Follower Guard: Overview

Follower Guard is a feature within the Replikanto software designed to protect follower accounts during trading operations. It helps manage synchronization between leader and follower accounts, ensuring that trades are accurately replicated and that potential issues are promptly addressed. Here’s a comprehensive look at how it works and why it's important:

Key Features of Follower Guard

1. Account States Monitoring

   • Off (Gray): The follower account is inactive.
   • On (Green): The follower account is active and synchronized with the leader account.
   • Out of Sync (Yellow): The follower account is active but not fully synchronized with the leader account. Despite this, it will continue to receive trades.
   • Disarmed (Red): The follower account is inactive due to a detected issue, stopping it from receiving further trades to prevent erroneous actions.

2. Synchronization Checks

   • Synchronization is monitored whenever the positions of leader and follower accounts change. If a follower account has an open position while the leader account does not, the follower account is flagged as "Out of Sync" (yellow).
   • This visual indicator allows the trader to take corrective actions, such as using the "Flatten" button to close the follower's position.

3. Automated Actions

   • If a follower account order is not filled after the leader’s order is executed, the system waits a set number of seconds before taking action (e.g., flattening the follower account).
   • Actions are also triggered if the follower account becomes out of sync, such as if it opens a position opposite to what it should have.

4. Error Handling

   • The system can automatically flatten a follower account in various error scenarios, such as:
     • Broker rejection of the current order.
     • Inability to submit the order.
     • Unsupported order updates by the exchange or broker.
     • Unspecified errors during order submission.

5. Disarming and Notifications

   • If issues persist, the follower account is automatically disarmed (turned red). This stops further trade replication to prevent any potential financial loss.
   • An email notification is sent whenever a follower account is disarmed, ensuring that the trader is promptly informed of the issue.

6. Rearming Accounts

   • Once an issue is resolved, follower accounts can be rearmed using the "Rearm" button, the "Flatten All" button, or the individual follower account’s "Flatten" button.

Configuration Options

• Email Notifications: Set up your email address and notification preferences to receive alerts about disarmed accounts.
• Timing Settings: Define the delay and conditions for actions such as flattening the follower account if an order is not filled or if it becomes out of sync.

Benefits

1. Protects Investments: By automatically managing synchronization issues and taking corrective actions, Follower Guard helps protect your investments from potential errors and discrepancies.
2. Reduces Manual Oversight: Automates the monitoring and handling of follower accounts, reducing the need for constant manual checks.
3. Enhances Reliability: Ensures that follower accounts are consistently aligned with the leader account, improving the overall reliability of the copy trading setup.
4. Increases Awareness: Real-time notifications and visual indicators keep you informed about the status of your accounts, enabling quick and effective responses to issues.

By using Follower Guard, you can ensure a more reliable and secure trading experience, minimizing risks and enhancing the efficiency of your copy trading setup.

To enter the screen to configure the Follower Guard in Replikanto, follow these simple steps:

1. Open Replikanto Software: Launch the Replikanto application on your NinjaTrader (NEW > FlowBots > Replikanto).
2. Access Properties Menu: Navigate to the Properties Menu (Right Click at the Replikanto window) within the application.
3. Locate Follower Guard Group: In the Properties Menu, find and select the Follower Guard group to access the configuration options.

That's it! You are now ready to configure the Follower Guard settings.