1) Once you have logged into your account, select "My Accounts" to access your Trading Account page.
2) Select the Trading Account you wish to have use for your Copy Trading by clicking on the account number.
3) Once you have selected your account, look for the "Social Trading" section and select "Launch" to access the Copy Trading page, this will open a new tab on your browser.
4) Here you will see the homepage for Copy Trading. Select "New Subscription" to start copy trading.
5) You will now see a pop up menu for you to select which Trading Account you wish to subscribe to a signal provider with and also which signal provider you wish to follow.
6) Once you have subscribed to your choice of signal provider, you will be diverted to the Subscription Profile page. You will also note the notification at the top right of the page, informing you that you have subscribed to your requested signal provider.
You will also see the notification at the center of the page informing you of the settings you will need to confirm. More details about this will be provided later in the walkthrough.
7) Please note, that subscribing to a signal provider does not mean you are copying their trades. You will need to select the "Actions" dropdown menu on the right side of the page and select the option "Activate" before you will begin copying trades.
8) Once you have activated your subscription to your chosen signal provider, you will see them appear on your "My Portfolio" page. Here you will be able to see the full list of signal providers you have subscribed to, and whether or not they are activated for copy trading.
9) If you wish to unsubscribe to a signal provider, you can click on the "Actions" dropdown menu again and select "Unsubscribe". Once you have selected "Unsubscribe", you will see the pop up menu appear. You will need to acknowledge and select the check box before you may proceed to select the "Unsubscribe" button. Once this is done, you will be redirected to the "My Portfolio" page and you will see the notification at the top right corner that the subscription has been archived.
10) Once you have accessed the Subscription Profile of the Signal Provider, you will see the following options available to you, highlighted in the red boxes. Read on for the guide to see what the options can do for you.
11) The first setting is for “Provider Filters”. The first option is “Direction”. “Direction” allows you to set which signals you wish to follow from your Signal Provider. The available options are “All”, “Buy”, and “Sell”.
Choosing the “Buy” or “Sell” option means you will only follow the respective Buy or Sell signals from your Signal Provider. Choosing “All”, means you will follow all signals from your Signal Provider.
Following that, we have “Minimum” and “Maximum” lot sizes. Entering a figure for the “Minimum” lot size, means that if your Signal Provider enters a trade lower than your figure, you will not copy that trade. Conversely, entering a figure for “Maximum” lot size means that if your Signal Provider enters a trade higher than your figure, that trade will not be copied.
12) The next setting is Subscription Strategy. The available options are “Volume scaling”, “Compared Value”, “Risk Ratio” and “Copy Direction”.
12A) The first option is for Volume Scaling. Here you can select for “Autoscale”, “Multiply” and “Fixed”.
For “Autoscale”, the trade lot size you copy from your Signal Provider will be done as a ratio of the Signal Provider’s lot size.
For “Multiply”, this option will allow you to copy your Signal Provider’s lot size with a multiplier of your Risk Ratio number.
For “Fixed”, the trade lot size will be fixed to your Risk Ratio regardless of Signal Provider trade lot size.
12B) For “Compared Values”, you can choose from the options, “Balance” and “Equity”.
Selecting “Balance” will calculate your values based on the total of your capital and realised profits/losses.
Selecting “Equity” will calculate your values based on the total of your capital and unrealised profits/losses.
12C) For “Copy Direction”, you have the option of “Direct” or “Reverse”.
“Direct” option allows you to copy the Signal Provider’s trades. Hence, if your Signal Provider selects “Sell”, you will do the same direction.
“Reverse” option will copy your Signal Provider in the opposite direction. Hence, if your Signal Provider selects “Sell”, you will do the opposite and “Buy” instead.
13) The next setting is “Correction”. For “Correction”, this allows you to set a maximum limit on open trades you have. Once the number of open trades you have reach the number of your Max open volume, no other trades will be copied from your Signal Provider until a previously open trade is closed.
14) Finally, we have the “Risk Management” setting. The available options are “Parameter”, “Threshold”, “Subscription Action” and “Trading Action”.
For “Parameter”, once the total realized losses from your Signal Provider reaches the amount you’ve set under "Threshold", it will perform the action you have indicated "Subscription Action".
For "Subscription Action", you have the options "Keep", "Suspend", "Unsubscribe". "Keep" will not perform any actions at all even when threshold is reached. "Suspend" will suspend your current subscription so no further copies will be done. "Unsubscribe" will remove the signal provider from the your portfolio as well as not copying any future positions from the signal provider. If you select the "Unsubscribe" option, do note that you will need to manually subscribe to the signal provider again.
Under “Trading Action”, you have the following options, “Keep All”, "Close All", "Close Unprofitable" and “Close All Unprofitable”. "Keep All" will not perform any action at all. "Close All" will close all copied positions you have. "Close All Unprofitable" will close unprofitable positions one by one until loss level is lower than you indicated threshold as above. "Close All Unprofitable" will close all copied positions with losses.
