AutoTrade Trade sizes

Mar 04, 2013 at 23:03
657 Views
2 Replies
Member Since Nov 12, 2010   178 posts
Mar 04, 2013 at 23:03
The AutoTrade feature says that it will copy the trades. Does this mean that it will copy the trade sizes as well? What if the account being copied has a balance of 10k and your account has a balance of 1k, does that mean your trades will be the same size or will they be 1/10 of the account being copied? The FAQ doesn't answer this. Does anyone know?
See my profile or message me for my latest EA
Member Since Nov 09, 2012   76 posts
Mar 19, 2013 at 09:51
I don't know exactly, but may I notify, that strategy should depend on size of lots. So simply if you copy someone's trades, even if you may have enough equity to open your own orders, it may cause different result.
If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
Member Since Nov 12, 2010   178 posts
Mar 19, 2013 at 10:56
Thanks, if you try a demo autotrade account, you can choose the risk that your account trades at which dictates the trade sizes I figured out now.
See my profile or message me for my latest EA
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.