You can create a trade copier that will copy your trades from one account to another based on various risk settings.
You can copy to as many accounts as you wish, there is no limit
You can create trade copiers between any account on your platform. You can also chain multiple accounts if required. An example of chaining, if you have 3 accounts; A, B and C and you create a trade copier from A to B and then a trade copier from B to C.
Please take care if chaining accounts that you do not create an infinite loop, as you could cause major damage on all the accounts involved. A loop example, if you create a trade copier from A to B, then B to C, and then C to A. You will be sending the trades back to the starting account and they will be repeatedly copied through the chain.
The account that trades are being copied from. Also referred as the master.
The account that trades are being sent to as copied trades. Also referred as the slave.
There are 4 Risk Types
When using risk multiplier by balance the trade copier will consider the balance of the Lead and Follower accounts to calculate a proportional lot size for each copied trade.
For example, with a multiplier of 1; if the Lead account has a balance of 10,000 and the Send To account is 5,000. As the balance of the Follower account is half the size of the Lead account, all trades will be half the lot size of the Lead account.
The math's used to calculate the Follower lot size:
Follower balance divided by Lead balance multiply by Lead lot size multiplied by multiplier
Here is another example, if your Lead account has a balance of $10,000, your follower account has a balance of $1,000 and the lead account has opened a trade with the lot size 0.1 and your settings are Risk Multiplier by Balance with a multiplier of 1.
The calculation would look like this:
1,000 (follower balance) / 10,000 (lead balance) x 0.1 (lead account lot size) x 1 (multiplier) = 0.01 (follower account lot size)
The multiplier value can be used to adjust the lot size further. A multiplier of 2 will double the Follower lot size. Conversely a multiplier of 0.5 will half the Follower lot size.
Risk multiplier by equity works in the same way as risk multiplier by balance but uses the equity values of the Lead and Follower accounts, instead of the balance.
The math's used to calculate the Follower lot size:
Follower equity divided by Lead equity multiplied by Lead lot size multiplied by multiplier
Here is another example, if your Lead account has an equity of $10,000, your follower account has an equity of $1,000 and the lead account has opened a trade with the lot size 0.1 and your settings are Risk Multiplier by Equity with a multiplier of 2.
The calculation would look like this:
1,000 (follower equity) / 10,000 (lead equity) x 0.1 (lead account lot size) x 2 (multiplier) = 0.02 (follower account lot size)
When using lot multiplier the lot size is calculated by taking the Lead lot size and multiplying by the multiplier value. For example, with the multiplier set at 2, if the Lead takes a 1 lot trade the Follower will take a 2 lot trade.
The math's used to calculate the Follower lot size:
Lead lot size multiplied by multiplier
When using fixed lot all trades taken by the Lead will be copied to the Follower at the defined Fixed Lot value. It does not matter how big or small the Lead lot size is, it will always be the defined fixed lot value.
This option will only show if the trade copier has not been turned for the first time. If you select yes, when the trade copier is turned on for the first time it will try to copy any existing trades on the Lead account. Once the trade copier has been turned on once the option will be removed.