Low risk diversified trading

Accessing Copy Signal Settings in MT5

1. Open MT5.
2. Go to the 'Signals' tab: You can find this at the bottom of the MT5 terminal window.
3. Select a Signal Provider: Browse and choose the signal provider you want to subscribe to.
4. Click 'Subscribe': Once you have selected a signal provider, click on the 'Subscribe' button.
5. Configure Subscription Settings: A window will pop up allowing you to set various parameters for the signal subscription.

Key Copy Signal Settings

• Use of No More Than 'X'% of Deposit
  • This setting allows you to specify the maximum percentage of your total account equity that you want to allocate to copying the signal provider's trades.
  • Example: If you set this to 30%, only 30% of your account balance will be used to copy trades.
• Synchronize Positions Without Confirmation
  • When this is enabled, the terminal will automatically sync your positions with the signal provider without asking for confirmation each time.
  • Consideration: Enable this for seamless copy trading, but disable if you want to manually approve each trade.
• Stop If Equity is Less Than 'X' USD
  • This setting helps to protect your account from significant losses. It stops the copying of signals if your account equity falls below a certain level.
  • Example: Set it to $500 to stop copying if your equity drops below $500.
• Deviation/Slippage
  • Specify the maximum allowable deviation (slippage) between the price at which a trade is opened/closed by the signal provider and the price at which the trade is executed in your account.
  • Example: Set this to 3 pips to allow a maximum deviation of 3 pips.
• Volume Scaling
  • Adjust the trade size proportionally to your account balance relative to the signal provider's balance.
  • Example: If the provider trades with 1 lot and your balance is 10% of the provider’s balance, setting this to auto will adjust the trade size to 0.1 lots.
• Use Equities as Balance
  • This setting adjusts the lot sizes based on your account equity rather than the balance, which can help in more dynamic risk management.
  • Example: Enable this if you prefer using your current equity for more accurate trade sizing.

Step-by-Step Example for Safe Settings with 0.01 Lot Size

1. Subscribe to Signal Provider
   • Follow the steps to subscribe to a signal provider in the 'Signals' tab.
2. Configure Settings
   • Use no more than: Set to % of your deposit to limit risk exposure.
   • Synchronize positions without confirmation: Enable for automated syncing.
   • Stop if equity is less than: Set to $500 to protect your capital.
   • Deviation/Slippage: Set to 3 pips for stable markets.
   • Volume Scaling: Adjust so that the trade size reflects 0.01 lot for your account balance.
3. Apply and Confirm
   • Review your settings and confirm the subscription.

By carefully configuring these settings, you can control the level of risk and ensure that the trades copied from the signal provider align with your risk management strategy. Regularly monitor your account and make adjustments as necessary to stay within your desired risk parameters.