Replies

sutucha2004
03 Dec 2020, 08:46 ( Updated at: 03 Dec 2020, 08:48 )

RE:

theFXlonglunch said:

Having looked closely at copy trader for a short time, is anyone else as concerned as i am. It seems very flawed, anyone can just sign up, manipulate return percentages then blow up accounts with not a single ounce of  responsibility. I guess as long as the brokers are making money from other peoples loses no one cares!?!?!

Surely there is a moral obligation on the suppliers behalf? Disappointing to see all round.

 

Agree. Resposible strategy providers must always put a hard stop loss on their own account, like 20%-30% hard stop loss, event if their account is only $100 or $1000. Plus the hard stop loss that copiers put in their accounts the risk would be under control. 


@sutucha2004

sutucha2004
03 Dec 2020, 08:41 ( Updated at: 03 Dec 2020, 08:54 )

RE:

PanagiotisCharalampous said:

Hi m.creku,

As I explained above, these deals might have been executed because some positions were closed due to stop out. Did you check this with your broker? Smart stop out does not close all positions if not necessary but only the part required to restore the margin. There are also other reasons that could cause deals being different between the strategy provider and the follower. You can check some here.

Best Regards,

Panagiotis 

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Hi m.creku,

When you have a margin call while open many positions the broker will close a number of positions that are just enough to cover your margin and leave the remaining positions open. If you're with IC Markets like me, they will close the biggest position in the basket and leave the rest open. If your account continue to be drawn down and hit the margin call again they would again close the biggest trade in your current basket. If your drawdown was very fast they would close one by one until nothing left opened.

I think that's what Panagiotis means. When you copy make sure your leverage and account size is in line with the provider. Otherwise there would be no margin call in their account but would be margin call in your account. That maybe the reason that caused your problem.


@sutucha2004