Now you can add Roulette TRADER Money Management to virtually ANY MT4 Expert Advisor that you may have purchased somewhere else.

YOU DO NOT NEED ACCESS TO THE SOURCE CODE of your Expert Advisor (EA) because this EA merely copies the trades of other EAs and applies Roulette Trader Money Management to the lot sizes of it's trades. The only requirement is that your EA uses a Magic number (a unique EA identifier), which this copier EA uses to identify the EA to copy trades from.

PLEASE NOTE: This "Trade Copier" EA is NOT required for any Roulette Trader Expert Advisors sold on this website because they already have Roulette Trader money management built into them. This copier EA is to accompany EAs you may have purchased from other developers that only have traditional money management options.

How It Works...

This Trade Copier is lightning fast! It checks for new opened or closed trades every tick or every second (whichever occurs first) so it opens and closes trades usually within a few milliseconds following the primary signal EA it is copying. Of course, this can be effected by how fast your broker fills orders but in live testing at the broker Oanda, the opening and closing time of copied trades is usually much less than 1 second, even during reversal trades in a non-hedging account (the most difficult scenario) as long as the signal EA will resend market orders if the order is not filled on the first attempt (a standard feature in most EAs). If hedging is allowed on your account, the fills on reversal trades are even faster since it does not need to wait for the previous trade to close.

The Trade Copier will copy trades from any other EA running in the SAME MT4 platform as long as the signal EA uses a Magic Number (self identifier), which the Trade Copier uses to identify it's trades. You can run multiple instances of the Trade Copier on the same MT4 platform and on multiple MT4 platforms simultaneously. Just give it a unique Magic number of it's own in the settings.

EA Setup...

1. In your primary Signal EA, enter 0.01 Fixed Lots (or the smallest lot size your broker allows) and enable live trading.
2. In the Trade Copier EA, enter the Magic Number of the signal EA you want to copy, along with your money management settings and it will copy the trades of the signal EA while applying Roulette Trader Money Management to the lot sizes of the copied trades. To copy manually-opened trades, enter 0 (zero) in the "MagicNumber_to_Copy" setting.
3. TRADING DAYS & HOURS: For additional control, you may customize precise trading days and hours in the Trade Copier EA. You may choose specific days of the month and specific trading hours for each day of the week. Outside of these precise days and hours, the Trade Copier EA will not copy trades of the signal EA. This allows you to create a trading schedule for each day of the week and even disable trading on specific days of the month well in advance.

Variables Included...

The first group of variables are the General settings, as follows...

• EAName: You can customize the EA name here. Give it a unique name for each instance you are running.
• MagicNumber: Enter a uniqe magic number here for each instance you are running
• MagicNumber_To_Copy: Enter the Magic number of the EA you are copying trades from. Enter 0 to copy trades opened manually.
• CloseOppositeOrder: If True, the copier will close it's trade as soon as the primary EA generates a reverse trade order, rather than wait for the primary EA's trade to close. Set to True on accounts that do not allow hedging for quicker closing of trades during reverse signals.
• MaxOpenPositions: Set the max total number of trades the copier EA will open at one time.
• MaxOpen_Buy_Positions: Set the max number of Buy positions the copier EA will open at one time.
• MaxOpen_Sell_Positions: Set the max number of Sell positions the copier EA will open at one time.
• Slippage: Set the max slippage in pips allowed between the market order price and fill price.
• PopUpAlert: Set to True if you want a popup alert when a trade is opened or closed.
• JournalLogs: Set to True if you want details of each trade recorded in the Experts & Journal logs.

Money Management Settings

This Trade Copier EA is loaded with all the features necessary to implement all variations of the Roulette TRADER Money Management strategies in a single EA, including the ability to switch between Consecutive Wins and Cumulative Wins strategies with a simple True/False switch. Or switch from Positive Progression to Negative Progression with a True/False switch. It includes the following settings for applying Roulette Trader Money Management...

Minimum Pippets (What is a pippet?)

These are very important settings. In order for the EA to change the lot size on the next trade, a Win or Loss MUST be at least this large (in pippets). "Pippets" are NOT pips, they are 1/10th of a pip. Therefore, 500 pippets = 50 pips and 50 pippets = 5 pips. There are 2 settings for "Minimum Pippets". One for wins, and one for losses. This gives you a lot of customization flexibility over your money management strategy. 

Stops & Targets...

While your Signal EA may already use a Stop-Loss and Profit Target, these settings should be considered "Emergency" stops and targets in case the Copier EA fails to close your trade for some reason. These settings should either be equal to your Signal EA's Stops and Targets to avoid slippage or you can place them outside your Signal EA's stop and profit target if your EA uses hidden stops and targets. The Copier EA is very quick to close trades following the Signal EA but it cannot copy the close if MT4 is closed or there is no internet connection, among other reasons. Therefore, it is always good practice to use a stop-loss on all trades, which will be set on your broker's server so you are protected even if you lose your internet connection or have a Windows update that reboots your computer and closes MT4.

Trading Days & Hours:

The second half of the EA settings allows you to schedule specific days of the month and specific hours of each day of the week that you would like the EA to copy trades. This gives you additional control above and beyond what may be available in the EA you are copying trades from. The default settings are to copy trades 24 hours every day but you can really narrow that down with specific Start & End times for each day of the week.

The first variable "DaysOfTheMonth" allows you to schedule the days of the month you'd like to copy trades. The default setting is to trade every day. To eliminate trading days, simply delete the day of the month you do not want to copy trades, plus the slash that follows it so there is always one slash "/" between each day. For example, if you don't want to trade on the 4th of the month due to a major holiday or economic announcement, your setting would look like this: 1/2/3/5/6/7/8/9/... and so on.

The variable "UseDayControl" allows you to enable and disable the Start and End times of each day of the week in the section below it but you can also disable trading for each day of the week independently when UseDayControl = True.

Text Display:

The Text Display settings allow you to choose the color of the text displayed on your chart. This display allows you to quickly and easily see the most important settings without the need to open up the EA properties window.

Trades copied from 2 different EAs on GBP/JPY and USD/CHF.