The Remote Trade Copier and Local Trade Copier software has the ability to delay pending orders that are sent from the master account to a slave account. This is one of the many advanced features of Client EA.
Customers can set the EA to delay pending orders by a certain number of seconds by using the unique DelayPendingOrdersForSeconds setting.
By default, its value is set to zero which implies that there will be no delay in placing a pending order. For example, if you set this number to 120, the Client EA will delay pending orders by 120 seconds or 2 minutes. When a new pending order is received, the Client EA will delay it for 2 minutes first and then place it on your account, if it still exists on the master account. During those 2 minutes, if the pending order is cancelled on master account, it will not be placed on the corresponding slave account. Also, if the pending order is triggered and becomes a market order on master account, it instantly opens as a market order on the corresponding slave account.
How I know if there are any MT4 trades delayed?
The Client EA shows a “Delayed trades” counter on the dashboard. This is where you can see if there are any trades coming from the master MT4 account, but delayed on your MT4 account. Also a “Clock” icon on the left side of the EA dashboard will be displayed in red color indicating that there are trades being delayed. Note that trades can be delayed for other reasons as well.
When does delaying of pending orders become necessary?
Let’s consider a scenario in which a trading system sends pending orders at the same time each day, for example at midnight. Different brokers might have different time zones and it is possible that when its midnight at the place where master account platform is based, it could be some other time at the place where slave account is located. Now, when all new pending orders are sent, the broker of the slave account might be doing rollovers and this may result in unwanted debits (due to rollover fees and taxes).
For example, let’s say a broker is performing rollovers from 21:57 until 22:05 and the new pending orders arrive at 22:00. Now these pending orders will be subject to rollover taxes just because of this difference of few minutes. To deal with such a situation, you can set the Client EA to delay orders by 600 seconds which will result in placement of pending orders 10 minutes later at 22:10, after Forex broker rollover is done. To learn more about rollovers, check out this informative article Understanding Forex Rollover Credits And Debits.
Delaying Pending Orders Helps Avoid Trading Context Busy Errors
If you receive trading signals from multiple Forex signal websites and you run multiple Client EAs, you may get “Trading Context Busy” error from your broker. This usually happens if all pending orders get delivered at the same time. This may lead to unexpected results by trading actions. In this situation, it is advised to delay pending orders by a few minutes on one of the Client EAs. This will help in avoiding “Trading Context Busy” errors and all pending orders will be placed sans any issues.
Also, it is possible that during the delay time period, a pending order gets triggered on master account and become a market order. In this case, Client EA opens that trade instantaneously as a market order. This may result in slightly different entry price because of the spread and slippage, but it is much better than having pending orders missed completely because of the “Trading Context Busy” error.