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 amount may be fixed or be relative to the trader’s order amount. In this article, we will explain to you what Fixed Amount Per Trade means.
Fixed Amount Per Trade
The minimal Autocopy amount starts from €50. After setting the amount of your investment you will copy trades with a fixed amount, regardless of the leader’s order volume.
Examples:
▪️ If a trader places an order with $1 000, and you have chosen to copy him with a Fixed Amount Per Trade of €50, you’ll copy him with €50 only.
▪️ If you set your Fixed Amount Per Trade to €50, regardless of whether the leader has set their amount to €70, €100 or €500, your position will be at €50.
To set the Fixed Amount Per Trade for your copy trades:
1️⃣ Go to the leaderboard and choose the trader you want to copy.
2️⃣ Press the Autocopy button
3️⃣ Choose "Fixed amount per trade":
4️⃣ Set the amount with which you will copy each trade:
5️⃣ Press the Auto Copy button and you will be copying the leader you've chosen with a fixed amount per each trade you copy.
❕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 Relative to the leader means here.