What is copying?
Copying is a process where a strategy provider's trades are copied to an investment account according to the respective copy coefficient.
How does the copy coefficient work?
Once you have created an investment under a strategy, the strategy's orders are then copied to your investment, which incorporates a copy coefficient calculation, also known as copy ratio.
The copy coefficient is used to determine the volume of trades copied to the investment account. The strategy provider's order size is multiplied by the copy coefficient to open the corresponding volume in the investor's account.
For Standard and Pro accounts, the copy coefficient is calculated individually for each newly opened order. At the start of an investment, only new orders placed by the strategy provider are copied, and any previously opened orders are not copied into the investor's account.
The copy ratio is not recalculated at the end of the billing period or after a strategy provider deposits into the strategy account. Each order will be copied with a ratio calculated based on the investor's equity and the strategy's equity. The copy ratio is precise and clear, so investors can rest assured that their profits are fairly and accurately distributed based on their investment.
Calculation formula
Copy coefficient (K) = investment’s equity/strategy’s equity
Note: The strategy’s equity is calculated at the moment before the strategy provider opens the order.
Copying scenarios
Below are some copying scenarios you may encounter:
| Copying scenarios | What happens? |
| Start copying with no open orders | If you create an investment with a strategy with no open trades, the system calculates the copy coefficient. When a strategy provider opens a trade, the trade is immediately copied to the investment account at the same opening price with the calculated copying coefficient. |
| Start copying with open orders |
If you create an investment with a strategy that currently has open trades, the current orders are not copied to the investment account. Only new trades after the investment creation are copied to the investment account. Note: If the market reopens in less than 3 hours for the instruments with existing open trades, the investor will not be able to start copying. Copying will be available once the market is open. |
| Stop copying with no open orders | If you choose to stop copying a strategy with no current orders, the investment will be closed. The system calculates the performance fee and transfers funds from the investment balance to the investment wallet. The performance fee calculated will be sent to the strategy provider at the end of the billing period. |
| Stop copying with open orders | If you choose to stop copying a strategy while there are still open trades, if the market is open, the orders will be closed with the current market price as the closing price, while if the market is closed, the orders will be closed once the market opens. Once closed, the performance fee is calculated and transferred from the investment balance to the investment wallet. The performance fee calculated will be sent to the strategy provider at the end of the billing period. |
| Subsequent copying after opening an investment | When the strategy provider opens new trades, they will be immediately copied to the investment account using the same opening price. This also applies when the strategy provider closes an order, the order will also be closed on the investment account with the same closing price. The copying coefficient used for calculation is the actual copying coefficient, calculated and updated according to the copy coefficient formula. |
Example
Here's an example of how copying and copying coefficient works:
A strategy provider has 500 USD in the strategy account.
- Investor 1 invests 1000 USD.
- Investor 2 invests 1500 USD.
Copy coefficient (K) = equity investment / (equity strategy + master order spread cost)
| Investment | K | |
| Investor 1 | 1000 USD | (1000/500) = 2 |
| Investor 2 | 1500 USD | (1500/500) = 3 |
If the strategy provider opens an order of 2 lots, let us calculate how these orders will be copied to each investment account:
| K | Investment | |
| Investor 1 | 2 | 2 x 2 lots = 4 lots |
| Investor 2 | 3 | 3 x 2 lots = 6 lots |