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Check out the simplified Free-Version: 

Check out the simplified Free-Version: 

Lot Multiplier Pro MT4 is a utility that can increase the positions of your account by adding additional positions to it. This can be useful in several scenarios:

  • To increase position-sizes when following a Signal
  • To increase position-sizes when using an EA which is locked to a fix lot-size
  • To increase position-sizes when using an EA which is restricted to a max lot-size

How does it work?

The utility will always check for open positions in your account. If a new position within the same account was opened by an EA, a Signal you follow or manually by you, the utility will quickly open another position according to you setup to “multiply” the original position. As soon as the original position was closed, the utility will also close the multiplied position. With the Pro-Version you can set multiple additional limitations and have more Lot Calculation Types available.

How to use the utility:

Drag and Drop the EA on a chart. It does not matter which one, but I recommend using EURUSD because it has continuous ticks. Set the Lot Calculation Type according to your preferred setup and input the value for it in the correct line of the inputs. Set a unique Magic Number which the utility uses for opening the multiplied positions. Don’t forget to check if the Auto-Trading button in your Terminal is enabeled.

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Type: Multiplier

    • Multiplier 1.0 means the multiplied position will be the same as the original one.
    • Multiplier 2.0 means the multiplied position will be double the size of the original one.
    • Multiplier 0.5 means the multiplied position will be half the size of the original one.
  • Multiplier 1.0 means the multiplied position will be the same as the original one.
  • Multiplier 2.0 means the multiplied position will be double the size of the original one.
  • Multiplier 0.5 means the multiplied position will be half the size of the original one.

Type: Fix Lot

The utility will always add a position with a fix Lot-Size predefined by you.

Type: Lot per 1000 Balance

The utility will use the classic “Lot per 1000 Balance” calculation and will add a position accordingly.

For example: Setup is 0.05 lot per 1000 balance and your balance is 2000$. When an EA or Signal opens 0.03 Lot, the utility will open another position with 0.07 Lot to achieve the desired 0.10 Lot.

Message me in case you have any questions! Please also check the FAQ, maybe your question is already covered by it.

Message me in case you have any questions! Please also check the FAQ, maybe your question is already covered by it.

FAQ:

1) How quick will the multiplied position be opened or closed?

– It usually takes about 1 second to open the multiplied position. But it can take longer if your broker has a high execution time, or if the latency of your VPS is not great. For closing the same applies.

2) Will the utility also copy SL and TP?

– If you have enabled it, yes. It will place a SL and TP 10 Points wider than the original position. This way the utility avoids potential disorder which could be caused when the SL (or TP) of both positions is triggered at the same time. Ideally the utility will close the multiplied position right after SL or TP was triggered for the original position without even touching the SL or TP of the multiplied position.

3) Which Positions will be multiplied?

– The utility will multiply every open position wich meets your defined limitations. It will ignore pending orders as long as they have not been executed.

4) What happens when I set multiple limitations at the same time (direction limit, symbol limit, magic limit, comment limit)?

– The utility will only multiply positions which are in line with all the limits. You can run the utility simultaneity on different charts (don’t forget to set uniqe magic numbers for each) with different setups the manage different EAs independently. I will assist you with your setup, if you are not sure about it.

5) Does the utility work with the FIFO rule?

– Basically, the utility does not violate the FIFO rule. But it is highly dependent to your setup, especially if you use EAs which open more than one position at the same time at a single symbol. Please test your setup at a demo-account and only go live if everything works as expected.

6) Does the utility work with Netting-Accounts?

– No! Please only use this utility with Hedging-Accounts. With Netting-Accounts the utility has no chance of knowing if it already had multiplied the position and will keep adding new trades.

Key Features of Algorithmic Trading Software

05 April 2021

1.0

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