What’s FOLLOWGUARD？

FOLLOWGUARD is an intelligent copytrade risk control system. When using COPYTRADE function, FOLLOWGUARD will automatically monitor the account status in real-time.

Although most traders usually provide consistent and advantageous strategies, sometimes the best traders make mistakes. Once any major changes in the trader’s performance are detected, GOLLOWGUARD will step in and protect your account to minimize any potential losses.

All you need to do is to set the relevant risk control parameters for FOLLOWGUARD to take action.

What are the specific functions of FOLLOWGUARD?

Currently supported functions are:

1. Stop following all traders: once activated, it will stop following opening position and existing position will continue to follow closing.

2. Equity protection: when the account equity is lower than the setting value, the system will close all positions and stop following all traders. You need to reactivated if you want to follow again.

3. Maximum trading volume: if you are following by prorate, it will open position with the maximum volume when the following volume exceeds the setting value.

4. Maximum position: no new position will be accepted if the total position exceeds the setting value. Only when the total position is less than the setting value will it continue to follow the opening position.

5. Follow the specified symbols only: set to only follow the trader’s one or part of the symbols to trade. It is recommended to select trader’s skilled or more profitable symbols.

6. Signal interruption of following traders:
   FOLLOWGUARD will send an alert reminder when you are subscribing to a signal that is interrupted from FOLLOWME for more than 5 minutes due to changing the password; FOLLOWGUARD will automatically close all copytrade orders when the connection is interrupted for more than 15 minutes;

   FOLLOWGUARD will send an alert reminder when the connection between the signal you are subscribing to and FOLLOWME is interrupted for more than 15 minutes; FOLLOWGUARD will automatically close all copytrade orders when the connection is interrupted for more than 30 minutes.

   The system will end the subscription relationship and refund the current subscription fee, or you can make a manual transaction as appropriate if the signal is interrupted for more than 72 hours.

   The signal interruption time is only counted from Monday to Friday, and the reasons for abnormal connection interruption include but are not limited to: password errors, network fluctuations, network failures, broker server abnormalities, system upgrades, etc. FOLLOWGUARD will provide different levels of alerts and recommendations based on how long the signal account has been interrupted.

   In addition, in order to ensure that following account orders can be processed promptly and safely when the signal is interrupted, the current system settings do not support directly closing or canceling the function of automatically closing copytrade orders.

   Signal interruption of subscription account: When the connection between the subscription account and FOLLOWME is interrupted, the position of the signal account will no longer be synchronized, and the signal order will be closed after more than 24 hours of disconnection if the corresponding copytrade order will be unfollowed, and the signal will not be synchronized when the connection is restored; you can close the position manually in the MT4 client. *Account disconnection time is only counted from Monday to Friday