Copying is a process through which strategy provider’s trades are copied to the investor’s account, after factoring in a copying coefficient.
Let us look at two scenarios an investor may encounter:
An investor can start copying a strategy even when the market is closed (up to 3 hours before the market reopens). In such cases, the orders will be copied at the last available market price. Read this article for more details.
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Start copying without open trades:
Investor chooses to invest in a strategy which doesn’t have any open trades at the moment. Once he clicks on ‘Open a new investment’, the system calculates a copying coefficient. When the strategy provider opens a trade, the trade is immediately copied to investor’s account at the same opening price.
If the strategy provider opens a trade of 1 lot, and the calculated copying coefficient is 2, the trade will be copied as 2 lots on the investment account.
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Start copying with open trades:
Investor chooses to invest in a strategy which currently has some open trades. Once he clicks on ‘Open a new investment’, the system calculates a copying coefficient. In this case the copying coefficient is calculated differently because it also involves the strategy provider’s open trades’ spread cost.
Trades already open are copied onto the investor’s account using the current market price which may be different from the opening price of the trades on the strategy provider’s side.
If the strategy provider opens a trade of 1 lot, and the calculated copying coefficient is 2, the trade will be copied as 2 lots on the investment account at current market price.
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Subsequent copying:
When the strategy provider opens new trades, they will be immediately copied onto the investor’s account using the same opening price as that of the strategy provider. The copying coefficient used for calculation is the actual copying coefficient which is calculated and updated according to these rules.
If the strategy provider opens a trade of 1 lot, and the calculated copying coefficient is 2, the trade will be copied as 2 lots on the investment account at the same price as that on the strategy provider’s side.