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Copy Signal - can I amplify the lots size?

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s050399b
714
s050399b  

Is there a way where I can double the lot size copied?

 

example, signal provider has $100 and open a 0.01 lot.

I have a $100 account, and I want to open a 0.02 lot.

 

Is it possible? How do I do it?

 

Maybe a EA to duplicate trades in my account? 

Stuart Browne
5898
Stuart Browne  
s050399b:

Is there a way where I can double the lot size copied?

 

example, signal provider has $100 and open a 0.01 lot.

I have a $100 account, and I want to open a 0.02 lot.

 

Is it possible? How do I do it?

 

Maybe a EA to duplicate trades in my account? 

The only way you can "legally" do it is to ensure you have the same or greater leverage, same or higher currency and twice the deposit amount as the signal (actually you will need 205% more as you can only use 95% of your funds). The only other way to do it is to duplicate the trades with a trade copier but this is technically against the rules.
s050399b
714
s050399b  
Stuart Browne:
The only way you can "legally" do it is to ensure you have the same or greater leverage, same or higher currency and twice the deposit amount as the signal (actually you will need 205% more as you can only use 95% of your funds). The only other way to do it is to duplicate the trades with a trade copier but this is technically against the rules.

why is using trade copier against the rules? i mean if the default feature of mt4 allows us to set our own percentage, it would be great.

 

Use Case

signal provider has $10,000 in his trading account, and his max drawdown is 5%

I have $50,000, but I do not want to put $50,000 to a forex broker, I put only $10,000 and I want 5x the signal.

Stuart Browne
5898
Stuart Browne  
s050399b:

why is using trade copier against the rules? i mean if the default feature of mt4 allows us to set our own percentage, it would be great.


No idea mate, I don't make the rules and I don't necessarily agree with them, just telling you what they are. https://www.mql5.com/en/signals/rules

Rules for copy trading in MetaTrader 4 and 5 - the Trading Signals service
Rules for copy trading in MetaTrader 4 and 5 - the Trading Signals service
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Terms of Service Trading Signals: Signal Providers, how to create a signal subscription signals.
s050399b
714
s050399b  
Stuart Browne:

No idea mate, I don't make the rules and I don't necessarily agree with them, just telling you what they are. https://www.mql5.com/en/signals/rules

alright, 
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