Copying Trades Between Trading Systems and Correlated Instruments
Summary
The document describes a trade-copying setup in which one MetaTrader expert advisor exports order requests and another imports and executes them. The systems can run in the same terminal or separate terminals on the same computer. The importer can target a different symbol, allowing orders from one instrument to be copied to a correlated instrument such as a spot product and its futures counterpart.
The exporter records order details and can retain exported trades for a configured period. The importer filters pending trades by a magic number and symbol, then allows volume and price multipliers to adjust copied orders. An option controls whether imported trades are deleted after use, which matters when several importing systems share the feed. The document explains configuration and request fields for market orders, modifications, stops, and position closes, but provides no evidence on execution quality or reliability. Users must account for instrument differences and normalize prices and order parameters for the destination symbol.
Key ideas
- An exporting advisor can pass trade requests to an importing advisor through shared exchange files.
- The importer can apply volume and price multipliers when copying trades.
- Trade copying can target a different, potentially correlated instrument.
- A retention setting and a deletion option govern how imported trades are shared and consumed.
- Destination orders require symbol-specific parameter adjustment, including price normalization.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.