- Risk Multiplier by Balance - when using this risk, the trade size of the copier will depend on the balance of the accounts to be proportion to the master's trades.
For example: If the master has a 5,000 USD balance on his account and the copier has less amount, let's say 2,500 USD balance, the trades size of the copier will be lesser. In this case, that will be half the volume of the master's account. (Since 2,500 is half of 5,000)
- Risk Multiplier by Equity - It is the same as balance; the trade size will depend on the equity (meaning the value of the trading account when all positions are closed)
- Fixed Lot - means that the copier lot size will be fixed to whatever the multiplier value is.
For example: If the Master opened 5 lots, but the copier uses a Fixed lot & the multiplier is set to 1, then the copier will open a 1 lot trade. EG, this lot size is FIXED to 1
- Lot multiplier - trade size will depend on the multiplier that was set by the master.
For example: If the multiplier is 0.5 and the master traded 2 lots, the copier will get 1 lot. (since 0.5 is a half lot, the copier's lot size will be half of the master's lot size)
If the multiplier is 1 and the master traded 2 lots, the copier will get 2 lots ( the lot size of the copier will be the exact same lot as the master's trade)
If the multiplier is 2 and the master traded 2 lots, the copier will get 4 lots (the lot size of the copier will be doubled the lot size of the master's trade)
Note: On Lot Multiplier, if you set the multiplier to 1, then it will copy the same size as the lead - this is the only way to do that.
---------------------------------------------------------------------------------------------------------------------------------------
Sample computation from Ash on how to determine the lot size that will be copied to the follower's account for risk multiplier by balance
1,000(follower balance) /10,000 (lead balance) x 0.1 (lead account lot size) x 1 (multiplier) = 0.01 (follower account lot size)