How to manage trade size copied and risk!Hello {usertag:username|info:receiver}, Thanks for choosing Duplikium! We’re here to help you get the most out of our service, and today, we’re breaking down the Risk Management options in your Trade Copier. It makes your copy trading more flexible and adaptable! Risk Management OptionsThe Risk Factor is a mandatory setting used by the Trade Copier to determine how to calculate the order size when copying trades from your Master account to your Slave account. Without a Risk Factor defined in the Copy Settings, the Trade Copier won’t know how much to scale the copied orders. It uses a risk factor type (a formula) and a value (a control number) to apply the formula.
Here’s a quick guide to the different Risk Factor types and their use cases: | 🔹 | Auto Risk: With Auto Risk, the Slave trade size adjusts proportionally to the Master’s trade size and account size. This method ensures the same risk level is maintained between accounts.
For example, if the Master account is $1,000 and the Slave account is $500, setting Auto Risk to 1 means the Slave places 0.5 lots for every 1 lot the Master trades. | | 🔹 | Multiplier (Notional): This method adjusts the Slave trade size by applying the multiplier to the Master’s notional value, taking contract size differences into account.
For instance, if the Master trades 1 lot with a contract size of 10,000 and the Slave has a contract size of 100,000, with a multiplier of 1, the Slave will trade 0.1 lots, ensuring the “notional” value matches. | | 🔹 | Multiplier (Lot): The Multiplier (Lot) method calculates the Slave trade size by applying the multiplier directly to the Master’s lot size. Unlike Notional, this method does not consider contract size differences.
For example, if the Master trades 1 lot with a multiplier of 2, the Slave will trade 2 lots, regardless of the notional value. | | 🔹 | Fixed Lot: With Fixed Lot, you can pre-set the Slave trade size based on your desired risk factor value. It doesn’t depend on the Master’s order size.
For example, if you set the value to 1 and the Master trades 5 lots, the Slave will still trade 1 lot. Note that the lot type (mini, micro, or standard) depends on your broker’s configuration. | | 🔹 | Fixed Unit: Fixed Unit works similarly to Fixed Lot but defines the trade size in units rather than lots. For reference, 1 lot equals 100,000 units.
For example, setting Fixed Unit to 20,000 will always place trades of 20,000 units (equivalent to 0.2 lots), no matter the Master’s trade size. | | 🔹 | Fixed Leverage: With Fixed Leverage, the Slave trade size is calculated based on the Slave account size and a predefined leverage value. This method ignores the Master trade size.
For instance, if the Slave account balance is $200,000 and the Fixed Leverage is 1, the Slave will trade 2 lots. |
In addition to Risk Management options, we also offer flexibility in managing your positions, like hosting your SL and TP directly on the Slave (available with the paid plan), along with other advanced settings. We’ll cover these features in the coming days, but if you have any questions before then, feel free to reach out! Copy Trading doesn’t have to be complicated, and with Duplikium, it’s not! |
