In order to reduce the risk of copy trading, we strongly recommend that you use the FOLLOWGUARD risk control system to protect your account. FOLLOWGUARD monitors the trading behavior of every trader you are following, and automatically takes action according to the threshold you set.
You can set relevant parameter for follower accounts on the "Account Management" page.
Stop following all traders: once activated, it will stop following opening position and existing position will continue to follow closing.
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.
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.
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.
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.
Signal interruption of following traders: when the trader signal you are subscribing to is disconnected from FOLLOWME for more than 15 minutes, FOLLOWGUARD will send an early warning; when the connection is interrupted for more than 30 minutes, FOLLOWGUARD will automatically close all following orders. You can also trade manually in conditions.
Subscription account signal interruption: When the connection between the subscription account and FOLLOWME is interrupted, the signal account will no longer be synchronized to open positions, and the signal order will be closed for more than 24 hours, the following order will be unbound from the following relationship, and the signal will no longer be synchronized to close the position when the connection is restored. You can manually close positions on the MT4 client terminal.