Forum on trading, automated trading systems and testing trading strategies
How to Subscribe to a MT5 Signal
Sergey Golubev, 2021.06.07 09:40
The volume for subscriber is automatically calculated based on balance and the leverage of provider and subscriber.read this discussion thread for more information: https://www.mql5.com/en/forum/11714
About lot size - read this example about how it is calculated (you can check it with your figures as well):
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2018.10.19 16:40
You can calculate your lot size using the following example (from General information on Trading Signals for MetaTrader 4 and MetaTrader 5 article):
Let's consider a specific example of using the volumes management system:
- Provider: balance 15 000 USD, leverage 1:100
- Subscriber1: balance 40 000 EUR, leverage 1:200, deposit load percentage 50%
- Subscriber2: balance 5 000 EUR, leverage 1:50, deposit load percentage 35%
- EURUSD exchange rate = 1.2700
Calculation of Provider's and Subscriber's position volumes ratio:
- Balances ratio considering specified part of the deposit in percentage terms:
Subscriber1: (40 000 * 0,5) / 15 000 = 1,3333 (133.33%)
Subscriber2: (5 000 * 0,35) / 15 000 = 0,1166 (11.66%) - After considering the leverages:
Subscriber1: the leverage of Subscriber1 (1:200) is greater than Provider's one (1:100), thus correction on leverages is not performed
Subscriber2: 0,1166 * (50 / 100) = 0,0583 (5.83%) - After considering currency rates of the deposits at the moment of calculation:
Subscriber1: 1,3333 * 1,2700 = 1,6933 (169.33%)
Subscriber2: 0,0583 * 1,2700 = 0,0741 (7.41%) - Total percentage value after the rounding (performed using a multistep algorithm):
Subscriber1: 160% or 1.6 ratio
Subscriber2: 7% or 0.07 ratio
Thus under the given conditions, Provider's deal with volume of 1 lot will be copied:
- to Subscriber1 account in amount of 160% - volume of 1.6 lots
- to Subscriber2 account in amount of 7% - volume of 0.07 lots
What rounding scheme is used for Provider's and Subscriber's percentage ratio of deals volume?
- 2013.02.20
- www.mql5.com
When I calculate the copied signal and the lot is below 0.01 exactly (0.0066). What lot will copy me 0.01 or 0 ?
The lot size is always rounded down, so in your case it will be 0.01, there is no 0.00 option.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use