Order Management & Validation Guide

📋 Overview

RedFox Copier Pro includes sophisticated order management to prevent duplicates, validate orders before execution, and enforce risk limits. This ensures clean, controlled trading without manual intervention.

Key Features:

• Duplicate order prevention (same symbol/direction)

• Order validation (SL/TP/lot size checks)

• Position limits (max orders per symbol/total)

• Pending order management

• Risk exposure limits

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🔒 Duplicate Prevention

1. AllowDuplicateOrders

AllowDuplicateOrders = true | false

Controls whether multiple orders on same symbol/direction are allowed.

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false (Recommended - Default)

Behavior: Blocks new orders if existing order on same symbol + direction exists.

Example:

Current Orders:
- EURUSD BUY @ 1.0850 (open)

New Signal: EURUSD BUY @ 1.0860
Result: ⚠️ Blocked
EA Logs: "Duplicate order detected - EURUSD BUY already exists"

When to use:

• Signal provider sends same signal multiple times

• Prevent over-exposure on one symbol/direction

• Clean trading with one position per direction

Pros:

• ✅ Prevents accidental duplicate positions

• ✅ Controls risk exposure

• ✅ Cleaner order management

Cons:

• ❌ Can't add to winning positions (pyramiding)

• ❌ Misses additional signals on same direction

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true (Allow Duplicates)

Behavior: Opens every signal regardless of existing orders.

Example:

Current Orders:
- EURUSD BUY @ 1.0850 (open)

New Signal: EURUSD BUY @ 1.0860
Result: ✅ Opens new order
Now have: 2 EURUSD BUY orders

When to use:

• Pyramiding strategy (add to winners)

• Layer orders feature enabled

• Signal provider rarely duplicates

Warning: Can lead to over-exposure if not controlled with position limits!

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📊 Position Limits

2. MaxOrdersPerSymbol

MaxOrdersPerSymbol = 0  // 0 = unlimited, >0 = max orders per symbol

Controls maximum orders on each symbol (both directions combined).

Example with MaxOrdersPerSymbol = 2:

Current Orders:
- GBPUSD BUY @ 1.2700
- GBPUSD SELL @ 1.2750

New Signal: GBPUSD BUY @ 1.2680
Result: ⚠️ Blocked
EA Logs: "Max orders per symbol reached (2/2) - GBPUSD"

Configuration Examples:

Conservative (1 order):

MaxOrdersPerSymbol = 1
AllowDuplicateOrders = false
// Result: Only 1 position per symbol (BUY or SELL)

Moderate (3 orders):

MaxOrdersPerSymbol = 3
AllowDuplicateOrders = true
// Result: Up to 3 orders per symbol

Aggressive (10 orders):

MaxOrdersPerSymbol = 10
// Result: Multiple positions, pyramiding allowed

Unlimited:

MaxOrdersPerSymbol = 0
// Result: No limit (use with caution!)

When to use:

• Prevent over-concentration on one symbol

• Limit risk per instrument

• Professional risk management

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3. MaxTotalOrders

MaxTotalOrders = 0  // 0 = unlimited, >0 = max total orders across all symbols

Controls maximum total orders across entire account.

Example with MaxTotalOrders = 10:

Current Orders:
- EURUSD BUY
- GBPUSD SELL
- XAUUSD BUY
... (total: 10 orders)

New Signal: USDJPY BUY
Result: ⚠️ Blocked
EA Logs: "Max total orders reached (10/10)"

Configuration by Account Size:

Small Account ($500-$2,000):

MaxTotalOrders = 5
// Reason: Limited margin, focus on quality

Medium Account ($2,000-$10,000):

MaxTotalOrders = 15
// Reason: More capacity, diversification

Large Account ($10,000+):

MaxTotalOrders = 30
// Reason: Professional diversification

Why use this?

• Margin management (prevent margin call)

• Focus on best signals only

• Reduce complexity

• Server performance (too many orders = lag)

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4. MaxOrdersPerDirection

MaxOrdersPerDirection = 0  // Max orders per direction (BUY or SELL) per symbol

Controls maximum orders per symbol AND direction.

Example with MaxOrdersPerDirection = 2:

MaxOrdersPerDirection = 2
AllowDuplicateOrders = true

Current: EURUSD BUY (2 orders)
New Signal: EURUSD BUY
Result: ⚠️ Blocked ("Max orders per direction reached - EURUSD BUY")

New Signal: EURUSD SELL
Result: ✅ Allowed (different direction)

Strategy Example (Hedging):

MaxOrdersPerSymbol = 6
MaxOrdersPerDirection = 3
AllowDuplicateOrders = true

// Can have: 3 BUY + 3 SELL on same symbol = 6 total

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✅ Order Validation

5. MinLot / MaxLot

MinLot = 0.01  // Minimum lot size
MaxLot = 10.0  // Maximum lot size (per order)

Purpose: Validate calculated lot size before opening order.

Example:

MinLot = 0.01
MaxLot = 0.50

Scenario 1: Calculated lot = 0.005
Result: ⚠️ Adjusted to 0.01 (minimum)

Scenario 2: Calculated lot = 0.25
Result: ✅ Accepted

Scenario 3: Calculated lot = 1.50
Result: ⚠️ Adjusted to 0.50 (maximum)

When to adjust:

Broker Limits:

ECN Broker: MinLot = 0.01, MaxLot = 100
Standard Broker: MinLot = 0.10, MaxLot = 50
Cent Account: MinLot = 0.01, MaxLot = 1000

Risk Management:

Conservative: MaxLot = 0.20
Moderate: MaxLot = 0.50
Aggressive: MaxLot = 2.0

Note: This limit is per order. If you open 3 orders per signal (3 TP levels), each can be up to MaxLot.

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6. MinSLPips / MaxSLPips

MinSLPips = 5    // Minimum SL distance
MaxSLPips = 500  // Maximum SL distance

(Covered in SL/TP Configuration doc - see 03_SL_TP_CONFIGURATION.md)

Purpose: Reject orders with SL outside acceptable range.

Example:

MinSLPips = 10
MaxSLPips = 200

Signal: GBPUSD BUY, SL = 5 pips
Result: ⚠️ Rejected ("SL too tight - 5 pips < minimum 10 pips")

Signal: EURUSD BUY, SL = 300 pips
Result: ⚠️ Rejected ("SL too wide - 300 pips > maximum 200 pips")

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7. SkipOrderWithoutTP

SkipOrderWithoutTP = true | false

Purpose: Enforce TP requirement on all orders.

When true (Recommended):

Signal: XAUUSD BUY @ 2650, SL: 2630, TP: (none)
Result: ⚠️ Skipped
EA Logs: "Order skipped - No TP level found"

When false:

Signal: XAUUSD BUY @ 2650, SL: 2630, TP: (none)
Result: ✅ Opens without TP (manual exit required)

When to use:

• true: Automated trading, no manual intervention

• false: You manually manage exits via Telegram commands

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⏱️ Pending Orders Management

8. AllowPendingOrders

AllowPendingOrders = true | false

Controls whether EA opens pending orders (Buy Stop, Sell Limit, etc.).

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true (Allow Pending Orders)

Behavior: Opens pending orders when signal specifies entry price.

Signal Example:

📊 EURUSD BUY STOP @ 1.0900
Current Price: 1.0850
SL: 1.0850
TP: 1.0950

EA Action:

Opens: Buy Stop pending order @ 1.0900
Triggers when: Price reaches 1.0900

When to use:

• Signal provider sends breakout strategies

• Want automated entry at specific levels

• Professional pending order strategies

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false (Block Pending Orders)

Behavior: Skips all pending order signals.

Signal Example:

GBPUSD SELL LIMIT @ 1.2800 (pending)

EA Action:

⚠️ Skipped
EA Logs: "Pending orders are disabled"

When to use:

• Only want market execution

• Don't trust pending order signals

• Reduce complexity

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9. TimeOrderNext

TimeOrderNext = 10  // Seconds to wait between orders on same symbol

Purpose: Prevent rapid-fire duplicate orders from signal provider.

Example with TimeOrderNext = 10:

10:00:00 - EURUSD BUY signal → ✅ Opens
10:00:03 - EURUSD BUY signal → ⚠️ Blocked ("Too soon, wait 7 more seconds")
10:00:15 - EURUSD BUY signal → ✅ Opens (10 seconds passed)

Configuration:

Strict (30 seconds):

TimeOrderNext = 30
// Prevents signal spam effectively

Moderate (10 seconds):

TimeOrderNext = 10
// Balance between protection and responsiveness

Permissive (3 seconds):

TimeOrderNext = 3
// Quick signals allowed

Disabled:

TimeOrderNext = 0
// No time restriction (risky!)

When to use:

• Signal provider sometimes duplicates

• Telegram connectivity issues cause message repeats

• Protect against network glitches

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🎯 Risk Exposure Validation

10. MaxRiskPerTrade

MaxRiskPerTrade = 1.0  // Maximum % of balance to risk per trade

(Covered in Lot Size & Risk Management doc - see 01_LOT_SIZE_AND_RISK_MANAGEMENT.md)

Purpose: Limit risk amount per order.

Example:

Balance: $10,000
MaxRiskPerTrade: 2%
Max Risk Amount: $200 per order

Signal: GBPUSD BUY, SL 100 pips
Calculated lot: 0.25 (risks $250)
Result: ⚠️ Adjusted to 0.20 lot (risks $200)

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11. MaxTotalRiskPercent

MaxTotalRiskPercent = 10.0  // Maximum % of balance at risk across all orders

Purpose: Limit total exposure across all open orders.

Example:

Balance: $10,000
MaxTotalRiskPercent: 10%
Max Total Risk: $1,000

Current Orders:
- EURUSD: Risking $300
- GBPUSD: Risking $400
- XAUUSD: Risking $250
Total Risk: $950

New Signal: USDJPY (would risk $200)
Result: ⚠️ Blocked ("Total risk would exceed 10% limit")

Configuration:

Conservative:

MaxTotalRiskPercent = 5%
MaxRiskPerTrade = 1%
// Max 5 trades at once (5 × 1% = 5%)

Moderate:

MaxTotalRiskPercent = 10%
MaxRiskPerTrade = 1%
// Max 10 trades at once

Aggressive:

MaxTotalRiskPercent = 20%
MaxRiskPerTrade = 2%
// Max 10 trades at once (10 × 2% = 20%)

Why important:

• Prevents over-exposure during high signal volume

• Drawdown protection

• Forces position selectivity

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💼 Real-World Configuration Examples

Example 1: Conservative Single Position

Goal: Only one position per symbol, strict limits.

Configuration:

AllowDuplicateOrders = false
MaxOrdersPerSymbol = 1
MaxTotalOrders = 5
MaxRiskPerTrade = 1%
MaxTotalRiskPercent = 5%
TimeOrderNext = 30
SkipOrderWithoutTP = true

Result:

• Max 5 symbols traded

• 1 position per symbol

• 1% risk each = 5% total exposure

• No duplicates possible

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Example 2: Pyramiding Strategy

Goal: Add to winners, up to 3 positions per symbol.

Configuration:

AllowDuplicateOrders = true
MaxOrdersPerSymbol = 3
MaxOrdersPerDirection = 3
MaxTotalOrders = 15
MaxRiskPerTrade = 1%
MaxTotalRiskPercent = 15%
TimeOrderNext = 60

Result:

• Can open 3 BUY + 3 SELL per symbol = 6 total per symbol

• Up to 15 total orders (5 symbols × 3 orders)

• Each risks 1%, max 15% total exposure

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Example 3: High Volume Trading

Goal: Trade many signals, diversified portfolio.

Configuration:

AllowDuplicateOrders = false
MaxOrdersPerSymbol = 2
MaxTotalOrders = 30
MaxRiskPerTrade = 0.5%
MaxTotalRiskPercent = 10%
TimeOrderNext = 5

Result:

• Up to 30 orders (15 symbols × 2)

• Low risk per trade (0.5%)

• Controlled total exposure (10%)

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Example 4: Strict Risk Management

Goal: Absolute control, no exceptions.

Configuration:

AllowDuplicateOrders = false
MaxOrdersPerSymbol = 1
MaxOrdersPerDirection = 1
MaxTotalOrders = 8
MaxRiskPerTrade = 1%
MaxTotalRiskPercent = 8%
MinLot = 0.01
MaxLot = 0.30
MinSLPips = 10
MaxSLPips = 150
SkipOrderWithoutTP = true
TimeOrderNext = 60

Result:

• Every limit enforced

• Maximum protection

• Clean, controlled trading

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Example 5: Aggressive Scalping

Goal: Many quick trades, accept more orders.

Configuration:

AllowDuplicateOrders = true
MaxOrdersPerSymbol = 5
MaxTotalOrders = 50
MaxRiskPerTrade = 0.5%
MaxTotalRiskPercent = 15%
TimeOrderNext = 3
AllowPendingOrders = false

Result:

• High frequency trading

• Many small positions

• Market orders only

• Fast execution

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⚠️ Common Mistakes

❌ Mistake 1: Unlimited Everything

Bad:

AllowDuplicateOrders = true
MaxOrdersPerSymbol = 0  // Unlimited!
MaxTotalOrders = 0      // Unlimited!
MaxTotalRiskPercent = 0 // No limit!

Risk: 50+ orders on one symbol, 100% account risk, margin call!

Good:

Set ALL limits appropriately based on account size

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❌ Mistake 2: Conflicting Settings

Bad:

AllowDuplicateOrders = false  // Block duplicates
MaxOrdersPerSymbol = 5         // But allow 5 per symbol?
// Conflict: Can only have 1 per direction, so max 2 total (BUY + SELL)

Good:

AllowDuplicateOrders = true
MaxOrdersPerSymbol = 5
// Now makes sense: Up to 5 orders per symbol

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❌ Mistake 3: No Time Buffer

Bad:

TimeOrderNext = 0
// Result: Signal repeats → 10 duplicate orders in 1 second

Good:

TimeOrderNext = 10-30

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❌ Mistake 4: MaxLot Too High

Bad:

Balance: $1,000
MaxLot = 10.0
// Result: One order risks entire account + margin call

Good:

Balance: $1,000
MaxLot = 0.10-0.20  // Proportional to account

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❌ Mistake 5: Ignoring Total Risk

Bad:

MaxRiskPerTrade = 2%
MaxTotalOrders = 50
MaxTotalRiskPercent = 0  // No total limit!
// Result: 50 × 2% = 100% risk possible!

Good:

MaxRiskPerTrade = 2%
MaxTotalOrders = 10
MaxTotalRiskPercent = 20%  // Enforces 2% × 10 = 20% max

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✅ Best Practices

✅ 1. Always Set All Limits

Minimum required:

MaxOrdersPerSymbol = (value)
MaxTotalOrders = (value)
MaxLot = (value)
MaxTotalRiskPercent = (value)
TimeOrderNext = (value > 0)

✅ 2. Start Conservative

First week:

MaxTotalOrders = 5
MaxRiskPerTrade = 0.5%
MaxTotalRiskPercent = 2.5%

Then gradually increase if comfortable.

✅ 3. Match Account Size

Account Size	Max Total Orders	Max Risk/Trade	Max Total Risk
$500-$2K	5	1%	5%
$2K-$10K	10-15	1-2%	10-15%
$10K+	20-30	1-2%	15-20%

✅ 4. Test Configuration

• Run on demo for 2 weeks

• Monitor order count, exposure, behavior

• Adjust limits based on signal frequency

✅ 5. Document Your Limits

Configuration Notes:
Date: 2024-10-28
MaxTotalOrders: 10 (account size: $5,000)
MaxOrdersPerSymbol: 2 (diversification)
MaxTotalRiskPercent: 10% (conservative)
Review Date: 2024-11-15

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🔍 EA Logging Examples

Order Accepted:

========== ORDER VALIDATION PASSED ==========
Symbol: EURUSD
Direction: BUY
Lot: 0.15
SL: 50 pips (within 5-200 range)
TP: 100 pips
Risk: $150 (1.5% of balance)
Total Risk: $450 (4.5% of balance)
Orders on EURUSD: 1/3
Total Orders: 5/15
==============================================

Order Rejected (Duplicate):

⚠️ ORDER REJECTED: Duplicate order
Symbol: GBPUSD BUY
Reason: AllowDuplicateOrders = false
Existing order: GBPUSD BUY #12345678

Order Rejected (Position Limit):

⚠️ ORDER REJECTED: Position limit reached
Symbol: XAUUSD
Current orders on XAUUSD: 3/3 (MaxOrdersPerSymbol)

Order Rejected (Total Risk):

⚠️ ORDER REJECTED: Total risk limit
Current Total Risk: $950 (9.5%)
This Order Would Risk: $100
Total Would Be: $1,050 (10.5%)
MaxTotalRiskPercent: 10%

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📊 Monitoring Your Orders

Telegram Command:

/status

EA Response:

📊 ACCOUNT STATUS
Balance: $10,000
Total Orders: 8/15
Total Risk: $720 (7.2%)

EURUSD: 2 orders (BUY, SELL)
GBPUSD: 1 order (BUY)
XAUUSD: 3 orders (BUY×2, SELL×1)
USDJPY: 2 orders (SELL×2)

Max Total Risk: 10%
Available Risk: $280 (2.8%)

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🚀 Quick Start Guide

Step 1: Determine Your Risk Profile

Conservative: Smaller limits, strict validation Aggressive: Higher limits, more flexibility

Step 2: Set Core Limits

// Position Limits
MaxTotalOrders = ?
MaxOrdersPerSymbol = ?

// Risk Limits
MaxRiskPerTrade = ?
MaxTotalRiskPercent = ?

// Lot Limits
MaxLot = ?

Step 3: Configure Duplicate Handling

AllowDuplicateOrders = ?
TimeOrderNext = ?

Step 4: Enable Validation

MinSLPips = 10
MaxSLPips = 200
SkipOrderWithoutTP = true

Step 5: Test & Monitor

• Run on demo

• Check EA logs for rejections

• Adjust limits if too strict/loose

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📞 FAQ

Q: Orders not opening at all? A: Check logs for rejection reasons. Likely exceeding MaxTotalOrders or MaxTotalRiskPercent.

Q: Too many duplicate orders? A: Set AllowDuplicateOrders = false and TimeOrderNext = 30.

Q: EA only opens 1 order per symbol? A: Increase MaxOrdersPerSymbol and set AllowDuplicateOrders = true.

Q: Can I have different limits per symbol? A: Not directly. Use separate EA instances or file config feature.

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Remember: Proper order management is key to long-term profitability. Better to miss a trade than blow your account! 🎯