Here is how the copier works: You, as an investor, simply select an expert or experts that you want to copy trades from. Once you are signed up, the only actions needed on your part, are to setup your exchange API keys, assign allocation percentage for each expert, and ensure live trading is set to true.
Once you’ve taken care of the above, you are all set. There are no codes that you need to run or signals for you to manually input. Our software will handle the trade copying automatically on your behalf. We monitor your experts trading activity and as soon as there is a trade, we calculate all the necessary parameters and execute a trade in your exchange account.
The copier works based on trade percent amount. So, for example, if your expert takes a position in XYZ coin for a total of 10% of his account value and you are 100% allocated to that expert, then CopyMe copier will also execute a trade in your account in the amount of 10% of your account value. If you have allocated 65% of your account to that expert, then it will execute 6.5% of your account instead of 10%.
The only thing you have to make sure of is that you have enough available base currency (BTC, ETC, etc) that your expert trades with, in your exchange account. How much is enough? First, you must meet the exchanges minimum order amount (let’s say about $10 per trade to be safe). That means that if your expert executes a 5% order, you must have at least $200 in your account total value (at 100% expert allocation as an example). This also means that you need to have at least 10% or higher in available base currency to avoid missed trades.