When the first time of a Follower start to follow the Master Trader, they will need to select a Copy Mode and set up their Copy Trade Settings.
Below is a detailed description of each Copy Mode and Copy Trade Setup.
The copy modes currently supported by VSTAR are Smart Copy, Fixed Ratio Copy, and Fixed Amount Copy.
By selecting Smart Copy mode, VSTAR will calculate the amount of each copy order for the follower based on the proportion of margin the Master trader used to place the order. Copying users/followers will follow the trader's leverage settings.
Recommended for copy trading beginners
For example, based on Master Trader A's order cost, the margin ratio calculated is 10%. Assuming that Follower B has $1,000 of margin available at the time of order execution, a trade with an estimated order cost of $100 will be copied.
Note that the calculated number of orders placed by the Follower is rounded down according to the increment of the product. For example, if the calculated number of orders placed by the XAUUSD copy user is 1.11111 lots, the number of lots placed by the user is 1.11 hands.
|Fixed Ratio Copy||Followers can set a fixed copy ratio themselves. When a trader places an order, the system will place the order according to the fixed ratio. Experienced users can select this mode to customize their order settings.||
For example, if you set a fixed ratio of 10%, then when the trader places an order for 1 lot, the system will place an order for the Follower with a ratio of 10% and the order quantity is 0.1 lot. The calculated lot size is rounded down according to the increment. For example, if the XAUUSD increment is 0.01 and the calculated lot size is 0.025, the order will be rounded down to 0.02 lots according to the increment.
|Fixed Amount Copy||Followers can set a fixed amount for copying trading. When a trader places an order, the system will place an order based on the fixed amount. Advanced users can select this mode to customize their order settings.||For example, if you set the fixed amount to 100 USD, then when the Master trader places an order, regardless of the amount, the system will place an order for the Follower according to the fixed margin amount of 100 USD, and the order quantity is the number of lots calculated based on the fixed amount. . The calculated lot size is rounded down according to the increment. For example, if the XAUUSD increment is 0.01 and the calculated lot size is 0.025, the order will be rounded down to 0.02 lots according to the increment.|
Copy Trade Setup：
This is the total amount of money you will invest in your chosen Master Trader. You can enter the amount based on your standard account balance. It should be noted that once you follow the order, you will exit the credit bonus campaign.
The minimum capital for copying trading is 50 USD.
Ratio of each Copy Order
|Fixed Ratio Copy Mode (Smart copy mode and Fixed Amount copy mode are not applicable)||Followers can enter a ratio as the copying ratio for each order. For example, if you set the fixed ratio to 10%, the quantity of each order will be 10% of the Master trader's lot size.|
|Amount of each Copy Order||Fixed Amount Mode(Smart copy mode and Fixed Ratio copy mode are not applicable)||Followers can enter an amount as the copying amount for each order. For example, if you set a fixed amount of 10 USD, the margin amount for each order will be 10 USD.|
|Copy Trade Stop Lost（CSL)||All Mode||The Copy Stop Loss (CSL) is designed to limit your copy risk and is triggered when a Master trader's accumulated losses reach a certain amount (only orders from the dealing desk are counted). If you don't want to set a CSL, you can leave it blank. After triggering, if the Master trader places an order again, the order will not be placed simultaneously with the follower.|
|Single copy order margin limit||Smart and Fixed Amount Copy Mode (This setting does not apply to Fixed-Amount Copy Mode)||The specified contract will automatically stop replicating the trade once the position cost of the trade reaches the specified maximum position margin.|
|Maximum margin for copy orders per day||All Mode||Once the position cost on each trading day reaches the set maximum position margin, the specified contract will automatically stop copy trading.|