Ofir Synchro

Ofir Synchro is a tool to synchronize accounts (copy trading)

Synchronization works on various mode:

• MT4 <-> MT4
• MT5 <-> MT5
• MT4 <-> MT5
• Local synchronization (accounts running on same computer)
• Remote synchronization (accounts running on different computer, through a Telegram channel)

This application is 100% based on Telegram in order to be managed and set up from your mobile.

Create synchronizations

In order to create and manage synchronizations, press Setting in main menu

Press Add and select if synchronization is local or through a Telegram channel:

• Local: all MT4/MT5 accounts are running on the same computer
• Channel: synchronized accounts are running on different computers. They are using a Telegram channel to get synchronized.
  

Select your role in the synchronization:

• Master: you are sending your trades to the receiver(s)
• Receiver: you are receiving trades from the master(s)
• Both: you are both master and receiver in this synchronization
  

Enter account number (for local synchronization) or channel name (for remote synchronization via a channel) you want to synchronize with, and press return..

Synchronization is now created at your side.

Synchronization must be created too at the receiver side, giving your account number
 .

Synchronization test

1. Press Test in setting
2. Select the synchronization to test
3. Test message is sent
4. Check message is received by the recipient bot
   

Setting synchronizations

In main menu, press Setting, then Edit, then select the synchronization to edit.

Role

Symbols

Order types

Lot sizing

Start synchronization

Open a position in Metatrader (or let an EA do the job)

Journal & reports

How lot sizing works

Since master account and receiver account doesn’t have the same capital and risk management (risk per trade), lot sizing is a key aspect when copying trades between both.
Let’s take an example to understand how Ofir Synchro handles lot sizing.

	Master	Receiver
Equity	100K	5K
Risk per trade	0.1%	1%
A4	B4	C4

When receiver copy a trade from master, the default lot sizing is to: Adapt the lot size by comparing the master and receivers equities : in our example, receiver equity is 20 times less than the master one. If master position lot size is 1, receiver lot size should be 0.2Take only in account the risk used by master (0.1% per trade

SL=20	Master	Receiver
Using same risk as master (0.1%). Lot size divided by 20
Using receiver risk (1%) to set the lot size

Let’s what happens when receiver can’t open the trade because StopLoss is too large for its equity. We will now open a position with SL=100 pips

SL=100	Master	Receiver
Using same risk as master (0.1%). Lot size divided by 20
Using receiver risk (1%) to set the lot size