Examples
However as we know the lot size we are going to use, then for you to see what lot size you will obtain is not too complex, and please let us explain.
So for starters we know our lot size is 0.05, then we divide that by 10,080.00 (our starting balance), then times it by 10,000 (could be your starting balance), then times by 1.50 (if you are going for the 1.50 auto risk), then in this case the approximate amount is 0.07440 or 0.08, in this case.
So lets give some other examples, so you better understand this fully. To start off with we are using the 1.50 auto risk and then 1.50 auto risk.
Just remember whatever our lot size used, or our balance, your balance, your desired auto risk level, all is computed automatically, so it is a case of once set from our end & then let the copy software do its work.
Below is the formula used to compute the slave order size:
Formula Used For Working Out The Slave Lot Size Using Auto Risk
Examples Table
If the minimum order size allowed by your broker for a specific symbol is bigger than the lot size computed, the Trade Copier copies the min trade size. In this particular case, the system always tries to copy the trade with the minimum allowed value.
Please note we do not suggest the negative method of trading as that would go against the trading strategy used in our case.