Copy Trading Percentage or Multiplier

Reason for Percentage:

  • What it means: If you set a percentage for copy trading, you are specifying how much of each trade the trader you're copying will be mirrored in your account.

  • Example: If the trade account “A” you are copying makes a trade worth $1,000, and you set your copy trading account “B” percentage to 50%, your account will execute a trade worth $500 (50% of $1,000).

Multiplier:

  • What it means: A multiplier increases or decreases the size of trades relative to the trader you're copying. Instead of copying the trade exactly, you multiply it by the specified factor.

  • Example: If the trade account “A” you are copying makes a trade worth $1,000, and you set your multiplier to 2x, your account “B” will execute a trade worth $2,000 (twice the amount of the original trade).

Key Considerations This Will Serve:

  • Risk Management: Both the percentage and multiplier settings allow you to manage risk by adjusting the size of the trades copied to your account. A lower percentage or multiplier reduces exposure, while a higher one increases it.

  • Account Size: Consider your account size when setting the percentage or multiplier to ensure that you don't risk more than you're comfortable with.

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Upvoters
Status

In Review

Board

💡 Feature Request

Tags

Risk Tools

Date

Almost 2 years ago

Author

Timotheus Schuchner

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