begginer / trying to understand percentage volume calculation and profits
Yes, that is correct, if all signal trades are 0.25 lots and are copied to you as 0.01 lots.
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Please correct me or tell if i am right.
For everything being simpler i have an example:
Signal is 16500 usd equity. I have 500 usd portofolio. Both leverages are 1:500 and accounts are both in usd.
The system will calculate (if i put 95% in the signal settings) 500*0.95/16500 = 0,028. After rounding, that makes it at 0.02 ratio, witch means 2 percent.
If the signal is trading with 0.25 lots, that means i will trade with 0.25 * 0.02 = 0,005 lots, but i think the minimal lot size is 0.01 so i will be trading with 0.01 lot. That is (0.25 / 0.01 = 25) 25 times less than my signal.
So, if he will make a profit of 500 usd per month, i will have 25 times less profit per month (if slippage and others are at zero) so it's 500 / 25 = 20 usd.
Is this correct?
Thanx