Symbol conversion table on external file for trade copiers

Remote Trade Copier v1.7 and Local Trade Copier v1.5 has special symbol conversion feature built-in. Client EA will look for a special file upon start-up. Files should be named respectively RTC-sct.txt and LTC-sct.txt and stored in a \MT4-folder\experts\files\ folder.
The files can contain any number of symbol conversions.
Note that this has nothing to do with the regular currency pair prefix/suffix, because this can be set in the EA input settings. Of course it can be set in this file as well, but this would only add extra work.
Symbol conversion feature is very useful for Indices, CFD and Metals. As you may know there are different names for the same symbols among brokers. It is impossible to create the system that will work on all brokers because hundreds of brokers exists with different symbol names. Like for instance on broker #1 you can have symbol named SP500, while on broker #2 this could be named S&P500 and broker #3 could have _SP500. This will lead to trades ignored and not copied.

Now image if your master account is broker #1. It has SP500 symbol and you send trades to those other two brokers (slaves). They should have entries in the conversion files. The broker #2 should have “SP500=S&P500″ and broker #3 should have “SP500=_SP500″.

Now image if your master account is broker #2. It has S&P500 symbol and you send trades to those other two brokers (slaves). They should have entries in the conversion files. The broker #1 should have “S&P500=SP500″ and broker #3 should have “S&P500=_SP500″.

Note that conversion files are not included with the software. You should create conversion file manually for all brokers you need to use it. This could be a challenge at first, but with this conversion feature it is great to have a solution. Detailed explanation how to create conversion file is included in the manual that you will receive after purchase.

Note that the same broker may have different symbol names on different account types. Many brokers use regular symbol names on demo accounts, but when you open real account, you will see that symbol names may be different.

We will work further on this feature and will try to collect and create as many conversion tables as possible for major and the most popular brokers.

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