there is a trader i want to copy.
looks like they mostly trade lots about the size of 0.12 ..
but on his page the leverage is 1:50
my broker default is 1:500
so that is a 10 fold difference.
is the rule of thumb to go with the same leverage that the trader has set ?
or when copy trading is that set automatically by the trader being copied ?
thanks for the info.
Read the following article -> https://www.mql5.com/en/articles/618
You'll find all information you need in the section "Managing Funds or How to Select a Deal Volume?"
Your larger leverage won't affect your copying ratio, only the smaller does.
The copying ratio will be calculated according to your (and the signal's) account balance, currency and leverage.
So, if you both have the same balance and leverage, you will open almost the same lot size trades (you can only use up to 95% of your balance in signal copying).