If you notice that the Signal account's equity is higher than yours when copying a signal account. There are several options you can explore to adjust your trade size and risk level.
Here's how to do it
1. Use the "Mirror Master Risk" option
If your account has less capital than the signal account, you can mirror the master risk. This means that your trade size will automatically adjust based on your account size, so that the risk you take is equivalent to that of the Signal you're copying.
How to do it?
When copying a Signal, click the three dots next to the "Trade Size" option.
Select the "Mirror Master Risk" option.
Benefit: The risk will be the same as with Signal, regardless of your balance. Trade sizes will be adjusted proportionally.
2. Use leverage (if your broker allows it)
If the Signal trade size is larger than your account size, you can use leverage to increase your trade size, as long as your broker allows it and you have enough available capital.
Practical example:
Imagine Harry is copying a Signal that has placed £5,000 on the FTSE 100.
Harry only has £1,000 in his account, but if he uses 5:1 leverage, he can trade with £5,000, matching the Signal trade size.
Caution: Leverage can magnify both gains and losses. It's important to use it with caution.
3. Mirror Master Size
In addition to mirroring the risk, you can also choose to mirror the trade size directly. This means that the trade you make will be the same size as the Signal trade, adjusted to your balance.
How to do it?
In the same menu where you select "Mirror Master Risk," you will also find the "Mirror Master Size" option.
This will automatically adjust the size of your trades to that of the Signal you are copying.
📊 Benefit: This option allows you to follow signals more closely in terms of trade size.
4. Choose a Fixed Trade Size
If you prefer full control over your trade size, you can choose "Fixed Size" from the same menu.
How to do this?
In the menu, select "Fixed Size" instead of the previous options.
Manually adjust the trade size based on your available balance
⚠️ Caution: Please note that by choosing this option, the risk you take compared to Signal can vary drastically, depending on the size of your account.
Conclusion
If the signal account has more money than yours, you have several options to adjust your trade size and risk level:
Mirror Master Risk: Adjust your trade risk to the Signal's level.
Use Leverage: Increase your trade size to match the Signal's, if your broker allows it.
Mirror Master Size: Align your trade size with the Signal's.
Choose Fixed Size: Manually adjust your trade size according to your preference.
💡 Remember: Always be careful when using leverage, as it magnifies both profits and losses. Make sure you fully understand the risks before using it.