Another popular configuration that many traders use is to copy the same position size on the client account as on the master. To set the Client EA copy the same lot size always no matter what you need to turn off the RiskRatioServer and use the LotMultiplier.
Also, you can set Client EA to risk certain percentage of a client account’s balance/equity using the RiskPercent parameter, just note that this one requires a stop loss to be present. Trades will be delayed and not copied until the stop loss is set on the master trade while Client EA is using the RiskPercent parameter.
What to do if Client EA does not always use fixed lot size when it is configured to?
If you set Client EA to use fixed lot size then there’s no way for the Client EA to use any other lot size. It’s just not possible. However, there might be a couple of scenarios for misunderstandings.
Broker’s minimum and maximum lot size limitations
First scenario might be if your broker does not allow the lot size you are trying to use (minimum and maximum lot size limitations). For example, the broker has a maximum lot size limitation of 50 and you are trying to use fixed lot size of 60 lots. The broker will deny such lot size and Client EA will be forced to use lot size of 50 (maximum allowed by the broker). Obviously, there’s nothing you can do to override this because this is the limitation on the broker’s side. But you could use the Lot Split function in the Client EA to split that 60 lot trade into two trades of 50 and 10 lots.
Partially closed trades changes lot size
Another scenario might be if trades are closed partially (a.k.a. scale-out) on the master account. In this case, Client EA will repeat the same actions on the client MT4 account and when you get back to the computer you might see lot size that’s smaller than your preset fixed lot size. This is completely normal and interfering with this would usually ruin a trading logic of a strategy you copy.
If you set Client EA to you a fixed lot size then it will always use a fixed lot size always to open a trade, but as the time goes these trades might get closed partially on the master by your account manager or automated trading strategy you use (Forex EA). To copy the trades in a correct way Client EA will also close trades partially the maintain an exact same copy of those trades.
For example, master opens a 2.0 lot trade and client copies it at fixed lot of 1.0 lot. Master closes half of the position (1.0 lot) and the rest 1.0 lot is left to run. So the client will close half of the position too (0.5 lot) and the remaining 0.5 lot will be left to run. Now when you see 0.5 running on the client you might assume that the Client EA copied it incorrectly when in reality it is all fine because it was copied correctly but then closed partially by the master later.