How can I adjust position sizes?
Intent: adjustLotSize
By default, Forex Copier copies orders with the same lot size but you can copy orders with different lot size by selecting one of lot management options in our program.
You can find all lot management options in Forex Copier 2 application, just click “Settings” button on Receiver account and go to“Lot/risk management” tab (please see the screenshot).
- “Multiply lot size from Source account by” – this option will multiply the original lot size by the value, which is entered in this field. If original order is opened with 1 lot and you have LotMultiplier =2 then Forex Copier will open order with lot size=2 on Receiver account
- “Proportional lot based on Source/Receiver Equity ratio” – if you have 1000 Equity on Source account, 100 Equity on Receiver account and you open an order with 1 lot on this account, our software will copy this order with 0.1 lot size
- “Always use fixed lot for copied orders” – Forex Copier will always open orders with entered value
- “Use risk management” - If you set some value here then the lot size of each copied order will be adjusted and this order will risk no more than selected % of your account in case the Stop Loss is hit.
Please note that original order should have Stop Loss so our software can calculate result lot correctly.
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