The trading period is a timing cycle used to measure performance of a strategy within a specified period of time in order to accurately record commission. The trading period covers a calendar month, and ends on the last Friday of the month (23:50 UTC+0 to 23:59:59 UTC +0) with a new trading period opening immediately after.
What happens at the end of a trading period?
- Investor orders are closed.
- If these orders were profitable, a commission fee is deducted and copy ratio is recalculated. If these orders were not profitable, no commission fee is deducted but the copy ratio may still be recalculated.
- All orders closed in step 1 are reopened with zero spread and the recalculated copy ratio.
Orders are closed and reopened during this process to record commission and calculate the copy ratio. Reopened orders can be found in the Copying orders area of the Social Trading app with a note providing context for the order’s reopening.
For more information, we recommend that you read about how commission is calculated, as it is paid out only at the end of a trading period.