What Makes Headway Copytrade So Flexible For Investors?
Headway Copytrade is known for being incredibly flexible and accommodating for investors. And it is all because you can take control of your copied trades. In this article, we’ll explore how investors can engage with and optimize their copied strategies.
Managing open positions
Copytrade allows you to decide how involved you want to be in copytrading. Obviously, you can leave the actual trading in the hands of a strategy owner. But you can also manage copied positions on your own.
While you’re not required to manage the trades you copy, you have the option to take control manually. To do this, log into your MetaTrader terminal using the account linked to Copytrade. There, you’ll see all the trades opened through Copytrade.
Just like with any other positions, you can modify them, add Stop-Loss and Take-Profit orders, or even close them. You can make these adjustments independently, regardless of the strategy owner’s plans.
Changing your copy settings
Headway allows you to alter your copy settings at any time. You can always make changes to account parameters like leverage and copy proportion. A copy proportion is the ratio between your and the trader’s trading volume. Simply put, the copy proportion determines the size of your copied trades. It also affects the capital involved in each trade.
If you want to make your copied positions bigger or smaller, you can change your copy proportion at any time. To do this, go to the strategy details page and click Edit next to the proportion in the Investor information tab. You can choose one of the standard proportions or enter your own ratio ranging from 0.1 to 1000.
If you want to stop copying a strategy, you can unfollow it any time by clicking Stop copying on the strategy details page.
Taking control at any point
Sometimes, a trader may stop updating their strategy account. But don’t worry, there is a lot you can do in this situation. Let’s explore your options:
- Monitor your active trades. The trader might be inactive because they’re waiting for a good trading opportunity. It could be worth waiting a bit longer for them to take action. However, keep an eye on your open copied positions to ensure you don’t miss a good exit opportunity.
- Check your email. Some traders might unpublish their strategies if they no longer wish to maintain their strategy account. When this happens, you’ll receive an email notification. All your copied trades will be automatically closed, and any commission for the remaining days of the month will be refunded to your account.
- Stop copying the strategy. If you no longer find the strategy useful, you can stop following it on the strategy details page. Keep in mind that if you stop copying the strategy on your own, you won’t receive a refund for the remaining days of the paid period. After this, you can find another strategy to follow.
If you have any questions about these steps, feel free to contact Customer Care via care@hw.site or through messenger apps.
Test your new copytrading powers now!
Since you now understand how to control your copied strategies, you can try your new skills in action. Go ahead, follow some strategies, and customize your trading experience however you like. Start now!
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