Templates Configurator Tab

The “Templates Configurator” tab lets you create templates with specific copying conditions that you can use for account groups or individual accounts. This powerful feature supports various template types and customization options, giving you flexibility based on your preferences.

A ‘Default’ template has been set up as a global template that automatically applies to all account groups or individual accounts unless you create a custom one. This basic template mirrors trades by copying the exact quantity from the Leader account to each follower account. For example, if the Leader account opens 2 contracts, 2 contracts will also be opened on each follower account.

How to create a Template:

There are two methods available for creating a template: Copy Method and Instrument Method. Follow the steps below to create a template using either method.

1. Copy Method.

Step 1: Click the ‘+’ icon, select Copy Method as the template type, then enter a name and optional description under General Settings.

Step 2: Choose the type of Copy Method you want to apply. There are two options:

A. Exact Quantity: This option copies the exact quantity from the Leader account to the Follower accounts. Example: If you open 4 contracts of ES on the Leader account, 4 contracts of ES will also be opened on each Follower account.

B. Percentage: This option copies a percentage of the quantity from the Leader account to the Follower accounts. Example: If you set it to 50% and open 4 contracts on the Leader account, the Follower account will open 2 contracts (50% of 4).

While selecting Copy Method as ‘Percentage’, choose and edit the following:

Type: Percentage

Value(%): Enter the % value that you need to copy on your Follower accounts.

Rounding method:

a. NoRound – Copies the exact percentage of the quantity from the leader account to the follower accounts.
Example: If you set 50% and open 10 contracts on the leader account, 5 contracts will be opened on the follower accounts.

b. RoundUp – Rounds up any decimal result to the next whole number.
Example: If you set 50% and open 5 contracts on the leader account, it will copy 3 contracts (instead of 2.5).

c. RoundDown – Rounds down any decimal result to the nearest whole number.
Example: If you set 50% and open 5 contracts on the leader account, it will copy 2 contracts (instead of 2.5).

Rounding Decimals: Defines how many decimal places to keep when rounding.
Example: If you set the rounding decimals to 2, useNoRound, and open 1.264 contracts on the leader account at 50%, the follower accounts will receive 0.63 contracts (rounded from 0.632).

Step 3: Set the Advanced Options settings.

a. Map to Inverse Instrument: If enabled, it will trade the inverse instrument on the follower account(provided there’s an inverse for the instrument).
Example: Opening 5 contracts of NQ on the leader with ExactQuantity will open 5 contracts of E-mini NQ on the follower (and vice versa).

b. Convert Order Fills to Market Orders: When this option is enabled, the system will not copy limit or stop orders directly to the follower accounts. Instead, it waits for these orders to be filled on the leader account. Once the leader’s limit or stop order is executed, a market order is immediately placed on the follower accounts to mirror the fill.

2. Instrument Template – The Instrument Template is used when you want to copy trades only for selected instruments. Follow the steps below to create one:

Step 1: Click the ‘+’ icon, select Instrument Method as the template type, and enter a name and description under General Settings.

Step 2: Select the instruments you want to include. You can search using the ‘Filter by name’ field or scroll through the Available Instruments list. Check the box next to your desired instruments and click the ‘>’ button to add them to the template.

Tip: You can mark favorite instruments by checking the box under the ‘Favorite’ column.

Step 3: Assign a Copy Method to the entire template or to individual instruments:

a. For the entire template: Use the dropdown under Global Template to select the preferred Copy Method.

b. For individual instruments: Use the dropdown in the same row as each instrument under the Copy Method column to assign a method separately.

Note:

1. If no Copy Method is assigned to the Instrument Template, it will automatically use the Global Copy Template, which defaults to the Default Copy Method. You can change this in the Settings tab.

2. If you assign a ‘copy method’ template to an ‘Individual instrument’, it will override any templates assigned to its ‘Instrument template’ as well as any Global templates. To remove any template, click on the ‘X’ button.

3. Risk Management template: The Risk Management template allows you to set a daily profit or loss limit for your accounts. Once the specified limit is reached, your account will be automatically disabled from trading.

Step 1: Click the ‘+’ icon, select Risk Management Template as the template type, and enter a name and description under General Settings.

Step 2: Set the Daily P&L figures you want for your accounts.

a. Max Daily Win: This setting lets you define a daily profit target per account. After you enable this option, a field will appear where you can input the desired amount. Once your closed PnL exceeds the set amount, trading will be disabled on that account for the rest of the day.

Example: If you set the Max Daily Win at $1,000 and close a trade with a $1,200 profit, your account will be locked for the day since the profit exceeded the set target.

Sub-setting: Enforce on Open Trades
When you enable “Max Daily Win,” an additional option called “Enforce on Open Trades” will appear. This feature considers both closed and open PnL to determine whether your daily profit limit has been reached. If your combined equity profit (closed + open trades) hits the Max Daily Win amount, all open trades will be automatically closed, and trading will be disabled for the day.

Example:
Max Daily Win is set to $1,000. You close a trade with $600 profit and currently have an open trade with $400 floating profit. As soon as the system detects the combined profit has hit $1,000, it will close the open position and disable trading for the rest of the day.

b. Max Daily Loss: This setting allows you to define a daily loss limit per account. After enabling this option, a field will appear where you can enter the desired loss threshold. Once your closed PnL goes below the set amount (i.e., your losses exceed the limit), trading will be disabled on that account for the rest of the day.

Example:
If you set the Max Daily Loss at -$500 and close a trade with a -$600 loss, your account will be locked for the day as the loss has exceeded the defined limit.

Example:
Max Daily Loss is set to -$500. You close a trade with a -$300 loss and currently have an open trade showing a -$200 floating loss. Once the system detects a combined loss of -$050, it will close the open trade and restrict further trading for the day.

1. Per-Account Application: The Max Daily Win/Loss values you set are applied individually to each account, even when the template is assigned to an entire Account Group.

Example: If you set a Max Daily Win of $1,000 and a Max Daily Loss of $500 for an account group, each account within that group will have those limits applied separately, not as a combined total for the whole group.

2. Trading Restriction Scope: Once an account reaches the Max Daily Win or Loss limit, trading will be disabled only through the ETP Copier for the remainder of the day, and only while the Risk Management Template remains applied. If you wish to continue trading even after the limits have been reached, you can either update the Win/Loss limits or remove the Risk template from the Account/Account groups.

3. Priority of Templates: If you assign a Risk Management template directly to an individual account, it will override any Risk templates applied at the Account Group level as well as the Global Risk template.