CopierM5 - MT5 Trade Copier System

CopierM5 - MT5 Trade Copier System
1. Project Type
[To be filled]
2. Full Functional Description
CopierM5 is a professional-grade trade copying system designed exclusively for MetaTrader 5 platform. Built on the MT5 Manager API, it enables real-time replication of trading activities from master accounts to multiple follower accounts. The system provides sophisticated strategy configuration options, comprehensive position management tools, and a user-friendly Windows interface, making it ideal for fund managers, signal providers, and trading firms operating on MT5.
2.1 Core Trade Copying Engine
High-performance engine for real-time trade replication on MT5 platform.
Key Features:
MT5 Manager API Integration: Direct integration with official MT5 Manager API for reliable server-side trade execution with institutional-grade performance.
Real-Time Order Synchronization: Instant copying of trades from master to follower accounts, including market orders, pending orders, and modifications.
Partial Close Support: Intelligent handling of partial position closures, tracking original tickets and managing split positions correctly.
Single Instance Protection: Built-in mutex mechanism ensures only one instance runs at a time, preventing conflicts and duplicate trades.
Use Cases:
Fund managers distributing trades across client accounts
Signal providers offering MT5 copy trading services
Trading firms synchronizing proprietary strategies
2.2 Advanced Strategy Configuration
Flexible strategy settings to match any trading style and risk profile.
Key Features:
Multiple Lot Sizing Options: Choose from fixed lots, proportional scaling based on master lots, equity-based leverage scaling, or custom equity multipliers.
Direction Control: Independently enable or disable copying of buy orders and sell orders, giving you complete control over position direction.
Signal Reversal: Option to reverse trading signals - when master buys, follower sells and vice versa, enabling hedge strategies.
Money Manager Commission: Built-in percentage allocation for money managers, automatically calculating and tracking performance fees.
2.3 Stop Loss & Take Profit Management
Comprehensive SL/TP handling with multiple copying modes.
Key Features:
Multiple SL/TP Modes: Copy exact SL/TP from master, use custom fixed values, or disable SL/TP copying entirely.
Custom SL/TP Values: Set your own stop loss and take profit distances in points, overriding master account settings.
Spread Compensation: Option to add spread into SL/TP calculations, ensuring accurate risk levels across different brokers.
Close Signal Copying: Choose whether to automatically close follower positions when master closes, or manage them independently.
2.4 Position Management Tools
Complete toolkit for managing open positions on follower accounts.
Key Features:
Manual Position Opening: Open new positions directly on follower accounts with full control over lot size, SL, TP, and other parameters.
Position Modification: Modify existing positions including stop loss, take profit, and other order parameters in real-time.
Flexible Position Closing: Close positions fully or partially with precise lot size control, supporting various exit strategies.
Bulk Operations: Perform operations on multiple positions simultaneously for efficient portfolio management.
2.5 Follower Strategy Management
Manage different copying strategies for each follower account.
Key Features:
Per-Account Strategies: Configure unique copying strategies for each follower account, allowing different risk profiles.
Default Strategy Templates: Create and save default strategy configurations for quick setup of new follower accounts.
Strategy Encryption: All strategy configurations are encrypted using 3DES for security and protection of trading parameters.
Real-Time Strategy Updates: Modify strategies on the fly without stopping the copier, enabling dynamic risk adjustment.
2.6 System Settings & Configuration
Comprehensive system configuration options for customization.
Key Features:
SQLite Database Storage: Local SQLite database for persistent storage of accounts, strategies, and trade history.
Extensive System Settings: Configure connection parameters, logging options, and operational parameters through dedicated settings panel.
Secure Data Encryption: Sensitive data including account credentials and strategies are encrypted using DES/3DES algorithms.
Multi-Language Support: User interface with localization support for international deployment.
2.7 Professional User Interface
Intuitive Windows desktop application designed for professional traders.
Key Features:
Main Dashboard: Central control panel displaying all accounts, positions, and copying status at a glance.
Position Management Forms: Dedicated windows for opening, modifying, and closing positions with full parameter control.
Strategy Configuration Dialogs: User-friendly dialogs for configuring copying strategies without technical knowledge.
Custom Message Boxes: Enhanced notification system with styled message boxes for important alerts and confirmations.
3. Prospective Pricing
Pricing Notes:
Binary version: Ready-to-use solution for immediate deployment.
Source code version: Full customization capability for white-labeling or integration.
MT5 Manager API license from MetaQuotes required separately.
Prices are reference only and subject to negotiation.
[Note: To be filled by sales team based on market positioning]