Help CenterCopy settings contains a fundamental setting of your trade copier: Risk Factor. It defines how the trade size is computed on your slave account as it copies from the master. Copy settings also contains settings that affects the behavior of your trade copier like copier status, reverse trading, and pending order.
How to access Copy Settings
1.) Click on Adv Settings
2.) Click the Copy Settings tab - here, you'll see the settings you can configure.
Copier Status
The Copier Status default is always ON. If you wish to temporarily stop the copy of a particular Master or Slave account, you can change the status to OFF. Please note that if you change the Copier Status of a Master account, all Slaves linked to that particular Master will stop copying its orders.
Risk Factor and Value
Risk factor determines how the trade size is copied on the Slave. Without it, no order will be copied. We have several risk factors you can choose from.
1. Auto Risk (Proportional Value)
Auto Risk: The Slave trade size is proportional to the Master trade size and the Master account size. The Auto Risk method allows you to be exposed to the same level of risk between the Master and the Slave proportionally to the account size.
When using the Auto Risk method, the system will keep the same ratio of the trade size versus the account size between the Master and the Slave accounts. This is how we compute Auto Risk:
- Formula: Slave Order Size = (Slave Account Balance / Master Account Balance) x Master Order Size x Auto Risk Value.
- Example: If the Master account is $1000 and the Slave account is $500, setting Auto Risk to 1 means the Slave places 0.5 lots for every 1 lot the Master trades.
The “Account Size” can be defined using the equity, the balance, or the free margin of both Slave and Master accounts. Below is the examples of how Auto Risk converts the trade size on your Slave as it copies your Master.
Auto Risk Example:
2. Multiplier (Notional or Lot)
With the Multiplier method, the Slave trade size is simply a multiplier applied to the Master trade size no matter the Equity, Balance, or Free Margin of both Slave and Master accounts. When using the “Multiplier (Notional)” or "Multiplier (Lot)" methods, the system will multiply the master trade size by the defined value and place the corresponding order on the Slave account.
Multiplier (Notional)
Using the "Multiplier (Notional)" the contract size of master and slave symbols is considered and trade size will be adjusted accordingly. The multiplier will be applied to the notional amount of the master trade size.
This is how we compute Multiplier (Notional):
- Formula: Slave Order Size = Master Order Size x Multiplier(Notional) value x (Master contract size / Slave contract size)
- Example: If the Master trades 1 lot with a contract size of 10000 and the Slave has a contract size of 100000, with a multiplier of 1, the Slave will trade 0.1 lots, keeping the same trade size proportion.
Multiplier (Lot)
Using the "Multiplier (Lot)", the contract size is not considered, so if it is different between master and slave symbols, the notional amount of the trade will not be the same.
Here is how we compute Multiplier (Lot):
- Formula: Slave Order Size = Master Order Size x Multiplier(Lot) value
- Example: If the Master trades 1 lot with a multiplier of 2, the Slave will trade 2 lots, regardless of the notional value.
Multiplier Examples:
3. Fixed (Lot or Unit)
With Fixed Lot/Unit the Slave trade size is fixed and is defined in advance for each trade no matter the Equity, Balance or Free Margin of both Slave and Master accounts
When using the Fixed Lot or Fixed Unit method, whatever the Master trade size is, each trade placed on the Slave account will be the defined Fixed lot or Fixed Unit value, no matter the Equity, Balance, or Free Margin of both Slave and Master accounts.
- Formula: Slave Order Size = Fixed Lot/Units value
- Example: If you set the value to 1 and the Master trades 5 lots, the Slave will still trade 1 lot. Note that the lot size depends on your broker’s account type (mini, micro, or standard).
Please note that if you are using a broker account configured with a mini, micro, or standard lot, setting a "Fixed Lots" with a value of 1, will open respectively 1 mini, 1 micro, or 1 standard lot.
Difference between Lot and Units: 100,000 units represent the equivalent of 1 standard lot with a notional value of 100,000 USD, so for example, if you set the Fixed Units to 20,000 this is equivalent to 0.2 standard lot.
Fixed Examples:
4. Fixed Leverage
With Fixed Leverage the Slave trade size is fixed and is a defined function of a wished leverage that the trade has to have on the Slave account. The Slave lot size does not depend on the Master trade size in that case.
When using the “Fixed Leverage” method, the system will compute the order size to place on the Slave account defining the leverage that the new position has to have regarding the account size of the Slave account.
Below is the formula used to compute the slave order size:
- Formula: Slave Order Size = Slave Account Size x Fixed Leverage value
- Example: If the Slave account balance is $200000 and the Fixed Leverage is 1, the Slave will trade 2 lots.
Fixed Leverage Examples:
Reverse Trading
You can "Reverse" your trades by simply enabling the Reverse Trading option. If the Reverse Trading option is enabled, a buy order will become a sell order and vice versa. The same effect happens for Stoploss & Takeprofit, SL becomes TP, and TP becomes SL on the Slave.
Copy Pending Order
You have the option to copy pending orders of the Master or not.
If you activate the "Copy Pending Order" option, the pending orders will be hosted on the Slave at the creation of the order. This means you'll have a pending order on your Slave account as soon as your Master placed a pending order.
If the Copy Pending Order is disabled, a market order will be sent to the Slave after the Master pending order is triggered/hit.