Question: lot size differences between signal and copier?
I'm copying this MQL5 signal https://www.mql5.com/en/signals/35539 with 2000$ and my lot sizes are way lower than the MQL5 signal account has.
I mean the lot size is way lower than it should be.
This account shows a 28,000+$ balance and mine is 2000$. So my lot size should be around 0,06+ lots (1/14) and not 0,03 or 0,02 like it is now.
My account has a 1:300 and the signal has 1:500.
I use 95% of my money to copy his signal.
I guess that the reason for this is the difference in leverage between the 2 accounts.
Or am I wrong in my logic?
Thoughts....?
What a crappy system this seems to be. Jesus Christ, what a waste...
Thanks for the help anyway
Your volume ratio is 4% : (0.95*2,000)/28,000*(300/500). So for 0.95 lot size of the provider, you will get 0.03 lot.
I am copying a signal provider. His total balance is 2500USD and mine is 2000USD. He is using a leverage of 200 and i am using 500. So it means he can use a trade upto a balance of 500,000 USD and i can trade upto 1,000,000. and my balance is double of his. He open a trade and his lot size was .05 and the same trade when copied to my profile the lot size is .03 . But my lot size should be double of his as i am using a 500 leverage and as per the leverage i am using my balance is almost double of his. i am using 95% of my funds
As per Alain working my lot size should be
Your volume ratio is 4% : (0.95*2,000)/2568*(500/200). So for 0.95 lot size of the provider, you will get 0.03 lot
.95*2000= 1900
1900/2568= .739875
.739875*(500/200)= 1.849
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I mean the lot size is way lower than it should be.
This account shows a 28,000+$ balance and mine is 2000$. So my lot size should be around 0,06+ lots (1/14) and not 0,03 or 0,02 like it is now.
My account has a 1:300 and the signal has 1:500.
I use 95% of my money to copy his signal.
I guess that the reason for this is the difference in leverage between the 2 accounts.
Or am I wrong in my logic?
Thoughts....?