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AMEGA Copy Trade User Guide Follower

The document outlines the steps for registering as a follower to copy trades from a signal provider, including filling out account details and selecting a provider and offer. It also details subscription strategies, risk management options, and how to monitor copied trades and transaction history. Additionally, it explains the process for withdrawing funds from the Amega Finance platform.
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0% found this document useful (0 votes)
20 views9 pages

AMEGA Copy Trade User Guide Follower

The document outlines the steps for registering as a follower to copy trades from a signal provider, including filling out account details and selecting a provider and offer. It also details subscription strategies, risk management options, and how to monitor copied trades and transaction history. Additionally, it explains the process for withdrawing funds from the Amega Finance platform.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Follower

To register as a follower and start copying trades from a signal provider, follow these steps:

1. Go to the registration page: https://st.amega.finance/portal/login.


2. Fill in the following fields:
● Trading Account:
Enter the ID of your MetaTrader trading account that you want to use for copying trades.
This should be a real or demo account, depending on the setup.
● Password:
Input the password for your trading account. This allows the system to connect your
account and copy trades from the provider.
● Provider:
Select an active provider whose trades you want to copy. Providers who are publicly
available or have shared a private link with you will appear in this dropdown list.
● Offer:
Choose the provider’s offer that you wish to subscribe to. Each offer defines specific
terms and conditions, such as fees and visibility, that will govern the subscription.

After completing these steps, you’ll be able to follow the provider and have their trades copied
automatically to your trading account.

Subscription Strategy
This section allows you to configure how trades from the provider will be copied to your account.
You can adjust the relationship between the volume of the provider's trades and the volume of
the copied trades on your account.

Strategy:
● Compared Value:
Choose between Balance or Equity to determine how the volumes of the provider and
follower accounts are compared. The system will use the ratio of these values to
calculate the corresponding volume of the copied trade.
○ Balance: The comparison is made based on the current balance of both
accounts.
○ Equity: The comparison is made based on the total equity (balance plus
unrealized profits/losses) of both accounts.
● Ratio Multiplier:
Set an integer to multiply the ratio of the Compared Values. This allows you to adjust the
size of the copied trades.
○ Example: If you set the multiplier to 2, the copied trades will be twice the size of
what the comparison would normally calculate.

Example:

● Follower setup: Excess volume processingScale down to 3 lot(s)


● Compared valuesBalance
● Ratio multiplier2
● Provider open Position: 5 lot
● Follower Position: 3 lot

● Small Volumes Handling:


This option deals with small trade volumes that might be too small to execute.
○ Skip Low Volumes: If the trade volume is too small, the system will skip copying
that trade.
○ Skip by Rounding to Min Lot: The system will round up small volumes to the
minimum lot size. Be cautious with this option, as it could increase margin usage.
Correction

This section allows for final adjustments to the volume of trades that will be copied to your
account. You can set limits to prevent trades from exceeding a certain volume.

Options:

● Max Open Volume:


Set the maximum trade volume that can be copied to your account. This is useful if you
want to ensure that no single trade exceeds a specified volume. By default, this field is
empty, but you can input a float number to limit the volume size.
● Excess Volume Processing:
Choose how the system should handle trades that exceed the max open volume setting.

Risk Management

This section allows you to manage the risks associated with your subscription. You can define
thresholds that, when crossed, will trigger automatic actions on your subscription.

Options:

● Parameter:
Select the parameter that the system will monitor. The selected parameter will be used
to compare with the threshold value.
○ Total Loss: The total realized loss on the account.
○ Total Profit: The total realized profit on the account.
○ Floating Loss: The current unrealized (floating) loss from open positions.
● Threshold:
Set the value at which the system will take action. This could be a certain amount of loss
or profit at which you want to automatically manage your positions or subscription.
● Subscription Action:
Define the action that will be taken on the subscription when the threshold is reached:
○ Keep: No action is taken; the subscription continues as usual.
○ Suspend: The subscription will be temporarily suspended, stopping further trade
copying.
○ Unsubscribe: The system will unsubscribe from the provider, effectively ending
the subscription.
● Trading Action:
Define what happens to the copied trades when the threshold is reached:
○ Keep All: No action is taken on the existing copied positions.
○ Close All: All copied positions are closed immediately.
○ Close Unprofitable: The system will close losing trades one by one, starting with
the largest loss, until the total loss is below the threshold.
○ Close All Unprofitable: The system will close all trades that are currently in a
loss.
Trade Copying Process
Once your provider opens a trade, the same trade will automatically appear in your trading
terminal on the account linked to the provider, provided that the subscription conditions are met.
The trade volume will be adjusted based on the settings you have configured in your
subscription strategy.

You will also see a unique identifier in the comment section of each copied trade, indicating that
it was processed through the copy trading system. This helps distinguish the trades copied from
the provider from those you may have opened manually.

By leveraging the copy trading process, you can mirror your provider's strategy while
maintaining control over how trades are executed on your account.

Monitoring Copied Trades in the Personal Account


As a follower, you can monitor the performance of your copied trades in the personal account
across three tabs:

1. Positions

This tab shows the active positions currently being copied from your provider. You can track key
information about each position here.

Columns:

● Position: Displays the unique identifier of the copied position.


● Source: Indicates the provider’s account from which the trade was copied.
● Status: Shows the current status of the position (e.g., open or closed).
● Symbol: The trading instrument (currency pair, stock, etc.) involved in the position.
● Open Time: The date and time when the position was opened.
● Volume: The size of the copied trade, adjusted according to your subscription settings.
● Profit: Displays the current profit or loss of the position in real time.
● Close Time: The time when the position was closed, if applicable.

2. Deals

This tab provides a detailed breakdown of individual deals, including entries and exits for each
copied trade.

Columns:

● Deal: A unique identifier for each transaction made under a specific position.
● Position: The related position from which this deal originated.
● Status: Indicates whether the deal is completed or ongoing.
● Source: Identifies the provider's account responsible for this deal.
● Entry: Displays the type of entry, such as Buy or Sell.
● Symbol: The trading instrument for the deal.
● Volume: The volume of the trade associated with this deal.
● Price: The price at which the trade was executed.
● Time: The time at which the deal was executed.

3. Fees
This tab tracks all the fees related to your subscription and copied trades. You can see details
about the performance fees paid to your provider.

Columns:

● Fee: The type of fee applied (e.g., performance fee).


● MT Order: The corresponding MetaTrader order related to the fee.
● Amount: The amount of the fee deducted.
● Processed: Indicates whether the fee has been processed or is still pending.

By using these tabs, you can easily manage and monitor the progress of your copied trades,
stay informed about your positions, and review the fees associated with your subscription.
Transaction History
In the Transaction History tab, you can review all financial transactions related to your
subscriptions, including performance fees and other commissions. This section provides a
comprehensive overview of how funds have been processed between your account, providers,
and any agents involved.

This tab is essential for followers who want to keep track of all fees and payments associated
with their subscription, ensuring transparency in the copy trading process.

Columns:

● Transaction: A unique identifier for each transaction processed in relation to your


account.
● Account: The account involved in the transaction, either your trading account or the
provider's.
● MT Order: The MetaTrader order associated with the transaction, helping you link the
payment to a specific trade or fee.
● Amount: The amount of the transaction, whether it's a fee deducted or another type of
payment.
● Sender: The entity (typically your account) from which the funds were deducted.
● Recipient: The entity receiving the funds, such as the provider or agent.
● Processed: Indicates whether the transaction has been successfully processed or is still
pending.

This tab allows you to maintain clear oversight of all monetary transactions, helping you ensure
that all fees are correctly applied and that no payments go unnoticed.
Withdrawing Funds
To withdraw funds, simply navigate to your personal account on to your Amega Finance
platform. Since all commissions and trades are automatically reflected in your trading account,
you can easily manage your withdrawals directly through Amega Finance interface.

This streamlined process ensures that your earnings from copied trades are available on your
trading account for convenient withdrawal at any time.

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