How to Copy a Leader?
a) Once you decided on a leader to follow, you can start copying them in 4 simple steps:
i) Click on the Copy button available wherever a leader is displayed.
ii) Input the Reference Amount – This amount is used to calculate the % allocation from the leader onto your account.
iii) Click the Edit button to select the desired % level at which the system will stop copying the leader.
(1) Should the P&L of closed trades you copied from that leader reach the chosen % level of the Reference Amount, then the system will automatically stop copying new trades from the leader.
(2) The open trades copied from the same leader can be manually closed by you or can be left to be closed by that leader.
iv) Optional – open trades of this signal source can be automatically followed to your follower account by checking the relevant box under the Follow "button."
(1) Please note that the leader’s existing open trades have been opened in different market conditions, therefore, copying open trades from a leader may have a different outcome than that of the leader.
(2) For example, the leader’s open trade maybe in profit, but once you copy them, based on market conditions they may generate a loss on your trading account.
(3) Caution is advised when copying the leader’s open trades.
v) Once done, simply hit the Copy button and a success message will be displayed.
vi) Please note: To copy a leader, a monthly subscription fee of $10 is charged from your trading account.