Trading periods are used to measure performance of a strategy within a specified period of time, so that accurate measures of commission are recorded. The trading period covers a calendar month, and ends on the last Friday of the month (23:59:59 UTC+0), with a new trading period opening immediately after.
What happens at the end of a trading period?
These events mark the end of a trading period:
- An investor’s trades are closed.
- If trades are profitable, a commission fee is deducted and copy ratio is recalculated. If trades are not profitable, no commission fee is necessary and the copy ratio remains the same.
- All trades closed in step 1 are reopened with zero spread and the recalculated copy ratio.
Trades are closed and reopened during this process to accurately record commission and copy ratio - you can see when an order has been reopened in this way in the Copied Orders area in the Social Trading app; these orders are marked “Autoclosed”.
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.