Now that your Follower account is set up, you have to define size of the orders that need to be copied from your Signal Provider.
Please contact your Signal Provider to help you select the Risk Factor that meets the profile of the strategy and your risk aversion according to your account balance.
For this, click on "Account Settings", there you can define the Risk Factor that defines the trade size that needs to be copied on your Follower account.
Learn more about the Account Settings.
This is the list of all the Risk Factor methods available in our Trade Copier:
1. Auto Risk (on Equity, Balance or Free Margin)
2. Multiplier (Notional) or Multiplier (Lot)
3. Fixed Lot
4. Fixed Leverage (on Equity, Balance or Free Margin)
Learn more about the Risk Factor.
Finally save your settings by clicking on the "Save" button.
You are ready to follow your first trade, congratulations!
Symbols Settings: (Learn more here)
By default, our Trade Copier is able to automatically define the suffix by itself. For instance EURUSD to EURUSDm or USDCHF to USDCHFpro, etc. However, for complex symbols like XAUUSD to Gold or XTI to Oil, etc. you will need to use the "Symbols Settings" functionality (in "Follower-> Accounts"). It will allow you to define which Signal Provider symbol corresponds to which Follower symbol.
In the case your Signal Provider is trading complex symbols and these symbols are not the same than on your Follower account, please contact your Signal Provider to help you assist to setup the Symbols Settings.
Pending/StopLoss/TakeProfit (Learn more here)
Our advanced Trade Copier can copy all pending orders like Limit or Stop orders. Moreover, it can copy StopLoss (SL) and TakeProfit (TP), too. With a Free plan, the Trade Copier will close the Follower position as soon as the Signal Provider StopLoss or TakeProfit is triggered. However, the StopLoss or TakeProfit is not copied (hosted) directly on the Follower account. With a Paid plan, the StopLoss and TakeProfit can be copied directly on the Follower account if you enable the corresponding options in the Follower account setting in the column "Copy Master's Pending/SL/TP".
In case your Signal Provider uses Pending, SL or TP orders they will be manage properly by the Trade Copier no matter you are using a Free or Paid plan and no matter you have enable the copy of these orders, please contact your Signal Provider to learn more about the strategy and the orders type used.
Others advanced settings (Learn more here)
It up to you to use or not others advanced settings like Global Account Protection, Orders Filters, Globals Settings, Open/Close Only Mode,...
Please note that using such settings is at your own responsabilities and could leads to differents results that the one promises by your Signal Provider.
If you need more information on specific settings that should be used, please contact your Signal Provider.