Question about Provider and Followers copy Lots calculate!
Dear MQL5 and members,
Im a Provider and I have question, about my capital/lotsize and Followers capital/lotsize ratio (I will abbreviate it as C/L).
As i know mql5 calculate follower lotsize based on that ratio.
Case 1: My capital is $100 open 1 lotsize (C/L=100) and that trade have float profit is $50, so my equity is $150 (C/L=150)
Follower capital = $1,000 however setup "Use no more than 10% of deposit", so his copy capital = $1000 * 0.1 = $100, and will open 1 lots, the same with my account.
However when position have $50 float profit, his account equity = $1,050 and 10% of it is $105, less than my equity is $150. So question is: Will his lotsize decrease to $105/150=0.7 lots (150 is my account C/L).
Case 2: My capital is $100 open 1 lotsize (C/L=100) and that trade have closed profit is $50, so my equity is $150,
Follower capital = $1,000 however setup "Use no more than 10% of deposit", so his copy capital = $1000 * 0.1 = $100, and will open 1 lots, the same with my account,
When position close with $50 profit, his account equity = $1,050 and 10% of it is $105, less than my equity is $150.
8 hours later my account open another 1 lots (C/L=150).
So question is: What is follower lotsize, is it $105/150=0.7 lots (150 is my account C/L) or MQL5 have an another algorithm to calculate this situation.
I think when follower use "Use no more than xx% of deposit" have a trouble about this two case. Pls answer me as soon as possible, i have an signal with small account and i worry if my follower setup this will make them loss
Thank you.
All copying ratio calculations are made on balance and not equity, so floating profit/loss doesn't take any part in this.
New orders lot size will be based on the copying ratio at the time of their opening.All copying ratio calculations are made on balance and not equity, so floating profit/loss doesn't take any part in this.
New orders lot size will be based on the copying ratio at the time of their opening.clearly, thank you Eleni
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Dear MQL5 and members,
Im a Provider and I have question, about my capital/lotsize and Followers capital/lotsize ratio (I will abbreviate it as C/L).
As i know mql5 calculate follower lotsize based on that ratio.
Case 1: My capital is $100 open 1 lotsize (C/L=100) and that trade have float profit is $50, so my equity is $150 (C/L=150)
Follower capital = $1,000 however setup "Use no more than 10% of deposit", so his copy capital = $1000 * 0.1 = $100, and will open 1 lots, the same with my account.
However when position have $50 float profit, his account equity = $1,050 and 10% of it is $105, less than my equity is $150. So question is: Will his lotsize decrease to $105/150=0.7 lots (150 is my account C/L).
Case 2: My capital is $100 open 1 lotsize (C/L=100) and that trade have closed profit is $50, so my equity is $150,
Follower capital = $1,000 however setup "Use no more than 10% of deposit", so his copy capital = $1000 * 0.1 = $100, and will open 1 lots, the same with my account,
When position close with $50 profit, his account equity = $1,050 and 10% of it is $105, less than my equity is $150.
8 hours later my account open another 1 lots (C/L=150).
So question is: What is follower lotsize, is it $105/150=0.7 lots (150 is my account C/L) or MQL5 have an another algorithm to calculate this situation.
I think when follower use "Use no more than xx% of deposit" have a trouble about this two case. Pls answer me as soon as possible, i have an signal with small account and i worry if my follower setup this will make them loss
Thank you.