Copier Trading Tip: How to Control Which Order Size to Copy
Introducing Order Filter Min and Max Order Size.
Traders' needs are evolving. With many ways to trade and strategies increasing your probability for profit, we have been asked by many of you to add new features to cater to these growing needs.
We’re excited to announce another order filter that specifically targets the “order size” called Filter Min and Max Order Size, which are available on Copy Settings -> Order Filter. These powerful tools allow you to take control over the trades you replicate, giving you the ability to set specific boundaries for the order sizes you wish to copy.
How Do Filter Min and Max Order Size Work?
They are very straightforward. Let’s put it in the real-world trading scenario.
Minimum Order Size: If you set a minimum of 5 lots, any master order under 5 lots will be ignored and not copied.
Maximum Order Size: On the other side, if you set a maximum of 10 lots, any master order above 10 lots will also be excluded from being copied.
Imagine your Master account is getting trades from an EA that operates with a wide range of order sizes. Some of its orders might be too small to have a meaningful impact on your portfolio, while others might be too large, potentially introducing unnecessary risk. By using this feature, you can filter out the trades that don’t align with your specific risk tolerance or trading goals.
Helpful Regardless of Your Trading Style: Scalping, Swing Trading, and Risk-Averse Strategies
With order filters along with the advanced features offered by Duplikium, you are able to:
- Enhance control over your trading.
- Add another layer of risk management
- Avoid oversized trades or small, less impactful trades
- Customize the Trade Copier to your trading style
Mix Filter Min and Max Order Size with Other Risk Management Features and Filters!
We’re excited for you to start using it and see the difference it can make in your trading strategy. Let’s take the next step towards more precise, effective trading together!
A successful trader is defined by how well they manage risk. At Duplikium, we’re committed to providing a reliable, cutting-edge platform. You have numerous risk management options, from defining risk factors that control trade size to setting different risk parameters for individual symbols, depending on your strategy. You can also filter trades, such as copying only buy or sell orders or specific symbols. We’re excited for you to experience these features and see the impact on your trading strategy.
Maximize your trade copier’s functionality, and if you need assistance, our friendly customer support is always here to help!
The information provided in this content is for educational and informational purposes only. It does not constitute financial advice or a recommendation for any specific trading strategy. Trading involves risk, and you should carefully consider your own financial situation and seek professional advice before making any trading decisions.