How do I change the lot size of a signal?

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Alejandro Rodriguez Torres
446
Alejandro Rodriguez Torres  

Is it possible to change the lot size when copying a signal?

For example if i want the lot size to be double of the signal, how can i do this?

Thanks. 

Vladimir Karputov
Moderator
120576
Vladimir Karputov  
Alejandro Rodriguez Torres:

Is it possible to change the lot size when copying a signal?

For example if i want the lot size to be double of the signal, how can i do this?

Thanks. 

Please read the help: 
  1. On Provider's account all trades are performed with volume of 0.1 lots. I want to copy these trades with larger volume, for example 0.3 lots. Can I raise the volume somehow?

ozzymandius
356
ozzymandius  

I read the help and my demo account fulfills the requirement ($2,000 Demo  vs signal provider $1,500 Real) but I can't seem to increase the order size.

Signal provider trades at 0.1 lot, so as an experiment (so far on Demo account) I went to my MT4 terminal: Tools -> Options -> Trade -> Size by Default -> Default and changed this to 0.5 

But orders are still being copied at 0.1!

Did I do something wrong? How do I modify the lot size?

Vladimir Karputov
Moderator
120576
Vladimir Karputov  
ozzymandius:

I read the help and my demo account fulfills the requirement ($2,000 Demo  vs signal provider $1,500 Real) but I can't seem to increase the order size.

Signal provider trades at 0.1 lot, so as an experiment (so far on Demo account) I went to my MT4 terminal: Tools -> Options -> Trade -> Size by Default -> Default and changed this to 0.5 

But orders are still being copied at 0.1!

Did I do something wrong? How do I modify the lot size?

Tools -> Options -> Signals -> Use no more than -> 95%.

What is written in the "Journal" tab?

ozzymandius
356
ozzymandius  

2015.05.07 10:38:23.020      '285708': Signal - money management: use 95% of deposit, equity limit: 500.00 USD, deviation/slippage: 2.0 spreads, copy SL/TP: enabled

 

2015.05.07 10:38:23.020      '285708': Signal - connecting to signal server

 

2015.05.07 10:38:23.418      '285708': Signal - signal provider has balance 1 576.00 USD, leverage 1:500

 

2015.05.07 10:38:23.418      '285708': Signal - subscriber has balance 1 483.36 USD, leverage 1:200

 

2015.05.07 10:38:23.422      '285708': Signal - percentage for volume conversion selected according to the ratio of balances and leverages, new value 35% (old value 0%)

 

2015.05.07 10:38:23.422      '285708': Signal - synchronization finished successfully

ozzymandius
356
ozzymandius  

Seems that the Signal account pulled ahead of my account in terms of balance, so now I am behind. I imagine that is why I cannot raise the lot size?

But if I increase my balance in my account to, say $3,000 then is this all I need to set to increase the lot size: 

Tools -> Options -> Trade -> Size by Default -> Default and changed this to 0.5 

Or would I need to set something else? 

Vladimir Karputov
Moderator
120576
Vladimir Karputov  
ozzymandius:

2015.05.07 10:38:23.020      '285708': Signal - money management: use 95% of deposit, equity limit: 500.00 USD, deviation/slippage: 2.0 spreads, copy SL/TP: enabled

2015.05.07 10:38:23.020      '285708': Signal - connecting to signal server

2015.05.07 10:38:23.418      '285708': Signal - signal provider has balance 1 576.00 USD, leverage 1:500

2015.05.07 10:38:23.418      '285708': Signal - subscriber has balance 1 483.36 USD, leverage 1:200

2015.05.07 10:38:23.422      '285708': Signal - percentage for volume conversion selected according to the ratio of balances and leverages, new value 35% (old value 0%)

2015.05.07 10:38:23.422      '285708': Signal - synchronization finished successfully

 You can see an example of calculations in the General information on Trading Signals for MetaTrader 4 and MetaTrader 5 article.
Alejandro Rodriguez Torres
446
Alejandro Rodriguez Torres  
So it is not possible.
Christopher Beinert
782
Christopher Beinert  
I am trying to do the same thing, did you figure it out?
Eleni Anna Branou
Moderator
6575
Eleni Anna Branou  
Christopher Beinert:
I am trying to do the same thing, did you figure it out?

There are products in the Market that can help you with that, but its highly unadvisable, because you will mess with the money management the signal provider had in mind and you will get burned very soon.

Don't forget that double lot size doesn't mean double profits only, but double losses too.

whroeder1
17943
whroeder1  
Christopher Beinert: I am trying to do the same thing, did you figure it out?

Deposit into your account so you have twice what the signal provider has in his. Done.

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