The Copy trading system is one of the key reasons this platform is considered among the leaders of the fintech revolution. The general idea of the Copy trading strategy is pretty simple: Choose the trader you wish to copy, create an account under their strategy and then decide on the amount you wish to invest and copy all of their trades automatically in real-time with one click of a button.
Beyond the basic concept of copy trading, there are quite a few additional elements to the system.
Before we begin, we will refer :
”Copy Trader” as the trader you are following(copying)
“Copy investor “as the user who is doing the copy action (i.e. yourself)
Here are a few important points you should take into consideration before copying:
The minimum amount to invest in a trader is $500.
The maximum amount you can invest in one trader is $2,000,000.
The minimum amount for a copied trade is $1; trades below this amount will not be opened.
If you close a copied trade manually, the funds from this position will be credited back to your balance (the amount allocated to copy that person that is not invested in open positions).
The CopyTrading system gives in investors the option to copy all of the currently open trades of the Expert you are following .
Copy investors choosing this method will have the existing open trades of the trader they are copying opened, with the following terms:
The existing open positions will be opened in the copy investors account with the market rates available at the time of copying (not the rates at which the original trades were opened).
The trades will have the same stop loss (SL) and take profit (TP) as the original trade.
They will mirror the Copy Trader’s future actions including changes in SL’s and TP and closing of the trades from the moment you begin copying them. If the copy trader extends their SL by adding more funds to a position, your SL will adjust accordingly. However, your position amount will stay the same as its initial amount. Therefore, you may sometimes see differences in gain percentage between your copying portfolio and the copy trader’s account.
If the Copy Trader opens a position in market that are closed during the time they are copied (market break for example), the system will open a Market Order for the copy investor. Once the market is open, the order will execute into a position with the first market rate.
Please note: The trades will all open in your account at the same time. You will see them at a slight loss which reflects the spread between the Buy and Sell rates, to show you a real-time representation of the funds you will receive if you close the trade. New trades will open at the same rates as the copy trader opens them, and use the Realized equity (balance + invested funds) as the basis for the proportions of copied trades. For example, a trade opened with 10% of the Copy Trader’s realized equity will open a trade in your copying portfolio with 10% of the realized equity in the copy relationship.
However the proportion can change when the copy trader changes their available balance – this can occur when the Copy Trader makes a deposit or withdrawal. When any of these events occur, there is a change in funds in the Copy Trader’s account, and you might notice trades that have a different proportion than before. When the Copy Trader closes all open trades, the trade size proportions between their account and the copy investors account resets (equal once more).
These terms and conditions are subject to change at Mirrored assets discretion, at any time.
Copy investors choosing this method will only replicate new trades that the Copy Trader opens after the copy action starts. The following terms will apply:
Only trades opened after the copy action starts will open in the copy investors account.
New trades will open at the same rate as the copy trader opens them.
The proportions of the new trades will be calculated from the Realised equity of the Copy Trader (account balance + invested funds).
The trades will have the same SL and TP as the original trades.
All of the CopyTrader’s actions will automatically be duplicated in the copy investors account, including changes in SL’s and TP’s and closing of the trade. If the CopyTrader extends their SL by adding more funds to a position, your SL will adjust accordingly. However, your position amount will stay the same as its initial amount. Therefore, you may sometimes see differences in gain percentage between your copy account and the Copy Trader’s account.
You can close a specific copied trade without closing the copy account.