In this guide you will learn:
- How to copy the master
- What is allocation type
- How to check your subscriptions
- How to add funds for your subscription
- How to withdraw funds from the subscription
- Account types M.Pro, M.Premium, M.Cent
Do you know the benefits of being a copier? Here they are!
It’s easy as 123
From your mobile, PC and laptop device
1. Creating a Copier account
- Open a new live account
- Select Copier
If you have selected Invest Type Set Later, then:
Click Show all
Choose Invest Type, Change invest type
Select Copy subscriber, then Save
2. How to find masters and their strategies
Click on your Copier account
On your copier's dashboard, click Master rating to view and start copying the strategies
Also, you can find the master rating by clicking on the Copy Trading tab
3. How to choose a master strategy
You will see here the ranking list of Masters and their strategies. You can compare all the masters and choose to copy up to 100 strategies.
Top masters with low risk you will see in the Rising Stars sections
Also, we post our top masters on our Telegram channel, join to be the first and catch the best
Master rating
In the master rating page, the following filters are available:
Activity it means master did at least one manipulation with order during certain period
Country you can choose the master from your own country so the trading hours will be the same as yours or from any country you wish
Commission Type filter by what kind of commission the master is charging their copiers: Trade fee, Performance fee, Management fee. If you want to find ‘no charge’ master, then switch off all commission types.
Gain sort masters by the size of their total gain, this represents masters’ potential to make money.
Be aware that the highest-earning Master does not necessarily mean is good to follow, he/she might be taking excessive risks and that is mean a greater chance to win as well as to lose big.
Drawdown this shows how much this master suffered losses, the less drawdown % during the year the better, so you filter from 0 - 50%
Account Type if you have M.Premium – you can copy any Master with M.Premium too. And if you have M.Pro account – then you can copy any master who is the same M.Pro like you.
Searching by any keyword you can search by the master name, strategy name or any other criteria
Investors - sort the master by the number of copiers they have, in other words, by popularity among users
Copy Assets - sort masters by the total sum invested to copy their deals, in other words by trust valued in money
Gain - this will sort from the lowest to the highest or visa versa, in other words you can sort by the success in catching the wave in the market
Min. Investment - sort to see how much money do you need to allocate in order to start copying this master, how tough are conditions to enter
With us - how long the master trades with us. The more days with us, the more deserves a trust
You can copy the master with that type of account that matching the master, for example, you created an M.Cent copier account, then you should filter by this type of account and copy the master with M.Cent, the same applies to the account M.Premium and M.Pro
Master Card
By clicking on the master row from the master rating Copy Trading page, you can view a detailed page description of the strategy.
Again performance details are here: Gain (preferably positive), Max. drawdown (Max.DD the less the better), how many subscribers the master has, what instruments trades most, etc.
Here you will also find:
Strategy name
Masters account number starting with #
Account type of the master M.Premium, M.Pro, M.Cent
Strategy description here the master describes the trading style
You can add the master to favorites by clicking on the star and compare several masters by clicking on the arrows.
Please note that subscription conditions are all different with each master, some can charge the fees for performance, volume, management, others can for instance charge only performance fee.
Subscription conditions:
Performance fee - the master can charge this fee only if your investment was profitable, the performance fee can be paid monthly or weekly as the Master set in the strategy page
Volume fee the master can charge subscribers the Volume Commission, USD per lot, but a maximum of 1USD or 1 Cent if you are trading on M.Cent account. The number of lots the subscriber copied will determine the commission value and will be charged off the profit on a copied trade.
Management fee is a charge for providing signals. This is a sort of monthly subscription payment.
All about commissions please read here
Minimum Investment this is the amount required in order to be able to subscribe to the strategy and start copying.
Leverage ratio shows if a master uses accelerator for return growth. On the other hand, it reflects the risk level of the master
Trader’s bonus If a master has a trader’s bonus means then in order to understand what is the amount to copy him in full, you have to add the master’s Balance and the Bonus (Balance + Bonus = the master’s total funds for these copy trades)
Balance shows master’s balance. It affects size of copied lots depending on allocation (advanced settings guide)
Profit or Loss P&L displays the number of profitable and losing closed orders
Pie chart Highlights type of instruments, and its percentage among master’s trades
Example of the master overview page
Performance diagram
This diagram shows what success master has and it is based on closed orders, decisions on withdrawals and deposits. Also known as TWR
You can check it for the whole period and also for last certain period (e.g. last week, last month etc.)
Equity diagram
Represents the value of the trading account, that moves up or down with every order, without accounting for deposits or withdrawals. So it’s a clear picture of past and current master’s success.
Monthly Return
The monthly stats also calculated based on TWR. It shows changes of performance from the beginning of the month until the end of the month.
Important tip
If you are comparing several masters, pay attention to their balances as the graph may show very big movements in a master with small balance, while with higher balance Master will have a smoother graph.
Master’s trading history
Trading history is sorted by the time of closed orders. So you can see which time during the day master closed his positions and how profitable they were.
This simple analysis helps to evaluate master’s activity on managing risks and adapting to market volatility.
4. Copy strategy
By clicking on the ‘Copy Now’ button appears the subscription interface. All settings are there.
Type a suitable investment amount and press the button ‘copy now'
Advanced settings
Access them via More settings
Account - Choose account, that you want to use for subscription.
Investment amount - Set the particular amount you want to invest to the master.
Sometimes there is a minimum investment amount required from the Master in order to be able to subscribe to his strategy and start copying, so you would have to allocate the required minimum amount or more if you wish.
If you are a newbie, you better test the Master with a small portion of the money.
The remaining funds will stay in your wallet, available for further copying the other masters.
Allocation types
You will copy the master by Balance with this allocation type settings set by default. However you can specify different alloaction type. Select the allocation type to specify in what proportion to copy master's positions. The formula helps to calculate the volume (lot) of your positions. If you would like to increase the ratio between yours and master’s strategy, then change it in ratio field.
Here are the formulas for the allocation types:
By Balance: Subscriber lot = Trader lot * (Subscriber invested balance to this subscription +-Profits and Losses / Trader balance)
Example: Assume master opens position Trader lot = 0.5. When opening the position, your invested balance = 1000 and Trader balance = 10000
In this case, Subscriber lot = 0.5 * 1000/10000 = 0.05 lot will be opened for you.
How to fully copy the master's orders and profits?
By Ratio: Subscriber lot = Trader lot * Ratio
With this allocation type you can copy the strategy exactly as the master, assuming that your invested balance and the master balance are the same (or very similar). Please note, that your balance is the invested sum that you deposited to this particular subscription.
To copy the master with the same lot size, choose Ratio = 1.
Example: Assume Master opens position Trader lot = 0.5. Then, your copied lot will be = 0.5 * 1 = 0.5
By Balance * Ratio: Subscriber lot = Trader lot * (Subscriber invested balance to this subscription +-Profits and Losses / Trader balance) * Ratio
Example: Assume master opens position Trader lot = 0.5. When opening the position, your invested balance = 1000 and Trader balance = 10000
Assume you set the Copying ratio for the subscription is Ratio = 2
In this case, Subscriber lot = 0.5 * 1000/10000 * 2 = 0.1 lot will be opened for you
By Equity: Subscriber lot = Trader lot * (Subscriber equity from the invested balance to this subscription +-Profits and Losses / Trader equity)
Example, let's assume a master opens a position: Trader lot = 0.5. When opening the position, your equity = 1000 and Trader equity = 10000.
In this case, Subscriber lot = 0.5 * 1000/10000 = 0.05 lot will be opened for you.
By Equity * Ratio: Subscriber lot = Trader lot * Subscriber equity from the invested balance to this subscription +-Profits and Losses/ Trader equity) * Ratio
Example, let's assume a master opens a position: Trader lot = 0.5. When opening the position, your equity = 1000 and Trader equity = 10000. Copying ratio for the subscription is Ratio = 2. In this case, Subscriber lot = 0.5 * 1000/10000 * 2 = 0.1 lot will be opened for you.
By Free Margin: Subscriber lot = Trader lot * (Subscriber free margin / Trader free margin)
Example, let's assume a master opens a position: Trader lot = 0.5. When opening the position, Subscriber free margin = 1000 and your free margin = 10000. In this case, Subscriber lot = 0.5 * 1000/10000 = 0.05 lot will be opened for you.
By Fixed Lot Allocation: Subscriber lot = Ratio
Assume you set a fixed lot = 0.03 then all your positions will be copied by volume equal to 0.03 (For DJ/NQ/SP/Oil indices... min trading volume is 0.1). In this case, 0.03 lot will be opened for you.
Limits
Profit and loss - you can set up Profit and Loss limits to protect your subscription from unexpected risks. Profit allows investment profit to be fixed at a certain level, while the Loss limit is the amount of money that you can lose and this limit will stop you from incurring further losses. This is your risk management.
Add a daily limit in % of funds, this will be counted from the beginning of the day (00.00 CET). If the profit or loss level is reached, all positions get closed automatically. The strategy is then paused but remains active in your portfolio. The trading will be resumed at the beginning of the next working day.
Example: You allocated for subscription $100, you set the Daily Profit Limit to 50% (that is $50), then the trading will get stopped automatically and all positions will be closed when equity reaches $150.
And if the Daily Loss Limit is set to 50% (that is 50$), then the trading will get stopped automatically and all positions will be closed when equity falls to 50$.
5. Your copier dashboard
Click on the Copier account
On your copier dashboard, you will be able to view your Copy Trading stats:
Invested shows how much money you have invested in masters’ strategies
Free capital shows how much money are free for trade and investment
Number of masters show how many masters you copying/following
Subscriptions shows all the masters and strategies that you are copying/following, you can view history of your copied positions, deposit funds to top up the particular strategy, edit copying details, pause or stop copying.
By clicking on the Edit copyingyou can change profit and loss limits, allocation type and actions on limits.
Click on the Pause copying to pause the subscription. This feature allows the user to stop copying master without closing currently opened positions. When “Pause copy” is activated there will be no new trades opened. However, all the currently opened trades will still be copying the SL/TP and close actions from the Copied Master.
Unsubscribe closes all the opened positions with the master and stop copying.
Invest more funds to the strategy if you want to add or reduce allocated funds for copying.
Withdraw investments funds from the strategy
What is invested and free capital?
Let’s assume your balance is $100
you invested in master strategy $20
You like master’s success and now you want to add more money to the subscription, click Invest more.
You can invest any amount available as a free capital on your account, in this example is $80 which is (100-20)
Let's invest into this strategy Amount $10 more
Therefore, invested capital for this subscription is now $30, and free capital $70
By unwrapping Trading History of a particular strategy, you can view Your vs. Master trades both Open and Closed orders.
Instrument shows the trading instruments.
Type and Volume, shows the order BUY or SELL and the volume traded by the master and you (e.g. 1/0.01)
Opening Price; Closing Price and the Time of the deal, are shown for master and you correspondingly..
Profit/Loss of the copied trades
Here are some things to note
Now when you made thorough analysis of your master's strategy, you are ready to take the decision.
It is advisable to diversify your finances and invest in several strategies/masters. If you choose this path, you will minimize unpredictable losses. Even if you fail with one market performer, there will be the others that can be more successful.
Sometimes between master’s trades and your copied trades can occur slippage, is the price difference that occurs between the time the master makes a market order and the time a system copies the order. Slippage is most prevalent during periods of higher volatility of a market.
Master can sometimes make decision to close their strategy without notifying their copiers, consequently all the orders will be automatically closed, whether they were in profit or loss.
Nothing in this guide constitutes financial advice by MTrading or the authors. Trading with MTrading by copying the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing master traders. Past performance does not guarantee future results. You always trade at your own risk.
Please also read important points here
Now you are ready to start!
May the trading luck be with you!