What is Copy Trading?
Quite simply, it's copying the trades of other successful traders within your own MT4 account. As an investor, you’re able to look at the performance of a variety of trading systems that have been created by other successful traders. You’re given the choice between a diverse range of trader systems and can choose a system to follow based on your own trading style.
How Does Copy Trading Work?
When you decide who you wish to follow, you simply begin to follow them, and their trades will be replicated in your account. If they open a trade, that same trade will be opened in your account, and should that trade be successful, yours will too! The AutoTrade system was designed specifically to ensure smooth and correct mirror trading. When you subscribe to an AutoTrade provider, you can change the multiplier value (either at subscribing or afterwards in your management screen). Changing this value will show you immediately the hypothetical return and risk you could have based on the data gathered so far. A multiplier of value 1 means you're getting the same risk ratio as the provider.
Risk is the maximal drawdown of the subscribed systems - it ranges from 0% to 100%. When you adjust the multiplier of each system, you will notice the risk bar adjusting accordingly, showing you the total risk in real time. Once the multiplier is set the system automatically will determine the size of trades on your account based on the chosen provider. The lower the multiplier value, the lower the risk, trade sizes and profit/loss. The higher the multiplier value, the higher the risk, trade sizes and profit/loss.
NO EXPERIENCE NEEDED
Take a ‘hands-off’ approach to trading if you’ve got time constraints or a lack of experience.
EASY TO USE
No copy trade software installation needed.
VIEW PROFITABLE TRADES
Only historically profitable systems are shown that have been hand-picked from real accounts.
You can add or remove a system at any time.
Facts and figures help you make better system selections.
ENHANCE YOUR KNOWLEDGE
Learn by watching the success of others.