NAGA Autocopy 🔁 allows you to trade by copying the trading strategy and all trades of other traders at NAGA. To copy someone you need to choose a trader from our leaderboard 🏆 whose trades you want to copy and set the following parameters:
🔘 Autocopy type (Relative to the leader or Fixed amount per trade)
🔘 Autocopy amount or percentage
🔘 Risk management settings (Stop Loss or Take Profit) - this can be done for each copied trade at a later stage
Autocopy volume may be fixed or be relative to the trader’s order volume. In this article, we will explain to you what Relative to the leader means.
Relative to the Leader Copy Trading
When copying a trader you may set the ratio of the autocopy volume. In this case, the size of your investment will depend on the leader’s order volume.
For example:
▪️You can copy a trader with a 100% ratio, which means that your order will be equal to the trader’s/master's order — 50 units in case he trades 50 units.
▪️If you set the copy ratio to 10% and the leader you copy will place an order for 50 units, your copied order will be equal to 5 units (10% from 50).
To set the Relative to the leader type for your copy trades:
1️⃣ Go to the leaderboard and choose the trader you want to copy.
2️⃣ Press the Autocopy button
3️⃣ Choose "Relative to the leader":
4️⃣ Set the % ratio value with which you will copy each trade of the leader:
5️⃣ Press the Auto Copy button and you will become copying the leader you've chosen with a relative volume in % to each trade that the leader you are copying is opening.
❕If the balance on your account is insufficient, the order won’t be copied. Thus, it is important for you to make sure your account has sufficient funds to be able to copy all of the trades.
👉🏻 Find out what Fixed amount per trade means here.