leverage question on copy trading?

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Cobra5000
146
Cobra5000  

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.

Daniel Stein
62534
Daniel Stein  
Cobra5000:

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?"

General information on Trading Signals for MetaTrader 4 and MetaTrader 5
General information on Trading Signals for MetaTrader 4 and MetaTrader 5
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MetaTrader 4 / MetaTrader 5 Trading Signals is a service allowing traders to copy trading operations of a Signals Provider. Some traders do not have enough time for active trading, others do not possess enough self-confidence or knowledge to work in the market. Trading signals make traders' money work rather than merely collecting dust on the...
Juvenille Emperor Limited
Moderator
11773
Eleni Anna Branou  
Cobra5000:

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.

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).

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