GUIDELINES FOR USING THE LINKED SERVICE

 

  1. Don’t be in a hurry or try to cheat the system or take shortcuts. There could be a tendency to load the copy software and start trading immediately. Resist at all costs. Please read ALL of the points below and browse through all of the sections in the Linked account Benefit.
  2. Requirements
    You MT4 or MT5 broker account needs to be connected to the internet and the receiver Robot all the time while the markets are open. You can leave your desktop on or use a VPS service
    You will need to load the signal-receiving Robot into the accounts that are going to benefit from the signals
  3. Your experience level, Computer literacy, Mathematical ability, Ability to understand and follow instructions, to problem solve, and Time availability are other considerations why you should use demo accounts to do initial testing
  4. DO NOT link your accounts to Signal providers who are experiencing big drawdowns. Those accounts will be in a profit recovery phase which could cause you not to experience any trades for many days and even weeks
  5. Have realistic expectations
    Start with very low expectations and only increase them once you have more experience and experience success.
  6. Use very low-risk settings at first. The easiest way of doing this is to lower the lot sizing to be used for trading using the settings provided
  7. Use cent accounts wherever possible
  8. Most signal providers use $10 000 accounts. If you do not have R10 000 available, please use cent accounts to follow those traders
    Cent accounts will help you manage risk and build portfolios
    View the video on this page for more information about cent portfolios: Portfolios
    View this video about opening a cent account on this page: OPEN A CENT ACCOUNT
  9. Do not put all your eggs in one basket. Start testing more signals on demo accounts initially and then reduce the number of signals. Consider using a portfolio of possible signals. Cent accounts will help you Manage risk and build experience. Watch the video on this page for more information: Trade Portfolios
  10. Be aware of all the trading risks. Internet connection failure needs to be considered.
  11. Know why the trades taken by the followed trader will not be the same as those in your trading account
    Reasons for both entry and exit differences include slippage, spread differences, price differences, broker settings
    View this video for reasons why your entries and exits will differ. View the video at this link:- Reasons why results differ
  12. Know how to use the 2 main tools available to you to manage risk
    Learn how to use account size and lot size to manage risk
  13. View this video at this link for more information: Using account and lot sizing
  14. Test the copy robot using your broker’s demo account. Although not totally ideal it should catch the majority of setup problem
  15. Make sure your broker account is compatible with the service
  16. Make sure the balance is equal to or higher than the signal minimum required balance at the initial start of the service
    Leverage impacts your margin requirements – the higher the leverage the less margin you require
    Minimum lot sizing could impact your ability to follow the signals accurately.
  17. Only use live accounts once you have tested the signals and experienced good results
  18. Review your initial results daily until you are sure there are no problems
  19. Learn all the setting options available to you. Make sure you understand every setting available on the copy Robot