What Is the Multiply Strategy?
The Multiply Strategy allows Auto-Copiers to replicate a Leader’s trade based on a multiplier.
Your copied trade size is calculated by multiplying the Leader’s volume by a value you choose, called the Volume Multiplier.
How Is It Calculated?
Copied volume = Volume Leader in lot x Volume Multiplier.
The Auto-Copier copies the volume that their Leader has opened and multiplies it by a predefined value in volume multiplier.
How to Set Up the Multiply Strategy
1. Log In to Social Trading
- Log in to Your Social Trading.
- Use your email and password to log in.
2. Access the Social Trading Portal
- In the sidebar, click Social Trading.
- Select your preferred server (e.g., QuoMarketsMT4/MT5).
- Log in using your trading account ID and master password.
Note: Your trading account must be created under the QuoMarkets system.
3. Go to “My Copy Stats”
- If you haven’t started copying a Leader yet, click “Start Auto-Copy” and choose a Leader from the Leaderboard.
- If you're already copying one, go to My Copy Stats, find the relevant Leader, and proceed.
4. Configure Your Strategy
- Under My Portfolio, click Subscription Strategy.
- Click Edit to customize your settings. Then, please refer to the information below:
- Volume Scaling: Volume Scaling allows Auto-Copiers choose how to scale their trade sizes based on the Leader’s volume in lot. Select “Multiply” from the options and the system will multiply the trade size.
- Volume Multiplier: The Volume Multiplier determines how much copied trade is scaled compared to the original trade. Enter a number to adjust the scale.
- Copy Direction: Choose whether copied trades should follow direct or reverse the original trade direction. If you reverse the direction, a buy becomes a sell and vice versa.
Please refer to example below:
Example 1:
Subscription Strategy settings:
- Volume scaling: Multiply
- Volume multiplier: 5
- Copy Direction: Direct
Given:
- Auto-Copier’s balance: 1000 USD
- Leader’s balance: 10 000 USD
- Leader opens a Buy trade of 1 lot EURUSD
Calculation:
- Copied volume = Volume Leader in lot x Volume multiplier
- Copied volume = 1 x 5
- Copied volume = 5
Result: The Auto-Copier copies the trade as a Buy of 5 lots of EURUSD.
Therefore, you would open a trade of 5 lots of EURUSD on the Buy side when multiplied with 5 from the Leader’s open trade on the same side.
Example 2:
Subscription Strategy settings:
- Volume scaling: Multiply
- Volume multiplier: 9
- Copy Direction: Reverse
Given:
- Auto-Copier’s balance: 1000 USD
- Leader’s balance: 10 000 USD
- The leader opens a Buy trade of 1 lot of EURUSD.
Calculation:
- Copied volume = Volume Leader in lot x Volume multiplier
- Copied volume = 1 x 9
- Copied volume = 9
Result: The Auto-Copier copies the trade as Sell 9 lots of EURUSD.
Therefore, you would open a trade of 9 lots of EURUSD on the Sell side when multiplied with 9 from the Leader’s open trade on the Buy side.
Small Volume Handling:
- If trades are close to the minimum size, the system automatically rounds them up to the minimum.
- You can enable the option “Risk by rounding to min lot” to allow copying of very small trades.
Keep in mind this may increase your margin requirement.
Final Step: Save Changes
After setting your strategy, click Save Changes to apply it.